Polar
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Mehmi Financial Group helps businesses finance and lease Polar equipment, including transportation equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Polar units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Polar Tank Trailer
Polar Tank Trailer builds trailers for the chemical, food, petroleum and bulk transport industries, according to Polar. Its roots go back to 1946, when brothers Vince, Roy and Frank Warzecha founded the Opole Blacksmith Shop in Opole, Minnesota, and the company marked 80 years of manufacturing.
Polar tank trailers
Polar builds aluminum petroleum tankers, stainless chemical and food-grade tankers and dry-bulk trailers. The 9,000-gallon tanker on our list is typical of fuel delivery and petroleum hauling.
How lenders view tank trailers
Tank trailers are specialized and regulated. Lenders review the trailer's age, tank condition, required inspection and testing records, valves and pumps, and the hauling contracts behind it. Hazmat carriers are also reviewed for safety records and insurance.
Financing Polar trailers
Fuel distributors and bulk carriers often finance tankers with tractors or in groups. Current inspection certificates are essential on used units.
How Polar equipment financing works
Most Polar purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Polar transportation equipment
Lenders look at model year, odometer reading, engine and emissions history, and your driving or operating experience. Long-haul use is often reviewed more closely than local or vocational work.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and kilometres or miles, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Polar models with financing pages
| Model | Type | Category |
|---|---|---|
| Polar Tank 9000 Gallon Tanker | Equipment | Transportation |
Tax treatment of Polar equipment
In Canada, trucks and tractors designed for hauling freight with a gross vehicle weight rating over 11,788 kg generally fall in CCA Class 16, while other trucks and vehicles generally fall in Class 10. Trailers have their own rules, so confirm the class with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
Frequently asked questions
Can I finance a used Polar petroleum tanker?
Yes. Lenders review tank condition and current inspection and testing records.
How long has Polar built trailers?
Polar's roots go back to 1946 in Opole, Minnesota.
Do I need current tank inspections to finance?
Yes. Current inspection certificates are essential on used tankers.
Can a fuel distributor finance tankers with a tractor?
Some lenders will finance them together.
Do hazmat carriers face extra review?
Lenders may review safety records and insurance.
Can I finance a Polar food-grade tanker?
Yes. Lenders review the tank, sanitation records and contracts.
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