22 Oct 08 Off Lease for Construction Equipment and Commercial Trucks

In today’s unstable economy, the start up and seasoned business has an unique opportunity to acquire an attractive deal for off leases and repos for commercial trucks and construction equipment. Due to a contracting economy, many lenders have excess inventories on their books that they need to put them back on the street. These in-house inventories are non income producing, therefore this puts pressure on the lender to make a deal with the consumer. These deals can be found in the price, the financing or a combination of both. An off lease commercial vehicle and/or construction equipment has been returned to the lender as the lease has expired. The lessee has made a decision to return the item in lieu of exercising the buyout option. A repo has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks and/or equipment back and now must recondition the items and either sell these items or re-lease them. The lender will either advertise their inventory through their internal sales force or outside professionals such as brokers to move their inventories as quick as possible. Sometimes as these inventories either sit or whatever reason isn’t moving, the lender may put these items up for auction.

For this article, the type of items we are going to identify as potential deals for the customer is the following:

Dump trucks, flatbed trucks, grapple and landscape trucks, fuel and lube trucks, bucket and boom trucks, over the road and day cabs, water trucks, tow trucks, box vans and straight trucks, dry van Trailer and reefer trailers, end and bottom dump trailers, flatbed trailers, backhoes, bulldozers, crawler tractors, forestry equipment, excavators, Forklifts Equipment, and other type loaders.

A list ot Builders may include Peterbilt, Kenworth, Mack, International, Freightliner, Ford, Volvo, Western Star, John Deere, Case, Caterpillar, Kobelco, Great Dane Trailer, Miller, East, Warren, Dragon, Clement, etc.

Some of the ways the startup and/or seasoned business can locate these deals are through trade publications, surfing internet search engines, contacting lease brokers for information and speaking to lenders directly. Some of the lenders in the market have advertised personal credit qualifications as low as 575, prior bankruptcy rules amended or ignored and start ups are welcome. Additionally, the front money to commence the lease can start as low as first payment to whatever you might able to negotiate. Some of the lenders have application only programs up to $250,000. There are no financial statements, income tax returns or bank statements required. In conclusion, this is a buyers market for commercial trucks, trailers, and construction equipment.

Check out all the deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur. Make sure you understand the buyout clauses which may be $1.00, 10%, 20% fair market value or whatever the lease stipulates.

Tags: case, Caterpillar, dry van trailer, Dump Truck, Ford Trucks, great dane trailer, john deere, kenworth truck, Peterbilt, Volvo trucks

16 Sep 08 Different Types Of Biggest Dump Trucks

Maybe run a construction or mining company and want to maximize the efficiency of operations by being able to fill each dump truck with more waste and make fewer trips. Or maybe just curious because like mechanics, trucks, or strange records to tell buddies about over a couple of beers.

Why need to know is not necessarily important, but still want to know: what is the biggest dump truck in the world? Do really need the biggest dump truck or are just wondering?

If seriously want to purchase the biggest new or used dump truck in the world,better have one of the deepest wallets in the world. But if it will increase the efficiency of construction business exponentially, might it not be worth the investment, if can afford it?

Some truck manufacturers claim that the world’s biggest dump truck is actually the Komatsu 930E. The Komatsu 930E is in the running for the biggest dump truck in the world because it towers above the construction workers at 21 feet high, 26 feet wide, and 46 feet long.

The Komatsu 930E has a capacity of 319 tons and is designed with mine work in mind. It has max speeds of 40 miles per hour and a 2700 horsepower engine. It costs a mere $3 million. If think the Komatsu 930E is the biggest dump truck in the world, though,have another surprise coming!

The Komatsu  has been dethroned by the real biggest dump truck in the world, one which can reach top speeds of 42 miles per hour and has a 3550 horsepower engine. The biggest make of dump trucks may be the Caterpillar 797B, which clocks in at 25 feet tall, 32 feet wide, and 47.5 feet long.

The Caterpillar, the biggest dump truck in the world, can carry up to 345 tons of waste. Usually used in open put mining, this is one big dump truck that could make any construction or mining project much easier.

Maintaining the biggest dump truck in the world is no cheap endeavor. The tires alone are 13 feet tall and weigh four tons each—and need to be replaced every 35,000 miles or so at the cost of $40,000 EACH.

But if bought the biggest dump truck in the world,probably expecting that kind of maintenance cost. The Caterpillar itself costs between $4.6-5.7 million. The Caterpillar is so big that it will have to be shipped to in parts and assembled.

Tags: Caterpillar, Komatsu, truck manufacturers, Trucks, Used dump truck