how likely is 100% financing
Discussion in 'Trucker Taxes and Truck Financing' started by elliott, Oct 4, 2007.
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I assume your credit history would have a lot to do with it, but what kind of APR rates are lenders getting for a used truck loan?
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Well, we are paying 8.75%, but if we default on ONE payment, it jumps to 15% immediately.
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Don't for the worst. Plan for the best. Pan for the best overhaul because you know it may come. plan for all the items a good business plan calls for
DON'T BUY ONE TRUCK, WHEN YOU CAN BUY TWO. Have a back up.
Ever go to buy a car for 8000 and find your just as quaified to buy one for 16000?
Just do it! Don't sit around and listen to ney sayers. Don't be afraid to succeed!
some successes just aren't as good as others, but as long as your not sitting on your
rear singing the blues you'll be fine.
I'm 58. All my not so succeesful income ventures have always lead me to something
better. The worst thing is to not try and wish you had.
Even worse is waking up to a old guy in the mirror who never took a chanceSacred Feline, The Challenger, TURKER and 1 other person Thank this. -
*Tear* this is what i like to hear. Everyone keeps telling me its a bad time to buy a truck, but i'm seeing great deals to be had.. If i can get financed and get going and weather this storm we call a bad economy, hell, when things pick up i'll have a low truck payment or none at all.. and that'll be on a truck that i actually like to drive! >.<
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There are definitely good deals out there. I just saw a 2005 Pete with a 63" sleeper for $35k. I think it had 600k miles on it.
Good luck to you!1lthippo Thanks this. -
Dear GOOD AS GOLD
With a credit score like that you can buy the freaking " WHITE HOUSE ".
Don't lease, Buy! Get a 3-4 year warrenty and MAKE THEM BUY YOU A STEAK DINNER.! (FOR THE WHOLE NIEBORHOOD)
P.S. With a credit score of 740 YOUR IN CHARGE! If they don't give
you what you want go somewhere else.
Respectfully
1lthippo -
LIKE I SAID EARLIER. WITH A CREDIT SCORE OF 740 YOU CAN BUY ANYTHING.
To off-set failure liabilites should check out incorporating.
It's very easy to get corporate credit, and if your business goes
south for any reason your protected.
Save yourself, your house and familly.
It's worth checking out.
1lthippo -
nice truck. ( mid-life red ) I love it. My mid-life Tr7 is red.
Who you working for or can you say? -
Thanks. It is USA Truck, but not the USA trucks that are white with the blue logo. Just a local company, 5 trucks.
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