Heavy Truck Finance Considerations
Heavy Truck Finance Considerations
The trick with truck finance is to leverage a bit of money into equity. Without equity a truck owner is owned by the truck. With equity the truck owner owns the truck. It is the bear in a cage versus a bear in the woods thing.
| BACKGROUND | |
| Equity is what you can get someone to pay, less the amount you owe. | |
| All things being equal buyers will pay more for equipment with higher percieved value. Quality and condition along with age are the value factors. | |
| Equipment with higher percieved value can sell itself. | |
| UPSHOT | |
| Buy equipment that historically has a high perceived value to the next potential owner and pay it down faster than it depreciates. If you take care of it, people are always searching for used quality equipment, so a sale, if necessary, becomes easier ...to an end-user or re-seller. | |
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