Has anyone financed a truck through wells fargo? If so are you happy with them? Ive heard bad things about them on other types of loans. What kind of interest do they give if you have good credit?
truck financing through wells fargo?
Discussion in 'Trucker Taxes and Truck Financing' started by Cbake84, Sep 21, 2013.
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Yes my brand new 1996 Freightliner. Normal dealings with them - you pay on time you don't hear anything from them, you pay late.... ? I never paid late.
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thanks semi crazy, i appreciate the info!!
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I'm thinking about using them too. Do they only offer loans on brand new equipment? Or used as well?
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Assuming things are the same as when I was familiar with their policies....
-Yes, they offer financing on both new and used equipment.
-It's a business loan, not through WF Auto Financing. Though if you own your home and get an equity line, you can pull the money from the line. Just don' tell them that's what you intend to do with the money while you're in the application process. Wanting the money for business purposes is an automatic disqualifier.
-Pay on time and you won't ever hear from them.
-Pay late and the penalties are clearly spelled out in the loan docs.Cbake84 Thanks this. -
a Gov't backed business loan? like an SBA loan?
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Eastwood, you can go to the Wellsfargo website and read info on their small business loans for vehicles and equipment
Cbake84 Thanks this.
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