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commercial vehicle accident

Commercial Vehicle Accident Loans

commercial vehicle accident

If you’re involved in a commercial vehicle accident, chances are you’ll have a lot of unexpected expenses to deal with. This is where a commercial vehicle accident loan becomes incredibly valuable. 

These vehicle accident loans help you by providing pre-settlement funding, which can cover any immediate expenses from the accident. Let’s explore this in more detail in the guide below.

Understanding Commercial Auto Accident Loans (Legal Funding)

Commercial auto accident loans, also known as legal funding or car accident loans, provide financial assistance to people involved in commercial auto accidents. 

When you’re in a commercial auto accident, the costs can quickly add up – including medical bills and lost wages if you can’t work. These loans can help cover your expenses during this tough time. They’re designed to provide immediate financial relief, allowing you to manage your bills and daily expenses while you focus on recovery.

In many cases, people will take out a car accident loan to help see them through while waiting for a car accident settlement from the insurance company.

Consequences of Tractor-Trailer Injuries

Car accident settlement loans exist because occurrences like tractor-trailer injuries can have major consequences.

Because of the size and weight of tractor trailers, accidents involving them often result in severe injuries, including broken bones, spinal cord injuries, and traumatic brain injuries. These injuries can lead to long-term physical and emotional challenges, impacting a person’s ability to work and perform daily activities. 

Medical bills can quickly accumulate, causing financial strain. In some cases, victims may require ongoing medical treatment and rehabilitation, further adding to the financial burden. 

The psychological toll of these injuries can also be substantial, affecting one’s mental well-being and quality of life. 

This is why it’s crucial for anyone injured in tractor-trailer accidents to seek proper medical care and legal assistance to address their physical, emotional, and financial needs. Car accident claims from a personal injury lawsuit can cover these expenses, while a car accident loan can provide immediate relief.

Are Commercial Accident Loans Actually Loans?

Commercial accident loans are not actually loans in the traditional sense. Instead, they’re types of cash advances provided based on the potential car accident settlement from the case. 

This means that repayment is based on the existence of a car accident settlement. If there is no settlement, there is no obligation to repay the borrowed amount.

While it’s called a car accident loan for convenience, it doesn’t fall under lending laws, as it doesn’t involve typical loan agreements or repayment terms. It’s more of a pre-settlement car accident payment as a cash advance than it is a loan.

How Exactly Will A Commercial Accident Loan Help Me?

Taking out a car accident settlement loan can provide a valuable cash advance for some of the biggest areas impacted by an accident.

Medical Expenses

A car accident loan can help cover your medical expenses, including hospital bills, medications, and rehabilitation costs. This financial support allows you to focus on your recovery without worrying about the burden of healthcare expenses.

Mortgage or Rent Payments

In the aftermath of an accident, a car accident loan can help with paying your mortgage or rent payments. This ensures that you can maintain stability in your housing situation during your recovery period – something that’s important if the accident puts you out of work.

School or Tuition Fees

Another benefit of a car accident loan is that it can help to cover school or tuition fees. Whether it’s for yourself or your dependents, this financial assistance ensures that education remains uninterrupted despite the accident’s impact on your finances.

How Do I Qualify for Legal Funding?

If you’ve been involved in a commercial accident, then securing a car accident settlement loan can also help you get funding for your legal needs. This is important to ensure you get the legal representation you deserve in a car accident lawsuit.

Qualifying for legal funding for a car accident lawsuit generally involves three key areas.

Liability

To qualify for legal funding, it’s essential to establish liability – meaning that someone else’s negligence led to the commercial vehicle accident that you were involved in. This can involve proving that the other party breached their duty of care, resulting in the accident and your injuries.

Insurance

Another crucial factor in qualifying for legal funding is having proper commercial truck insurance coverage from the right insurance company. 

Legal funding providers often rely on the potential for a settlement or judgment to recover their funds. Therefore, it’s necessary to have coverage from an insurance company that can compensate for the damages resulting from the accident.

Damages

To qualify for legal funding, the damages resulting from the accident must be substantial enough to warrant legal action and potential compensation. 

These damages from a car accident claim could include medical expenses, lost wages, property damage, and pain and suffering. Providing evidence of these damages is essential in showing the need for financial assistance through a lawsuit loan.

How Can I Use Legal Funding for My Truck Accident?

Car accident loans and legal funding can be incredibly valuable in navigating the aftermath of a truck accident. Here are some of the main ways that a car accident lawsuit loan, or legal funding, can help you.

Covering Immediate Expenses

One way to use legal funding is to cover immediate expenses resulting from the truck accident. This can include medical bills, vehicle repairs, and other out-of-pocket costs incurred as a direct result of the accident.

Having this available as a cash advance through car accident lawsuit funding ensures your life keeps on moving without interruption.

Replacing Lost Income

If your injuries from the truck accident prevent you from working, legal funding can help replace lost income during your recovery period. 

Hiring Legal Representation

Legal funding can also be used to hire a commercial vehicle accident lawyer to advocate for your rights and pursue compensation on your behalf. 

This includes hiring a skilled attorney who can thoroughly investigate the accident, gather evidence, negotiate with insurance companies, and represent you in court.

Peace of Mind

Overall, legal funding provides peace of mind during a stressful and uncertain time.

By alleviating the immediate financial strain and providing the resources needed to pursue your case, legal funding allows you to focus on your recovery and achieve a fair outcome in your truck accident claim.

Is Getting a Commercial Accident Settlement Loan the Right Move for Me?

Deciding whether to go for car accident loans depends on your individual circumstances. If you’re facing financial strain from the accident, car accident loans can provide much-needed relief by covering these expenses upfront. 

However, it’s essential to understand how car accident loans work and to ensure a pre-settlement car accident loan is possible based on your specific situation. 

Final Thoughts

Auto accident settlement loans are always worth considering if you can secure them. Unlike traditional loans, they shouldn’t involve financial risk. When properly managed, a car accident cash advance can offer much-needed financial assistance to help you deal with the aftermath of the accident and see you through car accident lawsuits – which can be an expensive process.

Looking to purchase a new commercial vehicle after an accident? Then getting the right vehicle funding is essential. Speak to us at Mission Financial to see just how easy it is to get funding for your new semi-truck.

 

group of truck drivers

How Many Semi-Truck Drivers in the US?

group of truck drivers

Trucking is the backbone of the American supply chain, but just how big is the industry?

In short, the trucking industry is massive, and growing steadily.. Despite rising fuel costs and alternative transport networks, there is an enormous demand for truck drivers. Between the short-distance and the long-distance industry, truck driving forms an essential part of how the US operates. 

Let’s explore some trucking industry statistics and insights in the guide below.

How Many Truck Drivers Are There in the US?

Right now, there are 3.5 million truck drivers operating in the US. This includes both employed truck drivers and owner-operators. 

Of all these drivers in the US trucking industry, approximately 1.98 million employee truck drivers operate heavy and tractor-trailer vehicles. There are also around 57,500 light or delivery service truck drivers operating in the US.

The trucking transportation industry is an enormous part of the USA’s economy, and truck driving is one of the most popular jobs in the country. Between self-employed truck drivers, specialized trucking businesses, regular tractor-trailer truck drivers, and smaller trucking carriers, there is a wide range of job opportunities available as a truck driver in the US.

What Percentage of Truck Drivers are Owner Operators?

When looking at trucking industry statistics, approximately 10% to 15% of commercial trucks are driven by owner-operators. This means the vast majority of truck drivers in the US are employees of a trucking business. 

Full-time trucking employment is appealing, as jobs are more stable and it’s easier to get into. You also don’t have to go through the process of purchasing your own semi-truck, marketing your business, and managing business finances and operations. Company drivers also get various perks, like health insurance.

truck driver

However, being an owner-operator also has its perks, like the freedom of being your own boss, and the option to make more money than standard driver wages. Being an owner-operator also means you can be more specific about the truck driving jobs and clients you want your business to focus on.

How Many Trucking Companies Are There in the US?

Approximately 1.2 million companies operate in the trucking industry in the US right now. Needless to say, this is one of the country’s major industries.

American trucking associations and companies cover a wide range of trucking variations and are responsible for a massive amount of transport across the country. In fact, about 80% of the US heavily relies on and depends on trucking companies to transport their goods. As a truck driver, this is good news.

Is the Trucking Industry Growing?

The trucking sector in the US is expected to see a consistent growth rate of 6% from 2020 to 2030.

The US’s gross freight revenue was $940.8 billion, with the freight trucking market size estimated at $532.7 billion. This means trucking was responsible for 72.6% of America’s overland freight movement. 

Are Truckers in Demand in the USA?

America is in major demand for truck drivers. In fact, there is a significant driver shortage across the country.

Right now, the country has a truck driver shortage of about 80,000 drivers, a number that is expected to reach around 160,000 by the year 2030. If this driver shortage continues, then fewer trucks will end up on the roads than what the industry predicts. 

As long as there is a need for goods transportation in the US, there will be a strong demand for long-distance truckers. And with the growth of the trucking industry, there will be an increasing demand for drivers in the upcoming years.

woman truck driver

How Many Truck Drivers Are Women?

Women in trucking represent 13.7% of the industry. While this is a low number, it is a definite improvement from previous years. Female truck drivers are also on the rise, with more women getting into the industry year after year.

This could be because of the truck driver shortage, an increasing number of owner-operator truckers, or because the industry is getting safer.

How Long Would it Take Someone to Become a Semi-Truck Driver in America?

Becoming a semi-truck driver in America typically involves several steps, and the time it takes to become a driver for a motor carrier can vary. Overall, becoming a semi-truck driver in America can take anywhere from a few months to a year or more, depending on your circumstances and employer requirements.

Here’s a general outline of the process:

  • Meet Requirements: To become a semi-truck driver in the US, you must typically be at least 21 years old, have a valid driver’s license, and have a clean driving record. 
  • CDL Training: Aspiring truck drivers must enroll in a Commercial Driver’s License (CDL) training program. These programs vary in length but often last between 4 to 8 weeks. During CDL training, students learn about the operation of commercial vehicles, safety regulations, and driving techniques.
  • CDL Exam: After completing training, students must pass a written knowledge test and a skills test administered by the Department of Motor Vehicles (DMV) or a third-party testing facility to obtain their CDL. This includes passing the necessary health requirements.
  • Entry-Level Driving Experience: Many trucking companies require newly licensed drivers to gain experience before hiring them for long-haul routes. This often involves working as a local or regional driver for a few months at least.
  • Specialized Training (Optional): Some companies may require or provide specialized training for certain types of freight or equipment, such as tanker trucks, refrigerated trailers, or hazardous materials transport.

happy truck driver

Final Thoughts

The trucking industry is an enormous and essential part of the US economy. Without it, the country would struggle to transport goods across the country. The trucking industry is also incredibly diverse, with various types of trucking businesses and truck-driving formats in operation. This makes it an exciting industry for aspiring truck drivers to get into.

Are you considering starting a trucking business? Then you’ll need to get yourself the right semi-truck. Get in touch with us at Mission Financial Services, where we can help you get easy financing for your vehicle. 

Crucial Warning Signs: Is Your Semi Truck’s Kingpin About to Fail?

 Is Your Semi Truck’s Kingpin About to Fail? King pin wear and tear is a common issue with semi-trucks. It’s also essential that truck drivers can identify this issue early on. Otherwise, a failed kingpin results in all kinds of serious problems with your vehicle.

Just like you need to check your fuel filters, starter, or shocks, regularly checking your kingpin is essential for a well-maintained semi-truck. In this guide, we break down common signs of kingpin failure, and when you need to replace these parts.  

What is the Kingpin?

A kingpin is a crucial component of your vehicle’s trailer hitch system. It’s a large, sturdy pin that connects the trailer to the semi-truck fifth wheel, allowing for articulation and movement between the two parts of the vehicle. 

The Kingpin fits into a receptacle on the fifth wheel, securing the trailer to the truck while still allowing it to pivot and maneuver, particularly during turns. It plays a vital role in maintaining stability and control while the truck is in motion, especially when navigating curves or uneven terrain.

Basically, you need to have a kingpin to safely haul a trailer.

Semi-Truck Bad Kingpin Symptoms

King pin wear is a common issue among truckers. When you have a worn kingpin, it could cause all kinds of additional issues to your truck, including impacting your safety.

To help you identify this issue, here are some of the most common signs of a worn kingpin.

uncoupled semi truck

Hard to Couple

When you have difficulties in coupling the trailer to your semi-truck, it could point to various underlying issues related to the kingpin. 

Start by ensuring that you properly align the trailer with the fifth wheel of the truck. Check if the trailer is at the correct height and angle for coupling. Even a slight misalignment can make coupling challenging. 

If alignment seems correct and coupling is still difficult, inspect the kingpin for any signs of damage or misalignment. Look for visible wear and tear on the kingpin, such as cracks, dents, or bending. Examine the truck’s fifth wheel to see if any obstructions or debris prevent the kingpin from engaging properly. 

Addressing incorrect vehicle alignment issues and inspecting both the kingpin and fifth wheel can help you find out why it’s hard to couple.

Hard to Uncouple

Struggling to uncouple the trailer from your semi-truck can be just as frustrating as coupling difficulties and could also come from issues with king pins. 

Begin by making sure you fully release the trailer brakes to minimize resistance during uncoupling. Try gently maneuvering the truck back and forth to relieve any pressure that might be preventing the kingpin from disengaging smoothly. 

If uncoupling is still an issue, inspect the kingpin mechanism for any signs of damage or wear. Pay close attention to the locking mechanism on the fifth wheel to ensure that it’s functioning correctly. Sometimes, a buildup of dirt or debris in the locking mechanism can make it tricky for king pins to uncouple. 

Fifth Wheel Adjustment Will Not Tighten

Difficulty in tightening the fifth wheel adjustment can be a clear indication of kingpin-related issues. If this is the case, it needs to be addressed straight away as it would create unsafe hauling conditions.

Two common problems to consider are a worn-down throat and a worn-down shoulder on the kingpin.

Worn Down Throat

Inspect the throat of the kingpin for signs of wear and tear. This is a normal issue because of prolonged use and a lack of maintenance.

A worn-down throat can result in poor engagement with the fifth wheel, making it challenging to achieve proper tightness when adjusting the fifth wheel. 

Look for any irregularities, like grooves, scratches, or deformations on the surface of the kingpin throat. If you see significant wear, then your kingpin might need to be replaced. 

Worn Down Shoulder

Similarly, examine the shoulder of the kingpin for any signs of wear or damage. 

The shoulder plays an important role in ensuring a secure connection between the kingpin and the fifth wheel. If the shoulder is worn down or damaged, it can affect the stability and tightness of the coupling, leading to difficulties in adjusting the fifth wheel. 

Check for flat spots, dents, or uneven surfaces on the kingpin shoulder, as these can interfere with proper seating on the fifth wheel.

Lack of Lubrication

Proper lubrication is essential for keeping your kingpin mechanism operating smoothly and preventing premature wear and tear. 

Without enough lubrication, friction between the kingpin and the fifth wheel can increase, making coupling and uncoupling more challenging. 

Regularly inspect the kingpin and fifth wheel for signs of grease buildup or dryness. Clean any accumulated debris or old grease from the surfaces and apply a generous amount of high-quality lubricant to ensure smooth movement. 

Pay special attention to areas where metal-to-metal contact occurs, such as the kingpin throat and shoulder, as these areas are particularly susceptible to wear. A kingpin can last forever if you lubricate it properly.

semi truck mechanic

When is it Time to Change Your Kingpins?

It’s time to change your kingpins when you notice signs of wear and tear or experience issues with steering and stability in your semi-truck. Here are some clear signs that it might be time for a replacement:

  • Looseness or play: If you feel excessive looseness or play when hitching your fifth wheel, it could be a sign that the kingpin is worn out.
  • Steering issues: A damaged kingpin could affect your steering knuckle. If your steering wheel isn’t responding as it normally would, and you’re finding it hard to steer tires in the right direction, then it could be because of an issue with your kingpin.
  • Visible damage: Check your kingpin for any visible signs of damage, like bending, cracking, or corrosion. 
  • Rust or corrosion: If you notice rust or corrosion on the kingpin, it’s a clear sign that it needs replacement. 
  • Uneven wear: Inspect your kingpin for uneven wear patterns. If one side of the kingpin is significantly more worn than the other, it could affect the stability and performance of your truck and trailer.
  • Age and usage: Even if there are no visible signs of damage, consider the age and usage of your kingpin. Over time, these parts can wear out from regular use and exposure to the elements.
  • Tire wear: A bad kingpin can cause alignment and steering issues, which could cause uneven wear on your tires. If you notice this issue with your tires, check your kingpin to see if it’s still working properly.

In general, if you suspect that your kingpin is causing issues with your truck’s performance, it’s best to replace it sooner rather than later. This is important to help you avoid accidents and to keep other parts of your vehicle in good working order.

Final Thoughts

Although maintaining your king pin may seem time-consuming, it’s a small price to pay for keeping your truck and trailer in good condition. A failed king pin could become a serious issue, so it’s best to address this early on.

Looking to purchase a new semi-truck? Then get in touch with us at Mission Financial Services, where we make it easy to help you access funding for your vehicle.

How To Spot A Failing Turbocharger In Your Semi Truck

An important part of being a semi-truck driver is understanding how the different parts of your vehicle work. Just like you need to know when to identify bad shocks or problems with your fuel filters, how to spot a failing turbocharger in your semi truck is equally important. 

Here’s everything you need to know about identifying a failing turbocharger in your semi-truck.

What is a Turbocharger and How Does it Work?

A turbocharger is a device that helps increase the power of a truck or car engine by forcing more air into it.

Here’s how it works:

  1. Air sucks in: When the engine runs, it sucks in air for combustion.
  2. Turbo spins: The turbocharger has a turbine inside that spins really fast.
  3. Exhaust powers turbo: As the engine burns fuel, it produces exhaust gasses. These gasses spin the turbine.
  4. Compresses air: The spinning turbine is connected to a compressor on the other side. This sucks in fresh air and compresses it.
  5. More air, more power: Compressed air is forced into the engine. With more air intake, the engine can burn more fuel, creating more power.
  6. Boosts performance: This extra air pressure power boosts the engine’s performance, making the car faster and more efficient.

Common Signs and Symptoms of a Bad Turbo

Turbo failure can be a pretty common issue. To help you identify it, here are some of the main signs of bad turbo on semi-truck engines.

Power Loss

One of the most noticeable signs of a faulty turbo is a significant loss of engine power. When the turbo isn’t working properly, it can’t deliver the necessary boost to the engine, resulting in reduced performance. 

Losing this boost gauge can make your vehicle feel sluggish and struggle to accelerate. This is especially noticeable when you need it to respond quickly, like when merging onto the highway or overtaking other vehicles.

engine warning light

Engine Warning Light

Another clear sign of turbo trouble is the illumination of the check engine light on your dashboard. 

The check engine light can come on for various reasons, but when it’s related to the turbocharger, it often signifies issues like overboost or underboost conditions. 

Whining Engine

If you start hearing strange noises coming from the engine or the area around the turbocharger, it could be a sign of turbo faults. 

A whining or whistling sound, especially during acceleration, could indicate issues with the turbocharger. Damaged bearings, a leaking seal, or other internal problems might cause these noises within the turbo.

Oil Consumption and Exhaust Smoke

A bad turbocharger can lead to increased oil consumption by the engine. You might notice that your vehicle is burning through engine oil more quickly than usual, which could be a result of oil leaking into the exhaust system because of a failing turbo. 

You might also see excessive exhaust smoke, which can appear blue or white. This indicates the presence of engine oil in the exhaust gasses.

Excessive Fuel Use

When a turbocharger isn’t functioning properly, the engine may compensate by burning more fuel to maintain performance levels. This can result in decreased fuel efficiency and increased fuel consumption – costing you more money at the pump. 

If you notice that you’re filling up more frequently than usual, it could be a sign that your turbocharger needs attention.

oil leaks

Oil Leaks

Inspect your turbocharger and the turbo housing for any signs of oil leaks. Oil leaks can mean problems with the internal seals or bearings inside the turbo, which need to be addressed to prevent further damage. 

Look for oil puddles or stains under the vehicle, as well as any oil buildup or residue on the turbo itself. 

What Causes a Turbo to Break Down or Go Bad?

Now that you know how to identify turbocharger failure, let’s explore some of the main reasons you might experience blown turbos.

Wear and Tear

Like any mechanical component, turbochargers can wear out over time because of normal usage. 

Continuous high-speed driving, frequent acceleration, and harsh driving conditions can add to the wear and tear of turbocharger components, leading to eventual breakdown or failure.

Oil/Lubrication Issues

Proper lubrication is crucial for the smooth operation of a turbocharger. Insufficient oil levels or dirty oil can lead to bad lubrication of the turbocharger’s moving parts, causing increased friction, overheating, and eventual failure. 

Oil contamination from coolant or fuel leaks can also degrade the turbocharger’s components and reduce its lifespan.

Foreign Objects

Foreign objects entering the turbocharger, like dust particles, dirt, debris, or even small particles from a damaged air filter, can cause damage. 

These foreign objects can get stuck in the turbocharger’s intake or exhaust side, leading to compressor or turbine wheel damage, bearing wear, or seal leaks.

Damaged Seals

Seals play a critical role in maintaining proper airflow and preventing oil leaks within the turbocharger. Over time, seals can degrade because of heat, pressure, or exposure to contaminants, leading to leaks and loss of performance. 

Damaged seals can allow oil to enter the intake or exhaust system. This causes excessive exhaust smoke, oil consumption, and potential damage to other engine components.

Should You Be Driving With a Blown Turbo?

It’s definitely not recommended to drive with a blown turbocharger. A blown turbo can lead to severe engine damage, reduced performance, and potential safety hazards

Continuing to drive with a blown turbo can also cause further deterioration of engine components, including increased oil consumption, excessive exhaust smoke, and potential engine failure. 

It’s best to have the turbocharger inspected and repaired by a professional mechanic as soon as possible to prevent any further damage to your vehicle.

Final Thoughts

If you notice any of these turbocharger issues, make sure you address them as soon as possible. Fixing a turbocharger quickly will help you avoid further damage and issues with your vehicle. 

Looking to purchase a new semi-truck? Then get in touch with us at Mission Financial, where we make the financing process easy for all truck drivers or trucking business owners.

carrier bearing

The Top Signs Your Semi’s Carrier Bearing Is Going Bad!

carrier bearing

It is a crucial responsibility of any owner-operator to ensure proper maintenance of their semi-truck. This includes keeping an eye on your carrier bearing and other drivetrain components.

Follow this quick guide to learn more about how you can identify issues with a carrier bearing or U-joint, and what you need to do to keep your driveshaft running smoothly. 

What is a Driveshaft Bearing?

A driveshaft bearing is a part that helps support and stabilize the drive shaft in a vehicle. It’s like a little wheel or roller that lets the driveshaft spin smoothly and is one of the most important drivetrain components. 

This bearing cap sits inside a housing, which keeps it in place and protects it. Without these bearings, the driveshaft could cause wobbling or vibration as it would be loose, causing problems with how vehicles perform. 

Bad Carrier Bearing Symptoms

Here are some signs you might notice for bad carrier bearing on semi-truck driveshafts:

  • Vibrations: You might feel shaking or vibrations coming from underneath the vehicle, especially at certain speeds.
  • Clunking and banging noise: There could be loud, sudden noises like clunking or banging, especially when accelerating or decelerating.
  • Howling and growling noise: You may hear a howling or growling noise, particularly when driving at higher speeds or during turns.

These symptoms suggest that the carrier bearing, or other drivetrain components, needs attention. It’s essential to get this checked and to carry out driveshaft repair to avoid further damage to your vehicle.

truck drive shaft

Causes of Bad Carrier Bearings and U-Joints

Your carrier bearing and U-joint can go bad because of a couple of different reasons:

  • Wear and tear: Over time, the constant movement and pressure on these parts can lead to wear and tear, causing them to degrade.
  • Lack of lubrication: Insufficient lubrication can lead to increased friction and heat, accelerating wear on the bearings and joints.
  • Excessive loads: Carrying heavy loads or towing frequently can put extra strain on the carrier bearings and U-joints, causing them to wear out faster.
  • Improper maintenance: Neglecting regular maintenance, such as greasing the bearings or checking for wear, can contribute to premature failure.
  • Water and contaminants: Exposure to water, dirt, and other contaminants can corrode or damage the bearings and U-joints, leading to failure.
  • Misalignment: If the driveshaft or axle components are not properly aligned, it can put uneven stress on the bearings and joints.

How Long Do Driveshaft Bearings Last?

Generally, driveshaft bearings can last anywhere from 50,000 to 100,000 miles under normal driving conditions. However, it’s essential to monitor for any signs of wear or damage and replace them as needed to prevent further issues.

Here are some factors that influence the lifespan of these bearings:

  • Usage: Heavy usage, such as towing or frequent driving on rough terrain, can wear out the bearings faster.
  • Maintenance: Regular maintenance, including greasing and inspection, can help extend the lifespan of your bearings.
  • Quality: The quality of the bearings themselves can affect their lifespan. Higher-quality bearings will likely last longer than lower-quality ones.
  • Driving conditions: Driving in extreme conditions, such as extreme temperatures or constant exposure to water and contaminants, can shorten the lifespan of your bearings.

mechanic

How to Check and Diagnose the Carrier Bearing and U-Joints

Just like you need to keep an eye out for bad fuel filter symptoms or bad shocks, knowing how to look after your carrier bearings is important. Follow these steps to check and diagnose the carrier bearing and U-joints:

  • Listen for noise: Pay attention to any unusual noises, like clunking, banging, howling, or growling, especially during acceleration, deceleration, or turning.
  • Feel for vibrations: Notice any vibrations felt through the vehicle, particularly at certain speeds or when accelerating.
  • Inspect the driveshaft: Look for any visible signs of damage or wear on the driveshaft, including rust, cracks, or bends.
  • Check for play: With the vehicle safely lifted and supported, grasp the driveshaft near the carrier bearing and U-joints and try to move it up and down or side to side. Excessive play could indicate worn bearings or U-joints.
  • Inspect the U-joints: Look for any signs of play, rust, or damage on the U-joints. You may need to remove any protective covers or shields to access them fully.
  • Examine the carrier bearing: Inspect the carrier bearing for any signs of wear, such as excessive play, noise, or leaking grease.
  • Consult a mechanic: If you’re unsure about the condition of the carrier bearing or U-joints or if you notice any concerning symptoms, it’s best to consult a qualified mechanic for a thorough inspection and diagnosis.

Can I Drive With a Bad Carrier Bearing?

Driving with a bad carrier bearing is not recommended as it can lead to further damage to the driveshaft and other components of your vehicle’s drivetrain. 

It may cause excessive vibrations, noise, and potential loss of control, posing a safety risk. It’s best to have the carrier bearing replaced as soon as possible to avoid any further complications while driving.

mechanic under a truck

Final Thoughts

If you notice any issues with these components, make sure you go in for driveshaft repair as soon as possible. If you leave it too long, the job will just get more expensive, and it could cause additional problems to your vehicle. 

Looking to purchase a new truck? Then you’ll need to have the right financing in place. Get in touch with us at Mission Financial to see just how easy it is to get the financing you need for a semi-truck.

13 Ways To Make Money With A Box Truck

13 Ways To Make Money With A Box Truck

Exploring the various ways to make money with a box truck offers numerous opportunities for aspiring entrepreneurs, broadening their scope for success.

Box trucks are incredibly versatile, as they’re basically just a large retail space on wheels. This means owning a box truck comes with many possibilities – including traditional box truck business ideas and more creative options.

If you own a box truck or are thinking of starting a business, then it’s useful to understand all the different business routes you could take. In this guide, we’ll explore some of the best box truck business options for any box truck owner-operator.

Identify Your Strengths

There are many options out there for a box truck business. Before exploring different box truck business ideas you should first consider what you’re good at and what you enjoy doing.

As a box truck owner-operator, you could start businesses that involve deliveries, moving, forms of retail, removals, and more. These box truck business ideas require different skills.

Some are more people-facing than others, while some box truck owner-operators spend a lot more time in solitude. Consider which you would prefer.

If you’ve got skills like cooking or offering beauty services, you can turn them into a box truck business.After all, a box truck’s incredible versatility allows it to be put to work. Start by identifying your skills and interests, and then consider how you can turn them into your own business through a box truck.

Choosing the Right Box Truck

Once you’ve decided on what box truck services you’ll offer, the next step is choosing the right vehicle.

Box trucks come in various sizes, and you’ll need to make sure the one you purchase is big enough for your business idea. Consider factors like fuel efficiency, the cost of insuring the box truck, maintenance costs associated with the vehicle, and so on.

Box truck drivers must be able to navigate the vehicle easily in the environment where they intend to operate their business. For instance, if you plan to offer box truck delivery services in a city, opting for a smaller truck that can navigate narrow streets more easily would be advisable.

You’ll also need to consider how you’ll be able to purchase the truck as a business owner, or if you’ll take out a box truck lease as an independent contractor. Getting the right financing is one of the first steps you’ll need to take when getting your box truck business started, so understand what options are available to you.

Profitable Ways to Earn An Income With a Box Truck

If you want to start your own box truck business, there are various ideas you could pursue. Here are some of the most popular options for small businesses run from a box truck.

1. Delivery Service (Food or Retail)

Operating a delivery service, catering to either food or retail items, is one of the most popular ways to make money with a box truck.

This business benefits from the growing demand for convenient and efficient delivery options, providing a crucial service in today’s fast-paced world.

The salary potential for a delivery service depends on factors like your delivery volume, distance covered, and negotiated rates with clients.

2. Fuel Delivery Service

Offering fuel delivery services involves transporting fuel to individuals or businesses in need.

This can be a lucrative venture, especially in areas where access to fuel stations is limited. The key to success in this business is efficient logistics, ensuring timely delivery to customers who may be in remote locations or facing emergencies.

Fuel is an essential commodity that many reliable logistics companies focus on, making this a profitable business option in the right location.

3. Moving Service

You could start a moving service where you help individuals or businesses in relocating their belongings from one place to another.

This can be a great box truck business, as you don’t need to invest in anything other than your truck and a few moving blankets. As long as you’re strong enough to assist with moves, there’s always demand for reliable movers no matter where you’re based. Offer a quality service, and you could build this into a lucrative business.

Success in the moving industry depends on providing excellent customer service, careful handling of items, and efficient logistics.

4. Advertise with Your Box Truck

Turning your box truck into a mobile billboard is another way to make money with your vehicle. In fact, you can use this as a second income stream while you run another type of box truck business.

Advertisers pay for the exposure their brand receives as your truck travels through different areas. This can be a passive income stream with the potential for decent profits if the truck has a large and diverse audience.

5. Deliver to Local Stores

Providing delivery services to local stores involves transporting goods from distribution centers to retail outlets.

This can be a consistent source of income, especially if you establish long-term contracts with stores. Efficient route planning and reliable delivery schedules are crucial for success.

6. On-Demand Courier

Operating an on-demand courier service involves providing quick and flexible delivery options for customers.

An on demand courier service can be lucrative in urban areas where people often require instant delivery services. Success lies in offering competitive delivery times and excellent customer service.

Providing efficient and reliable services can lead to repeat business and positive word-of-mouth, contributing to higher earnings.

7. Junk Removal

Running a junk removal service involves helping individuals or businesses dispose of unwanted items. This business can be profitable, especially in areas with high population density.

Efficient waste disposal and recycling practices are essential for success, as well as marketing to attract the right customers.

8. Start a Food Truck

Starting a food truck is another unique box truck business idea. Although, it takes a very specific person to start this kind of business.

You need to have a quality menu, a unique offering, and be able to operate in the right location. When these factors align,a food truck business could be highly profitable.

9. Mobile Storage Solutions

Providing mobile storage solutions involves offering on-demand storage services to individuals or businesses. This can be beneficial for those in need of temporary storage or during moving transitions.

Factors like the size of the storage units, rental fees, and demand for storage influence the salary potential for mobile storage solutions in the local market.

Offering secure and convenient storage options can attract customers and contribute to sustained revenue.

10. Wedding Box Truck Business

Offering specialized services for weddings, such as transporting decorations or providing photo booth services, can be a unique niche. Success in this business involves marketing to engaged couples and establishing partnerships with wedding vendors.

The salary potential for a wedding box truck business depends on the demand for wedding-related services in the local market.

Building relationships with wedding planners, venues, and couples can lead to consistent bookings and increased earnings.

mobile pet groomer

11. Mobile Pet Groomer

Operating a mobile pet grooming service involves bringing grooming services directly to pet owners’ homes.

This can be convenient for pet owners and can be profitable with a steady customer base. Success requires expertise in pet grooming and excellent customer service. Providing quality care for pets and building long-term relationships with customers can lead to sustained profitability.

12. Mobile Hair Salon

Ever dreamed of opening your own hair salon? Well, you could do this out of your box truck.

Offering mobile hair salon services involves providing haircuts and styling at customers’ locations. This can be convenient for individuals who may have difficulty visiting a traditional salon.

Success in this business requires having skilled stylists and effective marketing in place to attract clients. If you operate in an area with enough demand and provide quality services, then this can be a highly profitable way to run a hair salon.

13. Rent Box Trucks

Renting out box trucks to individuals or businesses that need temporary transportation can be a lucrative venture.

This is expensive to start up, as you’ll need to purchase and maintain a fleet of box trucks. However, once started, renting out vehicles can be highly profitable.

Your success in renting box trucks is tied to factors like rental rates, demand in the local market, and the condition of the fleet. Providing reliable and well-maintained trucks, along with transparent rental terms, can lead to repeat business and sustained profitability

Final Thoughts

These are just a few of the many ways you could make money with a box truck. The most important thing is to consider your strengths, understand market demand, and try to find a creative solution to best use your vehicle.

If you’re looking to purchase a new box truck, then you’ll need to find the right financing partner first. Get in touch with us at Mission Financial Services to see how easy gaining financing for a truck can be.

 

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