Partners in Business

| March 28, 2012

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 ...

| March 14, 2012

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 ...

| March 07, 2012

PIB TIP: NEGOTIATING THE DEAL. Getting a serviceable truck at the lowest payment possible is your goal when you seek a loan. Before you head to the bargaining table, know how much you want to ...

| February 29, 2012

PIB TIP: SEEK CREATIVE SOLUTIONS. Some finance companies offer creative solutions to its customers. One option is a variable rate loan. Though most truck loans have a fixed interest rate, which means that you pay ...

| February 22, 2012

PIB TIP: FACTORS INFLUENCING INTEREST RATES. People who have good credit and a stable job history get the lowest interest rates. Also, people who live at the same address for a long time usually have ...

| February 15, 2012

PIB TIP: GETTING THE MONEY. Keep in mind that truck loan interest cost can easily consume up to 4 percent of your gross revenue. Interest rates can vary by two or three percentage points, even ...

| February 09, 2012

PIB TIP: LIST CREDIT REFERENCES. For submitting a business plan to a lender, list credit references, even if you don’t have a perfect credit history. Include present and past creditors. The Partners in Business program ...

| February 02, 2012

PIB TIP: DEVELOP A BUSINESS PLAN. A business plan outlines the details of your operation, including the types of freight you’ll haul, the traffic lanes you’ll run and the rate you’ll be paid. It lists ...

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