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U.S. Corporate Capital Leasing Group Inc.
Peterbilt Semi Trucks, Tractor Semi, Over the Road Trucks For Sale, Dealer Financing UpdateIn today's economy, start up and seasoned businesses have an unique opportunity to acquire anattractive deal for any type of Peterbilt semi, tractor semi, over the truck for sale with dealer financing. 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 datagathering 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 Peterbilt trucks available across the United States. He is able to sort and sift throughthis vast data and should be able to find a truck, in any city and/or state across the U.S that meetshis acquisition requirements. Once he has located a source of Peterbilt over the road trucksavailable to him, he is able to contact these sellers and negotiate a deal that might be able to meethis needs. Once he is agreed to a price and its particulars, his next hurdle is to find adequatefinancing in today’s complex lending world of this commodity.The type of Peterbilt semi trucks we are identifying for this article is the following:Flat Top, Raised Roofs, Peterbilt 379, Peterbilt 387, Peterbilt 386 , Peterbilt 377Today, the financing arena for Peterbilt semi, tractor semi, over the road trucks has becomemuch smaller, especially for over the road trucks.. Lenders, in the past, that use to finance thisniche market have either pulled their portfolio funds out of this area or have modified its lendingrequirements. It is not unheard of today that a start up business must commit to a down paymentof between 10% - 30% of the acquisition cost of the Peterbilt over the road truck to enter thismarket. The seasoned business with good credit might be able to get in as little as one paymentdown plus documents fees but must have either A or B Credit. Other seasoned businesses thatdon’t meet these credit requirements, may be required to put up 10-20% down or either put upadditional 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 tothe market requirements of substantial monies due upfront, the conventional lender has modifiedhis risk/reward factor for the failure and possible repossession of these Peterbilt 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 increase of defaults on the payments of Peterbilt semis and all other trucks have risen toall time highs, the lenders have been taking back these trucks by the droves that are earmarked asrepossessions. This has caused a problem with normal lending practices and trying to balance itwith a non producing income portfolio. If these lenders don’t act swiftly and prudently, thecombination of these two type of portfolios can be damaging to the lenders’ bottom line. A thirdfactor to consider is the off lease truck. These Peterbilt semi trucks are being returned to thelender and they must act accordingly with this third factor.
By definition, a Peterbilt semi off lease truck has been returned to the lender as the lease hasexpired. The lessee has made a decision to return the item in lieu of exercising the buyoutoption. A repossession is different than an off lease because it has arisen due to a default of thelessee for non payment terms or a violation of the terms of the lease. Either way, the lender hastaken these trucks back and/and now must recondition these trucks and either sell these trucks or re-lease them.At the present time, the lenders have two different types of financing portfolios to consider andmust act accordingly. Normal lending on new business deals still require stringent lending practices based upon the credit markets and the risk/reward factors lenders perceive out there inthe financial markets. The second type of portfolio, for the off lease and repos, require possibilitya more lenient approach to liquidating their inventories prudently and recreating the incomestream for the lenders.
This will be discussed below
.Today, some of the lenders in the financial market have advertised personal credit qualificationsas low as 550, 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 towhatever 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.The buyout clauses on these over the road trucks can range from a $1.00 buyout to 10% to 20%,Trac leases to possible fair market value buyouts. One should understand these clauses becausethey have an impact on the passing of title.These favorable financial arrangements by the lender has stimulated the buyers wants and needsto either enter the trucking industry as an owner operator and/or possibility an expansion of aexisting business. First Time buyers, whom were locked out of this market in the past, now hasan unique opportunity to earn more revenue by acquiring a Peterbilt himself. Additionally, somelenders may offer favorable monthly payment terms vs standard lending to acquire their off leaseand repos vs. the buyer looking to acquire a truck at a dealership..In conclusion, this is a buyer’s market for Peterbilt tractor semi trucks. One should evaluate allthe factors relating to this acquisition including gas costs, air emissions, environmental typerequirements, buyout clauses acquisition costs and its related financing.Happy hunting for your Peterbilt semi truck, big rig, over the road truck acquisition and itsrelated financing… http://www.cclgequipmentleasing.com/Peterbilt_trucks.htm www.cclgequipmentleasing.com/semi_trucks.htm
(GOOD CREDIT NOT REQUIRED, START UPS WELCOME, LOW DOWN PAYMENT)
2000 PETERBILT 377
Stock Number
YN499188
Year
2000
Manufacturer
PETERBILT
Model
377
Price
Call 800-760-6863
Location
Georgia
Condition
Used
Sleeper
Double Bunk
Fuel Type
Diesel
Mileage
1,042,394
Engine Brake
Yes
Suspension
Air Ride
Number of Rear Axles
Tandem
MINIMUM DOWN PAYMENT, EZ QUALIFY, START UPS WELCOME
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Peterbilt Semi Trucks, Tractor Semi, Over the Road Trucks For Sale, Dealer Financing Update
Start up and seasoned businesses have an unique opportunity to acquire an attractive deal for any type of Peterbilt semi, tractor semi, over the truck for sale with dealer financing. The first option, for the buyer,…
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