Trailer financing help

Discussion in 'Trucker Taxes and Truck Financing' started by Doing_flatbed_nc, Nov 20, 2017.

  1. Doing_flatbed_nc

    Doing_flatbed_nc Light Load Member

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    i applied through Bowman trailer lease and was turned down because my business is not old enough and I didn't show enough money in my business account.

    Credit score is 730/750. Lived overseas for over a decade and got back 2.5 years ago.

    Keep all $ over $1000 in my wife's name - savings account for liability reasons.

    7 month old EIN. No late payments or bad marks on credit.

    W T F?

    Any suggestions on trailer financing companies that won't rape me?
     
  2. Scooter Jones

    Scooter Jones Road Train Member

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    Local community bank. That's what I did.
     
  3. zinita17601

    zinita17601 Heavy Load Member

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    Diamond motorz.lyons truck and teailer.first time buyer u need at least 20% down and u still get raped.good luck
     
  4. cburner

    cburner Bobtail Member

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    Aug 1, 2017
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    Use one of your 18-month, ZERO percent credit cards. Will cost you 2-3% upfront, of the amount taken. Weigh that against your earnings potential with versus without the trailer.

    All the best to you.
     
  5. Snailexpress

    Snailexpress Heavy Load Member

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    Ritchie Brothers Financial. You can buy trailer from auction or somewhere else.
     
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