Financial institution for new Owner Operator

Discussion in 'Ask An Owner Operator' started by WTTS, Jun 4, 2019.

  1. WTTS

    WTTS Bobtail Member

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    Jun 4, 2019
    0
    Hi, need help with a good financial institution to get a loan for first time buyer (owner Operator) . Know my score is 660 , CDL Driver for 7 years no tickets, clean record and willing to put 15 or 20 % of value. Also recommendations with best equipment. There’s some good offers with 2016 KW T680 PACCAR engine 424k miles. Thank you..
     
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  3. starmac

    starmac Road Train Member

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    Just curious, how much warranty is left on that rig??
    I am nnot keen on this new stuff and don't know enough about the paccar engine to think about buyig one.
    I have a friend I run with that just broke down 2 months ago and bought a 2015 pete, with 1000 miles on an overhaul. As of this week he has ordered a new one, the pete has been in the shopmore than his old 89 Kw with a b model cat ever in the last 2 months. Warranty has taken care of most of it,but he is tired of the down time and somewhat scared of it. Thankfully he kept his KW for a backup. lol
    They are telling him a new one is 8 months out too.
     
  4. Ridgeline

    Ridgeline Road Train Member

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    How much reserve capital do you have?

    $20k?
     
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