Construction Equipment and Trucks, New and Used, Specials For Sale With Conventional and Off Lease and Repo Dealer Financing

Off lease and repossessed construction equipment, new and used, specials are obtainable for sale in this recession with conventional and off lease and repo financing. This economy has given the start up and seasoned business a remarkable buying opportunity. As the construction season has heated up, there are truckloads of construction trucks and equipment waiting forcustomers.

The best deals come in the form of cash buyers who can control their purchase price with the power of cash. Conventional financing is obtainable to businesses that have good and/or excellent credit.

The makes and models of used construction equipment and trucks include Caterpillar, Case, John Deere, Kobelco, Komatsu, Peterbilt, Kenworth, Mack, Freightliner, Volvo, GM, Ford Sterling Etc ,

Thekinds of equipment will are talking about include wheel loaders, excavators, backhoes, telescopic forklifts, dozers,

For those who have good credit, they have the chance to apply for application only programs. These construction financing programs offer the applicant financing on construction equipment and truck acquisitions with minimal paperwork. Usually the summary page of the last three months business bank statements plus the signed and dated application is the mandatory paperwork. The application only programs run up to $50,000 to $75,000. In addition, the applicant must be in business for a minimum of two years.

For those buyers looking for more than $50,000-$75,000, the banks require full documentation. These full documentation programs offer the applicant a great rate and flexible buyout terms. Below is the minimum requrements that the applicant must obtain in order to achieve this level of financing. Usually, lenders will go up to $250,000 or possible more of qualified new and used forklift financing.

General Credit and Other Paperwork Qualifications for Construction Truck and Equipment Financing

Time in Business More than Two Years
Personal Credit Score 650 or higher
Copy of your 2008 business tax return
Copy of the owners 2008 personal tax return
Summary page of your last three months business bank statements
A hauling reference
A copy of an invoice detailing seller information and complete specs on the construction truck and equipment

In this economy,financial institutions are looking for a healthy balance sheet with a decent average balance in the bank account for a seasoned business.

For the start ups and seasoned businesses, special off lease and repo used construction trucks and equipment is available for credit scores starting as low as 550.Also, the down payment monies are minimal and the financing requirements minimal. This is a huge chance for the start up and/or seasoned business for the opportunity to acquire used construction equipment and trucks.

In conclusion, construction truck and equipment financing, new and used, is available to qualified applicants. These special financing arrangements are available to good and excellent credit candidates. Usually the credit qualifications should be 650 or higher and they should be in business two or more years.

Also there are options for applicants without good credit. These involve secondary financing for repos and off lease equipment. The lender needs to move these inventories and great buys and financing can be located in this special area. The credit scores start in the low 500s and the down payments are minimal.

Happy hunting for your construction equipment and truck , new and used, specials for sale with conventional and or off lease and repo dealer financing….

Article Source: http://www.newsarticlessite.com

J.M Luna has over thirty years experience in the financial field. This includes financing, leasing, hard asset money and commercial loans. U.S Corporate Capital Leasing assists the start up and seasoned businesses for all its acquistion and financing needs. www.jaguarequipmentleasing.com/leaseconstruction.htm www.scribd.com/doc/36270393/Construction-Equipment-and-Trucks-New-and-Used-Specials-For-Sale-With-Conventional-and-Off-Lease-and-Repo-Dealer-Financing

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