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I own a truck, but no one is financing me a reefer trailer.

Discussion in 'Ask An Owner Operator' started by John quinton, Sep 12, 2015.

Page 6 of 8
  1. Sep 13, 2015 #51
    CanadianVaquero

    CanadianVaquero Light Load Member

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    If you have a house, especially one worth 3/4 of a million dollars, that is equity is it not?
     
    CanadianVaquero, Sep 13, 2015
    CanadianVaquero, Sep 13, 2015
    #51
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  3. Sep 13, 2015 #52
    HalpinUout

    HalpinUout Road Train Member

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    That's correct...

    Post #48 on this thread sums this thing up...
     
    HalpinUout, Sep 13, 2015
    HalpinUout, Sep 13, 2015
    #52
    CanadianVaquero Thanks this.
  4. Sep 13, 2015 #53
    John quinton

    John quinton Light Load Member

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    Yes I have a lot of equity. But those loan managers said they can't give it to me because they don't think I can make payments on it. Also bad due to bad credit and bad work history. The only thing I can do is sell it and buy a cheaper home, but my house is in a very good neighborhood. The value is stilling growing
     
    John quinton, Sep 13, 2015
    John quinton, Sep 13, 2015
    #53
  5. Sep 13, 2015 #54
    CanadianVaquero

    CanadianVaquero Light Load Member

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    Canuckistan
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    I have terrible credit and want to own a truck. But. I will not until I get my credit in order. Because I don't want these issues. Look into renting or leasing a trailer. More expensive but its a wagon.
     
    CanadianVaquero, Sep 13, 2015
    CanadianVaquero, Sep 13, 2015
    #54
  7. Sep 13, 2015 #55
    S M D

    S M D Road Train Member

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    sacramento ca
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    Worse comes to worse you could haul for 101 transport (pulling their trailers) until,you can save up to buy your own cash or a nice down payment on one.

    Doesn't loan mountain lease trailers too though? When I was at their LV yard I saw over a dozen reefers.
     
    S M D, Sep 13, 2015
    S M D, Sep 13, 2015
    #55
    John quinton and CanadianVaquero Thank this.
  8. Sep 13, 2015 #56
    HalpinUout

    HalpinUout Road Train Member

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    If your parents give you a huge gift that equates to a $760,000 house couldn't they loan you the money for a trailer and you pay them for the payments?
     
    HalpinUout, Sep 13, 2015
    HalpinUout, Sep 13, 2015
    #56
    icsheeple and CanadianVaquero Thank this.
  9. Sep 13, 2015 #57
    Steinbrenner

    Steinbrenner Light Load Member

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    Apr 11, 2013
    West Palm Beach, FL
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    The more I read the stronger the stench of the ######## gets....
     
    Steinbrenner, Sep 13, 2015
    Steinbrenner, Sep 13, 2015
    #57
    HalpinUout, icsheeple, MJ1657 and 1 other person Thank this.
  10. Sep 13, 2015 #58
    John quinton

    John quinton Light Load Member

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    parents gave me the down payment for the truck and plates to start business. I don't feel like asking more.
     
    John quinton, Sep 13, 2015
    John quinton, Sep 13, 2015
    #58
  11. Sep 13, 2015 #59
    HalpinUout

    HalpinUout Road Train Member

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    I guess... Seems if they could even Co-sign on the trailer... If they gave you that house, down payment, and plates apparently they have faith in you..
     
    HalpinUout, Sep 13, 2015
    HalpinUout, Sep 13, 2015
    #59
  12. Sep 13, 2015 #60
    John quinton

    John quinton Light Load Member

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    Jul 25, 2015
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    Lone mountain sister company is some truck line called hoverstol and they only give you trailers if you haul for them. I have shipper loads that beat their Owner operator rates like crazy. I am paying all my payments right now on time even with a rented trailer. but they should give out trailers too.. but they wouldn't because they know the o/o's will struggle and come work for them.
     
    John quinton, Sep 13, 2015
    John quinton, Sep 13, 2015
    #60
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