is it even possible to purchase a tractor in the 50k to 60k range when my credit went downhill last year and a car repo if i had 25k down ? i already have a company to pull for hauling gasoline tankers and i have 11 years ORT and 4 years local fuel hauling even so will that be enough down payment ? plus 10k in my pocket to get started ???????
financing with bad credit
Discussion in 'Trucker Taxes and Truck Financing' started by denaswangin, Jul 11, 2018.
Page 1 of 6
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
25k might get you a ride. 10k won't last long if you have electrical problems. Sad but true.
-
even buying a truck with warranty ???
-
Most every warranty will only cover stuff in fluid. Electrics are are no no. Ask.denaswangin Thanks this.
-
how bout this one
what are my chances of financing a 50k -60k truck with EXTREMELY bad credit with 50% down ? and a place to put the truck to work already lined up ? -
If you can, you'll really not like the APR.
Broke Down 69, Dave_in_AZ and denaswangin Thank this. -
is it possible ? any recommendations ?
-
The folks selling the truck will hook you up with their lenders. Except 20% down and 25% APR
77fib77, Jazz1, Dave_in_AZ and 1 other person Thank this. -
Yes it is possible, you will not like the terms. Try kenworth in ft Wayne. I have A friend who had TERRIBLE credit, truck repo, recent divorce, house foreclosed. They turned him down for their in-house finance. But got it down using a LARGE down payment and some high interest bad credit private lender they knew. I wouldn't put down what he did and have payments as high as he did. But like he said he had no choice. He worked his ### of and paid it off in year and half. Guess you can do that when your single with no wife and no life.bzinger Thanks this.
-
If you dong mind me asking
With all that he had going on how much was his truck and what did he put down ??
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 6