Office: (404) 975-4800

Bridgette

commercial truck insurance for small business

Everything To Know About Commercial Truck Insurance For Small Businesses

commercial truck insurance for small business

Hey there, small business owners in the trucking industry! Are you running a fleet of commercial trucks or considering venturing into this dynamic field? In that case, one crucial aspect you need to familiarize yourself with is commercial truck insurance.

It’s no secret that the road can be unpredictable, and protecting your business from potential risks and liabilities is essential.

Let’s delve into the world of trucking insurance, unravel its complexities, and provide you with essential insights to make informed decisions.

So, fasten your seatbelts and get ready to navigate the insurance landscape with confidence and peace of mind!

Commercial Truck Insurance For Small Business: All You Need To Know

Here’s everything you need to know when you purchase commercial truck insurance.

Types Of Commercial Truck Insurance

Understanding the types of commercial truck coverage is crucial for small businesses in the trucking industry. Each type of coverage addresses specific risks and liabilities, allowing you to tailor your personal auto insurance policies to the unique needs of your business.

By selecting the appropriate insurance coverage, you can protect your assets, comply with legal requirements, and confidently operate your small trucking business.

Here are the most common types of small business commercial vehicle insurance out there.

Primary Liability Insurance

Primary liability insurance is a legal requirement for all commercial trucks operating on public roads. It covers bodily injury and property damage caused to others in an accident where the insured truck is at fault. This insurance ensures victims receive compensation for their injuries or property damage, protecting your business from lawsuits.

commercial truck insurance for small business

Physical Damage Coverage

Physical damage coverage protects the insured commercial truck itself. It includes collision coverage, which covers damages from collisions with other vehicles or objects.

It also covers damages from non-collision incidents such as theft, vandalism, fire, or natural disasters. Physical damage coverage is critical if your truck has significant value or if you have financing or leasing obligations.

Cargo Insurance

Cargo insurance protects the goods or freight being transported by your commercial truck. It covers damage or loss of cargo due to accidents, theft, or other covered perils.

Cargo insurance is crucial for trucking businesses that transport valuable or sensitive cargo, providing peace of mind and financial protection in case of unforeseen incidents.

Non-Trucking Liability Insurance

Non-trucking liability insurance, or bobtail insurance, covers liability when the truck is operated for non-business purposes, such as when the semi-truck driver is off-duty or using the truck for personal use. This insurance fills the coverage gap that may exist when the primary liability insurance does not apply outside of business-related activities.

Motor Truck General Liability Insurance

Motor truck general liability insurance offers coverage beyond primary liability insurance. It covers bodily injury or property damage caused by non-trucking-related activities, such as when the driver is at a loading dock or engaged in other non-driving operations. This insurance protects your business from potential liability claims during trucking operations.

Trailer Interchange Insurance

Trailer interchange insurance covers damage or loss to non-owned trailers that a trucking company uses under a trailer interchange agreement.

White truck on road

This insurance is essential for rental reimbursement and when trucking companies interchange trailers with other companies or use trailers owned by others, ensuring that damages to the trailers are covered under your commercial truck insurance policy.

Umbrella Insurance

Umbrella insurance provides additional liability coverage that extends beyond the limits of your primary liability insurance. It offers extra protection against high-cost claims and lawsuits.

Umbrella insurance can benefit trucking businesses that want to increase their liability coverage limits and protect their assets in a catastrophic event.

What To Look For In Commercial Truck Insurance

When choosing the best commercial truck insurance for commercial vehicles, it’s essential to consider several factors to ensure you have the right coverage that meets your specific needs. Here are some key aspects to look for when evaluating commercial trucking insurance options:

Customizable Policies

Every trucking business is unique, and your insurance needs may vary depending on the type of cargo you transport, the distance you travel, and other specific factors. Look for insurance providers that offer customizable policies, allowing you to tailor the coverage to your business requirements. This ensures you only pay for the coverage you need without unnecessary extras.

Adequate Coverage Limits

Assess the coverage limits offered by the insurance policy. It’s crucial to have adequate coverage limits that align with your business’s potential risks and liabilities. Consider factors such as the value of your trucks, the nature of the cargo you transport, and the potential costs of accidents or lawsuits. Adequate coverage limits provide the financial protection you need in case of unforeseen events.

trucking business

Deductibles And Premiums

Evaluate the deductibles and premiums associated with the insurance policy. Deductibles are the amount you’re responsible for paying out of pocket before the insurance coverage kicks in. At the same time, premiums are the recurring payments you make for the policy. Consider your budget and financial capabilities to choose deductibles and premiums that are reasonable and affordable for your small business.

Claims Process And Customer Support

Look for an insurance provider with a straightforward and efficient claims process. In the event of an accident or loss, a responsive and supportive claims department can make a significant difference in quickly resolving issues and getting your business back on track. Read reviews and seek recommendations to gauge the quality of customer support the insurance company provides.

Insurance Company Reputation

Research the reputation and financial stability of the commercial truck insurance company you are considering. Look for insurance providers with a solid track record, strong financial ratings, and a history of providing reliable coverage and excellent customer service. Reputable commercial truck insurance providers will give you confidence that they’ll be there when you need them most.

Additional Services And Resources

Consider any additional services or resources offered by the insurance provider. Some companies provide risk management tools, safety training programs, or access to industry-specific expertise. These value-added services can help you enhance the safety of your operations, mitigate risks, and improve overall business performance.

Insuring Vs. Financing Your Semi-Truck

truck on road

When it comes to buying a semi-truck for businesses, you’ll likely face the decision of whether to insure or finance your vehicle.

Both options have their merits, and understanding the differences can help you make an informed decision. Let’s explore the considerations when it comes to insuring versus financing your semi-truck:

Insuring Your Semi-Truck

Insuring your semi-truck is critical in protecting your investment and managing potential risks. Commercial truck insurance companies offer coverage for liability, physical damage, motor truck cargo, and more.

Insuring your semi-truck protects your business from the financial implications of accidents, theft, damage, or other unforeseen events. Commercial auto insurance acts as a safety net, helping you recover financially and continue operations in the face of adversity.

It provides peace of mind, knowing that you’re adequately protected and can focus on your business without worrying about the potential financial burden of incidents on the road.

Financing Your semi-truck

Financing your semi-truck involves obtaining a loan or lease to acquire the vehicle. This option allows you to spread the cost of the truck over a predetermined period, making it more affordable in the short term.

Financing can be advantageous, especially if you don’t have the total funds upfront or prefer to allocate your capital to other aspects of your business.

By financing, you can secure a reliable and efficient semi-truck without depleting your cash reserves, enabling you to preserve working capital for operational needs or other investments.

However, it’s essential to consider the terms and interest rates associated with the financing option to ensure it aligns with your budget and financial goals.

contract

Making The Right Choice

The decision between insuring and financing your semi-truck ultimately depends on your specific circumstances and priorities. Assessing your business’s financial position, risk tolerance, and long-term goals is crucial.

If you have the financial capacity, insuring your semi-truck is a non-negotiable aspect of responsible business ownership. Insurance protects your investment, business reputation, and ability to bounce back from potential setbacks.

On the other hand, if you require additional funds to acquire a semi-truck and financing aligns with your financial strategy, securing a loan or lease can be a viable option. You’ll need to consider commercial truck insurance costs.

Most businesses choose a combination of both insurance and financing.

By insuring your semi-truck and financing its purchase, you can simultaneously enjoy the benefits of protection and affordability. This approach allows you to balance the need for insurance coverage with the financial flexibility provided by financing arrangements.

Ultimately, whether you choose to insure, finance, or pursue a combination of both for your semi-truck, consulting with professionals in the insurance and financing sectors is crucial.

Final Thoughts

Remember, insurance is not just a requirement like your commercial driver’s license, it’s an investment in the longevity and stability of your business.

Take the time to research and compare different insurance options, consult with professionals in the industry if needed, and choose a policy that aligns with your goals and risk tolerance.

With the right commercial truck coverage, you can focus on growing your business while knowing you’re protected against potential challenges and setbacks.

If you’re looking to insure your semi-truck, reach out to Mission Financial Services today.

how to tell if semi truck shocks are bad

How to Tell if Semi-Truck Shocks Are Bad

how to tell if semi truck shocks are bad
So, how can you tell if your semi-truck shocks are bad? This is something every professional truck driver should know.

Your semi-truck shocks play a vital role in your suspension system. They keep your truck driving properly and safely. Without them, you’ll struggle to drive smoothly – something that’s essential for any kind of trucking business. Of course, any issues with your shocks can result in even greater problems developing in other areas of your vehicle.

Bad shocks are a fairly common issue with semi-trucks, so it’s important to be able to identify these issues straight away. To help you out, here are some of the main signs and causes of bad shocks on semi-trucks.

How To Tell if Your Semi-Truck Shocks Need Some Love

Bad Driving Quality

Wondering how to tell if your semi-truck shocks are bad? The first, and most tell-tale sign, is if your truck’s driving quality has decreased.

When shocks wear, the semi-truck will be a lot bumpier to drive and more difficult to control. You might scrape a speed bump, experience excessive bouncing while driving, or have difficulties with the steering stabilizer. The steering wheel might move a lot more, giving you a hard time keeping the vehicle stable.

Whatever the case, semi-truck shock absorbers are essential for managing the vehicle’s weight. If your semi-truck is offering a bad driving experience, you need to replace the shocks.

Uneven Tire Wear

Having uneven or unusual tire wear is often a clear indicator of worn shocks.

cars on road

While your tires will wear down over time, when you have bad shocks you’ll notice a much faster, and more drastic, wear and tear on your tires.

With properly functioning shocks, your tires will wear down gradually on both sides. But with bad shock absorbers, one side will wear down far quicker. In some cases, uneven and accelerated tire wear can be pronounced enough to cause swerving. You might also notice vibration or humming when driving your semi-truck, which happens from shock absorber tire wear.

Leaking Fluid

Shock absorbers are filled with oil, which is essential for their dampening ability. The oil is held in the shock absorber with a seal.

If you notice a lot of oil covering and leaking from your shock absorbers, this is a sign that you have fluid leaking around the seal. If the leak persists, the shocks will start acting up and might stop working completely.

While it’s normal to have very slight oil leakage around your shock absorbers, the oil leak will become a lot more prominent in semi-trucks with bad shocks. If you feel like your semi-truck is driving differently and is having a harder time handling, then be sure to check for leaking fluid.

Physical Damage to the Suspension System

Many factors can damage your semi-truck’s suspension system: dents, cracks, or corrosion to name a few.

If you suspect you might have worn out shocks, then take a close look at your suspension system and pay attention to each component. You might notice visible damage or wear and tear on the system, which would call for replacement shock absorbers.

truck driver

One common issue is corrosion or damage to the bushings, which are located at each end of the shock absorber. When they wear out, the shocks won’t be cushioned from the suspension, which can result in a lot of noise and noticeable suspension movement.

Rattling Noises

If you have loose or worn shocks, then they’ll probably start to make loud rattling or knocking sounds. This could be because the bushings are worn or damaged, because the shock is loose and rattling, or because the shock has lost its oil.

Whatever the case, damage to these components of your shocks will need immediate attention. If left for too long, they might cause more serious issues in your suspension system.

If you hear noises coming from your shocks, be sure to also check your semi-truck tie bar, ball joints, or sway bar, These are all parts of your truck’s OEM shock absorbers that could get damaged and need replacing.

Rear-End Squat

When your shocks and struts wear, the cabin of your semi truck might feel like it suddenly shifts backward when you accelerate. This is one of the earliest symptoms of worn shocks, and it could be a clear indicator to check your suspension system.

When this kind of rear-end squat during acceleration is not especially dangerous in terms of handling, it can lead to further issues if you don’t get your shocks and struts fixed as soon as possible.

truck

Getting a Repair Loan for Your Semi-Truck

When semi-trucks need surprise repairs, things can get expensive very quickly. But if you don’t do the repairs, then your truck may suffer even more severe damage as time progresses.

This is why having access to easy semi-truck repair loans is so useful. With a commercial vehicle repair loan service like Mission Financial Services, getting your semi-truck fixed becomes a lot more accessible.

Professional truck drivers can easily apply for repair loans, and you can get accepted for these loans even if you have a poor credit history. This can be an absolute lifesaver for truck drivers that face a sudden need for repairs!

This is especially important if your semi-truck shocks are bad. Worn shocks are relatively simple to repair, and won’t necessarily hold your business back much. But if you leave them to get worse, they could trigger all kinds of other issues in your semi-truck. This could result in a serious, and far more expensive, repair job.

Conclusion

So, how to tell if your semi-truck shocks are bad? There are many different signs to look out for.

One of the most important parts of owning a semi-truck is understanding how the different parts of the truck work and knowing how to troubleshoot issues. This can help you keep the truck in the best possible condition, which is important if you don’t want to spend a fortune on semi-truck repairs.

However, if you do need to take out a semi-truck repair loan, there’s always a convenient option available with Mission Financial Services.

Is Idling Bad For Semi Trucks

Is Idling Bad For Semi-Trucks? (Care Guide)

Is Idling Bad For Semi Trucks

Hey there, truck drivers! We know you love your semi-trucks. But have you ever wondered, “Is idling bad for semi-trucks?”

Well, Mission Financial Services is here to answer that fuel-burning question. We’ll give you some top-notch tips for caring for your truck when it comes to idling. So, buckle up and grab a cup of coffee. Get ready to learn how to keep your big rig running smoothly without putting unnecessary wear and tear on it.

Is Idling Bad For Semi-Trucks?

Let’s face it. We’ve all heard the rumble of a semi-truck engine idling for consecutive hours in a parking lot, right? Whether to keep the truck warm in winter or power the air conditioning in the summer, idling has become common in the trucking industry. Many truckers do it! But the question is, is idling bad for semi-trucks?

The short answer: yes!

Long periods of truck idling can harm your semi-truck’s engine and other components, increasing maintenance costs and decreasing lifespan.

Knowing the various outcomes of truck idling is crucial for any conscientious truck driver. You must take the necessary steps to minimize its impact on your diesel engine.

7 Top Care Tips For Trucks

If you are one of those drivers that love to leave their engines running, here are our top tips for caring for your idling truck!

#1 Limit Idle Time

Limiting engine idle time is a simple and effective way to care for your semi-truck. Did you know a diesel truck can burn up to a gallon of fuel per hour while idling?

truck at dock

You could waste up to 1,040 gallons of diesel fuel a year! That’s bad for your money and the world.

Excessive truck idling can also add wear and tear to your truck’s engine, reducing the lifespan and increasing maintenance costs, and leading to the truck using more fuel. The next time you’re stuck in traffic or waiting for a delivery, turn off the truck engine. You’ll save some money while caring for your truck.

#2 Monitor Engine Idling Temperature

Keeping an eye on your engine idling temperature is crucial, especially during long truck idling periods. It’s always better to be safe than sorry. Always make sure to check your temperature gauge often. Heat is bad for your diesel engine! It means your engine pushes out more carbon dioxide and becomes less efficient.

Overheating can cause significant damage to your engine. it can also damage other vital parts of your truck. Rather don’t risk it! Luckily, some newer trucks have an automatic shutdown feature when the engine gets too hot.

If your truck has this feature, ensure it’s activated and working correctly. In this case, prevention is excellent. A little monitoring can save you a lot of money and headaches down the road.

#3 Use Auxiliary Power Units (APUs)

An APU is an investment that can go a long way in caring for your truck. These units provide a range of benefits, including climate control and reducing the need for truck idling.

truck on road

Not only do they keep the temperature inside your cab cool or warm, but they also provide electrical power for your devices while your truck’s engine is off. APUs are particularly useful for drivers who regularly park their trucks for extended periods. By using an APU, you can save fuel and reduce engine idling wear and tear.

#4 Regular Maintenance

Keeping up with regular maintenance is vital to ensuring that your truck’s idling components function correctly. This includes regularly checking and changing your truck’s oil, coolant, air pressure, and air filters.

Inspecting your belts and hoses and replacing them as needed is also essential.

When you take your truck in for regular maintenance, make sure to ask your mechanic to inspect your truck’s components as well. This will help identify any potential issues before they become major problems.

Remember, regular maintenance helps keep your truck running smoothly. It can save you money by preventing costly repairs and keeping your truck fuel efficient.

#5 Consider Idle-Reduction Technologies

As technology advances, there are more and more ways to reduce truck idling time and save your vehicle from burning fuel. Automatic engine shutdown systems are becoming increasingly popular in most trucks.

These handy devices can turn off your engine after a specified period of idling. This can help prevent unnecessary wear and tear on your engine while lowering fuel consumption.

Another excellent, innovative technology to consider is a battery-powered HVAC system. This system can provide heating and cooling while your engine is off.

man maintaining truck

These systems can be particularly useful during rest breaks or overnight stays at a rest stop when there are extreme weather conditions. They allow truckers to maintain a comfortable ambient temperature in the cab without idling their engines.

We know these technologies may require an upfront investment. Still, they can ultimately save you money on fuel costs and reduce the wear and tear on your truck.

#6 Check Your Batteries

When your engine is idling, your truck’s batteries work hard to power the electrical systems. Keeping your batteries in good condition is essential to avoid unexpected breakdowns.

Regularly check the battery connections and keep them clean and tight.

Also, make sure to replace any old or weak batteries as soon as possible to prevent them from failing during idling periods.

A dead battery can mean a costly tow or repair bill, so keeping your batteries healthy is an integral part of idling care. A well-maintained battery will provide power to your truck for years to come.

#7 Use Idle-Free Zones

Using idle-free zones is another effective way to care for your diesel trucks and the environment. These zones have become more common as anti-idling laws take hold. You can often find them in truck stops, rest areas, and other locations.

By using idle-free zones, you not only help reduce wear and tear on your truck’s engine but also contribute to a cleaner and healthier environment. It’s one of the many reasons that truckers prefer spending more extended periods parked, waiting in idle-free zones.

load transportation

When you park in an idle-free zone, you’ll notice that the air quality is cleaner. Even the noise level is lower. This can provide a more comfortable and pleasant environment for you and other truck drivers around you.

Plus, you can save on fuel costs and reduce emissions by avoiding unnecessary truck idling.

So, look for idle-free zones whenever you’re on the road. Doing so allows you to care for your truck and the environment while enjoying a more peaceful and comfortable rest.

Final Thoughts

Now you know the answer to the question, “Is idling bad for semi-trucks?”

Taking care of your semi-truck is essential, especially when you’re starting a semi-truck business, and that includes managing its idling time. Not only can excessive idling waste fuel, but it can also cause wear and tear on your diesel truck’s engine, leading to expensive repairs.

By doing things like limiting the amount of time your truck is running, using extra power units, and doing regular repairs, you can make your truck last longer. You also end up saving money. With a well-maintained truck, you won’t have to deal with horrible outside temperatures, idling regulations, or uncomfortable night-long rests.

Remember, a happy truck means a happy driver. That’s what we all want. So take care of your truck, and it will take care of you! And if you need a semi-truck repair loan, be sure to call Mission Financial Services.

semi truck parking business

How to Start a Semi-Truck Parking Business

semi truck parking business

Starting a semi-truck parking business can be a great idea. As long as you find an area with strong demand for truck parking, you can start a profitable and rewarding business, helping truck drivers and truck companies with a space for their vehicles.

There are many considerations when starting a semi-truck parking lot. There are also many different types of public parking options you can offer to truck drivers.

If you’re interested in getting this kind of business off the ground, here are some of the main steps you’ll need to follow.

Semi Truck Parking Business: Steps to Success

Perform Market Research

The first step to starting a semi-truck parking business is to perform in-depth market research. The better you understand the market, the more easily you’ll be able to identify the right truck parking lot opportunity.

When researching this, there are a few key considerations. These include:

  • Understanding what type of truck parking lot you will set up (how large it will be and what types of vehicles you will be able to accommodate)
  • Identifying areas where there is a truck parking shortage
  • Understanding what competitors exist in your area
  • Identifying your exact target audience (this could be long-haul truck drivers, food truck drivers, regional truck drivers, and so on)
  • Researching the feasibility of your semi-truck parking business and understanding what will be required to make your potential truck parking facilities profitable

hand writing

  • Performing in-depth market research is necessary for establishing a detailed business plan. This will help you understand exactly how you will be able to set up the truck parking lot, and what steps you will take to ensure your truck parking facility is profitable and makes sense for the market.

Understand Laws and Regulations

Truck parking lots need to comply with the relevant county and state zoning laws and regulations. These zoning regulations differ depending on your specific location and could include things like environmental standards and safety requirements.

It’s important to understand what regulations exist around creating proper truck parking in your area. This is necessary for finding the right location so that you can develop into a semi-truck parking business.

For example, your location might be restricted by residential neighborhood zoning issues, which prevent you from developing new truck parking lots.

Find the Right Location

When it comes to truck parking lots, location is everything.

You can offer high-quality facilities and great prices, but even the best truck parking spaces will stand empty if there’s no demand for them.

Make sure you develop your truck parking facilities where there are plenty of truck drivers actively looking for a place to stay. Of course, busier trucking routers have more demand, but that also means there’s more competition. Your goal is to strike the right balance between the two.

It’s a good idea to try to identify areas where there is a high rate of illegal truck parking.

road with truck

These areas present a great opportunity for a proper truck parking facility, as there is likely a truck parking shortage in these parts.

Beyond demand, there are various factors to consider when choosing the right place for your truck parking lot. These include:

  • The truck parking space dimensions available on the lot
  • What type of construction will be required on the space
  • What types of amenities are available on the truck parking lot
  • The legal compliance requirements for developing that land into a truck parking lot
  • Insurance requirements for turning the space into a truck parking lot
  • What exit ramps will lead to your parking stall
  • Whether there’s enough space for trailer parking, semi-tractors, and freight transportation
  • Whether the area is secure enough for overnight parking

Consider Franchises and Business Options

Once you’ve identified the ideal place for your truck parking lot, you’ll need to establish what approach you will take in starting your semi-truck parking business. The first question to ask is whether you’ll be operating a franchise, or starting your own business. Both options come with their pros and cons.

Starting a franchise means you get access to an already-established brand. You will also get plenty of support in setting up the business according to a proven business model. The downside is that you have less freedom over what you can do with your truck parking lot. Starting a franchise can also be expensive.

Put Your Business Plan Into Action

man shaking hand

At this stage, you should have a detailed business plan. Now, it’s time to unfold this plan and start implementing it.

You will need to discuss:

  • Finances: Ensure your truck parking lot has a detailed and sensible financial plan. Establish realistic financial projections and know what will be required to turn a profit. You may need to take on commercial financing to start the business.
  • Marketing: Know how you will market your semi-yard to attract truck drivers. This could include listing your business on truck parking apps, developing a strong presence in your area, joining truck driver networks, and developing a solid digital marketing strategy.
  • Get the right equipment: Your truck parking lot needs to be kitted out with the right amenities for fatigued truck drivers. This includes everything from restrooms to washing facilities and security cameras.

Establish Your Business

When you have a solid truck parking lot idea that you’re ready to execute, you’ll need to establish your business. This involves setting up the right business structure, applying for all of the relevant permits, and ensuring your truck parking business meets all of the right legal requirements.

At this stage, you might need to take on staff, set your business up with insurance, establish a brand, and so on. This is the part where your truck parking lot starts coming together.

Conclusion

There’s a lot of thought and planning that goes into establishing truck parking facilities. Get it right, and a semi-truck parking business can be a lucrative opportunity.

By carefully following the steps and considerations above, you should be able to establish the perfect truck parking lot business based on your interest, area, and market.

If you’re looking to purchase a semi for yourself, reach out to Mission Financial Services today.

 

 

how to start semi truck with bad starter

How To Start A Semi Truck With A Bad Starter

how to start semi truck with bad starter
Hey there, truckers and gearheads! We all know how frustrating it can be when you’re ready to hit the road but your semi-truck starter decides to take a little vacation.

Don’t worry! We will walk you through some handy tips and tricks to get your big rig roaring back to life, even with a stubborn starter.

So, grab a cup of joe. Sit back, and let’s show you how to start a semi-truck with a bad starter.

What Does A Semi-Truck Starter Do?

A semi-truck starter is a crucial component of your vehicle’s ignition system. Its primary function is to turn the engine over and get it started.

When you turn the key in the ignition, the starter motor receives an electrical signal from the battery. It uses that power to crank the engine, which begins the combustion process.

The starter is composed of a motor, a solenoid, and a small gear called a pinion that engages with the engine’s flywheel to start it spinning. Once the engine is running, the starter disengages and the engine takes over, continuing to run under its own power.

So, the starter is responsible for getting the engine going, which is a pretty important job! If the starter malfunctions or fails, the engine won’t be able to start, leaving you stranded and needing some repair work.

How To Care For A Semi-Truck Starter

Here are some valuable tips for caring for your semi-truck starter and preventing potential issues down the road:

White truck with fire on top

 

  • Keep the battery in good condition: A healthy battery is vital for the proper functioning of the starter. Regularly inspect the battery terminals for corrosion or flimsy connections. Clean the battery as needed and ensure the fittings are tight. Monitor the battery’s charge level and have it tested regularly to ensure the battery delivers sufficient power to the starter.
  • Avoid overloading the electrical system: Excessive use of electrical accessories, such as lights, radios, or power-hungry devices, can strain the starter and the overall electrical system. Be mindful of your power consumption and avoid unnecessary loads that could impact the starter’s performance.
  • Practice good starting habits: When starting the engine, avoid holding the key in the start position for an extended period. This can cause unnecessary strain on the starter motor and lead to premature wear. Instead, start the engine smoothly, releasing the key as soon as it fires up.
  • Regularly service and maintain the starter: Include the starter in your routine truck maintenance schedule. Consult your vehicle’s manual or a trusted mechanic to determine the recommended maintenance intervals for the starter. This may involve cleaning, lubricating, or inspecting specific components to ensure optimal performance and longevity.
  • Address electrical issues promptly: If you notice any electrical problems, such as dimming headlights, flickering dashboard lights, or slow cranking when starting the engine, address them promptly. Ignoring these warning signs could put additional strain on the starter and lead to more severe issues.

truck on road

  • Protect the starter from moisture and debris: The starter is located in the engine compartment, where it’s exposed to moisture, dirt, and debris. Take measures to protect it by keeping the engine compartment clean and free from excessive grime. Consider using protective coverings or shields designed for starters to prevent water or debris from directly contacting the unit.
  • Perform regular inspections: Inspect the starter for any visible signs of damage or wear. Look for loose connections, frayed wires, or any physical damage. Address any issues promptly to prevent further complications.

Remember, a little preventive care goes a long way in keeping your starter healthy and your truck running smoothly.

How To Start A Semi-Truck With A Bad Starter

A bad starter is among the most common truck problems! If your starter is a bad starter, try any of these ways to start your semi-truck.

Give It A Gentle Tapping

Sometimes, all your starter needs is a little encouragement. No, we’re not suggesting you take a hammer and hit it! Instead, give the starter a few gentle taps with a wrench or a rubber mallet. This can help free up any stuck gears or brushes that might be causing the problem. Just be careful not to hit it too hard; we’re looking for persuasion, not destruction!

Try The Auxiliary Start System

Many semi-trucks have an auxiliary start system, also known as a ‘start assist’ or ‘jump start’ feature. This nifty little system can be a lifesaver when your starter is on the fritz.

truck

Typically, you’ll find a dedicated button or switch labeled ‘auxiliary start’ somewhere in your truck’s cabin. Engage this switch, and it will bypass the primary starter, allowing you to start the engine using a secondary power source. It’s like having a backup plan for your backup plan!

Push-Start To The Rescue

Fear not if you find yourself stranded without the luxury of an auxiliary start system! Push-starting your semi-truck can be a viable option in certain situations. Here’s how to do it:

  • Gather a few strong, willing souls to help you out. Teamwork makes the dream work, after all!
  • Choose a flat or slightly downhill area with plenty of room to get rolling.
  • With your truck in neutral, have your helpers push the truck to a reasonable speed (about 5-10 mph).
  • Once you’ve gained enough momentum, quickly shift into a lower gear (typically second or third) and let out the clutch. This sudden engagement of the transmission can kick-start the engine.

If all goes well, your engine should roar back to life! Hooray for perseverance and good ol’ human power!

Seek Professional Assistance

If all else fails and your starter remains stubborn or uncooperative, it may be time to call the professionals. Reach out to a reliable mechanic or roadside assistance service to diagnose and fix the issue. They have the expertise and tools necessary to safely get your truck back on the road. Remember, it’s always better to be safe than sorry!

Final Thoughts

Starting a semi-truck with a bad starter might sound like a headache, but with the proper knowledge and a can-do attitude, you can overcome this obstacle.

Just remember, there’s no harm in seeking professional help.

If all else fails and it’s time for repairs, learn more about semi-truck repair loans, and ensure your rig stays in tip-top shape. Keep your spirits high, stay safe on the road, and happy trucking!

For the best advice on semi truck financing, head on over to Mission Financial Services.

How Hard Is It for Minority Truck Drivers to Obtain Financing

How Hard Is It for Minority Truck Drivers to Obtain Financing?

How Hard Is It for Minority Truck Drivers to Obtain Financing

Minority truck drivers often face unnecessary difficulties in securing financing for starting a trucking company. There shouldn’t be barriers in place preventing minority drivers from entering the transportation industry!

As long as you work with the right vehicle financing company, obtaining funding for your truck doesn’t have to be a challenge.

In this guide, we’ll explore whether minority truck drivers face funding challenges, and provide a step-by-step process on how to get around this.

Minority Truck Drivers: Who is a Minority Truck Driver?

Of all the truck drivers in the United States, over 84% of them are men, and over 58% are white. These trucking industry professionals are considered the majority.

Minority truck drivers refer to any professional driver that falls outside of this category. This includes women truck drivers, or truck drivers of different genders, sexualities, and racial backgrounds. For example, Latino or Hispanic, Asian, and Black truck drivers can all be considered minorities.

While these minority drivers were once a rarity in the transportation industry, trucking is becoming increasingly diverse. There’s greater minority representation across the industry, which means more career opportunities are presenting themselves for minority drivers in the trucking industry.

Is it Harder To Obtain Financing as a Minority Truck Driver?

Despite increasing diversity in the trucking industry, minority-owned trucking companies still face many added difficulties in securing financing. This is because minority groups tend to be marginalized socially and economically.

truck driver

Some minority truck drivers face discrimination in the form of refusal to be assisted, while some may face harsher application requirements. Some minority truck drivers have a weaker economic background than others and will be disadvantaged by financing options that require a strong credit history or a long history of stable bank statements.

This makes it harder to obtain financing than those who are not marginalized.

With so many owner-operated trucking companies operating in the country, restricted access to funding can make it very difficult for minority truck drivers to pursue innovative ideas and start a transportation company. This will continue to create a divide in the trucking industry.

Obtaining Truck Financing as a Minority Truck Driver

While obtaining funding as a minority truck driver may seem like a major challenge, with the right financing provider it doesn’t have to be.

Mission Financial does not discriminate against minority truck drivers and works hard to help everyone secure vehicle loans. When buying a semi-truck with financing through Mission Financial, bad credit or a lack of financial history is not taken into account. This provides a far more equal playing field for any truck drivers to get into the industry.

Here are the steps you can take as a minority truck driver to easily gain funding for your transportation business.

1. Determine Your Eligibility

The first step in securing financing for your truck is to determine your eligibility. This is where most minority truck drivers have a hard time. With Mission Financial, earning your eligibility success is an easier process.

man in truck

Four main factors are considered when determining your eligibility. These are:

  • Overall credit: Like with any financing provider, having a strong credit history will make it easier to secure funding. However, Mission Financial is a common sense lender, which means we consider more than just your credit score. This means we review your overall credit situation to understand your eligibility. Even if you have a bad credit history, it’s still possible to gain truck financing.
  • Down payment: The down payment required is based on the cost of the truck, and is usually around 20% – 30% of the truck’s purchase price. Mission offers financing on various older truck models, so paying a down payment on a brand-new truck is not necessary.
  • Time with CDL: The longer you’ve had your Commercial Driver’s License (CDL), the easier it will be to obtain funding. Drivers who’ve had their CDL for less than three years may need to pay a larger down payment.
  • Truck’s age: Mission Financial finances trucks that date back to 2000, so it’s possible to gain financing for a second-hand vehicle. However, it’s important to also consider the higher cost of maintenance and repairs if you do choose to finance an older truck.

2. Get Your Documents Together

Once eligibility has been established, you’ll need to prepare all of your documents for obtaining funding. This will help you quickly apply for a loan when you find the right truck.

Your documentation should include your:

  • Bank statements and tax returns
  • Your CDL
  • At least six references
  • Contact details
  • Proof of insurance

woman with truck

Depending on your employment situation, you may also need to provide:

  • A co-signer statement
  • LLC agreement and operating agreement
  • Articles of Incorporation and corporate resolution

3. Find Your Vehicle

When you are prepared to apply for financing, you’ll need to find your truck and negotiate its price. Make sure you carefully choose the right type of vehicle for the type of trucking business you plan to start.

4. Obtain Insurance

You’ll need to provide proof of insurance to finalize your truck financing process. Make sure to select the right type of insurance policy based on your vehicle and the type of business you operate.

5. Submit Your Documents

Once you have all of the above documentation sorted, you simply need to submit your documents to Mission Financial to get approved for truck financing.

Final Thoughts

If you want to quit your driving job and start your own trucking company, you’ll need to obtain funding. With minority truck drivers at an all-time high, there are various opportunities for new truckers to obtain funding and start their own trucking organizations.

This can help minority members of the industry achieve greater success!

By working with an organization like Mission Financial, anyone can obtain the funding they need. We have a commitment to providing fair funding opportunities to all professional drivers. Apply now to kickstart your trucking business success.

Archives

Sign Me Up!

Stay up to date with the latest news in the commercial trucking industry.

Contact Us
close slider