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Financing for a truck

Discussion in 'Trucker Taxes and Truck Financing' started by Dh46, Jan 18, 2019.

Page 3 of 4
  1. Jan 22, 2019 #21
    Dh46

    Dh46 Light Load Member

    177
    76
    Aug 30, 2014
    0
    Got approved for a loan the company I’m going with will help with all the start up costs and stuff after that I should be fine have two buddies clearing 20kto 28k a month after all expenses are paid for not counting taxes though
     
    Dh46, Jan 22, 2019
    Dh46, Jan 22, 2019
    #21
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  3. Jan 22, 2019 #22
    TRKFreighter

    TRKFreighter Bobtail Member

    48
    15
    May 24, 2018
    0
    I am assuming they are team drivers? Or do they drive their own truck?
     
    TRKFreighter, Jan 22, 2019
    TRKFreighter, Jan 22, 2019
    #22
  4. Jan 22, 2019 #23
    Dh46

    Dh46 Light Load Member

    177
    76
    Aug 30, 2014
    0
    They drive their own trucks in the oilfield
     
    Dh46, Jan 22, 2019
    Dh46, Jan 22, 2019
    #23
  5. Jan 24, 2019 #24
    Lindsey G.

    Lindsey G. Bobtail Member

    7
    2
    Jan 21, 2019
    0
     
    Lindsey G., Jan 24, 2019
    Lindsey G., Jan 24, 2019
    #24
  7. Jan 30, 2019 #25
    Dh46

    Dh46 Light Load Member

    177
    76
    Aug 30, 2014
    0
    Thanks I found someone finally one of the diemler said 20% down and they wouldnt do it first time they looked Then a week later just as soon as the government opened back up they call the dealer back said they can do 20% down when b4 they said even with 30% down the wouldn’t do it I dunno what changed their mind but glad they did
     
    Dh46, Jan 30, 2019
    Dh46, Jan 30, 2019
    #25
    Jonathan.the.finance.guy Thanks this.
  8. Jan 30, 2019 #26
    TheDudeAbides

    TheDudeAbides Medium Load Member

    374
    454
    Dec 5, 2014
    San Antonio, TX
    0
    I have a feeling they are already feeling the pinch of the low spot market rates. Prob got used to people coming in and buying anything they could get their hands on and now the faucet has started to run dry
     
    TheDudeAbides, Jan 30, 2019
    TheDudeAbides, Jan 30, 2019
    #26
    KB3MMX, Aovy and Dh46 Thank this.
  9. Feb 7, 2019 #27
    Rightlane76

    Rightlane76 Bobtail Member

    44
    31
    May 30, 2017
    0
    It might just be where your trying to buy the truck from, my first truck and a 640 score I went to select trucks n Jax got denied, went to Mack denied, went to Ryder used truck sales and was approved, Was a dam good truck to.
     
    Rightlane76, Feb 7, 2019
    Rightlane76, Feb 7, 2019
    #27
    kenn2632 and Mooseontheloose Thank this.
  10. Feb 8, 2019 #28
    highwayMike

    highwayMike Light Load Member

    64
    31
    Jan 17, 2019
    0
    Fico 8 is here. Lenders are going deeper in your bank history.
     
    highwayMike, Feb 8, 2019
    highwayMike, Feb 8, 2019
    #28
    KB3MMX Thanks this.
  11. Feb 8, 2019 #29
    Rideandrepair

    Rideandrepair Road Train Member

    16,526
    53,944
    Aug 8, 2015
    0
    Sometimes salesman play that game, so your happy with rate and costs. Not saying that’s your case. They do get a kickback though.Got to pay attention at closing to ensure all is as promised.
     
    Rideandrepair, Feb 8, 2019
    Rideandrepair, Feb 8, 2019
    #29
    KB3MMX Thanks this.
  12. Feb 21, 2019 #30
    Midnightrider909

    Midnightrider909 Road Train Member

    2,383
    9,597
    Oct 26, 2016
    0
    A high credit score didn’t help me finance a truck. Lenders really don’t want to finance you unless you have commercial credit and a proven track record. I ended up with Volvo financing at 13% with and 810 credit score.
     
    Midnightrider909, Feb 21, 2019
    Midnightrider909, Feb 21, 2019
    #30
    KB3MMX Thanks this.
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