Financial Relief due to COVID-19

Discussion in 'Car Hauler and Auto Carrier Trucking Forum' started by Kozakvod, Mar 18, 2020.

  1. Kozakvod

    Kozakvod Medium Load Member

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    Just curious if anyone who has their equipment financed has heard or been told that some level of financial relief might become available due to the impending down turn in the car hauling industry?

    We are financed through Continental Bank out of SLC. I haven’t spoken with anyone over there, but honestly Im not expecting much if any. I feel sure they won’t be offering any extensions.

    I know the down turn is just around a very short corner. Rental car companies have already stopped receiving new units. Many dealers have or are in the process of shutting down. The wholesalers I haul for have told me this may be their last week for a while. It’s not looking good.

    What are y’all thinking?
     
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  3. tnevin225

    tnevin225 Road Train Member

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    Yea I,m kinda in the same boat. I haul for Kohl's dept stores and this was probably be there last week and things are going to go dead after that,
     
    Kozakvod Thanks this.
  4. Kozakvod

    Kozakvod Medium Load Member

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    FLtoOKBound Thanks this.
  5. Nobroker

    Nobroker Light Load Member

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    I saw the big 3 are closing all production plants, 2 weeks or 30 days i dont remember. The checks help for an emergency but its not life as usual.
     
    Kozakvod Thanks this.
  6. Mid-May Trucker

    Mid-May Trucker Road Train Member

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    Yeah looks like youre stuck learning coding.
     
  7. Kozakvod

    Kozakvod Medium Load Member

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    I can weather the storm okay through April and struggle through May if I really tighten things up, but I certainly don't want to see just how far stretched I have to get.
     
  8. Nobroker

    Nobroker Light Load Member

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    No thanks my world would be a better place with fewer apps and websites.
     
  9. Kozakvod

    Kozakvod Medium Load Member

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    I know what you mean. I haven’t used a paper BOL in so long Im not sure I even know how to fill one out anymore.
     
    KANSAS TRANSIT Thanks this.
  10. Tropsnart

    Tropsnart Heavy Load Member

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    I handed my phone to a young lady at Enterprise to sign for a load this week and she look at me like I asked her to stick her hand in a glob of snot.
     
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