Posts Tagged ‘work trucks financing new york’

Work Trucks, New and Used, For Sale With Easy Financing

April 13, 2010

Work trucks, new and used, are offered for sale with easy financing through participating banks working with dealerships, auction houses, and brokers.

 In today’s unstable economy, the start up and seasoned business has an unique opportunity to acquire an attractive deal for off lease and repo work trucks with possible easy financing. Due to a contracting economy, many lenders have excess inventories on their books that they need to put back on the street. These in-house inventories are non income producing, therefore putting pressure on the lender to make a deal with the potential customer. These work truck deals can be found in the price, the financing or a combination of both.

 Off lease work trucks has been returned to the lender as the lease has expired. The lessee has made a decision to return the work truck in lieu of exercising the buyout option. A repo has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks back and now must recondition the work trucks and either sell these trucks or re-lease them.

 The lender will either advertise their inventory through their internal sales force or outside professionals such as brokers to move their inventories as quick as possible. Sometimes as these inventories either sit or whatever reason aren’t moving, the lender may put these items up for auction.

 For this article, the type of work trucks we are going to identify for sale are the following

 Dump trucks, flatbed trucks, grapple and landscape trucks, fuel and lube trucks, bucket and boom trucks, over the road and day cabs, semi and big rig tractors, tractor trailers, water trucks, tow trucks, box vans and straight trucks, septic and sewer trucks, roofing trucks and car haulers.

 These work trucks for sale are manufactured by Kenworth, Peterbilt, Freightliner, Internationals, Sterling, Mack, Ford, GMC, Volvos and Chrevolets

 Some of the lenders in the market have advertised personal credit qualifications as low as 550, prior bankruptcy rules amended or ignored and startups welcome. Additionally, the front money to commence the lease can start as low as first payment to whatever you might able to negotiate. Some of the lenders have application only programs up to $50,000 or more. There are no financial statements, income tax returns or bank statements required.

 Additionally, financing a work truck is available where no credit is pulled for selected dealerships. Customers that have excellent credit will qualify for special financing rates.

 Whether you have good credit, bad credit, a start up business or need a low or little down payment, there are work trucks for sale and financing available for you in these volatile economic times.

 In conclusion, this is a buyers market for work trucks, commercial trailers, and construction equipment. Check out all the deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur.

Happy hunting for your work truck acquistion.




Locating Financing and Leasing For New and Used Work Trucks, Dump Trucks, Semi Trucks Etc

April 13, 2010

Locating financing and leasing for new and used Work Trucks, such as semi trucks, dump trucks, construction trucks, boom trucks, car carriers, box trucks, concrete and cement trucks, day cabs, heavy duty trucks, logging trucks etc can be a acquisition and financing, leasing opportunity. Today’s economy is all over the place and conventional work truck financing and leasing has dried up at many banks and/or lending institutions. Work truck owners can seek and find special financing and leasing in the secondary markets where there are repos and off lease trucks to be secured for acquisition.

These acquisition deals and related financing are spread out from California to the East Coast and enables start up and seasoned owner operators an unique opportunity to acquire a work trucks, trailers and related items for little or possible no money down… Some dealerships are tied to local or regional banks for built financing on these trucks. The clearance of these work trucks and related trailers are paramount for these dealerships and banks to continue operations.

Some lenders offering repos and off work trucks in the repo market offer these trucks with a minimum credit score of 550. This gives the startup and/or seasoned business an opportunity to start and/or expand their fleet with bad credit. This opportunity would have never existed in the past. Other lenders offer no credit check but are reference and income driven to make sure they have qualified a good candidate to take over one of their over the work trucks.

The work truck financing and leasing doesn’t stop here, others lenders with good credit and time in business offer no down payments and up to 60 months to repay. This obviously gives the over the work truck owner operator an unique opportunity to acquire work truck financing. Other work truck financing. leasing programs start at 575 and the down payments can be anywhere from 6-10% down based upon the applicant and the specific work truck. In addition, if you are a cash buyer, there is large opportunity to acquire a work truck at a substantial discount….

In today’s economy, we have even found reference driven lenders, credit reports aren’t considered as the main criteria for financing and leasing. Prior Bankruptcies can be a road block for many finance deals, however these lenders will look at them on a deal by deal basis and in most instances will not be a deal buster…All trucks are reconditioned and subject to your inspection prior to release….

The residual buyout clauses in these lenders can range from a $1.00 buyout to 15% residual buyout( Trac lease) So it is important to understand your buyout
Clauses and the effect on your particular deal.

The types of work trucks we are talking for financing and leasing are built by:

Peterbilt, Kenworth, Freightliner, Mack, International, Volvo. Sterling, Ford, GMC etc
Don’t forget the financing deals on reefer trailers, flatbed trailers, drop deck trailers and gooseneck trailers…

This could include manufacturers such as Wabash, Doonan, Utility, Wilson, Fontaine, Innovative, Great Dane and Vanguard

In conclusion, this is a buyers market for owner operator trucks, and trailers, . Check out all the deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur.

Happy hunting for your acquisition and related work truck financing and leasing