Monday, November 10th, 2008
Semi trailer trucks, or semi trucks for sale for short, have proven to be very versatile vehicles, with a multitude of uses besides transporting cargo. Since there are now semi truck manufacturers that produce different types of beds or attachments, you can now make use of one semi to do tons of tasks, and can be a great business venture.
Having a used semi truck for sale can be an excellent investment, especially if your business requires you to have a reliable mode of transport for inventory, machinery, and others. If you are considering buying a used semi truck and setting up your own trucking business, there are several ways for you to go about it. Below are five ways to finance a used semi truck, hopefully they’ll help you out.
1. In-house financing. Many used semi truck dealers will offer you in-house financing at a fixed rate. For example, companies like Volvo truck, Mack truck, Peterbilt truck, and others sell brand new semi trucks, but also offer used ones for sale. Since they dictate the price, they also decide on your interest rate, which is likely to be fixed already. You then have to determine a flexible payment term.
2. Is there a zero down payment scheme? Yes, there are many private sellers of used heavy equipment and semi trucks that provide no down payment or zero down payment options for clients with reliable credit. Usually a credit score of 650 or more is needed, so have your records on hand.
3. Finding low down payment terms. Semi truck prices vary depending on the model and year it was purchased. For clients who do not have a high credit rating, it still possible to get low down payment plans from sellers.
4. You can also opt to get a loan. Financing a used semi truck can be done through a bank or private lender, so you can get to pay your seller the full amount, then worry about paying your lender on a monthly basis. Loans from banks also have a fixed interest rate, and approval for amount is dependent on the credit score of the borrower.
5. Used truck auctions are also a smart way to get a used semi truck. You can check out sites online for announcements and inventories of available semi trucks up for auction in your area.
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Monday, October 20th, 2008
When you say truck rental, the biggest majority of us instantly think of a move it yourself truck rental company such as U-Haul or Budget Truck Rentals. But some of those same companies that you might associate with do it yourself movers also rent over the road semi tractor trailer combinations to individuals and companies who have qualifying CDL licenses. Budget and other companies have what they call their commercial rental divisions, where they handle truck rental and leasing to all manner of commercial enterprises.
The advantage of leasing trucks rather then buying can be substantial to many companies. Many companies need trucks only during particular times of the year, or on special occasions. It might be advantages to some companies to lease or rent trucks for tax purposes, or insurance reasons. For companies that want to make sure that their cargos get handled only by personnel that are qualified, leasing trucks is a big advantage, making sure that drivers are well informed about how to deal with special shipments when loading and unloading as well as while the shipment is in transit.
Other advantages for companies are flexibility and diversity of equipment, making it easier to match the right trucks or equipment to the right job. Fleet availability to move what ever needs moved without the hassles of maintaining fleet operations, such as maintenance facilities, thus helping to simplify budgeting and expenditures.
Many of the companies that offer leasing of commercial trucks offer 24 hour roadside assistance as well as offering licensing services that take care of your permitting and tax reports further saving time and money. Some even offer driver safety programs that can help to educate and retain driving personnel. Also driver education and safety programs can help to reduce costs due to equipment and cargo damage, thereby lowing insurance rates.
Some leasing companies have dedicated systems that can track each and every new or used truck while in route, helping companies to maintain critical transit time tables on important materials.
So if you company has need of trucks like Ford trucks, GMC trucks, Volvo trucks, Peterbilt trucks etc on a big scale or a small scale, it may be worth while to check into leasing or renting the trucks and equipment you need rather then hiring a trucking company or buying the equipment.
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Thursday, October 16th, 2008
Peterbilt has begun production of medium-duty trucks, delivering two production Model 335 hybrid diesel-electric trucks to VinLux Fine Wine Transport of Napa, Calif., a joint venture of Biagi Bros. and Jackson Family Estates. The company will operate the Peterbilt trucks in cities such as San Francisco.
The Class 7 Model 335 uses Eaton’s hybrid-electric power system with an electric motor that assists the Paccar PX-6 engine with supplemental torque for improved fuel economy. The system stores energy during stopping through a process called regenerative braking, then reuses it for acceleration.
Although the hybrid version costs 40 percent more than a regular Model 335, federal tax credits and the high price of diesel mean that VinLux can realize a return on investment in as little as two years. The tax credit, currently available through 2009, is up to $12,000 for the Class 7 335 hybrid and up to $6,000 for the Class 6 330 hybrid.
In a related development, Peterbilt announced a demonstration tour to allow prospective hybrid customers in the United States and Canada to evaluate the 2009 Model 330 and 335 hybrids for applications such as utility, pickup-and-delivery, and dump trucks.
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