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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What are earth movers? Are they considered heavy machinery?

‘Earth mover’ is a bit of a misleading term as it has come to encompass any heavy machine that is used in construction, engineering and agricultural projects, from mining and excavating to bulldozing, farming and combat engineering.

Specially designed for construction and engineering tasks, earth movers are also called engineering vehicles and construction equipment, specific terms that fall under the broader category of heavy machinery.

What are some examples of heavy machines that are earth movers?

There are many examples of heavy machinery, or earth movers; all you have to do is look at a construction site and you’ll see various types of heavy machines, though you won’t necessarily know their names. Well known types of earth movers include: backhoes, bulldozers, cranes, skid-loaders, forklifts, tractor and combat engineering vehicles like tanks.

Less well-known heavy machines are excavators, scrapers, pavers, front loaders, feller bunchers, rotary tillers, drag line excavators, forwarders, harvesters, drilling machines, skidders, road rollers or roller-compactors, graders and more. The list of heavy machines and earth movers could go on, but you get a general idea of the types of engineering vehicles referred to as ‘earth movers.’

What tools do they use, if any?

Earth movers use a number of attachments and tools to make the operator’s job easier. These tools range from special attachments for knocking down buildings to shovels, tracks and wheels.

Specific tools used by heavy machinery like the earth movers mentioned above include blades, buckets, backhoes, jackhammers, hydraulics, tracks, wheels and other specific attachments that allow the heavy machines to do their jobs quicker and more efficiently.

What are earth movers and other heavy machines used for?

They are used for a number of applications, from agriculture and farming to drilling and mining. Specific areas of use include civil engineering, combat engineering, construction, earthworks, excavations, mining, waste and forestry.

Who makes heavy machines and earth movers?

A number of manufacturers and companies make heavy machines like earth movers, from the well known Deere & Co. to Caterpillar and Bobcat. Some major players in the field of heavy machinery manufacturing include JCB, Komatsu, CASE, Ingersoll Rand, Hitachi, Atlas, Daewoo, Volvo, Demag, Koering, Pierce Pacific, Poclain, Skaggit, Kubota, The Liebherr Group, O &K, Terex, Timberjack and Madill. Many others exist as well, and the heavy machine engineering industry continues to boom throughout the US and the rest of the world.

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