Automotive Update in Haifa » Still

Finance and Lease Opportunities for Work and Commercial Trucks, Semi, Dump, Construction, Are Still Available

Mon, 01 Aug 2011 12:21:04 +0000

Finance and lease options for work and commerical trucks, such as semi trucks, dump trucks, construction trucks, boom trucks, car carriers, box trucks, concrete and cement trucks, day cabs, heavy duty trucks, logging trucks etc can be a acquisition and financing, leasing opportunity.

Today’s economy is all over the place and conventional work truck financing and leasing has dried up at many banks and/or lending institutions. Work and commercial truck owners can seek and find special finance and lease opportunities in the secondary markets where there are repos and off lease trucks to be secured for acquisition.

These acquisition deals and related finance deals are spread out from California to the East Coast and enables start up and seasoned owner operators an unique opportunity to acquire a work trucks, trailers and related items for little or possible no money down… Some dealerships are tied to local or regional banks for built financing on these trucks. The clearance of these work trucks and related trailers are paramount for these dealerships and banks to continue operations.

Some lenders offering repos and off work trucks in the repo market offer these trucks with a minimum credit score of 550. This gives the startup and/or seasoned business an opportunity to start and/or expand their fleet with bad credit. This opportunity would have never existed in the past. Other lenders offer no credit check but are reference and income driven to make sure they have qualified a good candidate to take over one of their over the work trucks.

The work truck financing and leasing doesn’t stop here, others lenders with good credit and time in business offer no down payments and up to 60 months to repay. This obviously gives the over the work truck owner operator an unique opportunity to acquire work truck financing. Other work truck financing. leasing programs start at 575 and the down payments can be anywhere from 6-10% down based upon the applicant and the specific work truck. In addition, if you are a cash buyer, there is large opportunity to acquire a work truck at a substantial discount…

.In today’s economy, we have even found reference driven lenders, credit reports aren’t considered as the main criteria for financing and leasing. Prior Bankruptcies can be a roadblock for many finance deals, however these lenders will look at them on a deal by deal basis and in most instances will not be a deal buster…All trucks are reconditioned and subject to your inspection prior to release….

The residual buyout clauses in these lenders can range from a .00 buyout to 15% residual buyout( Trac lease) So it is important to understand your buyout Clauses and the effect on your particular deal..

The types of work trucks we are talking for financing and leasing are built by:

Peterbilt, Kenworth, Freightliner, Mack, International, Volvo. Sterling, Ford, GMC etc

In conclusion, this is a buyers market for owner operator trucks, and trailers, . Check out all the deals in the market and make sure that you have a stable income base to assume whatever finance and lease arrangement that you may occur.

Happy hunting for your acquisition and related work truck finance and lease opportunity.

Ford, Still King of the Hill

Sun, 11 Jul 2010 13:46:15 +0000

Ford Motor Co. is determined to keep its reign as the “King of the Hill.” So far, this is the third decade that said automaker is holding the prestigious title in the pickup truck market.
Ford F-150 is the leading pickup truck for 30 years now. This year along, it has 133,000-truck lead over the nearest competitor. There are several attempts to dethrone the F-Series nonetheless; the attempts did not appear strong enough to topple the lingering success of the vehicles.
“Let’s remember that F-Series is the benchmark when it comes to trucks,” said Cisco Codina, Ford’s group vice president, North America Marketing, Sales and Service. “The competition has done some work to try to play catch up. We’ve been through competitive product reviews, of course, and we see that they have updated some things and have made strides. But we’re not sitting back. And we’re certainly not playing catch up. They are.”
According to auto analysts, to put a dent to the sales and reputation of F-150′s, the automaker’s competitors must concentrate on an expanded truck-buying target market. Analysts say that the success of Ford’s trucks can be attributed to many alliances with organizations like NASCAR, Cabela’s, Professional Bull Riders, the Professional Bull Riders, Home Depot, Monster Jam and Harley Davidson.
“Our alliance partners allow us to observe truckers and better understand how they live and work with their trucks,” said Ben Poore, Ford truck group marketing manager. “Many members of a group like the American Quarter Horse Association of the Professional Bull Riders drive our trucks. We know how our trucks work in a real environment because we are constantly out there getting feedback from our customers.” Car parts discount Ford F-150 pickup 99-03 boast quality and performance. Truck lovers want more torque hence; the automaker gives it to them. Ford F-150 truck parts, is now equipped with a V8 engine that can handle greater towing and payload capabilities. Further, F-150′s maximum tow rating is now up 600 pounds to a class-leading 10,500 lbs.
Ford admitted that the company is concentrating on marketing needs to heighten leadership in the truck market. “We are playing offense with Ford Trucks,” said John Felice, Ford general marketing manager, Marketing, Sales and Service. “We created more Ford Truck ads targeted at more diverse audiences than ever to continue increasing leadership by solidifying our base and going after new customers.”
Ford is also decreasing the suggested retail prices on the series up to $1,400 lower than this year’s prices. The new F-150 FX2 Sport comes in with a dazzling aura. It is equipped with power wheels Ford-150 and dark billet grille. To boost its style, it uses monochromatic paint scheme. Enhanced Ford F-150 headlights with platinum bezels and the sporty front valance add to the enigmatic charm of the truck.

Ford Still Deciding on the Fate of Volvo

Sat, 03 Jul 2010 13:55:24 +0000

The last time that Bill Ford has made an optimistic announcement was in 2005 wherein he cited Ford and Volvo engineers working together to produce new exciting safety features that will enhanced night vision and improved collision avoidance ability of vehicles.

Unfortunately after such announcement Ford’s finances have started to dwindle and has overshadowed the earlier full of hope message of Mr. Ford. Instead of the closer cooperation between Ford and Volvo that Mr. Ford has announced, the automaker with its new CEO Alan Mulally is mulling over the sale of its Sweden-based subsidiary. Bill Ford remains to be the Chairman of Ford Motors and unlike in the past wherein he always gives out public updates on the happenings within the company now he chose to keep quite and to give as few comments as possible on the family business.

The issue on the sale of Volvo has divided Volvo and Ford. But Ford has stressed that it has not engaged in any talks with any prospective buyers. Ford with all of its assets already pledged to creditors need to raise a huge amount to continue the production of new products and to realize their turnaround plan. The sale of Volvo is one of the plausible options that the automaker has since its one of their profitable brand.

The proceeds from the Volvo sale will be used to repay all of Ford’s debts and also to renegotiate borrowing terms since right now the automaker is finding it hard to find financial institutions that would loan them additional capital.

Rod Lache an analyst at Deutsche Bank has told clients last Tuesday that Ford has two very good reasons to get rid of Volvo. The first one is that the Volvo sale would simplify the recovery strategy and operating structure of Ford. Second, it would provide a source of extra cash for the restructuring of healthcare liabilities as part of the upcoming talks with the United Auto Workers’ union.

However the sale of Volvo the producer of Volvo 240 parts would signal the final dismemberment of Ford’s premier car business outside of North America which was formed in the year 1980s and 1990s.

Ford has disposed of Aston Martin earlier this year and last Thursday was the deadline set by the automaker’s financial advisers for interested buyers to give their bid for Land Rover and Jaguar. But for Volvo, Ford has not yet made any official announcement of it’s supposedly sale. This must be because of the fact that the Swedish automaker has been the most profitable part of the PAG plus it has made a significant contribution to the development of other Ford products.