The economy is great!
The-48th Ronin
I am interested in buying another truck (possibly 2) and I am running into the
strangest circumstances.
Conseco ( used to be green tree) has 13000 repod trucks but they are closing
their commercial credit division ( at least as far as truck financing). They
called me a week ago tyo see if I might be interested in picking up a repo
truck.... I spent 4 days getting lists from some of the dealers holding them,
and NO PRICES... several of the dealer all told me the same story..\Conseco has
not given them the price required to purchase the truck.. My conseco lady will
give me prices only if I ask about each item....Then theyreally want me to
outsourse the financing if possible....
Mercedes called me and told me I was good to get any repo truck I wanted with
5% down.... I have located some very cheap trucks (98 century class with 200,00
miles for 39000) they did not approve them when I did the paperwork but instead
the dealer shuffeled me off to a capitol investment company in California who
tried to get me to "lease with option" for 900 a month for 60 months (with a
buy out for 101 dollars at the end.... Sorry Charlie that comes to 24 percent
interst!!!!!! And a 5 year lease of a 3 year old truck????? NOT ME!
I asked the dealer why Mercedes didn't want to carry the paper and he claims
his 6 dealerships have not been able to get Mercedes (who owns freightliner) to
finance any truck in 2 months. Could this be true?
Western star is closing their new plant... (also mercedes owned) freightliner,
peterbilt, kenworth and even FORD have laid of 40 percent of their work force
and are closing plants for weeks at a time due to overstock... ( not to mention
crysler automotive etc.)
Now comes word dorsey trailers is bankrupt even with 4 months back order for a
new trailer?
What's wrong with this picture?
Rusty
Drive Safe
Owner Operators "get it done"
OOIDA your organization
http://www.marystruck.com
The-48th Ronin
di...@aol.comunist.uk (The-48th Ronin) writes:
>(98 century class with 200,00
>miles for 39000)
TYPO ALERT 200,000 miles for $39,000
GLC1173
>Has anyone financed a truck purchase >this month?
>I am interested in buying another truck >(possibly 2) and I am running into
>the
>strangest circumstances.
>Conseco ( used to be green tree) has >13000 repod trucks but they are closing
>their commercial credit division ( at least >as far as truck financing). They
>called me a week ago tyo see if I might be >interested in picking up a repo
>truck...
>Western star is closing their new plant... >(also mercedes owned)
>freightliner,
>peterbilt, kenworth and even FORD have >laid of 40 percent of their work force
>and are closing plants for weeks at a time >due to overstock...
Based on what I've been hearing at Petro near Burlington, North Carolina
(where I live) recently, I think you're seeing the inevitable next phase of the
troubled economics of the trucking industry - truck <I>manufacturers</i>
starting to go under, or at the least themselves getting into extremely serious
problems financially.
I hear Freightliner alone has 30 acres of repod trucks on a giant lot in
Georgia; I hear that - in all - thousands of tractors are being repod (or
turned in by unable-to-make-payments) owners monthly. That leaves heavy-truck
makers in their own crisis - their newly-made tractors having to compete
against very-depriciated-but-often-near-new ones they are trying to sell off
their repo lots. This means that tractor prices must drop.
All this is happening with record diesel prices - $1.629 at Petro here and
most places but California and the Northeast. If Algore succeeds in his coup
in Florida, diesel will soar over his global-warming obsession - so truckers
have the most at stake in stopping his coup, and a strike that cut off food,
gasoline, and Pampers to the places he got almost all his real votes from
(Northeast, urban Midwest, and urban California) until he conceded would do it.
<b><a href="http://www.alamanceind.com/editor/editor_11.html">Mobilizing the
nationwide trucker's strike that alone can end Algore's coup</a></b>
~~~~~~~~~~~~~~~~~~~~~
<B>Dissident news - plus immigration, gun rights, nationwide weather
<I> Al Gore - in his own words</I>
<A HREF="http://www.alamanceind.com">ALAMANCE INDEPENDENT:
official newspaper of the Vast Right Wing Conspiracy</A></b>
michael
companies have the same problem.
As far as the repoed trucks go I don't understand why freight rates haven't went up
with fuel cost and other expenses. If there is a shortage of drivers than that
means that there is a shortage of trucks. So if supply and demand means anything to
the trucking industry than rates should go up.
Why haven't rates went up with expenses?
I got a package shipped by UPS the other day and on the packing list it stated
"There is a tempory fuel sur charge of 1.25%." Fuel has went up a lot more than
1.25% so if one of the largest shippers in the world can't up their rates to off
set the
fuel increase than I guess their is a over supply of truck drivers and trucks, but
that doesn't make any sense either. Now I am confussed.
michael
michael
now with a driver than why are you trying to purchase another truck.
michael
The-48th Ronin
>
>I am not trying to be rude or anything but if you can't fill the trucks you
>have
>now with a driver than why are you trying to purchase another truck.
>michael
>
>The-48th Ronin wrote:
>
Actually all my trucks are running, I have 2 waiting for trucks,,,, What have
you seen that makes you think I have empty trucks?
Roger
BScott97
>As far as the repoed trucks go I don't understand why freight rates haven't
>went up
>with fuel cost and other expenses.
<snipped to>
>Why haven't rates went up with expenses?
>I got a package shipped by UPS the other day and on the packing list it
>stated
>"There is a tempory fuel sur charge of 1.25%." Fuel has went up a lot more
>than
>1.25% so if one of the largest shippers in the world can't up their rates to
>off
>set the
>fuel increase than I guess their is a over supply of truck drivers and
>trucks, but
>that doesn't make any sense either.
It's a common misconseption, or error in figuring to assume that because fuel
prices go up a certain percentage (or cents per gallon) that rates must go up
the same percentage (or same cents per mile) in order to cover that additional
expense. It's like comparing apples and oranges. A 50 % increase in fuel prices
does NOT equate to a 50% increase in the trucking company's total expenses.
Similarly, a 50 cent increase in the price of fuel does NOT mean the trucking
comany has to charge 50 cents more per mile to cover that additional expense.
How much an individual company must increase it's rates (percentage wise) to
cover a given increase in fuel price; Is dependant upon what their base rates
were before the fuel increase, and the fuel efficiency of their equipment.
I don't know that UPS's increase (from your example) would come close to
covering any recent fuel price increase.......but it's wrong to assume that the
% increase (in their rates) must be as much as the % increase in the fuel
prices.
Here's an example:
Fuel prices increase from $1.40 to $1.65 per gallon (an 18.6 % increase)
Co. A's equipment averages 7.5 mpg, and their rates pay them an average of
$1.25 for all miles travelled.
Their increased expense for the higher fuel price would be slightly more than
2.5% of their rates.......NOT the 18.6% increase in the fuel price.
Galen Schoenfuss
As a side note about the over supply of used trucks, I just read where
Millis Transfer is giving them to their drivers. From what I read, all
you have to do is to sign on to drive one of their 96 Freightliner
condos or Kenworth T600's for 2 years and 210,000 miles and they sign
the truck over to you. No strings attached.
Galen
GLC1173
Pretty soon the truck <I>manufacturing</i> industry will also collapse -
unable to compete with a glut of rather-new repo trucks on the market.
Freightliner alone has 30 acres of repod trucks down in Georgia; how the hell
can it sell new ones at (much) higher prices than all those very-depreciated
late-model repos it must also try to sell?
Clinton and Gore say the economy is great - but no workers have a bigger
stake in the Fiasco Of Florida than do truckers and workers in
truck-manufacturing plants. If Algore wins his coup attempt, diesel will soar
as a result of his global-warming obsessions - and if you barely make it now
with diesel at $1.629 in most places, you sure won't when diesel hits $3.
But fortunately truckers can also end Algore's coup - fast - by just parking
until he concedes; that will starve the fistful of big cities in the Northeast,
urban Midwest, and urban California where he got almost all his actual votes of
food, gasoline, and Pampers within a week, causing their (Democratic) mayors to
yell in his ear to concede immediately. And if you think you can't afford to
do this, ask yourself how you will afford to keep driving if he gets in and
diesel soars to European prices.
WO3
parking
> until he concedes;
That's right!! What the economy needs is a drug-sniffin', drunk-drivin',
spoiled-rich, low-IQ party boy as our next President.