Tighten credit standards for truck purchases

Owner-operators face new challenges as lenders tighten credit standards for equipment purchases. T

Especially, start-up and one-truck operators feel the effects.

Many lenders require the owner-operator to have at least three to five trucks now before issuing a loan.

Furthermore, newer trucks with less mileage and a lower truck age are preferred.

To read more on the tighten credit standards, visit Overdrive Magazine.