Getting a loan for used truck

Bank? Credit Union? "Les" at Gold & Pawn in Detroit?

It's tough, especially on a used rig from a private party. If you have a long relationship with your bank, maybe? They don't like to finance used equipment much, especially with the market as it is. A lot of used equipment on the lots gets moved either via cash & carry, or in-house financing.

 

Try Transport Funding Group. Its who I use. But you need a decent down payment no matter what lender you use. I put $10,000 down on a $44,000 truck. My credit is average with not many assets, amd they still funded.

 

Credit unions are good for this in most areas around the country. Most of them will work with commercial trucks and are flexible on credit. If your credit is down right bad we can help (Capital Solutions) but a credit union would be your first try.