| It can be quite difficult locating any good financing | | | | sometimes it may be a combination of both. What |
| opportunities in today's market for a truck semi trailer, | | | | happens is that customers will return off lease truck |
| as the more conventional methods of obtaining | | | | trailer rentals or perhaps their rented semi trailers, |
| financing, such as through banks and lending institutions | | | | because their leases have expired and they did not |
| have started drying up. It is next to impossible to find | | | | want to go with the buyout option that is available at |
| financing, much less good financing on any type of | | | | the end of the lease. Now the lender has to recondition |
| commercial truck trailer. Lenders have had to change | | | | the truck semi trailer or whatever was returned, and |
| their lending practices and that normally means the | | | | then they have to either re-lease them or sell them. |
| terms of a loan are out of reach for the average | | | | Some lenders will offer previous semi truck |
| consumer. This has caused many people to turn to the | | | | repossessions or off lease used flatbed trailers to |
| locations where repossessions and off lease trucks | | | | buyers with a very low credit score, some as low as |
| and trailers are, which is called the secondary markets. | | | | 525. This gives a new company the chance to start |
| Surprisingly, these secondary markets are actually the | | | | up or will give an existing business a chance to grow |
| same lenders that you were dealing with in the past, in | | | | and expand, even with bad credit. |
| most cases. It just so happens that many of these | | | | This kind of opportunity would not have even been |
| lenders now have an excess of inventory on their | | | | considered a short time ago, nor would lenders have |
| books and they desperately need to get those reefer | | | | offered a company or individual with good references |
| trailers, dump truck trailers and every other piece of | | | | or a decent income to finance a truck semi trailer |
| equipment back out on the road where they will make | | | | without having to go through a credit check. Perhaps |
| them some money. These in-house inventories are | | | | there was a time when lenders would have offered |
| obviously non-income producing, which puts pressure | | | | an extended period of time to repay the loan but it |
| on the lenders to make deals with consumers. | | | | would only have to been to someone with excellent |
| The deals offered can be either a lower price or | | | | credit, not fair credit. |
| perhaps a lower annual percentage rate, or | | | | |