Best place to finance/lease to own a truck with good credit

Discussion in 'Trucker Taxes and Truck Financing' started by freightwipper, Jan 18, 2017.

  1. freightwipper

    freightwipper Road Train Member

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    I'm currently leasing a truck through Schneider finance, 2 years into a 3 year lease.
    Obviously going through the carrier to get the truck is costing me.
    I have good credit and am wondering what would be the best place to get a good rate and buy out from under my flease.
     
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  3. strollinruss

    strollinruss Road Train Member

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  4. CJndaTruck

    CJndaTruck Road Train Member

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    FW if you have good credit you may want a signature loan from your bank. Odds are that you won't be able to finance what your payoff is. It's just the way those leases are set up. Also does SNI have your title? Often with leases somebody else has the title and it can take months to track down.

    I don't know how SNI leases work but it might be easier to walk away and just buy from a dealer. Remember no matter what you are going to need 2-3 months of expenses (fuel, ins.....) set aside because you will not see any money at first.
     
  5. sealevel

    sealevel Road Train Member

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    I have had really good luck with credit unions. Typically they are willing to take more risk and offer a lower rate than traditional banks. Could be worth checking into if your not already a member of one.
     
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  6. driverdriver

    driverdriver Road Train Member

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    You can walk away but sni will keep your maintenance account$ as long as he's been here that's probably about 10k he would be giving away.
     
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  7. freightwipper

    freightwipper Road Train Member

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    If I walk away from my lease supposedly Schneider grabs about $12,000 from all sources that would come back to me if I finish out the term.
     
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  8. Cat sdp

    Cat sdp . .

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    On new a KW I've always dealt with paccar financial ....
     
  9. freightwipper

    freightwipper Road Train Member

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    how'd that workout?
     
  10. Cat sdp

    Cat sdp . .

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    Fine , the interest rate was competitive and it's one stop shopping....
     
  11. HalpinUout

    HalpinUout Road Train Member

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    What's the interest rate?
     
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