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New Lease! 1989 Kenworth C500

This week we had a customer that wanted to lease a 1989 Kenworth C500 truck for $77k. We obtained the approval in short order and were in the process of signing documents with the customer when the deal fell apart. The equipment inspection revealed a number of mechanical problems with the truck. The customer still needed a truck and decided that a newer 2012 Kenworth C500 would be more appropriate. The cost of the equipment jumped from $77k to $260k. We flipped the deal over to a different funder and put together a 100% lease finance option with zero down over 48 months. We turned the whole deal around in four days.


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