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TRUCKS' PURCHASE * USA - Ports OK Daimler Lease-To-Own or Borrow To Buy Finance Plans
Long Beach,CA,USA -The Cunningham Report -20 Sept 2008: -- Port of Long Beach and Port of Los Angeles commissioners voted Thursday to approve three-year Clean Trucks Program loan and lease-to-own agreements with Daimler Truck Financial that will help trucking folks buy 2007-compliant diesel or alternative fuel vehicles... The contracts were negotiated over several months by the two ports and the company. Due to the differences in their programs, each port approved its own contract with Daimler. In Los Angeles, only licensed motor carriers are eligible for the program. In Long Beach, the program is open to both companies and owner-operators... The two ports will guarantee all leases in case of default... In addition to the lease-to-own program, a trucking company (or owner-operator in Long Beach) can choose to just take out a loan for a truck. They are not obligated to go through Daimler to do so, but only to give the company the right to first review. Purchase loans will not be guaranteed by the ports...
Labels: trucks purchases incentives
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