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 . . . . . . . . . . . . .

In today’s economy, No money, little money, low money down is available on Peterbilt semi trucks, big rig trucks, over the road trucks and tractor trailers for repos and off leases.

 

At the present time, lenders/dealers are loaded with repo and off lease trucks and trailers. These inventories are disrupting them from continuing their normal selling practices. In addition, these huge inventories are hurting their working capital and related cash flow. Today, we are seeing dealers/lenders offering concessions on a combination of pricing and financing.

 

Some lenders/dealers are offering easy financing, guaranteed financing and no money down to commence a buying opportunity. These economic conditions have given the first time buyer a large opportunity to enter this market as an owner operator. This can enhance their earning potential and free them from the employer/employee relationship. On the other hand, businesses looking to expand their fleet can use this favorable opportunity to obtain additional trucks and trailers for no money down or very little down and favorable financing.

 

Some lenders/dealers have waived strong credit scores as a criteria and will approve applicants for repos and off lease trucks that have credit scores below 600. All the lenders have different lending and financing options, therefore it is important to shop around and compare the information. In addition, the available repos, off lease trucks and trailers have been reconditioned and are ready to put back out onto the highways.

 

The ways to locate these specials are through publications like truckpaper, commercial trader, machinery trader, contacting banks, brokers and researching kewords throughThe internet… Additional publications and auctions are available to research These repo and off lease opportunities….

 

Examples of Semi Trucks, Big Rig Trucks, and Over the Road Trucks Include the following:

 

Peterbilt 379, Peterbilt Extended Hood, Peterbilt Raised Roof, Peterbilt 387, All other older models Peterbilts,

 

In conclusion, this economic downturn has created a buying and financing opportunity for the startup owner operator and the business that wants to expand its fleet. It is not unheard of that these lenders/dealers offer multiple units to a seasoned business for an expansion opportunity.. These financing deals usually are for sixty months and offer buy out clauses from $1.00 to 20%. It is always advisable for the buyer to consult a professional before acquiring and financing a truck and/or trailer. Additionally, there are new depreciation rules into effect for 2008 and 2009 that the buyer should be aware of …..

 

Happy hunting for your repo and/or off lease acquisition…