New (er) truck purchase

Discussion in 'Ask An Owner Operator' started by Chris M., Sep 27, 2020.

  1. Judge

    Judge Road Train Member

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    I use Ally Financial, used to be GMAC.

    They do equipment too.
     
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  3. Scooter Jones

    Scooter Jones Road Train Member

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    That's a main key. A lot of it is relational.

    I paid off a new 25k dollar trailer 5.5% loan early and received a letter from the president of the bank expressing their desire to do it again.

    This go around they're teasing me with 3.75% money.
     
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  4. Midwest Trucker

    Midwest Trucker Road Train Member

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    That is one thing I’ve noticed. The less I need the banks help, the more they want to give it to me. lol
     
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  5. feldsforever

    feldsforever Road Train Member

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    Buy a service manual a laptop for the program. And have 6 k saved for the pdf filter. And you be fine.
     
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  6. gpf87

    gpf87 Heavy Load Member

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    Also get a Nexiq usblink and the latest copy of DDDL for Detroit or Insite if it's got a Cummins
     
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  7. Transportacion R&R

    Transportacion R&R Light Load Member

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    Did they include any warranty on these? did you buy extended warranty, just curious, thank you. How many miles on the trucks?
     
  8. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Got my last one used no money down 7.9% interest, 4 years.

    I was looking at new when things were in the toilet with the virus, and everyone had their hand out, paccar was 10% down 7% interest.

    Now I was told everyone's ### puckered up tight in the financing end when the virus hit.

    I think they were just trying to offset the huge discount on the price.

    Haven't really looked since.

    The length of your cdl is a factor. If you have an established business credit ( like your trailer payments) it will help as well.

    You need a business checking account.
    2 years minimum with good balance, etc., and you're bank will beat any dealership.

    You could probably get 3 or 4 percent from your bank on a new purchase.

    There's a lot of variables though.

    What do you haul?

    International is giving prostars away. $120K for one with an X15 and an auto. That's a bargain.
     
    Chris M., Brettj3876 and feldsforever Thank this.
  9. Judge

    Judge Road Train Member

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    1 year/100k Freightliner s warranty, not the aftermarket scams, miles on this one was just over 500k, some were 300-500, I just knew where this truck came from.
     
    Chris M. Thanks this.
  10. Chris M.

    Chris M. Light Load Member

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    reefer mostly but I have a curtain van too. Im just looking at the moment but I keep getting a bit more serious the more I look. I like the 579s but I want nice w900 too
     
    Dave_in_AZ Thanks this.
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