Your accountant is correct, save your money have your business borrow instead. Alternatively, your business could find someone willing to lend money for 0% ... that person would be a sucker... You can earn more than you will pay for a loan. Home equity line of credit is one of the best ways. It also helps build business credit by having a registered loan.
Provinces outlawing gliders?
Discussion in 'Canadian Truckers Forum' started by Elroythekid, Dec 8, 2016.
Page 2 of 2
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
That finance guy is a idiot. Gliders when done properly, adhear to all federal regs and there are no provincial stipulations.
I spoke to a finance company last week who wouldn't finance a glider I'm buying. He said he was a big supporter of gliders but after a couple bad experiences, they quit doing it.
They had 2 separate gliders blow the motor and the owner couldn't cover it so it was repo'd. at auction a glider with a blown motor was worthless and Noone wanted them as it's such a niche thing so they lost boatloads of money.
This I can see happening. St Catherine freightliner does them and if you get a Detroit, it's a factory reman engine that looks 100% brand new. Winnipeg peterbilt is doing gliders but they are rebuilding the c15 6nz in house and you can tell. Looking at the motor, it looks like it's just a rebuild and my personal history with peterbilt rebuilds are not good.6rider, uncleal13 and Elroythekid Thank this. -
It is my understanding that there are a number of problems. I think it is BC that requires the driveline to all be from one serial numbered truck. In other words if you had a truck you could take those parts to the Glider builder and he would put them under a new cab. But ordering say Fitzgerald it will not be able to cross the border.
Elroythekid Thanks this. -
-
Older thread so I feel an update may help.
Well its 2 years later and many places in BC still building and selling gliders.
A company about 30 minutes away from me has been buying new Western star gliders for 3 years or so now, they got a new one just last week, specced out just how they wanted it. That is number 7 for them in the last 3 years, so obviously not outlawed.kevin7898, uncleal13 and Sirscrapntruckalot Thank this. -
I've talked to more drivers that had Fitzgerald rebuilt detroits that blew up than those that haven't blown up yet.
-
x1Heavy Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 2 of 2