If you’re ready to apply for financing now, fill out our secure online credit application here.
If you have general finance-related questions, call (801) 261-2100 to speak with our finance department.
Our finance team is dedicated to finding competitive terms and rates for your tractor, commercial lawn equipment, golf cart, utility vehicle, and other power equipment financing needs. Unlike dealerships that rely on their sales or accounting teams to manage financing, Mountain West Power Equipment works with experienced financing partners who understand the equipment industry.
When you buy from Mountain West Power Equipment, our team works on your behalf to help make the financing process straightforward. Through relationships with banks and equipment finance companies across the United States, we’ll work to find a financing option that fits your business, budget, and equipment needs.
Do I need a down payment?
Yes, a down payment of 5 to 25% is typical on a power equipment loan. A longer time in business and a stronger credit score are the key factors in getting the lowest down payment. Individuals and companies with 5 or more years of moving experience can often get a 0 down payment on their loan.
How hard is it to get a loan for power equipment?
We have and work with lenders for every credit situation. We want to find an excellent loan approval for all our customers. Having 2 years or more of driving experience, a strong personal credit score, and keeping your revolving debt (credit card) balances at less than 35% are key factors in credit approval and will always make your loan approval better.
What kind of credit score is needed to buy power equipment?
Most lenders require a 680 or higher credit score, when offering the best approvals and lowest down payment options. We have several lenders ready to provide approvals for credit scores as low as 550. A higher credit score drives a lower down payment and rate on your loan approval.
Is it smart to finance power equipment?
Buying your own trailer is a great choice. This allows you to maximize your revenue per mile and your tax deductions, while allowing you the freedom to take loads from various shippers on your time and schedule.
What is the interest rate on power equipment?
Rates will vary according to your credit score, time in business, and payment history. Having 2 years or more of driving experience and prior commercial loans will help us find the best rate for you. A typical power equipment loan is between 7 to 15%. We work with our very best lenders to find the lowest down payment and rate, always.
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Important Update from Mountain West Power Equipment
Dear Valued Customer,
For decades, RMT Equipment has been proud to serve customers throughout Utah and the surrounding region with the equipment, parts, and service they depend on. We are grateful for the trust and relationships we’ve built with our customers over the years.
We are excited to officially share that RMT Equipment is now Mountain West Power Equipment, marking the completion of our transition into the Mountain West family. While our name has changed, our commitment to our customers remains the same.
You will continue working with the same knowledgeable team you’ve come to know and trust. What has changed is our ability to serve you. As Mountain West Power Equipment, we now have access to expanded resources, additional inventory, enhanced support, and a broader operational footprint, allowing us to provide an even higher level of service.
As part of this transition:
While our name and location have changed, our mission has not. We remain committed to providing the quality equipment, dependable parts, and exceptional service you’ve always expected, now backed by the strength and resources of the Mountain
West organization.
Thank you for your continued trust and support. We look forward to serving you for many years to come.
Sincerely,
Brody Childs
General Sales Manager
Grant Barney
Operations Manager