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Looking for a lender for non cdl holder investor

Discussion in 'Trucker Taxes and Truck Financing' started by jbthumper, Jan 13, 2022.

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  1. Jan 13, 2022 #1
    jbthumper

    jbthumper Bobtail Member

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    Dec 31, 2021
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    I am looking for a company to finance my first investment truck, I am in the process of getting my cdl but want to get a truck setup for a driver first. Must report to the credit bureaus.
     
    jbthumper, Jan 13, 2022
    jbthumper, Jan 13, 2022
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  3. Jan 13, 2022 #2
    F4T6UY

    F4T6UY Medium Load Member

    356
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    Oct 24, 2017
    Very South Texas
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    That’s a big ask! I wish you luck.
     
    F4T6UY, Jan 13, 2022
    F4T6UY, Jan 13, 2022
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  4. Jan 13, 2022 #3
    Western flyer

    Western flyer Road Train Member

    2,789
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    Mar 13, 2014
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    How you gonna pay me back,
    You got no CDL, no driver and no customers
    And zero experience on how to get any of them.
     
    Western flyer, Jan 13, 2022
    Western flyer, Jan 13, 2022
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    LilRedRidingHood, Trucker K, Badmon and 7 others Thank this.
  5. Jan 13, 2022 #4
    LoneRanger

    LoneRanger Road Train Member

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    Jun 3, 2018
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    I’ll finance if there’s 150% collateral.
     
    LoneRanger, Jan 13, 2022
    LoneRanger, Jan 13, 2022
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    Mattflat362 and GYPSY65 Thank this.
  7. Jan 13, 2022 #5
    GYPSY65

    GYPSY65 Road Train Member

    1,372
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    Nov 16, 2012
    SW FLA
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    I don’t think you’d get a credit card with 0/0/0
    Much less a loan on a very high risk business

    Guys who have been at this for awhile have difficulty, it’s more of a plan and experience thing than your credit score

    BTW
    @LoneRanger has a decent offer
    You’re gonna need some real assets / collateral against a hopeful venture

    Now
    I’m not saying it can’t be done but you’re going to have to knock on more doors than just here to get what your hoping for
     
    GYPSY65, Jan 13, 2022
    GYPSY65, Jan 13, 2022
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  8. Jan 13, 2022 #6
    jbthumper

    jbthumper Bobtail Member

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    Dec 31, 2021
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    shoot me an email jasonbrown061@gmail.com

    I have the cash to buy the truck out right now but want to finance it to build credit.

    I have a driver and a route ready just need the truck.

    Not to mention my current job can pay the truck payment no issue.

    I am in the process of getting a cdl so my driver can train me in my truck for my company

    I do have a phone call with a lender tomorrow for his offer just looking at my options.
    (which was accomplished by googling what I was looking for 5 mins after I posted on here but there's not a ton of options that way)
     
    Last edited: Jan 13, 2022
    jbthumper, Jan 13, 2022
    jbthumper, Jan 13, 2022
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  9. Jan 13, 2022 #7
    REO6205

    REO6205 Trucker Forum STAFF Staff Member

    9,345
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    What are you hoping to accomplish here on TTR?
     
    REO6205, Jan 13, 2022
    REO6205, Jan 13, 2022
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  10. Jan 13, 2022 #8
    Oxbow

    Oxbow Road Train Member

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    Nov 24, 2015
    Idaho
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    Interesting approach. I can't help but to think you would be better off just focusing on what you have been doing to get the cash you have.

    That said, I am as guilty as anyone to my addiction to trucks, so I can't say anything.
     
    Oxbow, Jan 13, 2022
    Oxbow, Jan 13, 2022
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  11. Jan 13, 2022 #9
    jbthumper

    jbthumper Bobtail Member

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    Dec 31, 2021
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    Approach is to keep doing what I do and use the money to start a fleet to make more money. I'm on here to learn more and network. Goal is to be successful and the money will follow hence when I'm willing to spend money to build credit.
     
    jbthumper, Jan 13, 2022
    jbthumper, Jan 13, 2022
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  12. Jan 13, 2022 #10
    jbthumper

    jbthumper Bobtail Member

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    Dec 31, 2021
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    I also posted on here because if I was a lender that did loans like this, I would cruise a forum titled truck financing looking for posts like this to reach out. Its 2022 might as well us the worlds technology to your advantage. Just like social media has made so many people money.

    Nothing but the best vibes to everyone!
    Much love and respect to all the people in this industry!
    As we say in the motorcycle world
    Keep the Rubber on the road and be safe!

    The world would not run without this industry.

    Or maybe I'm here to talk you to about an extended warranty on your truck!!!!
     
    Last edited: Jan 13, 2022
    jbthumper, Jan 13, 2022
    jbthumper, Jan 13, 2022
    #10 + Quote Reply
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