| Lease and Repos for Commercial Trucks and | | | | trucks, fuel and lube trucks, bucket and boom trucks, |
| Construction Equipment. Start Ups and Seasonsed | | | | over the road and day cabs, water trucks, tow trucks, |
| Businesses | | | | box vans and straight trucks, dry van and reefer |
| In today‘s unstable economy, the start up and | | | | trailers, end and bottom dump trailers, flatbed trailers, |
| seasoned business has an unique opportunity to | | | | backhoes, bulldozers, crawler tractors, forestry |
| acquire an attractive deal for off leases and repos for | | | | equipment, excavators, forklifts, and other type loaders. |
| commercial trucks and construction equipment. Due to | | | | A list to Builders may include Preterit, Ken worth, Mack, |
| a contracting economy, many lenders have excess | | | | International, Freightliner, Ford, Volvo, Western Star, |
| inventories on their books that they need to put them | | | | John Deere, Case, Caterpillar, Kobe co, Great Dane, |
| back on the street. These in-house inventories are non | | | | Miller, East, Warren, Dragon, Clement, etc |
| income producing, therefore this puts pressure on the | | | | Some of the ways the startup and/or seasoned |
| lender to make a deal with the consumer. These deals | | | | business can locate these deals are through trade |
| can be found in the price, the financing or a | | | | publications, surfing internet search engines, contacting |
| combination of both. An off lease commercial vehicle | | | | lease brokers for information and speaking to lenders |
| and/or construction equipment has been returned to | | | | directly. Some of the lenders in the market have |
| the lender as the lease has expired. The lessee has | | | | advertised personal credit qualifications as low as 575, |
| made a decision to return the item in lieu of exercising | | | | prior bankruptcy rules amended or ignored and start |
| the buyout option. A repos has arisen due to a default | | | | ups are welcome. Additionally, the front money to |
| of the lessee for non payment terms or a violation of | | | | commence the lease can start as low as first |
| the terms of the lease. Either way, the lender has | | | | payment to whatever you might able to negotiate. |
| taken these trucks and/or equipment back or now | | | | Some of the lenders have application only programs |
| must recondition the items and either sell these items | | | | up to $250,000. There are no financial statements, |
| or re-lease them. The lender will either advertise their | | | | income tax returns or bank statements required. In |
| inventory through their internal sales force or outside | | | | conclusion, this is a buyers market for commercial |
| professionals such as brokers to move their | | | | trucks, trailers, and construction equipment. |
| inventories as quick as possible. Sometimes as these | | | | Check out all the deals in the market and make sure |
| inventories either sit or whatever reason isn‘t | | | | that you have a stable income base to assume |
| moving, the lender may put these items up for auction. | | | | whatever debt that you may occur. Make sure you |
| For this article, the type of items we are going to | | | | understand the buyout clauses which may be $1.00, |
| identify as potential deals for the customer is the | | | | 10%, 20% fair market value or whatever the lease |
| following: | | | | stipulates. |
| Dump trucks, flatbed trucks, grapple and landscape | | | | |