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looking fo a finance company

Discussion in 'Experienced Truckers' Advice' started by RicanTrucker, Jan 19, 2014.

  1. Jan 19, 2014 #1
    RicanTrucker

    RicanTrucker Bobtail Member

    3
    0
    Jan 5, 2014
    Blakeslee,Pa.
    0
    Anybody Recommend A Finance Company For A First Time Leasee With Not So Good Credit Even Though I Have Paid Off Two Vehicles Already. I'm Considering Leasing A Truck Then LeasIng On With A Company.Such As LandStar. Also Could Anybody Offer Any Tips On WhatType Of Truck To Get.Thank You
     
    RicanTrucker, Jan 19, 2014
    RicanTrucker, Jan 19, 2014
    #1
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  3. Jan 21, 2014 #2
    Allaby

    Allaby Light Load Member

    70
    17
    Aug 17, 2011
    Macungie, Pa
    0
    Northland Credit Corp. Outta MN

     
    Allaby, Jan 21, 2014
    Allaby, Jan 21, 2014
    #2
  4. Jan 22, 2014 #3
    Wooly Rhino

    Wooly Rhino Road Train Member

    3,367
    5,648
    Jul 6, 2008
    Liberty, Missouri
    0
    Go to the process of applying with the Small Business Administration first. They will work with your lender. You should have a local bank where ever you live. Go in and talk to a loan officer. Buy a truck and then lease it on. Do not lease a truck. You will pay 11% plus on a lease. Buying is more like 6%.

    Taking your banker out to lunch or to play golf is a good way to start a relationship. Also, join your local Rotary Club or another men's club. Yes, I am a sexist. Working with retired business people can improve your credit and open up other forms of finance.
     
    Wooly Rhino, Jan 22, 2014
    Wooly Rhino, Jan 22, 2014
    #3
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