In Canada I required 2 years experience to qualify for a loan to get a used truck for $65K with a $13K downpayment. Whats the requirements in the USA is it a minimum experience thing to for financing?
Requirements to get your first truck
Discussion in 'Experienced Truckers' Advice' started by DrBigRig, Aug 19, 2022.
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Whatever the loan provider requires. No minimums, no maximums.
Another Canadian driver, tscottme, DrBigRig and 1 other person Thank this. -
Yeah
They don’t care like that here but they’re also not quick to take any chances either
They like to see some sort of game plan and history which I suppose is about the same in the endAnother Canadian driver, tscottme and DrBigRig Thank this. -
If you can afford a truck, get a CDL, insurance and authority, you can go to work with 0 experience
Another Canadian driver, DrBigRig, blairandgretchen and 2 others Thank this. -
Lenders want to know you are a minimum risk. Fresh out of the gate on monday, applying for a loan Tuesday, well, most will say sorry. Unless you have 80% down pymt.
Another Canadian driver, DrBigRig and tscottme Thank this. -
Pay cash, go to work.
RocketScott, Another Canadian driver, DrBigRig and 3 others Thank this. -
#1: A brain
haycarter, Another Canadian driver, DrBigRig and 1 other person Thank this. -
You know I’ve read a lot about being an owner operator, getting your own authority working under another authority like Landstar blah blah blah. But that aspect of it to me is still unknown. If you want to be a true 100% independent owner operator what are the steps? Nobody really describes them in detail.
How, who, where, do you go and get your own authority? Lol what the hell is it in the first place. And once you get your own authority, what do you do after that?Another Canadian driver Thanks this. -
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Boondock and Another Canadian driver Thank this.
Trucking Jobs in 30 seconds
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