truck finance

Discussion in 'Trucker Taxes and Truck Financing' started by jdkart3, Jan 10, 2018.

  1. Dynames

    Dynames Medium Load Member

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    Then honestly you need to bide your time and save some more.
     
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  3. Scooter Jones

    Scooter Jones Road Train Member

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    Bought my first truck 3 years ago. It was a used 2010. I found a local bank who loaned me 75% of the price @5.5%.

    It was quite a chore getting them to even go along with that. However, I kept it six months and flipped into a new truck that the same bank financed for me with underwriting by the SBA.

    It can be done, but unless you have good credit and some cash down (in most instances) getting competitive finance rates are pretty tough.
     
  4. rickybobby

    rickybobby Road Train Member

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  5. snowwy

    snowwy Road Train Member

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  6. rickybobby

    rickybobby Road Train Member

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    No
     
  7. jdkart3

    jdkart3 Light Load Member

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    Ya the one i get alot is world finance they say they can do a zero down payment with 580 credit score
     
  8. snowwy

    snowwy Road Train Member

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    I would imagine the 580 depends on unpaid debt or not. I would imagine anyways
     
  9. jdkart3

    jdkart3 Light Load Member

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    Ya that would be my gess but im not sure i kinda wanna so my research on them before i do business with them
     
  10. Silver Bear

    Silver Bear Light Load Member

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    We are buying a slightly used truck for 116k and have to come up with 33% down. Still getting 11% interest. That's through ENG. Volvo Financial wanted 30k down and would only do 4 years at 15%. I have 800+ credit score, my partner is around 680. First time is tough. Good luck.
     
    cuzzin it Thanks this.
  11. Hayfieldmn

    Hayfieldmn Light Load Member

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    Sep 10, 2016
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    How about 50k down on a 175,000 dollar truck. 1st time buyer. Is that realistic?
     
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