approved for a truck

thai woulnt pay 30 grand for a 17 grand truck.. No one would but you r being smart about it though u r buy a cheaper truck.. You dont wont a big payment. Hard to make these days.

 

The first thing truck lease or sellers do is say, you have bad credit. Second thing they do is say pay it off in 36 months. Why? So they can suck every mile out of your pocket and put it in thiers. There is NO!!!!!! Hurry take your time the market is flooded with trucks, be prepared to walk away. There is no reason a bank will not lend on a commercial vehicle for 60 months at a decent percentage rate. And you dont need your home as collateral, the truck is.

 

Got that right I am not lookin to be mr fancy pants. I am lookin at under 25000 and get me a 500 or less payment. I mostly pulled reefer, but there is intermodle and waste management, and fuel over here.

 

So where do you get these trucks for 0% interest that everyone seems to think exist? I have yet to see one.

OP I say if it fits your budget and plans then go for it just have your plan in place and stick to it. Good Luck

 

0% interest = CASH = 0% interest

 

best way to beat interest with a low payment like that is to double up on it.. but dont just send $1000 as one month payment, cause they may see that as two payments and you're not really beating the interest, just making two payments at once.. instead, make the first payment when it's due (example 01 Mar 2010) and then make another payment a week or two later, but make sure it's only the principle amount.. it's a quick way to knock your balance down cause the entire amount of the payment is going to the loan balance and none to interest. and in the end your interest payments will get smaller quicker.. i did it with my bank and my pickup a couple of years back.. i would double up on the payment, but it did nothing to interest, it just allowed me to skip a month, cause it didn't see the payment as interest and two principal payments, it saw it as two interests and two principal payments. oh and make sure there's no backlash for early pay off.. got hit for $500 for paying my truck off a year and some months early..

 

The federal governement allows fledgling businesses low percentage loans. Usually 1%

http://www.sba.gov/

 

Nothing wrong with that setup. Just be sure you have the discipline and ability to leave your maintainance/tire fund alone. I had a worse deal than that and made it work with no problem and not even running hard. One thing is being a freightliner make sure it didnt come from a big comany with those 30,000 mi service intervals. A trip to a good mechanic or at least speedco for an oil analysis on the motor, trans and rear ends would be a good investment. Let us know how it turns out.

 

Take that loan approval and shop it to other lending institutions. An '04 Freightliner with those miles for $17,500 I think is a pretty darn good deal, but with that deal I'm assuming is the loan you're telling us about from the same place. Buy here pay here?