Used Semi Trucks For Sale: Three Reasons Dealer Financing Makes Sense
Your business is looking to invest in a couple of semi-trucks for sale, and you’re probably wondering whether financing from a dealer is the most suitable option. While working with a traditional lender, such as an institution like a credit union or bank, is traditionally the most common method of financing Peterbilts used for sale, it’s not the only option. If you’re searching for a few needed parts for your dump truck or looking to invest in a whole fleet of flatbeds, using a reputable used truck dealer can bring significant savings.
1. Financing is a Part Of The Package
A full-service dealer that sells semi-trucks for sale will need to manage everything from loan applications to servicing and maintaining your vehicles following the purchase. Trustworthy dealers specialising in used Peterbilts available for sale or parts for trucks will be more than happy to design a financing package that includes everything from routine service checks to a trade-in price for your current vehicle. Through bundling services, dealers will be able to lower the price of used vehicles they have in their inventory and pass that savings to the customer. In many cases, you could even get an extra warranty and service contract added to your financing deal with no or minimal fee, thereby saving thousands of dollars.
2. Understanding the Value of Used Semi-Trucks For Sale
The banks aren’t typically knowledgeable about the details of the trucking business. Suppose you’re considering purchasing the dealer’s inventory specialising in the latest models of construction and vehicles. In that case, you’ll get information and advice from service personnel knowledgeable about the items they sell and determined to get you into the driving seat. They’ll go to great lengths to ensure you the best financing when you purchase. They’ll also know about the equipment you’re looking at and will be able to appreciate the worth of used semis. It’s not easy to deal with a bank that cannot comprehend why they used Peterbilts on the purchase or even dump truck components to sell costs the way they do. Don’t allow yourself to be shut down if you attempt to purchase used semi trucks because a loan agent doesn’t know the worth of the items you’re buying.
3. A Variety of Loan Options
The industry of transport can be extremely volatile. Slow months and seasonal routes are a major drain on your budget for operating expenses. If you’re applying for a loan through a dealer and you’re able to avail a wide range of loan options suited to the business’s ever-changing needs. Many banks will not give you the option to defer payments or adjust your schedule to improve cash flow in low demand months. However, dealers usually offer these incentives to attract your company to grow. You can also request TRAC leases, which allow you to purchase late-model trucks at an agreed-upon price after the lease.
The low down payment and the affordable prices for more than one lender are great reasons to contact your dealer before purchasing. With the variety of choices available, it’s easy to see why more businesses are choosing to finance their purchases when they come across used semi-trucks on the market.
