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.
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