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Q: Peterbilt Truck ( Answered,   1 Comment )
Question  
Subject: Peterbilt Truck
Category: Business and Money > Finance
Asked by: sandrasarale-ga
List Price: $2.00
Posted: 21 May 2003 12:33 PDT
Expires: 20 Jun 2003 12:33 PDT
Question ID: 206924
I'm looking for a site that will value a Peterbilt truck that I'm
thinking of purchasing.
Answer  
Subject: Re: Peterbilt Truck
Answered By: cynthia-ga on 21 May 2003 13:41 PDT
 
Hi sandrasarale,

I have lots of information for you. I called Peterbilt and spoke to
Mr. Craig Kendall who is the "Corporate Used Truck Manager". I asked
him for the best way to determine the value of used Peterbilt trucks.

Here's his contact information and what he recommended:

Peterbilt Motors Company
1700 Woodbrook Street
Denton, TX 76205-7864

1-940-591-4087 - Craig Kendall's direct line at Peterbilt

1-940-4000 - Peterbilt (Main Switchboard)

1) Take the truck to a Peterbilt Dealer and ask them to do an
appraisal. Some dealers do this for free.

2) Contact a lender, someone who typically would finance
Peterbilts/Trucks (locate in the Yellow Pages), and ask what they
would LOAN on the exact truck you are considering purchasing. Then
compare the asking price to the amount a lender would loan.

3) Mr Kendall recommended two websites for determining value:

NADA Online
http://www.nada.org

Truck Blue Book - Primeda Price Digests
http://pricedigests.com/commercial/commercial.htm

4) Go to the Peterbilt website [ http://www.peterbilt.com ] and click
on "TRUCK LOCATOR" --from there you can locate trucks similiar to the
one you are considering purchasing and compare prices. It is also an
excellent resource for you to locate Used Peterbilt Trucks...

I hope this information will be useful to you, if I can help further,
don't hesitate to ask for a clarification before rating my answer.


--Cynthia

Search Strategy:
Peterbilt and "blue book"
Peterbilt and "resale value"
Called Peterbilt (VERY helpful Comapny)
Comments  
Subject: Re: Peterbilt Truck
From: neilzero-ga on 22 May 2003 10:58 PDT
 
Expect to put $1000 plus of your money into your truck project.
Lenders like you to have a big commitment to succeed as they don't
like to take posession of a truck because you get behind on the
payments. A detailed business plan, resume and impressive references
will often get you a lower interest rate and or a bigger loan. A
wealthy co-signer is even better for the lender.   Neil

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