Read Time: 3 Minutes | At Coopersburg & Liberty Kenworth, we offer credit-based financing on all of our trucks for sale. No matter the make, model, or year, any type of commercial truck can be costly. So much so that few people can afford to buy them with cash outright. Where it can get tricky is when people come in to make a purchase, but their credit is… not so good. If you don’t have the money to purchase a truck in full or the credit to secure a commercial vehicle loan, we have a few tips on how to finance with less-than-perfect credit.
Read moreRead Time: 3 Minutes | In truck financing, collateral is an asset pledged to secure a loan, giving the lender the right to repossess the truck if the borrower is unable to make payments. For buyers, understanding the role of collateral can clarify how financing works as well as its benefits.
Read moreRead Time: 4 Minutes | Whether you’re starting your career in trucking or expanding your fleet, one thing is certain — trucks are a major investment! For many, the most practical and accessible way to purchase a semi-truck is through a commercial vehicle loan. However, it’s important to know that qualifying for semi-truck financing involves meeting specific requirements. Let’s take a closer look at what you’ll need to secure the financing that fits your needs.
Read moreRead Time: 4 Minutes | Buying your first truck is an exciting step toward building your career, but navigating the financing process can feel overwhelming. From understanding loan requirements to finding the right truck to finance, there’s a lot to consider before you even get behind the wheel of your Kenworth. In this guide for first-time buyers, we’ll break down determining your budget, researching truck models, and making the purchase.
Read moreRead Time: 4 Minutes | When it comes to financing a commercial truck, there is a crucial decision to be made: buy or lease. Both options offer unique benefits depending on your business needs, budget, and long-term goals. But before signing any paperwork, understand the pros and cons of buying versus leasing to ensure you make the best financial decision for you or your business.
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