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Tag: financing
Channel 19
Cost of truck financing has risen, even as owner-operator credit scores show improvement
Credit-score polling showed some improvement for owner-ops over five years, yet the hesitancy to extend various forms of credit at lower rates has grown most in recent years for new carriers with authority âand 1-3-truck operators, regardless of their credit score.â For all with three trucks or less, itâs gotten more expensive to borrow money.
January 17, 2020
Overdrive Extra
Capture 2020 vision with proactive attention to repair, operating and finance costs
âSuccessful owners throughout this past difficult year have an established business plan and operating procedures that enable them to be proactive with decision-making.â Also: How one got out from under a budensome lease payment to take title to the truck and reduce fixed financing costs in the bargain.
January 7, 2020
Business
Fleet survey probes tech-advancement challenges
A new survey conducted by TD Bankâs equipment-finance group at the April-held annual expo of the NAFA association showed more than half of the respondents naming new technology as posing the biggest challenge for the coming year.
August 5, 2019
Business
New credit card from Find Truck Service
The Synchrony company and Find Truck Service platform for locating road service have introduced an owner-operator financing solution in the form of a credit card that will be available through Find Truck Service as part of the Synchrony Car Care consumer financing program.
March 27, 2019
Voices
POLL: Independents, will sale of the business figure in financing your retirement?
Do you expect to be able to sell your business, including direct-ship accounts and other assets? How significantly do you expect the proceeds to figure in financing your retirement?
January 10, 2019
Business
ClearPath Financial: Evolution after 10 years
After beginning as a general equipment leasing business in 2006, ClearPath evolved into a specialization in financing both heavy construction equipment and commercial trucks, tailoring financing to ownersâ needs.
October 25, 2016
Business
New truck financing company opens, works with bad credit
The company uses a collateral-based approach to get deals approved, allowing them to rely less on credit scores.
April 28, 2016
Business
Buyersâ market: Comparing lendersâ offers
When financing a truck purchase, if youâre going to veer from a trusted financing partner like a bank for a better deal, donât neglect the fine print.
July 13, 2015
Business
Emissions system: Newer trucksâ potential handicap
Almost four in 10 owner-operators buying used trucks report emissions problems for 2010 and newer equipment, three in 10 for 2007-â09, as their biggest maintenance issue, underlining the importance of maintenance records in evaluating a purchase.
July 10, 2015
Channel 19
CARBâs âloan denial provisionâ less appealing by the minute
Details on proposed changes to amendments to CARBâs Truck and Bus Rule adopted earlier in the year â owner-operators have through Thursday, July 17, to comment on the changes.
July 15, 2014
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