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.

Voice your opinion!

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

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...