My company have some paclease trucks that's coming up on the end of their lease. I'm interested in buying one of the trucks. After doing a little research on pricing of trucks of the same year and similar millage, our paclease trucks are $12-$16,000 cheaper. I'm looking for a finance company that will finance the truck for me
paclease balloon payment
Discussion in 'Trucker Taxes and Truck Financing' started by krazzyboi_44, Nov 4, 2018.
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Depending on your credit, a smaller regional or State bank would probably finance it. A larger bank will not want to touch a trucking deal, based on my experience. As I went into newer equipment ,and a larger price tag, I’m using DeLage Landen or DLL for my purchases, they’re an International company but have a US office. They were really easy to deal with. I used Arvest bank in the past, a small chain mainly in Arkansas, but moving forward will be using DLL because the prices on the new equipment is something Arvest wasn’t comfortable with.
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check with your company the owner of the lease may finance you more than likely it's the manufacturer but they also may deAL with a finance company. I bought my current truck from the manufacturer who was the lease holder of the company I was leased to. I new the truck and when buying a used truck there is a reason that it's for sale and not all are good . the company most times makes the balloon payment and the sells the truck . they let me take that one for the ballon payment 28000 truck was selling around 50000 at dealers plus I knew the truck
StrokerTSi Thanks this. -
If their paclease trucks, talk to your boss, get the salesman name. Go talk to him, he has a guy who can get you financed.
Use your contacts. If your a good driver, people owe you, time to cash in.
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