Anyone accept 10% down on financing?

Discussion in 'Trucker Taxes and Truck Financing' started by dynogt16, Aug 11, 2013.

  1. dynogt16

    dynogt16 Light Load Member

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    Thanks a lot guys. I am a ooida member I printed a credit app. For them too.
     
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  3. TruckerPete1990

    TruckerPete1990 Road Train Member

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    Wish I had good credit lol I would buy a truck
     
  4. Saddletramp1200

    Saddletramp1200 Road Train Member

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    Houston Texas,USA
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    New Owner, Make sure you have 15,000.00 in a bank. Being an Owner Operator is not cheap. I'm not talking about loan value, separate. Tires blow out, ect. Just to be safe.
     
  5. spyder7723

    spyder7723 Road Train Member

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    in a perfect world you would have 15 grand set aside after set up costs, but let's be real. as a first time buyer you are gambling you don't throw a rod in the first 2 months. a couple grand to cover a cut tire and other minor type repairs should do you fine. also as long as you are buying from a reputable dealer the truck will have a limited warranty covering catastrophic stuff( throwing a rod through the block,a rearend exploding, tranny coming apart,etc). I would make putting aside enough money to replace the engine if needed a big priority once you get going tho. also have the carrier you will be leading into lined up with an intent to lease letter in your hand before buying the truck.
     
  6. Lucar

    Lucar Road Train Member

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    trucknation.net got me approved with 580 and 20% down
     
    blacklabel Thanks this.
  7. truckon

    truckon Swamp Thing

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    that's why so many fail.
     
  8. spyder7723

    spyder7723 Road Train Member

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    and fear of failure prevents many from succeeding.
     
    MoneyCat, snowblind and blacklabel Thank this.
  9. Lucar

    Lucar Road Train Member

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    No pain no gain, no risk no win..
     
    MoneyCat Thanks this.
  10. truckon

    truckon Swamp Thing

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    ...................
     
  11. truckon

    truckon Swamp Thing

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    Dec 16, 2011
    Like I'd tell you!
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