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9
Sep

Things to Know About Truck Loan Requirements

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Things to Know About Truck Loan Requirements

If you would like to obtain truck financing, then you should know that obtaining a commercial truck loan is more complicated than getting a loan for a conventional vehicle. Many people quickly become overwhelmed by the number of rules, regulations, and general red tape involved in trying to get a commercial truck loan. However, it doesn’t need to be an arduous or confusing ordeal, as taking the time to review your options, and go over your financial data, will increase your chances of getting a truck loan. In some instances, you may need to go through some legal proceedings to…

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15
Sep

7 Reasons to Lease a Used Commercial Truck

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Many companies and self-employed people throughout Canada require commercial trucks in order to facilitate their businesses. Truck leasing has become a common if not preferred financing option due to the many benefits it provides, but perhaps what is most intriguing is that more and more of these leases are for used trucks rather than new vehicles. With that in mind, let us consider seven reasons to lease a pre-owned vehicle rather than one fresh off the line. Avoidance of Significant Depreciation Among the most daunting aspects of owning new commercial trucks is depreciation. Your new truck depreciates the moment you sign on the dotted line. A used truck, on the other hand, has already undergone that initial depreciation and is now just subject to the year-to-year devaluation. It’s worth mentioning that commercial truck leasing and vehicle leasing, in general, do account for depreciation to some degree but certainly not all…

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1
Sep

How to Boost Construction Equipment Productivity

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No matter what kind of project you’re working on, if construction equipment is involved, you’ll need to make important decisions about your efficiency. You need to decide when to buy versus lease a construction vehicle, what kinds of leases you should consider, and how often different equipment will be used. You also need to consider how to streamline your project for ideal construction productivity. If you follow these simple tips to handle your construction equipment, you should have an easier time understanding your needs and taking steps to meet them. Don’t buy equipment unless it’s used 70% of the time When you examine the fleet of construction equipment you have, you’ll want to take notes on which machines are being used the most. If you own a construction company, you’ll benefit from buying the machines that are in use at least 70% of the time. However, if you’re only doing…

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