Invested $20k in Company Leased Truck, Looking For Independent Financing

Your problem is going to finding someone who will finance the remainder of your truck with bad credit......They will usually require 10 to 20 % down.......Seeing how you already have the truck it may be a little easier for you depending on how long you have been driving and how long you've been making the payments and if they have been on time.

You can give this person a try. Call Kindra @ P: 972-247-8447 ext 12 She may be able to fit you with a bank that can help you out or go to go to www.cffnationwide.com And go ahead and fill out an application....should be short and sweet ( it's the same place )

 

Told ya!!!

 

first off, you haven't really "invested" 20,000. you have ran the truck and made payments , maint accts etc, that totaled 20,000. if you had 20,000 in cash and put it down on a truck that would be investing.

you have invested more time than anything.

 

Skateboardman has it right but try gecapital truck loans or commercial loans.

 

ok, this is where you should start. Ask your carrier for documentation of all the payments you have put toward the truck, with letter from your boss specifically indicating these funds are yours and have been put towards the purchase price of the truck.

You will also need the remaining balance owing on the truck ie: the amount left towing to the carrier.

Then speak to a leasing company that specializes in heavy trucks to see if they will pay out your employer. The leasing company will have other conditions ie: letter of employment, possibly income tax returns.

This is the best way to start otherwise you may just walk away from your money. Let me know if you need more help.

 

i'd say ride it for one more year "very wisely"
meanwhile work on improving your credit, pay off charged off accounts, derogatory accounts, collection accounts and lower Credit Card balances, 6 months into this process contact a credit repair agency and work with them throughout the other 6 months to complete the year. then go to a bank that specializes in commercial loans and walla..
Good luck.