Before you look for a financing partner, you’ll need to assess what kind of financing partner will best answer your asset needs.
Last week, Monitordaily published a blog by Ray Ellingsen, Vice President of Syndication & Operations for AmeriQuest Transportation Services, titled “Financing Truck Fleets: One Size Doesn’t Fit All.” Ellingsen makes it clear that answering ten important questions should be the first step asset managers take before seeking the right financial partner, whether that be a bank, OEM, finance companies, or privately owned fleet optimization firm.
Among the questions to ask and answer are:
What is your business type? Private fleet or dedicated carrier?
What is the size of your fleet?
What finance/lease structures best support organizational financial goals?
Read the full blog to see all 10 questions, as well as a description of each type of finance partner.