Friday, June 13th, 2008
Peterbilt Motors Co. has rolled out its ComfortClass system in a 63-in. sleeper configuration, available for order on Class 8 vehicles that are equipped with a 63-in. Unibilt sleeper.
According to Peterbilt, the ComfortClass system provides a temperature-controlled environment and the capacity to run electronic devices in the sleeper without having to run the engine for up to 10 hours.
“The ComfortClass system helps ensure operator comfort by maintaining the desired temperature within the sleeper while the truck is not in operation,” said Landon Sproull, Peterbilt chief engineer. “It provides climate control performance as effectively as traditional systems, but uses much less energy to do so. It will provide up to 10 hours of HVAC, even with outside temperatures of up to 95 degrees, ideal for the typical off-duty period of an over-the-road operator.”
The 63-in. ComfortClass follows the introduction of the 70-in. sleeper ComfortClass last year, and both sizes will be available on Peterbilt Models 365, 367, 384, 386, 388, and 389, the company said.
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Friday, June 13th, 2008
There are many alternatives in obtaining startup Peterbilt dump truck financing. The first logical place to investigate your startup financing is at your local bank. This may be a pleasurable experience if you have many contacts at your local bank but most people usually don’t have these types of connections. The startup business must have at least high 600s on their credit scores and be prepared to go through a lengthly paper process. Prior year tax returns may be required, current personal financial statments needed and various other lending requests. The business startup is considered a high risk factor to the bank and must adhere to higher lending standards.
Most banks and financial institutions offer loan and/or lease programs. The difference is that the loan program transfers title at the end of the payment obligation, whereas the leasing component offers a rent type environment during the course of the lease with a buy out option at the end of the lease period to take title. Usually, the monies required upfront to acquire a loan are higher and eliminates many candidates. The Leasing arena requires anywhere from usually first and last payment to approximately 20% down on the cost of the Peterbilt dump truck depending on the type of industry requested.
On the startup loan and lease programs for a Peterbilt dump truck applicant, the applicant must investigate whether the bank and/or financial institution considers this a qualified asset which they will lend on. Most lenders like this type of asset but others may specialize in other industries such as medical and transportation such as limos, limo buses, ambulances etc. Some Lenders will only lend up to ten years based upon the age of the truck where others may extend beyond this parameter. Loans and leases usually run anywhere between 36 -60 months based upon the age of the dump truck.
The startup Peterbilt dump truck applicant is seeking a relationship with the lender. The front money to commence the lending vehicle, the monthly payments and the buyout clauses at the end of the lending instrument, if there is one, is paramount in making a prudent business decision. The amount of paperwork and hoops to jump through to get to end of the financing process are considered in the total evaluation process.
As we discussed above, there can be a lengthly paperwork process to obtain your start up financing. Recently, some of the lenders have changed their computer qualification models and require application only programs This means there are no income tax returns required, time consuming personal fianancial statments needed, and other key documents either prepared and /or requested. This program is usually geared for the seasoned business but there are start ups applications programs available. These application lending programs run as high as $100,000 for this start up program. It is important for the Peterbilt dump truck applicant to check out all the lending programs available. The collateral is the dump truck and usually no additonal collateral is required. The minimum credit score required for all Peterbilt dump truck applicants may run as low as 575.
The last thing you should be aware of is dealer/financing inventory programs. What this means, the lender has repos and/of a off lease inventories that they want to move for cash flow purposes. This financing arrangement is geared to the start up as well as seasoned business and may offer the Peterbilt dump applicant an execellent buying and financing opportunity.
Another option available for startup businesses looking for a Peterbilt dump truck is lending programs that require additional collateral. The start up applicant may have very poor credit, such as 550 or below. He also could have a recent discharged bankruptcy and/or judgements and liens that may be still outstanding. Most typical lenders will reject the dump truck applicant based upon these factors described above. If the applicant has equity in a house, free and clear title on vehicles and contruction equipment, certain lenders can put together a dump truck lending package to solve the road blocks to obtain the financing desired. Be aware that the rate factor and/or interest rate charged on these transactions which are typically very high.
When you are shopping for your Peterbilt dump truck financing, consider the following, the front money, the monthly payments, what collateral is required, and what the buyout clauses mean. Also, make sure you have a good source of income coming from a contract and/or other methods. Addionally, be aware that you are going to personally guarantee the transaction.
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Wednesday, May 21st, 2008
Peterbilt Motors Co. displayed its Model 320 Hydraulic Launch Assist (HLA), designed for stop-and-go refuse applications, at the 2008 Waste Expo this week in Chicago. The vehicle improves fuel economy, reduces emissions and minimizes maintenance service, the company said.“Municipalities were looking at this as a real practical application to step into the green world and reduce fuel, as well as wear and tear,” Jim Zito, national sales manager for Peterbilt, told FleetOwner.
The Hybrid Model 320 on display, which uses HLA technology developed by Eaton Corp., captures the trucks kinetic energy while braking to help launch and accelerate the vehicle, improving fuel economy and reducing annual brake re-alignment services, the company said.
According to Zito, final testing is currently being done and the Model 320 should be available later this year. At this time, the company doesn’t have immediate plans to expand the HLA beyond refuse, he added, although Eaton is looking at it for non-truck applications.
Tags: Peterbilt Hydraulic Hybrid
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