Start-up seeks financing to buy truck

Discussion in 'Trucker Taxes and Truck Financing' started by AdamT2k, Nov 6, 2013.

  1. AdamT2k

    AdamT2k Light Load Member

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    Minneapolis, MN
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    Young professional couple seeks 100% financing for purchase of used truck. Excellent credit, joint applicants, strong gross annual income. Local banks are too stringent, internet banks seem shady, and everybody had to start somewhere! Please reply if you have first hand experience with a lender that worked for you! By the way we are in MN. Thanks.
     
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  3. jbatmick

    jbatmick Road Train Member

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    hastings, Fl
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    100 percent financing ? Good luck.

    Banks rarely loan on trucks alone, unless you are an established customer.

    Hmmmmmmmmmm, try a dealership, ask their advice. Freightliner had a good starter program.
     
  4. snowwy

    snowwy Road Train Member

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    there are guys with great credit. that had to put down 20%.
     
  5. NoCoCraig

    NoCoCraig Road Train Member

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    If you have strong gross annual income you should be able to come up with a down payment and you need operating capital.
     
  6. baha

    baha Road Train Member

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    5,000$ truck or 50,000$ all depends.
     
  7. missjhawk

    missjhawk Medium Load Member

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    it might be difficult to find 100% financing. i myself is planning on making the jump to o/o. i have found out that if you are 1st time buyer you have to put down 20%, but if you know somebody that is an o/o already and will co-sign you will have to put down 10%. if u got excellent credit this will help on your finance charges. in my research this is the best deal i have found. i don't no what kind of truck u want but look at this web site i post if you got good income save u 7,000 or u no tax season is coming there are other places like below website look this 1 go to www.commercialtrucktrader.com trucks are all over even Canada any kind of trk and year

    2010 Peterbilt 386, se habla espanol WE PUT OUR CREDIT UP SO YOU DON'T HAVE TO!!! 'Car, Boat, Bike or Truck Trade-In's Welcome' N O T U R N D N ' s N O C R E D I T C H E C K *INSTANT APPROVAL* 'P A Y M E N T S -U- C A N A F F O R D' WE DON'T CARE: if you have had a Repo, Bankruptcy, Bad Credit, or Tax Lein, Heavy Credit Card Debt, We Don't Care. Come Pick Up A Truck!! We Want To See You Make Money! and get $ Rich! $ 'NO CREDIT CK - INSTANT APPROVAL' LOW MILES, Cash $49,989.00 or $6,500.00.Cash/Trade NO TURN DN's NO CREDIT CK. se habla espanol PAYMENTS U CAN AFFORD Caterpillar , 430/470 HP, 10 Over, LOW MILES, NO OIL LEAKS, (STILL IN 7yr/750,000 Miles - FACTORY WARRANTY) THIS TRUCK IS LIKE NEW! REFIRIGERATOR, CHROME PACKAGE, SMARTWAY - COMPLIANT, 2-BEDS, 100% EPA CALIFORNIA COMPLIANT TRUCK. AMERICAN TRUCK GROUP * 888-539-5006 OFFICE WATTS * 228-539-5006 OFFICE Plus Freight Charge T-1

    American Truck Group (866) 609-4107
    Reference Stock #:
    3749
    [HR][/HR]9140 Canal Rd
    Gulfport, MS
    39503 (Map)

    [​IMG]



    See All Inventory | Visit Dealer Web Site
     
  8. NoCoCraig

    NoCoCraig Road Train Member

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    Be VERY careful what you recommend. There are many, many, MANY complaints about this company. Check out ripoffreport.com, they have their own large section. If it sounds to good to be true...............
     
  9. Florida Playboy

    Florida Playboy Road Train Member

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    Even when buying a used car they require at least $500 down. Please don't say you're wanting to become O/O's with virtually no money?
     
  10. Ridgeline

    Ridgeline Road Train Member

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    Its amazing to me that people who are supposed to think before they leap go on forums asking a question that shows that it is obvious they are clueless.
     
    jbatmick Thanks this.
  11. AdamT2k

    AdamT2k Light Load Member

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    Feb 6, 2009
    Minneapolis, MN
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    You guys are jumping to conclusions. We have the money. Just because I asked about 100% financing doesn't mean I'm a broke loser. The truth is in a little over a week we're spending $55k in CASH on a different big expense. I'd rather keep some of it in the bank than plop it all down on a downstroke and have little left for when I really need it! Everyone is so quick to criticize...
     
    Skunk_Truck_2590 Thanks this.
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