There are many great acquision and financing deals for Peterbilt, Kenworth, Freightliners, Volvos and International semi trucks, big big trucks and over the road trucks for sale. These deals are available from the East to the West Coast at various dealers/lenders. These deals usually require vary little money down and have favorable financing terms.
As the economy has gone into a recession, many dealerships have excess inventories due to repos and the return of off lease semi trucks. These semi trucks must be reconditioned and resold as quickly as possible. The leasing/financing of these semi trucks must be done in this economy with flexibility. If the dealership and lender are stubborn and/or inflexible, these semi trucks will sit on the lots for a long time and depreciate in value quickly. This presents a major challenge for all parties involved not to lose all their cash flow and possible go bankrupt . . . .

These semi trucks for the most part will have 10, 13 and/or 18 speed transmissions. The engines are usually built by Detroit, Cummins and/or Caterpilar.. A few semi trucks will have an automatic transmission.

Today’s market dictates flexibility in credit terms and credit scoring. Some lenders will qualify you as long as you have solid references and a guarantee of an income stream. Others lenders require a personal credit score as low as 525 and others require mid to high 500’s for repos and off lease semi trucks. This repo and/or off lease semi truck secondary market gives the start up owner operator and the seasoned one an opportunity to acquire a semi truck which wouldn’t be available for conventional semi truck financing..

The residual buyout clauses for these repos and off lease semi trucks range from $1.00 to 15 percent. This gives the buyer some flexibility in the monthy payment which can be tailored to his needs . . . ..

In conclusion, bad economic times can open doors to various niche industries for great buying opportunties. If you are looking to get into the owner operator and/or expand into this area, it would be a great time to shop around.

Happy hunting for your semi truck . . . . . . . . . . . . .