Finance vs paying cash?

Discussion in 'Ask An Owner Operator' started by magellan, Feb 17, 2016.

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  1. AModelCat

    AModelCat Road Train Member

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    That's the way to do it. I have walked away from some credit companies who refused to allow me to pay off early without penalty.
     
    AModelCat, Feb 26, 2016
    #101
  2. alien4fish

    alien4fish Light Load Member

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    Its actually called subprime auto financing, I was reading the Financial times and they were talking about the default rates on those 72-96 month auto loans jumped 24% in the past couple of months. its another subprime bubble this time its in the auto sector. And you notice how everyone does not want mention the R word, but us as Truckers we are already seeing the slow down in the transportation sector.
    If I can find the article I will post a link to it.
     
    alien4fish, Feb 26, 2016
    #102
    Terry270 and Lone Ranger 13 Thank this.
  3. AModelCat

    AModelCat Road Train Member

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    As soon as oil prices started to drop nearly 2 years ago I knew we were in recession. Mainly because all our OT was cut out back in mid 2014.
     
    AModelCat, Feb 26, 2016
    #103
    Lone Ranger 13 Thanks this.
  4. alien4fish

    alien4fish Light Load Member

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    alien4fish, Feb 26, 2016
    #104
  5. alien4fish

    alien4fish Light Load Member

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    alien4fish, Feb 26, 2016
    #105
  6. myke3295

    myke3295 Bobtail Member

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    I think your full of cotton balls bro. I read the thread because it was interesting and I am in no need of a loan right now but to mention something and not want to disclose a part of it makes you sound like a liar. Just saying... You sound like a trucker at a truck stop who says he grosses 12k a week with 1 truck pulling a van, but refuse to show any type of proof as if I am just supposed to believe it.
     
    myke3295, Feb 26, 2016
    #106
  7. Tug Toy

    Tug Toy Road Train Member

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    I get a great rate from my local bank on ANYTHING I want. I would not share her contact information on a forum either. Last thing a small town bank president needs is a bunch of city people calling her begging for money!!!! Took me 4 years to build the relationship with them. That would ruin it for sure.

    Just saying....
     
    Tug Toy, Feb 27, 2016
    #107
    fordconvert, whoopNride, KANSAS TRANSIT and 1 other person Thank this.
  8. Superhauler

    Superhauler TEACHER OF MEN

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    Your funny!!
     
    Superhauler, Feb 27, 2016
    #108
  9. myke3295

    myke3295 Bobtail Member

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    Who said anything about sharing contact info. Sounds like you have a comprehension issue. We are talking about the name of the bank bud. I bank with Wells Fargo and I am happy there. I would have any issue giving you my bankers contact info because she would consider me helping her grow. You gentlemen are acting like this is some sort of super duper top secret financial investments insider tip or something SMFH LMAO
     
    myke3295, Feb 27, 2016
    #109
  10. myke3295

    myke3295 Bobtail Member

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    The exact thing I said about you
     
    myke3295, Feb 27, 2016
    #110
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