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.
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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. -
Didn't write the guys name down. Called, woman answered, transferred me to a guy, said I was looking at a 2012 Columbia, he said Cascadia?, I said no columbia, it's a glider, he said sorry we don't do gliders, you probably won't get anybody to do it, their banned in some provinces, some provinces will "ground them". That's almost a direct quote. I started to ask where his info came from, he really didn't give me a straight answer. I cut my losses and said good by. I only went to them cause with my bank at home its a long drawn out process figured it would be quick and I was in Toronto. I came home today and will get it sorted early next week and go back ip I guess.
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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.
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That's well known for Fitzgerald. They used cheap off-brand parts in their shop rebuilds, rather than factory-spec parts from Detroit. When buying a Fitz, you only go for a factory reman motor, but otherwise they do good work.x1Heavy Thanks this.
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