Step deck trailers (also called drop decks) are essential for hauling freight that's too tall for a standard flatbed but doesn't require a lowboy. They're popular in construction, manufacturing, and oversized freight, and they hold their value well.
Step Deck Trailer Costs
| Type | New Price | Used (3-5 yr) | Used (6-10 yr) |
|---|---|---|---|
| 48' Fixed Neck | $35,000-$55,000 | $18,000-$35,000 | $8,000-$18,000 |
| 53' Fixed Neck | $38,000-$60,000 | $20,000-$38,000 | $10,000-$20,000 |
| Extendable Step Deck | $55,000-$85,000 | $30,000-$55,000 | $15,000-$30,000 |
| Double Drop | $45,000-$70,000 | $25,000-$45,000 | $12,000-$25,000 |
| Step Deck w/ Ramps | $40,000-$65,000 | $22,000-$40,000 | $10,000-$22,000 |
Major manufacturers: Fontaine, Manac, XL Specialized, Doonan, Transcraft.
Why Step Decks Finance Well
Step deck trailers are attractive to lenders because:
- Versatility: They can haul a wide range of freight types
- Durability: Aluminum and steel construction lasts 15-20+ years
- Strong resale: Specialized trailers maintain value better than commodity trailers
- Lower risk: Flatbed/step deck operators tend to have higher revenue per mile
Financing Rates
Step deck financing follows standard trailer rates, which are generally favorable:
| Credit Profile | New Step Deck | Used (1-5 yr) | Used (6+ yr) |
|---|---|---|---|
| 700+ | 5.99%-7.99% | 7.49%-9.99% | 9.99%-13.99% |
| 650-699 | 7.99%-11.99% | 9.99%-14.99% | 13.99%-18.99% |
| 600-649 | 11.99%-16.99% | 14.99%-19.99% | 18.99%+ |
| Below 600 | Case by case | Higher rates | Limited |
Step Deck vs Standard Flatbed: The Financial Case
If you're deciding between a flatbed and a step deck, consider the revenue angle:
- Step deck loads typically pay $0.20-$0.50/mile more than standard flatbed
- On 100,000 miles/year, that's $20,000-$50,000 additional revenue
- The extra $5,000-$15,000 cost of a step deck over a flatbed pays for itself in months
This revenue premium also makes lenders more comfortable financing step decks.
What You Need to Apply
- CDL with appropriate endorsements
- 1+ year in business (flatbed experience preferred)
- 600+ credit score (lower scores considered with larger down payment)
- 10-25% down payment
- Business bank statements showing consistent revenue
- Insurance that covers flatbed/step deck operations
Extendable Step Decks
Extendable step decks command higher prices ($55K-$85K new) but also command higher freight rates. They're ideal for hauling long steel, pipes, and oversized fabricated items.
From a financing standpoint, extendables are treated as specialty equipment. Lenders may require:
- Higher down payment (15-25%)
- Demonstrated experience with oversized loads
- Proof of freight contracts or consistent load availability
Apply for Step Deck Financing
Brobas Capital Partners finances all types of flatbed and step deck trailers. We understand the specialized freight market and match you with lenders who do too.
Apply at brobascap.com or call (773) 691-3925