Tag: truck purchasing

Channel 19

'WTF' stresses service for long-term success

Watch This Freight's owner Jesse McGinness has purchased the first Class 8 in his 11-unit otherwise hotshot fleet. A black-rimmed flattop 2021 389 spec'd for heavy haul wasn't part of his five-year plan when he launched the company four years ago.

January 14, 2021

Business

As coronavirus grips economy, lenders offer some forgiveness for missed truck payments

Some lenders are offering owner-operators and small fleets temporary relief from monthly truck payments as COVID-19's impact ripples through the industry.

March 20, 2020

Voices

Sharing the burden of a new-truck payment

Owner-operators Montgomery Morgan and Joe Huggins talk about the legacy of Don Morgan's 1992 Kenworth T600 and sharing the burden of a new truck payment.

February 6, 2020

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 “and 1-3-truck operators, regardless of their credit score.” For all with three trucks or less, it’s gotten more expensive to borrow money.

January 17, 2020

Business

Western Star, Daimler Truck Financial offer down payment match for military vets

The program offers U.S. military veterans up to a $2,000 match on a down payment on a new Western Star truck financed through DTF. Canadian veterans are eligible for a $3,000 Canadian match on a down payment through DTF.

May 1, 2019

Overdrive Extra

Time to require good-faith disclosures in lease-purchase agreements?

Owner-op Clifford Petersen asks whether it’s time for an update to the Truth in Leasing regulations to cover good-faith disclosures in lease-purchase contracts: “Maybe it’s time to make a stand and start eliminating predatory practices within our industry.”

January 15, 2019

Business

Truck values holding at best rate in at least two years

According the January Black Book Market Insights report’s section (p. 6) on heavy-duty vocational, over-the-road and regional-haul trucks and tractors, the most recent full month of data showed used-truck values on average declining at the lowest rate in at least the last two years.

January 9, 2019

Custom Rigs

Richard Baulos’ ’12 Volvo expediter’s retirement sale-in-progress

Interested parties can find a list of specs and contact info in the shots from the truck lot at the Expedite Expo below.

July 23, 2018

Business

Arrow Truck Sales relocates in Cincinnati

Arrow Truck Sales and TNT Services will share the new Cincinnati facility. The new location will offer customers access to a wide-range of trucks & trailers.

June 21, 2018

Business

Volvo’s new online configurator for VNL, VNR

The online custom truck configurator features the eight Volvo VNR and VNL models, each best suited for different applications. More information here on Overdrive.

May 11, 2018

Business

New purchase: Independent jump-starts transition with 2018 Pete

Albuquerque, New Mexico-based owner-operator Salvador Solis bought his 15-liter Cummins-powered 2018 Peterbilt 389 just this year, and speaks to the attraction of a new vehicle for the peace of mind that comes with factory-extended warranties on offer from truck makers and their dealer partners.

April 11, 2018

Business

New purchase: Trucking under warranty until retirement

Jerry Boyd, leased to Bennett Motor Express, last month was on the verge of trading his 2016 ProStar for a new truck to close his trucking career under a five-year 500,000-mile warranty.

April 9, 2018