In today’s economy, little and low money down is available on day cabs for repos and off leases with special dealer financing. At the present time, lenders/dealers are loaded with repo and off lease trucks and trailers. These inventories are disrupting them from continuing their normal selling practices. In addition, these huge inventories are hurting their working capital and related cash flow. Today, we are seeing dealers/lenders offering concessions on a combination of pricing and financing.

 Some lenders/dealers are offering special financing and low money down to commence a buying opportunity. These economic conditions have given the first time buyer a large opportunity to enter this market as an owner operator. This can enhance their earning potential and free them from the employer/employee relationship. On the other hand, businesses looking to expand their fleet can use this favorable opportunity to obtain additional trucks and trailers for very little down and favorable financing. Some lenders/dealers have waived strong credit scores as a criteria and will approve applicants for repos and off lease trucks that have credit scores below 525. All the lenders have different lending and financing options, therefore it is important to shop around and compare the information. In addition, the available repos, off lease trucks and trailers have been reconditioned and are ready to put back out onto the highways.

 One of the available dealer finance programs has around twenty day cabs for sale, requires a 575 or higher personal credit score. This special dealer/lender works with start ups and the front money is anywhere from 6-10% down…. Minimum paper requirements are needed in order to qualify for this financing..

Examples Of day cab trucks are manufactured by Kenworth, Peterbilt, Mack, Freightliner, International, Volvo, Western Star

 In conclusion, this economic downturn has created a buying and financing opportunity for the start up owner operator and the business that wants to expand its fleet. It is not unheard of that these lenders/dealers offer multiple units to a seasoned business for an expansion opportunity. These financing deals usually are for sixty months and offer buy out clauses from $1.00 to 20%. It is always advisable for the buyer to consult a professional before acquiring and financing a truck and/or trailer. Additionally, there are \new depreciation rules into effect for 2008 and 2009 that the buyer should be aware of …..

 Happy hunting for your day cab repo and/or off lease acquisition…

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