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18
May

Equipment Financing vs. Leasing: What’s the Difference?

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Difference between financing and leasing

If you are thinking of taking out a truck loan, then you probably have some questions concerning the differences between equipment financing and leasing. The biggest difference between leasing and equipment financing is in the ownership. That is, when you lease a piece of equipment, then a vendor will allow you to rent it in exchange for monthly payments. This means you will not own the asset during the duration of your lease. Conversely, equipment financing serves as a collateralized loan that will provide you with the option to purchase the piece of equipment outright. In other words, once the…

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15
Aug

How to Buy a Reefer, Dry Van, Flatbed, or the “Right” Trailer in 5 Steps

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Buying flatbeds trailers can be overwhelming; there are so many different factors to consider. Fortunately, if you narrow down your options by following these five simple steps, you’ll have a much easier time deciding which trailer is right for you. When this is your livelihood, buying flatbeds or buying a truck are things that should be exciting, not a pain. These are the five things you’ll want to consider when buying a reefer or trailer. What will you be hauling? Before you can even begin looking at trailers, you’ll need to have a good grasp on the items you’ll be hauling. At the very least, you need to have a solid expectation of your average load. Different storage units are designed for different storage needs. For example, you might not need a high-tech cooling unit if you’re bringing salted beef across the country. But if you’re going to be driving…

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1
Aug

Protect Your Legal Rights After a Truck Accident

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Vehicle accidents can be a terrifying experience. When you’re busy making sure no one is injured and checking the damage to your car, legal concerns are often far from your mind. But if you’re involved in a truck accident, you should take steps to make sure that your legal rights are protected. These rights are especially important because they may determine whether your insurance company finds you at fault and the insurance payout you can expect to receive. Even though different areas may handle collisions differently, there are universal ways to ensure your legal rights are protected. Keep these steps in mind immediately following the truck accident, as well as in the weeks after it. Sign Nothing Without a Lawyer If the police department has issued you something to sign, you can probably sign it, however, you might want to have a lawyer look over it first, to make sure…

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