Most banks/credit unions say they will not finance trucks. But most will loan you money against a clear title and good credit score. Because you already own it. Just don't try and finance to much.
Most anyplace would give you 10-15k on 50k value. But you will need to present your trucks value after repair. No kelly blue book for trucks. Search on truckpaper for 4 or 5 trucks as similar to yours as you can. Present that to them.
No its not ideal, but more than one emergency is known to happen in life.
But of your maxed out on credit, this may be your last chance.
Need quick access to funds
Discussion in 'Ask An Owner Operator' started by Neverquittrucking228, Feb 25, 2022.
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Actually there is something like kelly blue book for trucks. My banker used it. Don't know what exactly it was but it was just like KBB only for semis. I thought the value it gave was low but.
And who says a bank won't lend money for semi truck or trailers??. -
Show me this? I'd like to see it.
At this point I'll say your banker in full of it. -
But I saw it with my own eyes in the computer screen. Very similar to kbb. Brand, engine type and size, recent rebuild, transmission speed, chrome stacks. All that stuff. Right up until I saw it I didn't think it existed eitherjamespmack, Oxbow and James j Thank this. -
https://www.trucks.com/commercial-trucks-values/
Semi Trucks Blue Bookjamespmack Thanks this. -
Some bills have worse consequences for getting behind than others .
utility company will disconnect in a couple of weeks
Auto loan will get the car repossessed in a few weeks , if they can find it .
A mortgage company isn’t going to start foreclosure proceedings for months .
whatever the bills are , just talk to the people .
with the China flu ,
Most places are a lot more relaxed about late Pay’s than before
but ONLY if you Communicate with them . -
Pawn shop in Las Vegas.
shooter19802003, Vampire, Concorde and 1 other person Thank this. -
Sorry to say this but you sound like you are bad at managing money. I've been back in my own truck 14 months and have $50,000 cash and $85,000 available credit. That's only because I have a spending problem
Seriously, running a business is not for everyone.shooter19802003, Gearjammin' Penguin, Vampire and 1 other person Thank this. -
Wells Fargo
B of A
If your a high net worth individual First Republic Bank. A few million $$ will get you in the door with them. -
shooter19802003, Long FLD, mslashbar and 6 others Thank this.
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