Engine Overhaul Financing

a good maintenance account, a certian CPM, or % of every load put away for that sort of expense.
If the engine lasts 3 years and you save 10 cpm, thats 30K at 100K miles a year.

Just my two cents. I hate financing anything. Rather pay cash, and not have to worry about it.

 

I think the only way a bank would finance a rebuild would be to hold your truck as collateral. That means the title would be in the banks name. If the truck is already financed then you're out of luck. I don't think you will find anyone to give you a loan for that. It's not something they can take back if you don't pay.

 

mabey the TA will finance it for ya

 

i have had guys get overhauls fianced. i do believe they used the truck for collateral. also some dealerships now may set u up with a payment plan, they may check your credit and may hold the title to the truck too.

 

Thank you FYDA for your comments. I figured a dealership like you had the power to do it and knowledge for this person. However before all us jump to any conclusions we need to know if this truck is financed already as SKTBRD mentioned. If it is not, then I would start making calls to the Freightliner dealerships. If you have good credit and find a dealership, then I would not see a problem in financing this.

MM,

What could TA do????

KH

 

I've always preferred to have my engine work done at OEM. That way you get somebody working on your engine that that is all he does, not somebody that may be doing a rear end one day, a wiring problem another and your engine on the third day. Some dealerships have dedicated engine people but they are getting hard to find.

 

If you get a bank business credit card they sometimes send you checks you can cash against your credit line. The rates are low at first but go up later. It's an option, can't say it is the best.

 

thats how we do it here, i got 3 guys thats almost all they do is engine overhauls, got 2 more that do all the trans and rearend work. and having your work done at a dealer carryies alot of benfits, techs are up to date on schools, if a part fails a dealer replaced it is easier to get warrenty on that part at another dealer. and alot of times u can get parts cheaper because that little shop has to buy the parts from a dealer anyways,, and that little shop is going to mark the parts up