Is there anywhere i can get a truck no money down no credit check

Discussion in 'Ask An Owner Operator' started by amtrack, Dec 19, 2013.

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  1. amtrack

    amtrack Light Load Member

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    Is there anywhere I can get a truck no money down no credit check? I have bad credit and not enough to put down. I work for an owner operator now but I'm being shorted on everything. I want to stay with the freight company but not the owner operator. Anyone know of anything at all?
     
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  3. rbrtwbstr

    rbrtwbstr Road Train Member

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    Truck discount mart in Shippensburg PA. They might do that. Or Prime.....
     
  4. SheepDog

    SheepDog Road Train Member

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    Truck Discount Mart in Shippensburg, PA will look at your credit, they just aren't strict. Same with Lone Mountain. I know some carriers like SNI have 3rd party finance companies and my friend was told he could take his truck wherever but, that is on a newer truck, not the older trucks. There are some places out there but the rules are so strict, I don't see how anyone can do it. Not to mention that those same places end up in the news as shyster's..
     
  5. Harley Charlie

    Harley Charlie Light Load Member

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    If you have bad credit and no cashyou should not have a truck
     
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  6. SheepDog

    SheepDog Road Train Member

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    Can you think of any situation in someone's life where this statement would not apply?
     
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  7. ironpony

    ironpony Road Train Member

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    That's hilarious! Yep, you can get into a lease, but you aren't going anywhere with the truck. No money? You'll last about a month in a Prime lease.
     
  8. Sublime

    Sublime Road Train Member

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    No money down and no credit check? An absurdly rich uncle might do the trick.
     
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  9. Wings2Wheels

    Wings2Wheels Medium Load Member

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    Bingo.

    You need $20,000 IN THE BANK AFTER YOU ARE SET UP WITH EVERYTHING YOU NEED TO DO BUSINESS. That means truck, trailer, tags, etc. - 20 grand on top of that.

    Otherwise, you are out of business before you even get into business.

    Look, I've been there. After a divorce and screwing myself on the marital settlement agreement, I had to declare bankruptcy when I lost my primary means of income. You need to start rebuilding your credit and start building an emergency/what it fund that you can operate off of if something happens.

    You need to get one secured loan (like an auto loan) and one source of unsecured credit (like a credit card). Pay off the secured loan on time (or early) every month, and keep about 10% on the credit card - so if you have a limit of $500, pay off $450 and leave $50 on it month to month.

    In one year your credit will be much better. Meanwhile, you need to live well BELOW your means and sock away as much money as you can in the bank.

    If I were you, I would concentrate on rebuilding your credit and financial position...or you can forge ahead and fail before you even get started.

    Good luck...but I know which route will set you up for success and which will make failure nearly inevitable.
     
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  10. deskdriver

    deskdriver Light Load Member

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    Sugar Momma :smt007 ?????????


    I would suggest doing a little more research, With your situation you will most likely end up with an older truck with high interest, and how would you handle breakdowns if you have no available line of credit and little cash flow. If you end up barrowing from carrier there will be more fee's added to the money, it is a good chance you will work very hard to make others money while you struggle to pay your bills. I am not saying it cant be done and to give up but definitely do as much research as possible and also keep in mind the next 30-45 days are slow in this industry so if you can wait a little longer it may be beneficial.

    Good Luck
     
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  11. thelushlarry

    thelushlarry Road Train Member

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    Depends how good you are at hot wiring!!!:biggrin_25523:
     
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