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What you need to know before selling your used commercial trucks?

Why is selling your used commercial trucks a good choice? There are a number of reasons to sell used commercial vehicles including wear and tear, upgrades and financial gain. Though investing in a commercial truck may be expensive, with both purchasing and maintenance costs, you can potentially reclaim a portion of your initial expenditure if you decide to sell the vehicle. Moreover, if your truck is no longer profitable due to its operating costs, it is important to turn over your used commercial truck for sale. You can also consider selling your vehicles if you have to upgrade to a better model for more efficiency. 4 reasons to sell a used commercial truck What should you do to sell your used commercial trucks? How to find buyers for your used commercial truck? The ideal solution to find a buyer is to list your used commercial trucks on digital marketplaces with necessary information and documents. You can also find buyers in your area and beyond through word-of-mouth, traditional advertising, or digital media. Moreover, finding buyers through a broker or an agency specializing in commercial truck sales is also a good option.  Let’s Wrap Up! The need to sell used commercial vehicles can depend on a number of factors including wear and tear, upgrades and financial gain. You can set up your old trucks for sale if there is a high maintenance cost, less fuel efficiency, more resale value and wear and tear. There are multiple ways to find buyers when you set up your used commercial trucks for sale including digital marketplaces, advertising and brokers or agents. All you have to sell used commercial vehicles is to calculate the price, collect the documents, ensure truck maintenance and an escrow service for secure transactions. Axlerate is a unified platform for Logistics management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services. 

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5 things to consider while buying used commercial trucks

How to determine if a used commercial truck is right for you? Logistics owners, fleet managers and truck owner-operators often buy a new truck when they have to replace the existing truck due to wear and tear or to upgrade. However, buying a used commercial truck can be equally beneficial in terms of less depreciation, initial cost savings, performance capabilities and a wide range of models. Therefore, if you are on a budget and require multiple trucks to maximize productivity, finding old commercial trucks for sale is the ideal solution. There are a number of benefits of buying used commercial trucks. For instance, you can buy a pre-owned commercial truck with better features and efficiency for an affordable cost than to buy a new truck with less features and efficiency as top models cost a lot more than the basic models. Moreover, the moment new trucks hit the road it depreciates in value while second hand commercial trucks can be resold for the same price or a little lesser than what it was bought for during the sale.  Where can you find used commercial trucks for sale? There are a wide range of options for second-hand commercial trucks that it can be difficult to know where to invest your money. To ensure that you are buying from a reliable source and getting a quality vehicle, it is important to do your research on each dealer before making any purchase. You can find dealers within your locality through mutual contacts or find dealers across the country through other sources of information available in advertisements or on the internet. Moreover, you can also locate the right truck dealers by utilizing the service of a broker or agency that specializes in connecting buyers and sellers of commercial trucks in return for a commission. However, you can also find used commercial trucks for sale on online platforms with all the required information, a simple booking process and multiple payment options. 5 things to consider while buying used commercial vehicles There is a list of things you should know before buying used commercial trucks including available options, truck history, overall expenses, documentation, insurance and warranty. Why should you use an escrow service to buy used trucks? The best solution to secure a successful transaction when buying used commercial trucks by utilizing an escrow service. Escrow services act as a reliable third-party, ensuring all payments are exchanged on schedule and that any goods promised during the deal arrive promptly. For instance, you can utilize AxleEscrow to have secure transactions for pre-owned commercial trucks. Let’s Wrap Up! Buying used commercial trucks has its set of advantages including less depreciation, initial cost savings, performance capabilities and a wide range of models. You can buy pre-owned commercial trucks from dealers nearby or across the country, or locate dealers through a broker or agency and even buy old commercial trucks for sale on an online platform. However, you should consider a few things before buying second hand commercial trucks including available options, truck history, overall expenses, documentation, insurance and warranty. You can always use an Escrow service to ensure secure transactions. Axlerate is a unified platform for Logistics management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.

What you need to know about buying used commercial trucks?

Understanding the used commercial vehicle market The impact of the pandemic on the logistics industry resulted in a production gap. The International Organisation of Motor Vehicle Manufacturers (OICA) released data in 2020 that showed a decrease in global automotive production by 16%. This significant drop resulted in fewer than 78 million vehicles being sold, marking the lowest sales levels since 2010. Therefore,  one of the existing trends in the logistics sector is to buy used commercial trucks. There is a steady rise in the number of used commercial truck buyers owing to several advantages of buying pre-owned trucks used for commercial purposes. Why should you buy used commercial trucks? What to look for when you buy used commercial trucks? How to buy used commercial trucks? In order to buy used commercial trucks, you can do your own research on the used commercial truck dealers available near you or even dealers miles away from you with a good reputation of selling used commercial vehicles. You may also use the help of a middleman or an agency that offers services related to connecting truck dealers and buyers. However, the best solution to buy used commercial trucks is to use an escrow service. Escrow services act as a middleman between the buyer and the seller to ensure timely payments and the delivery of goods. Therefore, using an escrow service to buy used commercial trucks will prevent any discrepancies in the future. Let’s wrap up! The logistics industry is seeing a steady increase in the number of used commercial truck buyers compared to those who prefer new vehicles. Pre-owned trucks used for commercial purposes have advantages including reduced costs, less depreciation and warranty. Cheap commercial trucks for sale are available and all you have to do is check the vehicle history, compile purchase documents and ask for after-sale services. Using an escrow service will be the ideal solution to buy and sell used commercial vehicles as it ensures timely payments and delivery of goods. Axlerate is a unified platform for Logistics and transport management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.

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The benefits of using Escrow Services for business transactions in Logistics

Understanding the payment risks involved in logistics Logistics is a huge industry that involves exchange of goods and payments on a regular basis and is often prone to huge losses if there is a disruption in the process of receiving the goods or payments. A recent study conducted by GoComet, a multi-modal logistics platform, found that invoices from freight companies rarely match the final quotation. In fact, they discovered that 75% of surveyed logistics leaders said this is a common occurrence in their field. There are many reasons why businesses may struggle to get invoices paid on time, such as data entry mistakes, client disagreements and insufficient funds. Therefore, using escrow services for business transactions in logistics will be an ideal solution. How can you mitigate invoice disputes with an escrow service? Securing business transactions with solid contracts and agreements is the best way to ensure timely and accurate payments and delivery of goods. However, multiple transactions require a lot of tedious paperwork and time to draft contracts. Using escrow services for business transactions are beneficial as they help with quick fund disbursement and prevent fraud especially when there are last-minute changes in price or delays in shipment, as it could cause huge losses. Therefore, it is ideal to use a professional escrow service to ensure safe trade. Many digital escrow companies or online escrow services have emerged to provide a quick and easy service with a simple KYC process. What is an escrow service and how does it work? Escrow services are a great way for buyers and sellers to ensure accuracy and fairness in their exchanges. A commercial third party escrow service can prevent any potential discrepancies and ensures that both the parties involved receive what they agreed upon. Escrow services for business transactions in logistics is designed to help shippers, carriers and customers transact securely. It is a service where the parties connect and make a deal, send payments to the professional escrow service, deliver the product or shipments to the customer and then the escrow service releases the payment to the sender.  3 benefits of using escrow services for business transactions in logistics Let’s Wrap Up! The logistics industry involves an enormous amount of transactions on a daily basis for shipment of goods. Therefore, there is a high risk of payment disputes. However, utilizing professional escrow services for business transactions in logistics whether digital escrow companies or online escrow services helps with a simple process, quick fund disbursements and risk reduction. Axlerate is a unified platform for Logistics and transport management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.

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