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Your 1st truck finance purchase

Discussion in 'Ask An Owner Operator' started by snowwy, Sep 8, 2019.

  1. Sep 8, 2019 #1
    snowwy

    snowwy Road Train Member

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    Jul 6, 2009
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    Did you have to provide letter of intent to work or lease on? To satisfy whatever program financed you.

    Or was you just able to finance and do your thing. Leased or own authority?

    I don't want to hear about cash. I want to hear about finance. :biggrin_25519:
     
    snowwy, Sep 8, 2019
    snowwy, Sep 8, 2019
    #1
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  3. Sep 8, 2019 #2
    Cat sdp

    Cat sdp . .

    19,870
    64,160
    Apr 8, 2012
    Orion's Belt
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    Letter of intent to lease on....... brand new tractor from kw dealership financed thru Paccar....
     
    Cat sdp, Sep 8, 2019
    Cat sdp, Sep 8, 2019
    #2
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  4. Sep 9, 2019 #3
    Long FLD

    Long FLD Road Train Member

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    Local bank in my hometown, met with the owner and said “I’m going to do this”.
     
    Long FLD, Sep 9, 2019
    Long FLD, Sep 9, 2019
    #3
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  5. Sep 9, 2019 #3
    starmac

    starmac Road Train Member

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    Apr 11, 2019
    Fairbanks Ak
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    Exactly, and the first thing out of my bankers mouth, was we DO NOT FINANCE TRUCKS, but they did. lol
     
    starmac, Sep 9, 2019
    starmac, Sep 9, 2019
    #3
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  6. Sep 9, 2019 #4
    Long FLD

    Long FLD Road Train Member

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    My banker has always liked me. I do monthly payments instead of yearly like all the farmers and ranchers do.
     
    Long FLD, Sep 9, 2019
    Long FLD, Sep 9, 2019
    #4
    Tug Toy and Truemac Thank this.
  8. Sep 9, 2019 #5
    starmac

    starmac Road Train Member

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    Apr 11, 2019
    Fairbanks Ak
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    My first one, I actually did quarterly payments on. All the rest has been monthly.
     
    starmac, Sep 9, 2019
    starmac, Sep 9, 2019
    #5
  9. Sep 9, 2019 #6
    Ridlingdj

    Ridlingdj Medium Load Member

    414
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    Dec 12, 2018
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    I do biannual payments for everything that I can but I'm a farmer works great get a crop in pay your Bill's
     
    Ridlingdj, Sep 9, 2019
    Ridlingdj, Sep 9, 2019
    #6
  10. Sep 10, 2019 #7
    77fib77

    77fib77 Road Train Member

    8,580
    48,917
    Jul 7, 2010
    St Louis
    0
    I borrowed money unsecured and used that to buy an older truck.
     
    77fib77, Sep 10, 2019
    77fib77, Sep 10, 2019
    #7
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  11. Sep 10, 2019 #8
    Oscar the KW

    Oscar the KW Going Tarpless

    12,246
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    May 19, 2011
    0
    Financed 100% of my first truck. The lender didn’t ask any questions, just gave me the money and said good luck.
     
    Oscar the KW, Sep 10, 2019
    Oscar the KW, Sep 10, 2019
    #8
    Tug Toy and HoneyBadger67 Thank this.
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