Truck sales have been showing a steady decline for a while now. The Wall Street Journal posted an article in January that discussed how truck orders dropped 37% in December of ’15. A graph that they shared also showed how November unsold dealer inventories of heavy-duty big rigs was sitting around 57,000. That’s 57k trucks that were left to sit on dealership lots.
TransportTopics.com notes that sales of Class 8 trucks have fallen another 19.5% in May, which is a consistent drop over the past six months. There appears to be a continuation of this type of downturn for the market.
That said, now might be the time to get a great deal on a new truck for your business. With heavier inventory, dealers are going to be working hard to move these trucks. Financial Carrier Services can help you get the funding that you need for a new or used truck. Contact us today at 866-899-7080 and speak with Nikki who can help you get the deal you’re looking for.
Your One-Stop-Shop to Help You Move the World
Did you know that Financial Carrier Services is more than a factoring company? Contact us today to find out how our services can help keep you moving the world.
Whether you’re in the market for a new or used truck or if you’re researching factoring companies, Financial Carrier Services has what it takes to provide the service you need. We offer unlimited credit checks and can assure you that our factoring process is simple and efficient. Instead of waiting for months for an invoice to be paid, we can buy the invoice so you can keep your business running – and maybe purchase a new or used truck sooner.
If you’re shopping for a used truck, there are a few things you should know. Get in touch with the team at Financial Carrier Services today to learn more. We’re more than happy to help.
Know What You Need
What kind of loads are you going to be hauling? What kind of engine or driveline specs do you need? Rather than looking just at the price, look for a truck that fits your needs. There will be a wide range of prices and if you go with a great deal over a well-maintained truck, you may regret it. The good news is that Financial Carrier Services also provides warranties.
Know the History
Get as much information you can about the history of the truck, including a list of its scheduled maintenance visits. One of the biggest things to look at is the condition and history of the engine. Some trucks can drive up to a million miles under the right driving conditions, but the last thing you want is to buy a new semi-truck and then have to pay for an engine rebuild. Ask for this information before purchasing:
A copy of the maintenance record
When was the last oil change?
Who has been maintaining the mechanics of the truck?
Are there any parts that need replacing soon? Such as rear-ends or transmission.
Complete an inspection of the suspension, wiring, rear-ends, drive train, and transmission.
Has the engine had any previous issues?
Do Your Research
Before you make a purchase, you’ll want to get as much information as possible, especially if you aren’t buying from the previous owner. In some cases, a new truck will only be made to last for a short period of time – these are known as throw away trucks. Does the dealer offer an extended warranty? If you’re not sure that you’re getting a sturdy, reliable truck, and one with the required specs and features, don’t buy it.
Financial Carrier Services understands the financial and trucking industries and understands the needs of both business owners and drivers. We provide freight factoring services, warranties, and funding for new and used trucks.
While most factoring companies simply buy invoices, we strive to offer everything you need to keep your business running and growing. If you’ve been stuck waiting on an invoice to be paid and can’t grow your business, or even pay your drivers, then you need a factoring company who can do it better. Whatever your needs are, you can count on us to deliver. Contact Financial Carrier Services today to learn more.