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Need to buy another truck, do you know of any leasing or bad credit approval company?

Discussion in 'Ask An Owner Operator' started by SFLTRKBIZ, Oct 2, 2013.

  1. Oct 2, 2013 #1
    SFLTRKBIZ

    SFLTRKBIZ Light Load Member

    60
    24
    Sep 30, 2012
    0
    I have 1 truck currently and I want to buy another to put a driver on it. Unfortunately my credit is not so good, so I want to see if any of you owner operators have dealt with any companies that approve owner operators in my position. Please let me know if you know of any companies I should look into. Thank you.
     
    SFLTRKBIZ, Oct 2, 2013
    SFLTRKBIZ, Oct 2, 2013
    #1
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  3. Oct 2, 2013 #2
    luvtotruck

    luvtotruck Road Train Member

    1,978
    1,161
    Jul 30, 2013
    Phoenix Arizona
    0
    If you have $5000 to put down, you can get a good used at Lone Mountain Truck Lease! They run trucks through there pretty fast but they seem to be a good company!
     
    luvtotruck, Oct 2, 2013
    luvtotruck, Oct 2, 2013
    #2
  4. Oct 2, 2013 #3
    Lucar

    Lucar Road Train Member

    1,396
    891
    Aug 22, 2012
    Texas
    0
    where you out of? how much down do you have?
     
    Lucar, Oct 2, 2013
    Lucar, Oct 2, 2013
    #3
  5. Oct 3, 2013 #4
    G/MAN

    G/MAN Road Train Member

    7,031
    8,622
    Sep 3, 2010
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    Check around with leasing companies. Lone Mountain posts on here every now and then. Kennesaw leasing, Smoky Mountain Leasing, 4 Points Capital. I have no idea of their credit requirements. It is always difficult to find financing when you have dings on your credit. Have you considered paying cash? I have seen a couple of older trucks that are in good shape selling for around $10-12,000.
     
    G/MAN, Oct 3, 2013
    G/MAN, Oct 3, 2013
    #4
  7. Oct 3, 2013 #5
    landstar8891

    landstar8891 Road Train Member

    2,414
    2,310
    Feb 4, 2012
    NY NY
    0
    If you allready own one,use the CASH METHOD..You are making money,correct.??..So why use a bank..Unless you are living paycheck to paycheck..If thats the case you need to look into why this is happening...

    I myself ''save'' 1500-2500 cash a week and let it build up in my account..Why are you not doing this.?..Just saying.
     
    landstar8891, Oct 3, 2013
    landstar8891, Oct 3, 2013
    #5
  8. Oct 3, 2013 #6
    bigNATURE

    bigNATURE Medium Load Member

    304
    86
    May 5, 2013
    Texas city, tx
    0
    Lone mountain
     
    bigNATURE, Oct 3, 2013
    bigNATURE, Oct 3, 2013
    #6
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