Best place to finance/lease to own a truck with good credit

Sorry should have said

Interest rate was competitive for the time....

Last one was in 07.

 

Gee ya think lol. Of course it's costing you. Here is a news flash.....YOU HAVE NO RIGHTS TO THE TRUCK! It is not yours. You are paying on nothing! I don't care what they have you sign.....unless you have a title with them listed as a lien holder you have zero. You are a company driver.

There are several companies out there like Lone Mountain and others that will put you in a truck with a small down payment....and you get a title with them as the lien holder. It will be expensive....however you can take the truck where u want.

 

@freightwipper ....I dont think that's what @MOGLAR said.

Are you planning to run under your own authority? or get leased on to someone elses authority?

 

Great, you feel better? Could you actually answer his question?

 

I believe he's looking at running under his own authority.

My local bank or credit union won't finance trucks, so I used a broker. I hear bmo is pretty good, but I'm not sure if they'll finance to get out of a lease.

@freightwipper do you have a relationship with your local bank?

 

I got a trailer financed with BMO...I would recommend them.......(I wanna say they are formerly GE)

 

I had one financed with them too. I think 10.5%. Pretty high. Local banks are around 7.5%

 

I have near perfect credit and got a 6.5% loan........ Not bad for a commercial loan...

There are other loan sources out there.....you just gotta find em...

 

That's simple any financial institution that's willing to take on high risk loans at very low rates i wish you well trying to get that.