How can I finance a truck

If your credit is good, go talk to your local bank or credit union.

 

If the truck is at a dealer lot they can have your loan aprov. before you get cold feet?

 

You need to have 15-20k In kitty before becoming an o/o set aside to cover incidentals , fuel , repairs etc

 

Everybody wants to be an OO today with zero to no money down. Come on people no wonder the industry is doomed

 

I have 3 friends all who got a truck at 'arrow' truck in phoenix...5k down, $1400 a month, if you have crappy credit, they will still approve you if you can have a carrier tell them your going to run for them...
An example of what you might find..

I recommend you spend at least 10 hours on here researching the subject...
When you go into it inexperienced, your putting your livelyhood up against luck...Lots and lots of guys here detailing out the journey, it aint no cakewalk !!

 

10 hours a day for 7 days at least!

I looked at @double yellow 's company -> independent thread. Read it all, still don't feel sure enough to go by myself.

He outlines EVERY half penny. ~$63800 was his rough estimate on start up cost. That's buying his equipment out right, no banks.


Good luck in whatever you do. I don't finance anything. So I'm of no use to you there! Sorry!

 

My heart goes out to anyone trying to start a new business around 90% of first time businesses go under and a large contributer to that is the financial side to it, it is especially hard to get a loan if you don't have much of a credit history their going to charge you a higher rate. I've also seen an idea out there where people have been able to finance by soliciting the public for loans and out right donations it is a very good option the finance industry naturally is all against it. Its called "Crowd Funding" the website is https://www.chuffed.org keep those wheels arollin and Gitda-done

 

there are pl aces you can go to to get financing but you will need some money down most banks want some sort of commitment on your part expecially if you have no o/o background and you'll to have fall back money for repairs down time taxes there all going to happen getting the truck is the easy part but I do have a number in new England that will help