Obtaining commercial finance for buying a truck
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Posted On :
Feb-03-2012
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Article Word Count :
493
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Commercial truck finance companies specialize in commercial truck finance, commercial trailer financing and specialty truck financing. Obtaining commercial financing for your commercial equipment is of the utmost importance. Some commercial trucks can cost upwards of $250,000.
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Commercial truck finance companies specialize in commercial truck finance, commercial trailer financing and specialty truck financing. Obtaining commercial financing for your commercial equipment is of the utmost importance. Some commercial trucks can cost upwards of $250,000. Not too many people have that much cash lying around. In order to obtain commercial truck financing for your purchase of a new or used vehicle, there are several things that you should take into consideration. First of all, if you’re in the market for a Class 7 or Class 8 vehicle, consider buying a used vehicle. Many of the bells and whistles that are alluring in the newest models can be found in many of the used vehicles on the market today and for a fraction of the price. By keeping the total purchase cost down, you are able to keep your financed monthly payments within a reasonable and manageable amount. The key is to balance the added expense of the new vehicle and the amount of extra revenue the added vehicle will generate for your business. Of course, if your cash flow is agreeable, buying a new commercial truck has its benefits as well. The newer trucks are often friendlier to our environment, tend to get better gas mileage and need less repair – all important variables to a fleet owner. Many of the commercial vehicle lenders have age restrictions on the equipment that they finance. Generally, used trucks must be 10 years or newer.
What good is a tractor without a trailer? Another area of expertise of commercial truck finance companies is commercial trailer financing. Again, some age restrictions apply. The industry standard for financed trailers is 7 years or newer. Whether buying new or used, you will want to be sure that the piece of equipment that you choose will best suit your company’s needs. Commercial vehicle lenders work in many different facets of commercial trailer financing, ranging from reefers to horse trailers to flat bet trailers.
Lastly, many clients have found a suitable commercial truck finance company by searching for a specialty truck financing company. Many commercial vehicle lenders are dedicated to financing all types of specialty trucks, or work trucks, to help keep your small and medium sized business moving forward and profitable. They can provide financing for dump trucks, water trucks, tow trucks, vacuum trucks and even street sweepers, just to name a few. A large majority of clients that obtain specialty truck financing are small to medium business owners that run local business that benefit their communities.
Obtaining commercial truck financing for buying a commercial truck, commercial trailer or a commercial specialty truck is not terribly difficult. Once you have picked out the equipment that you wish to purchase, call around to find a suitable commercial vehicle lender and let their commercial finance specialists take care of the rest! Commercial financing for your business is just a call or click away!
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Article Source :
http://www.articleseen.com/Article_Obtaining commercial finance for buying a truck_143408.aspx
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Author Resource :
Neil wilston was born on 10 September 1950. He is a vastly experienced blogger and writter. He has authored many articles dealing with commercial trailer financing and commercial truck finance. He currently resides in New York City.
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Keywords :
commercial truck finance, commercial trailer financing, specialty truck financing,
Category :
Business
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Business
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