Truck Financing Questions ?

Hey marty, i have a question for you. I am a new owner operator looking to get my first truck. I have 20% down but my credit scores are low due to some recent late payments ( i was laid off my job and couldnt find a new one with simular pay ). Before that i had great credit, this totally sucks!

Will anyone give me a loan with low scores even though i have 20% down? My wife has scores in the low 600's with no lates on anything, would it be better to put it in her name?

I have been approved with a company that does in house financing but i would like to go with a traditional dealer or better terms.

Also, do you have to have great credit to lease a truck? I heard a few guys talk about Prime Leasing, do they accept low scores?

Let me know if you think i have a chance!

ps I tried to PM but im new to the boards and it wouldnt let me send PM's till i had 50 posts

 

Prime has no money down and no credit checks. Kind of pricey, seems like 700 a week for a used truck, not sure what a new one would be.

 

thanks sir

 

Hey WinBig-A friend of mine got a 94' Columbia in good shape from Fetliner 1st time buyer in Waco. Payments are about 1600. month. his credit was s#@t. Has put about 110,000 on it with no major problems. Good luck.

 

There is a street called 356 ( Irving Blvd ) here in Dallas with about 20 truck dealerships on it so i went there and starting wheeling and dealing and found a good one. I put down 20% and got a truck and trailer no problem, picking it up on friday, thanks for the advice guys!

 

hope you gett to feeling better marty. quick question tho what do you think about select trucks company they got a real good deal going on now for first time buyers for the down payment..or if ya know of any good company's arounf the new orleans area selling trucks for first time buyers

 

I hope that you are up and around soon! Take care and wishing you pain free days ahead.

 

Wish U the best with the back Mr. Marty. Hope that relief comes soon! Thanx for the information & the incite. I'd like to buy a truck in the first 10 days of Jan '08. I live in NC. Any helpful advice I'd sure appreciate. Wiseone, this was an excellent idea. I appreciate it! P.S. Maybe U could help with that PM problem for folks with too few post like me. I'd appreciate that to! Happy New Year to both of U!

 

Prime over $750.00 a week. Buy a truck on your own somewhere for $1,500.00 a mo.