Finance Companies for Trailers

Discussion in 'Ask An Owner Operator' started by JonasTtrucker, Jul 31, 2018.

  1. Freddy57

    Freddy57 Road Train Member

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    Nov 29, 2013
    Mount Vernon, MO
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    I bought mine about 4 years back, I got lucky and found just what I was looking for on the lot. In higher demand times it can be a lot more challenging for sure. I found mine at TEC in Fontana, I couldn't find anything in the Midwest at that time at all.
     
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  3. glockwise

    glockwise Light Load Member

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    Apr 24, 2014
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    Awesome, nice job adding while the fires hot.
     
  4. glockwise

    glockwise Light Load Member

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    Apr 24, 2014
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    BMO Transportation Finance (formerly GE Capital) will finance trucks and trailers. I'm pretty sure they do trailers with 0 down.

    Also, if you've been in business at least 2 years, check with your local bank about a SBA loan. Usually lower interest rates. Takes about a week to get it done.
     
  5. Hurst

    Hurst Registered Member

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    Aug 24, 2011
    Tampa, Fl
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    I ordered my trailer in June of last year. Didn't take delivery until Oct. Rates were still mediocre at best.

    But I had enough work to add a driver and I really wanted to see if adding drivers was something I could handle.

    When rates picked up it sorta took me by surprise because I started pulling loads that I normally don't do from shippers I wasn't familiar with. Just got lucky that everything has been working out.

    Things could change in the next 6 months. You just never know. I'm prepared and should be fine either way.

    Hurst
     
  6. glockwise

    glockwise Light Load Member

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    Apr 24, 2014
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    I'm sure you'll be fine. You've always seemed to be a guy who had their priorities straight when it comes to handling your money and keeping a maintenance fund. Just don't use too much on the go fast stuff under the hood.

    If you ever need anything or want a sounding board shoot me a pm.
     
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