In today’s unstable economy, the startup and seasoned business has an unique opportunity to acquire an attractive deal for off leases and repos for commercial trucks and construction equipment. Due to a contracting economy, many lenders have excess inventories on their books that they need to put back on the street. These in-house inventories are non income producing, therefore putting pressure on the lender to make a deal with the consumer. These deals can be found in the price, the financing or a combination of both.

An off lease commercial vehicle and/or construction equipment has been returned to the lender as the lease has expired. The lessee has made a decision to return the item in lieu of exercising the buyout option. A repo has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks and/or equipment back and now must recondition the items and either sell these items or re-lease them. The lender will either advertise their inventory through their internal sales force or outside professionals such as brokers to move their inventories as quick as possible. Sometimes as these inventories either sit or whatever reason aren’t moving, the lender may put these items up for auction.

For this article, the type of items we are going to identify as potential off lease and repo deals are the following:

Dump trucks, flatbed trucks, grapple and landscape trucks, fuel and lube trucks, bucket and boom trucks, over the road and day cabs, water trucks, tow trucks, box vans and straight trucks, dry van and reefer trailers, end and bottom dump trailers, flatbed trailers, backhoes, bulldozers, crawler tractors, forestry equipment, excavators, forklifts, and other type loaders.

Some of the ways the startup and/or seasoned business can locate these deals are through trade publications, surfing internet search engines, contacting lease brokers for information and speaking to lenders directly.

Some of the lenders in the market have advertised personal credit qualifications as low as 575, prior bankruptcy rules amended or ignored and startups welcome. Additionally, the front money to commence the lease can start as low as first payment to whatever you might able to negotiate.

In conclusion, this is a buyers market for commercial trucks, trailers, and construction equipment. Check out all the deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur. Happy hunting for your acquisition and related financing.

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 The compact hydraulic excavator can be a tracked or wheeled vehicle with an approximate operating weight of 13,300 pounds. Normally, it includes a standard backfill blade and features an independent boom swing. The compact hydraulic excavator is also known as a mini excavator. A compact hydraulic excavator is different from other types of heavy machinery in the sense that all movement and functions of the machine are accomplished through the transfer of hydraulic fluid. The work group and blade are activated by hydraulic fluid acting upon hydraulic cylinders. The rotation and travel functions are also activated by hydraulic fluid powering hydraulic motors. Most types of compact hydraulic excavators have three assemblies - house, undercarriage, and the work group.

 The undercarriage of compact excavators consists of rubber or steel tracks, drive sprockets, rollers, idlers, and associated components and structures. The undercarriage is also home to the house structure and the work group. The work group consists of the boom, dipper or arm, and attachment. It is connected to the front of the house structure via a swinging frame that allows the work group to be hydraulically pivoted left or right in order to achieve offset digging for trenching parallel with the tracks.

 The purpose of the boom swing is for offset digging around obstacles or along foundations, walls, and forms. Another use is for cycling in areas that are too narrow for cab rotation. Another major advantage of the compact excavator is the independent boom swing. The backfill blade on compact excavators are used for grading, leveling, backfilling, trenching, and general dozer work. The blade can also be used to increase the dumping height and digging depth depending on it’s position in relation to the workgroup.

 The most common place you’ll find compact excavators is in residential dwellings. When digging phone lines or other things, these pieces of equipment are very common for getting between houses. Due to their small size, they can fit almost anywhere. Over the years, the capabilities for compact excavators have expanded far beyond the tasks of excavation. With hydraulic powered attachments such as breakers, clamps, compactors and augers, the compact excavator is used with many other applications and serves as an effective attachment tool as well. Serving many purposes, the compact excavator is a great addition to any job that requires the use of machinery.

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