Thanks Marty, Thats information a lot of buyers aren't aware of (including myself at the time) and something most dealers if any, will tell you about.
Truck Financing Questions ?
Discussion in 'Trucker Taxes and Truck Financing' started by MartyCAG, Jun 6, 2007.
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The finance 1500-1650 per month is based on 72 months WAC. But you have to have A+ credit for 72 months. 60 months is easier to get financed but payments will range around 1800-1850 per month with 10% down WAC.
Sorry for any confusion.
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FYI - I'm the guy who sent the app from Apopka FL.
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Correct me if im wrong here, but one reason banks may not finance a truck is the fact of getting the truck back for collateral and then trying to resell it for what they have wrapped up in it, i worked for a company years ago doing flatbed that leased 3 or 4 trucks from private parties, the one that i drove was a 1989 pete cabover that the owner bought for 25,000 in 1990 it had low miles when purchased and was a pretty good truck, but the owner wasnt making payments to the bank ,so the bank of course took the truck repo ,the guy owed 50,000 on it when they took it,, my boss tried to make a bid on it but the bank wouldnt let anyone from the company bid on it, they some how had all our names from the company. But anyway i think banks dont like trucks due to the repo and trying to recuperate theyr loss, correct me if im wrong.
Baack Thanks this. -
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If you dont hear from us feel free to give us a call if you need any more help. Ask for Danny or Derek and dont forget to mention the forum. -
I've got under a 400... who wants to finance a truck for me???
lol
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Welcome to Martins house of credit, 400? NO PROBLEM, 0 down, $2750 a month for the rest of your life
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Thats funny I dont care who you are what you drive what you like that is just funny.MM & 550.Nothing wrong with a little humour in these signs of time.
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Every month 400 people find a job with the help of TruckersReport.
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