Partners in Business

TRY TO DEPART EARLY. Especially when bad weather poses potential delays, try to depart early. Leaving late gives you no time to recover from an unexpected storm and is the major reason for service failures – such as running out of hours on the morning of a delivery. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

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PLAN YOUR TRIP IN ADVANCE. Plan your trip and work out the timing in advance to get the most from your time. Ask for directions to every stop, or use mapping software such as Rand McNally’s Route Tools, ProMiles software or the website www.truckpilot.com. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

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TRY TO DEPART EARLY. Especially when bad weather poses potential delays, try to depart early. Leaving late gives you no time to recover from an unexpected storm and is the major reason for service failures – such as running out of hours on the morning of a delivery. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by the load-matching ...

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MANAGE COSTS OF TIME TO FUEL. The typical owner-operator carries 200 gallons of fuel or more, but buys only 100 gallons at a time and takes about 45 minutes per stop to fuel. Often it saves time to put 175 gallons in the tanks. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by and Freightliner Trucks.

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PIB TIP: SHOP FOR INSURANCE. Don’t automatically include insurance in the final contract of a truck loan. Shop around beforehand, and you may opt to buy it elsewhere. Also, don’t sign up for credit life or credit disability insurance, which covers your truck payments if you die or become disabled, automatically. You likely can get the same type of policy on your own at a much lower rate. The Partners in Business program is produced ...

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PIB TIP: CHECK FINE POINTS ON A LOAN. Don’t sign anything you don’t understand about a truck loan, and get a copy of everything you sign. When trading, don’t sign over the title of your truck until you take delivery of the truck you’re buying. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

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PIB TIP: GET FULL DISCLOSURE. Get full disclosure before you sign a finance contract. Make sure that the total price is clearly defined. Truth-in-lending laws do not apply to commercial loans, such as truck financing, so dealers do not have to give full disclosure, but most will do so if they are asked. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and ...

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PIB TIP: REMEMBER THE WARRANTY. When you are negotiating for a truck loan, make sure your dealership is able to service your truck and that warranty work and downtime will have the least possible effect on your driving time and miles. Get warranty agreements in writing and make sure you understand them. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is ...

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PIB TIP: SHORTER LOAN, LESS COSTLY TRUCK. The ideal loan term for a three-year depreciable asset like a heavy-duty truck is three or four years, during which you can reap the tax benefits of depreciation to maximize the affordability of the monthly payments. The shorter the term, the less you’ll pay overall due to interest. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services ...

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PIB TIP: LEARN TO BARGAIN. Never settle for the first quote when you are seeking a truck loan. In many cases, you can work with a reputable dealer and bring down the price of your new rig through negotiation or specification changes. If you’re buying a new truck, ask three of the best dealers to give you a complete breakdown of the truck price, including the list price for the chassis and every specification option, ...

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