Who offers overhaul finance if you have a loan in truck?

Discussion in 'Ask An Owner Operator' started by Siinman, Oct 2, 2019.

  1. Siinman

    Siinman Road Train Member

    4,677
    11,748
    Mar 5, 2017
    Kansas City, MO.
    0
    Have to do a overhaul on engine Volvo D13. Waiting on answer from the company I financed the truck through if they will do it. CAG will not do anything unless free clear title. Just seeing if anyone has had any experience with this. Pretty sure I will get the approval but they take 1-3 business days and want to make sure if they won’t have some other options. Decent credit but only 10 months in so most places want 2 years before loan. Thanks
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. snowwy

    snowwy Road Train Member

    19,720
    12,268
    Jul 6, 2009
    0
    Decent credit?

    How about score?

    Low debt and high score. A signature loan can be had anywhere. Seems like.

    Low score won't be so easy. High debt will make it even harder.
     
    Bean Jr., Intothesunset and Siinman Thank this.
  4. Bill O’lading

    Bill O’lading Light Load Member

    106
    107
    Aug 11, 2019
    0
    dailmer financed me an overhaul. I also had my truck financed through them so that might have helped
     
    Intothesunset and Siinman Thank this.
  5. Siinman

    Siinman Road Train Member

    4,677
    11,748
    Mar 5, 2017
    Kansas City, MO.
    0
    This is who I am financed through as well. How long did they take to get it approved? Said would take 1-3 business days.
     
  6. xsetra

    xsetra Road Train Member

    4,907
    6,539
    Aug 21, 2011
    0
    Try your local bank or credit union.
     
    Intothesunset Thanks this.
  7. Siinman

    Siinman Road Train Member

    4,677
    11,748
    Mar 5, 2017
    Kansas City, MO.
    0
    Most wont touch you unless business is 2 years old.
     
    snowwy Thanks this.
  8. autopaint

    autopaint Light Load Member

    135
    353
    Jul 26, 2019
    0
    You can try lightstream.com but I think their niche is upper-tier credit scores. It doesn't hurt to ask.
     
    Siinman Thanks this.
  9. win-some-loose-less

    win-some-loose-less Medium Load Member

    691
    997
    Apr 19, 2010
    Mount Vernon tx
    0
    Lending club gave a buddy 20k on a signature, 6% 36 months.. something to think about if you have good credit
     
    Intothesunset, Siinman and snowwy Thank this.
  10. snowwy

    snowwy Road Train Member

    19,720
    12,268
    Jul 6, 2009
    0
    I was told established business checking account. 2 years.

    I can get a signature loan. Up to $10G with my credit union. And another credit union I have. To buy a truck. But I can't get a $60G truck loan to buy a truck. Although my other credit union supposedly has no limit for a signature loan. 10 was all they'd give me.
     
    Siinman Thanks this.
  11. starmac

    starmac Road Train Member

    6,642
    12,524
    Apr 11, 2019
    Fairbanks Ak
    0
    It may not hurt to talk to whoever is holding the note on the truck, they have a vested interest in it now, and just may refinance it to try and save their investment.
     
    Swine hauler Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.