Skip to content

Bank Owned Used Semis, Tractor Semis, Big Rigs, and Over the Road Trucks for Sale, Clearance Pricing, New Year 2011

2011 January 4

Bank Owned used semis, tractor semis, big rigs and over the road trucks are available for sale with clearance specials throughout the U.S for 2011. Due to a contracting economy, many lenders have excess used  semis, tractor semis, big rigs and over the road trucks inventories on their books that they need to put back on the street through special clearance sales. These in-house inventories are non income producing, therefore putting pressure ons the lender to make a used semi truck deal with the consumer. These special used truck deals can be found in the price, the financing or a combination of both.

Bank owned semi, big rig and over the road truck 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 repossession 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 used semi trucks back and now must recondition the items and either sell these items through special promotions or re-lease them. These bank owned semis will either advertise their inventory specials 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 isn’t moving, the lender may put these items up for auction.

For this article, the type of bank owned specials include used tractor semis, over the road and big rig trucks we are going to identify as potential deals for the customer are manufactured by the following

 Peterbilt, Kenworth, Freightliner, Mack, International, Volvos, Sterlings Etc

 Some of the ways the start up and/or seasoned business can locate these bank owned used truck 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 500, 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 used tractor semi, big rig and over the road trucks,  Check out all the special deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur.

Start out the new year with a bang. Happy hunting for your bank owned used semis, tractor semi,  big rigs, and over the road truck specials and its related financing.




 2004 Pete 379

cummins isx 500hp

EF 13 speed

323,797 miles

No comments yet

Leave a Reply