Semi Trucks, big rigs, over the road trucks, tractor trailers, sleeper cabs are for sale with related financing and leasing can be a major hurdle for the start up and seasoned business. Today’s economy is all over the place and conventional semi truck lending has dried up at numerous banks. Tractor trailer owner operators can obtain and find unique financing and leasing in the secondary markets where there are sizeable repossessions and off lease over the road trucks to be secured for acquisition. Due to a contracting economy, many financial institutions have excess inventories on their books that they have to put back on the street. These in-house inventories are non income producing, therefore putting pressure on the bank to make a arrangement with the purchaser. These deals can be originate in the price, the lending or a combination of both. Some banks are offering repossessed and off sleeper cabs in the repo market with a minimum credit score of 550. This gives the startup and/or seasoned business a second chance lending chance to start and/or expand their fleet with bad credit. This opportunity would have never existed in the past. REQUIREMENTS OF THE PROGRAM Credit scores must be 550 or higher Discharged bankruptcies up to twelve months Financing up to $60,000 Lease to Purchase with 10% buyout Trac Lease only Special finance program for drivers with less than two years owner operator Experience UNABLE TO QUALIFY FOR Back child support with no payment plan Tax Liens The applicant must have a minimum $4000 down payment All Big rig trucks for sale in this unusual program are 2004 and newer. Check out the remaining Warranty information on these tractor trailers The types of semi trucks, over the road trucks, and big rigs we are talking for financing are : Peterbilt, Kenworth, Freightliner, Mack, International, Volvo This lender isn't going to insist on full documentation packages. This lender comprehends the current economic conditions and will work with the applicant to make an acquistion and lending deal completed. The dealership is in the midwest and works with the start up applicant as well as a experienced business in search of to expand its fleet..The buy out clauses to take title to these tractor sleepers are accommodating to make these opportunities workable. In conclusion, this is a buyers market for owner operator trucks, and trailers, . Check out all the opportunities in the market and make sure that you have a stable income base to assume whatever obligation that you may occur . Happy hunting for your acquisition and related semi truck, over the road truck, and big rig financing and leasing.
Article Source: http://www.articlecontentprovider.com/articlesubmit
Semi Trucks, big rig trucks, tractor semi, tractor trailers, sleeper cabs are for sale with related financing and leasing can be a major obstacle for the start up and seasoned business. Today’s economy is all over the place and conventional tractor semi lending has dried up at many lending institutions. Over the road owner operators can get and find exceptional financing and leasing in the secondary markets where there are sizeable repossessions and off lease semi trucks to be secured for ...
J.M Luna has over thirty years experience in the financial field. This includes accounting and taxes, leasing, hard asset money and commercial lending. U.S Corporate Capital Leasing assists the start up and seasoned business for financing in all different fields. http://www.cclgequipmentleasing.com/semi_trucks.htm http://www.cclgequipmentleasing.com/trader.htm
Please Rate this Article
5 out of 5 4 out of 5 3 out of 5 2 out of 5 1 out of 5
