Thursday, November 13th, 2008
As buyers have been disillusioned with higher gas prices, food cost worries and personal housing problems, some of the lenders with these excess inventories have also come up deferred payment programs, As an additional dealer/lender incentive, a down payment is required from the customer but the second payment may be deferred up to 75 days, for a selected inventory group, Check an example below:
Your have access to this great opportunity from a Dealer/Lender on their off lease and repos. Lessees can maximize their earning potential by deferring your first payment after funding for no less than 60 days. Gives the customers an opportunity for even more earning potential in the first months of their lease!
Here’s how it works:
- Lessees choose an asset from the list that is available from the dealer. - Complete all normal documentation for funding and submit it to the lender.
Take advantage of these specials today!
As you see from this example, these concessions could sway the buyer for making a consideration for this program. No payments up to 75 days can be a stimulus to a sagging sales force. Additionally, other lenders are giving away gas cards as well to entice the deals. First Payment Only programs, no payments for 75 days, 60 months to repay regardless of age, favorable buy out clauses, easier credit qualifications, prior bankruptcies waived, additional co-signors ok, and start up businesses welcome are just some of the changes the dealers must consider to get the buyers’ interest.
The type of items we are going to identify as potential deals for the customer are the following:
Dump trucks, flatbed trucks, grapple trucks and landscape trucks, fuel and lube trucks, bucket and boom trucks, over the road and day cabs, water trucks, tow trucks, box vans and straight trucks, dry van and reefer trailers, end and bottom dump trailers, flatbed trailers, backhoes, bulldozers, crawler tractors, forestry equipment, excavators, forklifts, and other type loaders.
In conclusion, this is a buyers market for commercial trucks, 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.
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Friday, October 24th, 2008
Tow trucks are used by towing companies and some auto repair companies in order to drag heavy vehicles. Generally tow trucks are more useful in roads. Since the vehicle can help generating more revenues to towing companies, the cost of the vehicle is more. Hence many companies look for tow truck financing.
There are various types of tow trucks which are used for various purposes. Boom tow truck is one among them which has boom winch to pull heavy vehicles that are trapped into ditches or other places where normal tow trucks are not useful. Due to this specialized nature, they are extremely expensive and so the companies need boom tow truck financing.
Hook and chain tow trucks are very useful in transporting vehicles from one place to another in case the vehicle may not be able to transport themselves. For this purpose, the truck has separate hook and chain. This truck is highly useful in case of towing accident vehicles. Due to their cost, many companies look for hook and chain tow truck financing.
Wheel lift tow trucks have a large yoke to support the towing vehicle by touching only the wheel. This truck is useful in towing vehicles without any scratches. Flat bed tow trucks also called roll back tow trucks or slide tow tracks can carry any type of vehicles irrespective of its weight. They offer invaluable service for towing companies. Their comfortable features and sophisticated nature make them highly expensive. Therefore tow truck financing is often desirable.
Quick pick tow trucks also known as integrated tow trucks or repo provide priceless services for legal agencies and repossession companies. They are used to remove the illegally parked vehicles. Since people may get angry while towing their vehicles, it is important to do the work speedily. Quick pick tow trucks provide such fast towing service. Due to their special feature, they are quite pricey. Hence tow truck financing is often preferable to acquire them.
Tow truck generates revenue to many companies. Even if any company uses it for its internal fleet and does not generate any income, the cost of the tow trucks are really high and many companies find it impossible to acquire from their own money. Therefore they need to consider tow truck financing to acquire it.
There are some genuine financing companies that can understand the need of tow trucks and they arrange for fast approval of desired amount to towing companies or some other auto repair companies that want to acquire these trucks for sale. A simple application process is enough to get speedy approval of the amount. They provide financial assistance at low interest rates. Hence the towing companies find it easier to repay the low monthly payments since they are generating much revenue with the help of tow trucks.
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Monday, October 13th, 2008
In today’s economy, start up and seasoned businesses have an unique opportunity to acquire an attractive deal for any type of Peterbilt truck. The first option, for the buyer, is to visit their local dealer and find his truck there. This is great place to start and obtain pertinent information that will be used later in the data gathering process. From there, it is recommended searching the internet and its mass volume of data that is available. The potential buyer can visit such sites as truck paper and truck trader etc to view thousands of listings of trucks available across the United States. He is able to sort and sift through this vast data and should be able to find a truck, in any city and/or state across the U.S, that meets his acquistion requirements. Once he has located a source of trucks available to him, he is able to contact these sellers and negotiate a deal that might be able to meet his needs. Once he is agreed to a price and its particulars, his next hurdle is to find adequate financing in today’s complex lending world of this commodity.
The type of Peterbilt trucks are following:
Dump trucks, Semi trucks, Garbage and refuse trucks, Tow trucks, Cement Trucks, Concrete Trucks, Flatbed Trucks, etc
Today, the financing arena for Peterbilt trucks has become much smaller, especially for over the road trucks.. Lenders, in the past, that use to finance this niche market have either pulled their portfolio funds out of this area or have modified its lending requirements.Other seasoned businesses that don’t meet these credit requirements, may be required to put up 10-20% down or either put up additional collateral as their credit scores fall below 600. Most buyers don’t enjoy these tightening financial requirements, are locked out of this market, and will start looking for alternatives that are available due to market conditions. In addition to the market requirements of substantial monies due upfront, the conventional lender has modified his risk/reward factor for the failure and possible repossession of these trucks. Therefore, the rate and/or interest factor that the lender charges has gone up making it a bigger challenge to complete the financing end once the want to be buyer locates his acquisition.
As the economy has weakened due to market conditions, including diesel gas reaching $5.00 or more per gallon in certain states, the route of conventional financing has changed as we know it. The lender has acquired another problem that makes their equation a little more complicated.This has caused a problem with normal lending practices and trying to balance it with a non producing income portfolio. If these lenders don’t act swiftly and prudently, the combination of these two type of portfolios can be devasating to the lenders’ bottom line. A third factor to consider is the off lease truck. These truck for sale are being returned to the lender and they must act accordingly with this third factor.
Today, some of the lenders in the financial market have advertised personal credit qualifications as low as 575, prior bankruptcy rules amended or ignored, and start up businesses welcome. Additionally, the front money to commence a lease can start as low as first payment only to whatever you might able to negotiate. Some of the lenders have application only programs up to $250,000. There are no financial statements, income tax returns or bank statements required. Additionally, some lenders may defer some of payments to get the semi trucks financed.One should evaluate all the factors relating to this acquisition including gas costs, air emissions,environmental type requirements., buyout clauses acquisition costs and its related financing. Additionally, there are two distinct financing markets out there, one for the normal acquisition from the dealership and the possibility of acquiring a repo and off lease from a lender at favorable market and financing terms. As always it is advisable, if possible, to locate financing prior to truck shopping, it could save a lot of time and stress.
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Monday, September 29th, 2008
As buyers have been disillusioned by higher gas prices, food cost worries and personal housing problems, some lenders with excess inventories have also come up deferred payment programs, This is where a down payment is required but the second payment may be deferred up to 75 days, for a selected inventory group, Check an example below:
Your have access to this great opportunity from a Dealer/Lender on their off lease and repos. Lessees can maximize their earning potential by deferring their first payment after funding for no less than 60 days. Gives our customers an opportunity for even more earning potential in the first months of their lease!
Here’s how it works:
Lessees choose an asset from the list that is available from the dealer.
Complete all normal documentation for funding and submit it to the lender
Complete a special addendum and submit it as a part of your documentation package. Complete the above steps and you are able to push out their first payment after funding for at least 60 days (up to 75 days, depending on date of funding). Take advantage of this unique opportunity now. To be eligible, the deal must fund by July 31, 2008.
When you pick up your equipment, you will drive off with a $300 fuel card in their pocket!
Program Benefits for All Lessees and Assets Waived processing fee - $0 processing fee means only the first payment is required in advance .
Start-ups and challenged credit commonly approved on all equipment types.
All ages and types of companies are eligible for approvals on the inventory, including start-ups and proprietorships for over-the-road trucks and trailers and forestry equipment First payment in advance only Documentation and up-front payments must be received by July 31, 2008.
60-Month Financing for All Ages of Equipment
Extend the term length for lower monthly payments.
Extend the term length for a lower first payment due in advance.
Take advantage of these specials today!
As you see from this example, these concessions could sway the buyer for making a consideration for this program. No payments up to 75 days can be a stimulus to a sagging sales force. Additionally, other lenders are giving away gas cards as well to entice the deals. First Payment Only programs, no payments for 75 days, 60 months to repay regardless of age, favorable buy out clauses, easier credit qualifications, prior bankruptcies waived, additional co-signors ok, and start up businesses welcome are just some of the changes the dealers must consider to get the buyers’ interest.
The type of items we are going to identify as potential deals for the customer 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, water trucks, tow trucks, box vans and straight trucks, dry van trailer and reefer trailers, end and bottom dump trailers, flatbed trailers, backhoes, bulldozers, crawler tractors, forestry equipment, excavators, forklifts, and other type loaders.
In conclusion, this is a buyers market for commercial trucks, 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.
Posted in Truck for sale | No Comments »
