In today’s economic times, an opportunity to acquire a semi truck, big rig truck, over the road truck, tractor trailer through a lease or rent to own program may be a great solution for the potential owner operator. Many company drivers are seeking to acquire a semi truck, over the road or tractor trailer enabling them to increase their earning potential
These company drivers biggest obstacle is that their personal credit is poor, not enough money for a down payment and therefore not able to qualify for conventional financing.
In this recession, many dealers and lenders have excess off lease and repo semi truck inventories that they need to put back into their income stream.
These dealers and lenders have created other financing programs which enable the company driver to obtain a semi truck without a substantial down payment, good credit and minimum paperwork is required.
This special financing programs require somewhere around $3500 down, a CDL required, a copy of a recent utility bill and a hauling reference.
Additionally, the dealer and lender will not pull a credit report on the applicant on some of the financing programs.( Call for Details)
The owner operator can pick out their semi truck, over the road or tractor trailer out of the dealers inventory which usually has all different years, makes and models.
The owner operator will sign a contract anywhere between two years and up for a fixed amount and have an option to acquire the title to the semi truck at the end of the lease.
Each leasing program has different requirements so it is important you understand all the particulars of the contract and its requirements
In conclusion, even in these volatile economic times, the company driver or owner operator has a great opportunity to acquire a semi truck, over the road, tractor semi, tractor trailer through a lease or rent to own program to enhance their earning potential.
There are other financing and leasing programs available as well so give us a call or visit our website and send us an email so we can answer any questions you might have pertaining to one of our over the road truck financing programs.
Happy hunting for your semi, over the road, tractor semi acquistion and its related financing
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 assists the start up and seasoned business for all their semi truck, tractor trailer and over the road financing needs.