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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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9
Dec

Tips on How to Finance Your First Food Truck

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Tips on How to Finance Your First Food Truck

If you are interested in financing your first food truck then you will likely seek out financial food truck tips in order to turn your dreams into reality. There are also many things that you should be aware of before you finance a food truck, as the terms and conditions may not be the same as those for a conventional truck loan. Here, we will provide a number of financing food truck tips so that you will be able to make an informed decision that will speak directly to your unique financial and food service needs. Crowd Funding Crowd funding…

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2
Dec

How Affordable are Truck Loans?

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How Affordable are Truck Loans?

If you are in the market for a new truck then you may be considering a truck loan to help finance your purchase. However, there are many things that you will need to consider before you invest your hard earned money into your new investment. Here, we will breakdown everything you need to know about truck loans, as well as provide some effective tips that may help you save both money and time so that truck ownership can become a marked reality instead of a pipe dream. Personal vs Commercial Truck Financing If you plan on using your truck for…

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14
Nov

What’s the Maximum Amount of Time You Can Finance a Truck?

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What’s the Maximum Amount of Time You Can Finance a Truck?

If you are interested in financing a truck, then you may be curious as to what truck loan terms you can take advantage of. Furthermore, some people may opt for longer terms, as they may feel that such terms will give them ample time to pay off the loan. However, in reality, long loan terms will come with higher interest. In fact, some terms can be so poor that you may end up paying more in interest than the value of the truck itself. Here, we will look at the maximum amount of time you can finance a truck and…

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7
Nov

Tips on Buying Pre-Owned Trucks

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Tips on Buying Pre-Owned Trucks

If you are in the market for a pre-owned truck, then you may be thinking about getting a truck loan in order to help finance your purchase. You may also be looking for some tips in order to buy a pre-owned truck, as you will need to be prepared before you make any final decisions. For instance, you may need to spend a few hours researching different features, prices, and truck types that are available for purchase. Here, we will focus on some of the most pertinent tips that you should follow before you buy a pre-owned truck. Understand Why…

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17
Oct

You Can Save Money by Leasing a Truck

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You Can Save Money by Leasing a Truck

If you are thinking of buying a new truck, then you are not alone. Every year, thousands of entrepreneurs purchase trucks because they want to be independent workers that get to travel, or may want to expand their transportation businesses. Regardless of the reason, truck leasing may be the best option for you, as it can save you more money in the long run. For those unaware as to what truck leasing consists of, it is the act of financing a truck without being required to buy it. It will be far less expensive to lease a truck than it…

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