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    All About Pledge Pickup truck


    May 8, 2021

    A smart businessman is always a step ahead of others and pickup trucks are a smart option for business investments. It is important for any start-up plan or business in order to monitor the cash flow. Well, a pickup truck can earn you revenues in many ways, including purchasing and leasing, however, the option of Pledge Pickup truck [รับจำนำรถกระบะ, which is the term in Thai] can provide you with a larger return. If you give out your truck for the pledge, you need to ensure that the truck is in good condition as the company you will deal with comes on the investigation before deciding the amount to provide you. Thus, having a pickup truck retain its value even after years and gives you an opportunity to regain some investments.

    Whom to contact for pledge

    Pledge is applicable for those assets only that are movable, for instance, your pickup truck. Now, you may think who can help you out with the pledge when you have taken a loan and want to pledge your truck. As security, you have to keep your asset to a lender. The lender can be anyone, it can be a bank, the lender can also be any financial institute. Apart from that, your lender can be an individual as well or any company. The lender has a charge on your asset, which is a pickup truck in your case and if there is any default in your loan, for the recovery, the lender can sell your truck in order to recover the loan that you have taken.

    Get more information

    Pledge is a type of charge, especially for a movable asset which is a truck in your case. Apart from all other information, since you are opting for the pledge, it is important for you to know who has possession of your truck. well, in the case of the pledge, the possession is always in the hands of the lender who is giving you the loan. The reason behind this is that during the pledge, you have to keep the truck with the lender and cannot bring it back as you are taking a loan against it. So, you need to ensure that your truck is in good condition as the lender is likely to come on the investigation before finalizing the amount to give you.

    By James

    James Harrison: James, a supply chain expert, shares industry trends, logistics solutions, and best practices in his insightful blog.