Read Time: 3 Minutes | When it comes to purchasing a semi truck without breaking the bank, there are plenty of options. One of those options is financing. This route allows you to lower your upfront costs, financial risk, loan rates and terms, as well as minimize your spending. We are breaking down all these pros of financing budget-friendly semi trucks.
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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