Where can I get a '07 Peterbilt dump truck financed?

Discussion in 'Trucker Taxes and Truck Financing' started by RomanSGI, Apr 1, 2015.

  1. RomanSGI

    RomanSGI Light Load Member

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    Oct 24, 2011
    Haslet, TX
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    Hello everyone!

    Anyone know where I can get a 2007 Peterbilt strong arm dump truck financed? I need 75k financed, truck has 450k miles. These trucks are normally 210k brand new.

    Most banks and commercial finance companies want to only finance 2008 or newer trucks. I have good credit. I've had a 2012 Cascadia financed since march of 2014. Which is a little over 1 year from today. That company said they will happily provide me with financing but I need a 2008 or newer truck.

    Does anyone know if GE Capital will finance an 8 year old truck. Or any other bank or financial institution?
     
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  3. icsheeple

    icsheeple Trailing the Herd

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    Kansas City, KS
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    I financed my truck with Bank of the West. They put a lien on the title and set me up with a commercial line of credit I can draw against should I need more money. I think they got me at 6.5%
     
  4. RomanSGI

    RomanSGI Light Load Member

    98
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    Oct 24, 2011
    Haslet, TX
    0
    Thanks for your reply!

    How long ago was that? And was that for your '01 classic? What documents did they require? Anything else besides last 2 years of tax returns?
     
  5. icsheeple

    icsheeple Trailing the Herd

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    Yes, that was for my 01 Classic. I think they just ran my credit. I don't remember giving them any tax returns. If you find a truck at a dealer they usually have a bank they work with.
     
  6. ChromeDome

    ChromeDome Road Train Member

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    Lakeland, FL
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    Many times local banks are a better bet than the big ones. They have different rules and know the area, and have an idea if you can make money with your plan.
     
  7. Cat sdp

    Cat sdp . .

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    ..........
     
    Last edited: Apr 4, 2015
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