FOR LENDERS
The guarantee lenders need
to fund non-dealer
vehicle transactions.
Private-party commercial truck deals are the largest unfunded loan category in equipment finance. Banks aren’t declining the borrower — they’re declining the transaction. SellMyRig fixes that.
Active Deals
1XKYDP9X9NJ123045
2022 Kenworth T680 Sleeper
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2021 Freightliner Cascadia
Transaction Commitment
Lien Tracker
Title in collateral dept. — Day 18
Prior lienholder contacted — follow-up Day 6
Title transferred — filing submitted
$200M+
Transactions processed on the SellMyRig platform
15–25%
Average price gap between private-party trucks and dealer inventory
30d
Written guarantee — first lien perfected within 30 days of funding
0
New internal workflows required from your credit or collateral team
WHAT SELLMYRIG PROVIDES
Every deal. Fully covered.
Inspection, title search, lien release, DMV filing, and a written commitment — on every transaction, before you fund a dollar.
PRE-FUNDING
Inspection report in your credit file
A certified inspector visits the equipment before closing. Signed condition report with photos delivered directly into your deal file — before the wire goes out.
PRE-FUNDING
Title search and prior lien confirmation
Full title history pulled before funding. Prior lien balance confirmed. No surprises after the wire clears.
PRE-FUNDING
Written transaction commitment
A written commitment guaranteeing clean title with your lien perfected within 30 days. It goes in your credit file the same way a title commitment does in real estate.
POST-FUNDING
Lien release coordination
After funding, we track and confirm the release from the prior lienholder — following up until it clears. Paper and ELT states both covered.
POST-FUNDING
Title transfer and DMV filing
Title transferred to the buyer. Your lien filed as first position with the state DMV. Certificate delivered to your collateral department within 30 days.
ALWAYS INCLUDED
No changes to how you fund
Payoff goes to the prior lienholder. Proceeds go to the seller. SellMyRig operates as a layer on top of your existing process — not a replacement.
THE COMMITMENT DOCUMENT
In your credit file before you fund
Every deal comes with a Transaction Commitment issued before funding. The same model that makes banks comfortable funding mortgages — applied to equipment.
Collateral verified before a dollar moves
Inspection report, title search, and prior lien confirmation complete before you issue the wire. You are not approving blind.
First lien guaranteed in writing, on a deadline
We commit in writing to deliver a perfected first-lien title certificate within 30 days of funding. Backed by our E&O coverage and surety bond.
Your funding process stays the same
Payoff to the prior lienholder. Net proceeds to the seller. SellMyRig handles everything that happens next.
SellMyRig guarantees delivery of clean title with the above lender recorded as first lienholder within the stated deadline. Backed by E&O insurance and surety bond.
LENDING PARTNERSHIPS
Why lenders work with us
Private-party commercial truck lending is a large, undercapitalized market. Lenders who build a program now own the category.
01
Close deals you are currently declining
The deals you turn down today are not bad credits. They are deals with no collateral infrastructure. SellMyRig provides that — the same loan is now closeable.
02
No changes to your existing process
Fund the deal the same way you always have. Our commitment letter sits in your credit file. No new systems, no new workflows for your team.
03
Buyers with the equipment already identified
Buyers on SellMyRig have found the truck and negotiated the price. You receive warm applications with full deal context — not cold inquiries.
04
A defensible loan category
Lenders who establish private-party truck programs now become the standard referral for owner-operators who cannot get this done anywhere else.