Trucking companies are leaning toward buying used vehicles now that supply has gone up and prices have gone down. Several years ago, fleets often used leased trucks, but now a lot of contracts are up. Many trucking companies have gone out of business, and banks are taking their equipment. This has added an abundance of used trucks and equipment to the market.
Experts say that formerly, a buyer could purchase two used trucks for the price of one new truck. Now, you can purchase three used trucks for the same price value. Many used trucks have better engines than before, and some fleets are looking into buying used equipment for the fist time.
If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661 today.