Second Chance Finance Option Available For Semi, Over the Road, Tractor Trailer Owner Operators

Second Chance Finance Option Available For Semi, Over the Road, Tractor Trailer Owner Operators

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Login

Email

Password

Remember me?
Lost Password?

Home Page > Finance > Loans > Second Chance Finance Option Available For Semi, Over the Road, Tractor Trailer Owner Operators

Second Chance Finance Option Available For Semi, Over the Road, Tractor Trailer Owner Operators

Edit Article |

Posted: May 22, 2010 |Comments: 0
| Views: 314 |

Second chance finance option is available for semi trucks, over the road trucks, tractor trailer owner operators. Second chance financing and leasing is available to start ups and seasoned businesses due to current economic conditions. Today’s economy is all over the place and conventional semi truck financing has dried up at many banks and/or lending institutions. Semi Truck owner operators can seek and find special financing in the secondary markets where there are repossessions and off lease Semi trucks to be secured for acquisition.

Due to a contracting economy, many lenders have excess inventories on their books that they need to put back on the street. These in-house inventories are non income producing, therefore putting pressure on the lender to make a deal with the consumer. These deals can be found in the price, the financing or a combination of both.

Some lenders are will finance repossessed and off semi trucks in the repo market with a minimum credit score of 550. This gives the startup and/or seasoned business a second chance financing opportunity to start and/or expand their fleet with bad credit. This opportunity would have never existed in the past.

REQUIREMENTS OF ONE AVAILABLE FINANCE PROGRAM

Credit scores must be 550 or higher

Discharged bankruptcies up to twelve months

Financing up to ,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 00 down payment

The types of semi trucks, over the road trucks, and tractor trailers we are talking for the finance program are :

Peterbilt, Kenworth, Freightliner, Mack, International, Volvo

In conclusion, this is a buyers market for owner operator trucks, and trailers, . Check out all the deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur.

Happy hunting for your acquisition and related finance opportunity for a semi truck, over the road truck, and tractor trailer….

Retrieved from “http://www.articlesbase.com/loans-articles/second-chance-finance-option-available-for-semi-over-the-road-tractor-trailer-owner-operators-2430079.html”

(ArticlesBase SC #2430079)

Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Rick Reed -
About the Author:

Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.

U.S Corporate Capital Leasing assists the start up and the seasoned business for the finance of semis, over the road and tractor trailers.

http://www.cclgequipmentleasing.com/semi_trucks.htm

http://www.cclgequipmentleasing.com/trader.htm

]]>
Questions and Answers

Ask our experts your Loans related questions here…

Ask