Spotlight News
Why the Equipment You Choose Matters
If you’re thinking about taking the next step toward ownership, one of the biggest choices you’ll make is the equipment you run. As Danny Vernon, Director of Truck Sales at Expediter Services (ES), shared in the latest Success in Trucking Podcast episode, that decision can shape your business long before you even turn the key.
“The truck you choose, and how you choose to finance it, can make or break your success as an owner-operator,” Danny explained. “Get it right, and you’re setting yourself up for stability. Get it wrong, and the costs can start eating at your profits before you ever hit the road.”
The Financial Realities of Truck Ownership
In today’s market, that’s especially true. Open-market financing for equipment is tougher than ever, with higher barriers to entry such as strict credit requirements and 20–25% down payments. Danny points out that for many, it’s not as simple as walking into a dealership and driving off the lot. “If you don’t have an established relationship, those doors can be hard to open,” he said. That’s where ES comes in.
How Expediter Services Opens the Door to Ownership
Through ES Truck Sales and our many programs, including our Path to Ownership (PTO) program, non-traditional lease purchase program, and traditional financing, we’ve built the relationships that give operators access to equipment and financing opportunities that might otherwise be a long stretch or completely out of reach. Our approach is built on relationship lending. ES takes the time to understand your business goals, your experience, and where you want to go. It’s about finding a path that works for you and then traveling with you; not just checking a box on a credit form.
For more insight on how market conditions impact owner-operators, check out our post on Navigating the Current Freight Market: Tips for Owner-Operators and Small Fleet Owners.
This episode also features a helpful FAQ discussion that answers some of the most common questions aspiring owners have about purchasing and financing equipment.
If you’re ready to explore ownership, don’t go it alone. Connect with our team at (877) 349-9303 to learn more about our many programs designed to help drivers like you take the next step with confidence and support every mile of the way.