Need to finance tire
Discussion in 'Ask An Owner Operator' started by tinawngr, Jul 9, 2017.
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I think most larger shops will let you finance large tire purchase.
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If you have to finance a tire purchase, what is your plan when something actually goes wrong with the truck? Seriously. I just picked up a pair of virgin 16-ply 11R24.5 tires for my steers that were made in the USA for $350/ea. If you need a loan to cover that, you might just want to put the "for sale" sign back in the window of the truck (if you have bought it) or hand back the keys and walk away if it is a lease.
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Probably won't be too helpful to the OP, since there seems to be a lack of experience and time in business. But maybe others will benefit.
I've had a trade account with a line of credit (net-30) from Goodyear for a few years. I was in there toward the end of last year getting a row of trailer tires and mentioned I would be buying drives soon. Mainly just to get an ETA on an order since they don't normally stock the one I wanted.
Since I've had my account open and in good standing for some time, they offered a three payment (90 day) deal that had nearly zero finance cost. Sure took the sting out of a $4,000 set of drives. Worked out so well, I replaced the drives on my other truck on the same deal once those were paid for. I just bought an auction truck that will be getting all 10 once it comes out of the mechanical shop. I'll do the same thing on that one.
If you have sufficient time in business and good business credit, ask your GY dealer about their Preferred Fleet account and fill out an app. A great feature for me is it bills through my local dealer so I get Georgia sales tax exemption on tires bought at any dealer. Important to note this is not the same thing as Smart Fleet, which is a national pricing deal but bills COD from the dealer that provides service. If you have a good dealer, they can and normally will match or beat the Smart Fleet pricing.
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