Tractor Bank Repos
Owner Operators, SemI Truck Drivers Needed for Off Lease an Repo Semi Trucks, Over the Road, Tractor Trailers, With Special Dealer Financing
Owner Operators and Semi truck drivers are needed to obtain off lease and repo semi trucks, over the road and tractor trailers from dealers and lenders throughout the United States with special dealer financing.
Whether you are a seasoned owner operator, a company semi truck driver or a semi truck driver whom has just obtained their CDL license, there are thousands and thousands of off lease semi trucks and repos waiting for you. These dealers have semi truck clearance sales every day trying to unload their inventory and assist their cash flow. The banks behind these deals are in the same situation, they must take these non income producing assets off their books and create positive cash flow quickly.
These economic conditions have created a waive of trucking opportunities which include semi truck, big rig trucks, over the road trucks, tractor trailers, 18 wheelers etc and enable the start up owner operator the same opportunity as a fleet owner..
The financing of semi truck dealer inventories aren't required to go through normal conventional bank requirements. They are structured similar to conventional lending but their requirements are more lenient. The paper requirements to acquire an off lease semi truck are more lenient starting with the personal credit income score requirements.
We have seen some programs that don't credit pull, reference driven, where other ones start as low as 550 for personal income credit qualifications. The lenders behind the dealer finance deals know that they must move these semi trucks but be prudent as well, a tough combination in today's environment. The down payment requirements, the front money, can be as low as no down to 15% down depending upon the dealership and its lender requirements.
The leases are from 30-60 months depending upon the age of the semi truck. Each semi truck has buyout options at the end of lease which require anywhere between $1.00 to 20% to Acquire title to the truck.
Usually, a filled out lease application, a copy of last years business/personal tax return is required, a hauling reference and possibility a filled out personal financial statement is all that is needed in order to get qualified. These requirements are a lot less than conventional financing and less time consuming.
The type of semi trucks, over the road trucks, semis, tractor trailers we are talking about in this article are manufactured by:
Peterbilt, Kenworth, Freightlner, Mack, International and Volvo
The semi trucks, big rig trucks, over the road trucks etc are brought up to D.O.T standards prior to release to the customer and warranties are available to the buyer for a price which might be able to finance.
In conclusion, owner operators, company semi truck drivers, new drivers are needed for these dealerships and banks to dig them out this whole which would be positive to the economy but also to everyone concerned.
Happy hunting for your semi truck, tractor trailer, over the road truck acquisiton and its related financing
About the Author
Rick has over thiry years in the financial field, including financing, leasing, working capital and hard asset money loans, and commercial lending
U.S Corporate Capital Leasing Group assists the start up and seasoned business for semi truck, over the road, tractor trailer truck financing.
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