How to get a truck with no money down and bad credit

Discussion in 'Trucker Taxes and Truck Financing' started by Truckers_Cow_Girl, Oct 14, 2009.

  1. Gillespiesouth

    Gillespiesouth Bobtail Member

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    My husband and I are both wanting to start up in the same business as you and your boyfriend . We both have bad credit also so please if u could let me know where you found that would help yall I'll check it out . We both have been driving for more than 10 years and the contracts are there for us . So please share what u found . . Lol . I would appreciate it more than u know . Also I seen where you had asked someone about getting contracts before having a truck . So voted u also fill me in on that conversation also please . Thank you .
     
  2. Philman1986

    Philman1986 Bobtail Member

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    I'm looking to becoming an o/o. I was wondering how much capital should I have before I go and buy a truck?????
     
  3. Philman1986

    Philman1986 Bobtail Member

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    I'm looking to start my o/o business. How much capital should I have before I buy a truck? And what is a good credit score to have to buy a truck?
     
  4. aussiejosh

    aussiejosh Road Train Member

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    No money down no credit these days don't seem to be much of an obstacle any more, however the down side is if you do find and obtain a loan you will pay a much higher interest rate, the up side is though is if and when you pay your loan off you will ultimately secure yourself a good credit rating which will help with any future financing.
     
  5. 77fib77

    77fib77 Road Train Member

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    Loan mountain?
     
  6. Letsgetreal

    Letsgetreal Light Load Member

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    If your credit is bad, and you're trying to get financed then I suggest Lone Mountain Leasing. What they look for is your experience. You make payments on the trucks and once you made the last payment, the truck is yours. Now about the no money down. That just is not smart. Trucking is expensive. Seriously, go be a company driver and save some money first.
     
  7. blade

    blade Heavy Load Member

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    There's also a place called OTRLeasing it's not no money down there trucks are mostly fleet trucks but they go over them well from what I've seen and the down payment is lower the lone mountain if you are OOIDA member
     
  8. Letsgetreal

    Letsgetreal Light Load Member

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    How does their program work? Their trucks look pretty old.
     
  9. TimF

    TimF Bobtail Member

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    Found out the truckers truck blew up and cow girl is working the pilot truck stop on Lemar in memphis. She making OK but still hasn't got the money together to get that truck repaired or enough fuel to get back home.

    They however have a new 10 year plan
     
    Cottonmouth85 Thanks this.
  10. stayinback

    stayinback Road Train Member

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    lol...Your terrible!!