Off Lease and Repos Construction Equipment and Commercial Vehicles

Off Lease and Repos Construction Equipment and Commercial Vehicles
Off lease and Repos for Commercial Trucks and Construction
Equipment. Start Ups and Seasonsed Businesses

In today's unstable economy, the start up and seasoned
business has an unique opportunity to acquire an attractive
deal for off leases and repos for commercial trucks and
construction equipment. Due to a contracting economy, many
lenders have excess inventories on their books that they
need to put back on the street. These in-house inventories
are non income producing, therefore putting pressure on the
lender to make a deal with the consumer. These deals can be
found in the price, the financing or a combination of both.
An off lease commercial vehicle and/or construction
equipment has been returned to the lender as the lease has
expired. The lessee has made a decision to return the item
in lieu of exercising the buyout option. A repo has arisen
due to a default of the lessee for non payment terms or a
violation of the terms of the lease. Either way, the lender
has taken these trucks and/or equipment back and now must
recondition the items and either sell these items or
re-lease them. The lender will either advertise their
inventory through their internal sales force or outside
professionals such as brokers to move their inventories as
quick as possible. Sometimes as these inventories either
sit or whatever reason isn't moving, the lender may put
these items up for auction. For this article, the type of
items we are going to identify as potential deals for the
customer is the following:

Dump trucks, flatbed trucks, grapple and landscape trucks,
fuel and lube trucks, bucket and boom trucks, over the road
and day cabs, water trucks, tow trucks, box vans and
straight trucks, dry van and reefer trailers, end and
bottom dump trailers, flatbed trailers, backhoes,
bulldozers, crawler tractors, forestry equipment,
excavators, forklifts, and other type loaders. Builders
include Peterbilt, Kenworth, Mack, International,
Freightliner, Ford, Volvo, John Deere, Case, Caterpillar,
Kobelco, Great Dane, Etc.

Some of the ways the startup and/or seasoned business can
locate these deals are through trade publications, surfing
internet search engines, contacting lease brokers for
information and speaking to lenders directly. Some of the
lenders in the market have advertised personal credit
qualifications as low as 575, prior bankruptcy rules
amended or ignored and startups welcome. Additionally, the
front money to commence the lease can start as low as first
payment to whatever you might able to negotiate. Some of
the lenders have application only programs up to $250,000.
There are no financial statements, income tax returns or
bank statements required. In conclusion, this is a buyers
market for commercial trucks, trailers, and construction
equipment. Check out all the deals in the market and make
sure that you have a stable income base to assume whatever
debt that you may occur.

Happy hunting for your acquistion and related financing.

----------------------------------------------------
J.M Luna has over thirty years in the financial field. This
includes accounting and taxes, leasing, hard asset money
and working capital loans, and commercial lending. U.S
Corporate Capital Leasing Group can assist the small and
seasoned business in many different types of industries.
http://www.cclgequipmentleasing.com/lease_construction.htm
http://www.cclgequipmentleasing.com/DealerFinancing.htm