Title loan on commercial truck/Refinancing

Discussion in 'Trucker Taxes and Truck Financing' started by JazzTX, Sep 17, 2013.

  1. JazzTX

    JazzTX Light Load Member

    69
    9
    Mar 12, 2012
    Fort Worth, TX
    0
    I have a 2006 Freightliner that I have paid off. What loan company/bank can I go to get a loan on the title? I only need around 7k. Is that even possible?

    Or will a bank/loan company refinance it?

    Any help would be appreciated! I am in Dallas, TX.
     
  2. deskdriver

    deskdriver Light Load Member

    241
    136
    Aug 6, 2013
    Michigan
    0

    The best place to start is the bank that you use for your company checking acct, you should have no problem getting 7k for that truck
     
  3. Pilgrim007

    Pilgrim007 Light Load Member

    125
    77
    Sep 9, 2013
    0
    Keep away from Auto Title loan companies the average charge is 30%.
     
  4. JazzTX

    JazzTX Light Load Member

    69
    9
    Mar 12, 2012
    Fort Worth, TX
    0
    Thanks for the replies! I will check with the bank.
     
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