In EU a lease means the following:trucking co buys trucks thru a finance co.
Makes the monthly payments.
At the end off the term off the lease there is a balloon payment which is less then the worth off the truck.
So they pay the balloon but sell the truck asap.
Because there is very little capital locked up in the truck,this is the way all cash starved co operate.
Why do so many Americans hate European trucks?
Discussion in 'Trucks [ Eighteen Wheelers ]' started by snowbird_89, Jun 10, 2011.
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The cash and carry companies , cash flow is not a issue. They run a three year trade cycle . 1500 truck fleet buys 500 each year . One big check. If you do not have the cash , you do not carry. Wish more companies would work like that. Keeps from getting into trouble . No way to overextend your self.
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Another issue is that in the EU every truck will need a legal inspection every year. All important aspects of the truck will be checked, incl. the emissions.
However when the authorities do random inspections on the highway, many trucks have problems. The older the trucks are, the more problems they will have. Keeping an older truck in good condition is expensive, and in Western Europe labour costs are a large part of these expenses. In the Ukraine and other Eastern European countries, the wages are much lower, so for a truck owner there it may pay off to have more intensive maintenance costs for older trucks. -
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maybe but it is YU law , back then trucks were younger in average,
this apply too for taxi, buses, driving school cars etc.... -
Annual inspections are normal.
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How long you can keep an older truck running depends a lot on how many parts the main dealers hold. Here in the EU you will only get a Scania fuel filter from either Scania or an all makes parts place. In the past the US truck manafacturers would all fit the same engines and transmissions allowing a Cummins fuel filter to be obtained from any truck dealer. Sadly it looks as though you wil be in the same position as we are.
One thing I notice about the European cabover is how tlghtly packed the components on the chassis are. We can run 44 tonnes in the UK on 6 axles. There is very little room left either inside or outside of the frame.beltrans Thanks this. -
Sometimes I can see that old trucks were upgrade with newer parts.
I saw many engine swaps. but now if engine in old truck fails, no one fit engine with EGR ore DEF. All try to find pre EGR engine and use it -
rollin coal and Oxbow Thank this.
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