Truck Finance South Africa
Obtaining truck finance is a lot easier due to flexible finance options for owner/operators who may not meet stringent prime lender criteria. Owning and operating trucks or other heavy duty commercial vehicles can be an expensive exercise. Increasing costs for diesel fuel alone can force some truck operators out of business.
The goal of commercial truck finance is to make it easy for owner/operators to aquire finance to run a successful trucking business.Commercial truck finance, owner/operators need the best trucks available at the most affordable price. Manufacturers like Mack, Kenworth, Freightliner, Volvo, Peterbilt and GMC offer new or pre-owned tractor-trailers, flatbeds, cargo vans, cement mixers, and dump/tipper trucks through dealerships across the country.
A truck for a trucker is not only his bread and butter, but also a home away from home. Long haul truckers typically can drive eleven to fourteen hour nonstop stints on stretches of highway from coast to coast, not to mention cross-border runs.
Truck owner/operators are willing to invest in good quality new or used vehicles which guarantees efficient trips on short or long hauls without breakdowns or delays on scheduled runs. The better the quality of the truck, the faster the trip, and a faster trip means more money in the bank for truckers who make a living on the road.
Truck Finance lenders understands a trucker needs to keep overhead costs low in order to net larger profits on the road. A sluggish economy can be a formidable foe when applying for any type of business finance. If truck operators don't have a good credit and an established company with long-term customers, finding sources for commercial truck finance through conventional lenders can be difficult. A good business plan, direct contracts and work experience can be an advantage when applying for truck finance.