Best Trucker friendly Loans or Company to get loans with ?

Discussion in 'Ask An Owner Operator' started by Erickfrias, Dec 12, 2018.

  1. Erickfrias

    Erickfrias Bobtail Member

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    Dec 12, 2018
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    i’m a O/O and my truck is been at the shop for 2 weeks now but I don’t have enough money to pay it off, any suggestions?
     
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  3. Spyro2112

    Spyro2112 Medium Load Member

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    Lease a truck till u pay it off
     
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  4. Eddiec

    Eddiec Road Train Member

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    Get a hard copy of the "Truck Paper" from your local truck stop. It has a section in it listing companies that provides loans.
     
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  5. adayrider

    adayrider Road Train Member

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    Wait till they close and steal it.

    I'm joking
     
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  6. Gdog66223

    Gdog66223 Road Train Member

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    Lease or rent... I know a few leasing companies that might let you do like a 2 month lease until you get it payed off...
     
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  7. Erickfrias

    Erickfrias Bobtail Member

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    Thanks, can you give me some names if you don’t mind?
     
  8. Gdog66223

    Gdog66223 Road Train Member

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    Yea I'll pm them to you
     
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  9. Final Drive

    Final Drive Road Train Member

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    The place where you do your banking, they already know your earning potential..
     
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  10. Midwest Trucker

    Midwest Trucker Road Train Member

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    If you own your truck outright maybe approach your bank about a line of credit using the truck as collateral.
     
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  11. Opendeckin

    Opendeckin Medium Load Member

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    The time to be asking for advise was long before this. All you can do now is hope your shop or a bank will give you a loan to keep you in the game.

    You need to learn what your costs of operation for each mile are and never let your running mile get below that. Getting a Quickbooks online account that links to your bank accounts and credit cards is a great easy way to track your numbers and makes filing your taxes a breeze.
     
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