UTA Develops Trade Terms, Conditions

Oct. 1, 2001
The Used Truck Association (UTA) has released a set of guidelines for industry-standard trade terms and conditions used to establish the condition of

The Used Truck Association (UTA) has released a set of guidelines for industry-standard trade terms and conditions used to establish the condition of a used truck, as agreed to by both seller and buyer.

UTA Trade Terms & Conditions are meant to reduce confusion in the marketplace, according to UTA board member Marty Crawford of Waters Truck & Tractor, Columbus MS.

For example, he cited the trade term requirement of “50% rubber.” A seller may interpret that to mean the total remaining tread on all tires must be at least 50% of the original amount. In some extreme cases, said Crawford, sellers have taken “50% rubber” to mean half the number of tires, and turned in trucks with tires missing. A buyer, on the other hand, usually takes the term to mean each of the truck's tires must have at least 50% of its tread depth left.

With the UTA Trade Terms & Conditions, the guidelines do away with percentages and spell out a minimum tread depth and condition. The publication covers engines (mechanical and electronic), drivetrains, brakes, tires, frame, cabs, sleepers, and bodies. It also takes into consideration de-identification, safety inspections, and fleet trades.

The guidelines also lay out a step-by-step approach for how the used-truck appraisal process should be handled, including the necessary paperwork and documents. For a free copy of the UTA Trade Terms & Conditions, access www.uta.org.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!