If you do not see your equipment on the above list:
CALL US at 503-512-5007 M-F 9-5 PM Pacific Time Zone
The sleeper Truck Guidelines distinguish between Homeowners and Renters. The parameters require a minimum number of open tradelines, comparable debt, and specified time elapsed on prior foreclosures, repossessions, and charge offs on debt and/ or credit cards.
Lender requires that a GPS unit installed on any asset that moves. This includes: vehicles, trailers, and construction equipment. Exclusions are assets, other than vehicles that have a $30,000 value or less. For construction equipment: no asset having an invoice below $50,000 will require a GPS.
For vehicles, the price of a GPS unit is $313.95. For equipment, the price is $695. This cost can be financed into the payment. (example) a day cab GPS costs $6.54 a month.
Any used asset that is financed that does not require a GPS installation will require an Aspen verification. An Aspen verification is not required on new titled or non-titled assets, where the vendor/ distributor can be confirmed as the authorized seller. An Aspen verification is an external authorization process that carefully evaluates collateral. The unit in question is video- recorded and discernably checked on the following points during the verification:
Trailers and some non-mobile specialized equipment such as printers, machine tools, et al, may require a verification.
A flat fee of $200 is charged and must be paid by credit card prior to documents going out. If financing does not close the fee is non-refundable.
We allow a portion of the warranty on day cabs and sleepers up to $5500 to be financed over the term of the deal. The following is a list of approved warranty providers:
When a 2-year Truck Master warranty with 1-Year exhaust After Treatment coverage is included in the transaction, we will increase the age limit to 7 years old (2014 or newer) with a maximum of 700,000 miles. No other warranties from other providers can be used for the purpose of expanding the range on the acceptable age limit or miles clocked.