Any other choices to get a truck with bad credit other than Lone Mountain?

Discussion in 'Trucker Taxes and Truck Financing' started by Walleye05, Feb 15, 2015.

  1. lokahi117

    lokahi117 Light Load Member

    Oct 7, 2012
    Hmmmmm.....I'm interested in this too.
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  3. Roadawg

    Roadawg Light Load Member

    Feb 15, 2015
    Another option is to talk to:

    Mechanics/shop personel (mom and pop shops)
    Owner operators
    or anybody else in the trucking industry within your area.

    Tell them you are looking to buy a truck, and most of the time, one of them will say something like "Ole so and so is selling his, he is tired of trucking, let me give you his number". Depending on their situation you maybe able to buy a truck with seller financing - you just pay the owner until its paid off. If you have atleast $5k to put down, some will entertain the idea if they have an truck just setting there.

    If you go this route - This is key right here. Talk to them every week or two until you find one. This will show that you are persistent.

    I did this with the truck that I'm buying this week, it took a few months and then one day, BAM!

    In fact, I had another guy call me 2 weeks ago trying to sell his truck on terms because he can't drive anymore from health issues.
    kimbosa Thanks this.
  4. marineman227

    marineman227 Dock Waterer

    Jan 26, 2008
    Neenah, WI
    When you're denied credit they list all the possible reasons which may or may not apply to you. Best bet is to call them and see what they say.

    With that if you have enough saved for a down payment at lone mountain but still have bad debt your priorities are in the wrong place
  5. Ex-Con-Trucker

    Ex-Con-Trucker Medium Load Member

    Oct 1, 2011
    Atlanta, Ga
    There's NOTHING these credit repair companies can do for you that you cannot do for yourself. I took my credit score from a 534 to (as of today) 693 in 24 months. When I started, I couldn't get a Verizon account without a 500 dollar deposit. Today, I have an American Express, new 5.3l crewcab Silverado, and 55k in available credit through various credit cards. There's a ton of valuable resources out there. forum is a good place to start. In my opinion, if you really wanna succeed as an o/o, fix your credit. It's not as hard as you think, just time and persistence. If you go to a bad credit dealer, you'll end up paying for the truck three times before it's paid off, which is a good way to fail.
  6. rabbiporkchop

    rabbiporkchop Road Train Member

    Feb 9, 2012
    Wapwallopen, Pa
    You could work for J.E. Transport for a couple years and have the extra money to pay cash for a truck after a year or two and avoid the interest payments.
  7. TA1199

    TA1199 Light Load Member

    Sep 12, 2015
    Staten Island, NY
    Forget about pay for credit repair sites. Check this site out. It has everything you need.
  8. Pork Chop Express

    Pork Chop Express Light Load Member

    Jul 30, 2015
    My credit was below yours and they approved me...I had no income, but I did have a place I was leasing onto. Best of luck to you.
  9. Raxus

    Raxus Bobtail Member

    Jan 19, 2017
    SW Iowa
    ^^^^ This site is INVALUABLE!! Use it, ask questions, and do not be afraid to take YOUR credit into your hands. I 100% agree most of the so-called credit repair companies are a plain rip-off. You can do everything they can, all it takes is time and effort. I have been there, trust me was a life saver.

  10. Mark Kling

    Mark Kling Technology Contributor

    Sep 23, 2007
    Statesville, NC
  11. truckerlife74

    truckerlife74 Medium Load Member

    Nov 7, 2012
    Charlotte nc
    On a serious not anybody can repair their credit by getting your free credit report and understanding how to delete old info, inaccurate info etc if you need help with tips or questions I will be glad to help I went from a 580 to a 670 in the matter of months by using credit karma and paying off some old collections and getting old info deleted and updated
    GoBucks43228 Thanks this.
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