Financed Buyouts

Discussion in 'Trucker Taxes and Truck Financing' started by tommkatz1, Sep 1, 2008.

  1. tommkatz1

    tommkatz1 Bobtail Member

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    Sep 1, 2008
    Seminary, MS
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    Many times there are o/o's that want or need to get out of the business that may owner finance their equipment. Drivers, if you consider this option be sure you are going to uphold your end of the bargain. Most people that do this are already in a bind and dont need you adding to it. Look around there is alot of good equipment out there that fellow drivers need help getting out of.
     
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  3. HOLDYOURGROUND

    HOLDYOURGROUND Light Load Member

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    Mar 14, 2008
    Hwy, USA
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  4. LadyDallasDriver

    LadyDallasDriver Light Load Member

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    May 5, 2008
    USA
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    Know of any that need out? Looking at buying a truck this month....
     
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  5. tommkatz1

    tommkatz1 Bobtail Member

    10
    1
    Sep 1, 2008
    Seminary, MS
    0
    The best thing to do to find owner finance buyouts is to look around your area for trucks that are sitting. The next best thing is to listen to other drivers that might know of someone that wants to sell. Get the info and contact that person. Ebay has many commercial trucks for sale, find one that you want and contact that seller for a possible lease/purchase, owner finance. Right now many options are out there except for banks. Look, Listen and ask. People want to save their credit, you might be the answer.
     
  6. BoostedTeg

    BoostedTeg Road Train Member

    1,605
    2,466
    Jun 2, 2008
    Boise ID
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    Yeah now its deffinetly a buyers market just dont get over your head. Think of it like this why did this owner operator what will i be doing different. Good luck to anybody that does this any time soon.
     
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