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truck financing

Discussion in 'Ask An Owner Operator' started by jdkart3, Sep 20, 2015.

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  1. Sep 20, 2015 #1
    jdkart3

    jdkart3 Light Load Member

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    Oct 18, 2014
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    im having issues trying to finance my own truck i trying to stay away from lease own deals but no one is willing to help with the funding my credit is ok i dont know if its cause its a new truck im at a loss anyone got any advice
     
    jdkart3, Sep 20, 2015
    jdkart3, Sep 20, 2015
    #1
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  3. Sep 20, 2015 #2
    Hurst

    Hurst Registered Member

    6,618
    12,266
    Aug 24, 2011
    Tampa, Fl
    0
    Do you own a house?

    Take out a second mortgage,.. done.
    You can always live in the truck. It will be paid for.

    Hurst
     
    Hurst, Sep 20, 2015
    Hurst, Sep 20, 2015
    #2
    x1Heavy and dog-c Thank this.
  4. Sep 20, 2015 #3
    S M D

    S M D Road Train Member

    2,396
    3,406
    Mar 15, 2012
    sacramento ca
    0
    When I was looking to buy my first year,freightliner wouldn't finance me because I haven't been otr for 3 years minimum. Apparently money comes second there.

    Also good credit doesn't mean much if it doesn't have a history to back it up.

    So for this situation is recommend mountain truck leasing. Their only catch is, is that they want direct withdraw from your bank account monthly.
     
    S M D, Sep 20, 2015
    S M D, Sep 20, 2015
    #3
  5. Sep 20, 2015 #4
    Cottonmouth85

    Cottonmouth85 Bad Influence

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    May 3, 2012
    Floresville, Tx
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    ....and the soul of your first born

    MUAH HA HA HA HA!
     
    Cottonmouth85, Sep 20, 2015
    Cottonmouth85, Sep 20, 2015
    #4
    diesel drinker and TROOPER to TRUCKER Thank this.
  7. Sep 20, 2015 #5
    jdkart3

    jdkart3 Light Load Member

    138
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    Oct 18, 2014
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    No house but i dont think the wife would like that idea
     
    jdkart3, Sep 20, 2015
    jdkart3, Sep 20, 2015
    #5
  8. Sep 20, 2015 #6
    jdkart3

    jdkart3 Light Load Member

    138
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    Oct 18, 2014
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    Well sounds like a better deal then my student loans
     
    jdkart3, Sep 20, 2015
    jdkart3, Sep 20, 2015
    #6
    TROOPER to TRUCKER and Bean Jr. Thank this.
  9. Sep 20, 2015 #7
    Cottonmouth85

    Cottonmouth85 Bad Influence

    2,637
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    May 3, 2012
    Floresville, Tx
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    Yeah I've heard those can be pretty vicious.
     
    Cottonmouth85, Sep 20, 2015
    Cottonmouth85, Sep 20, 2015
    #7
  10. Sep 20, 2015 #8
    Gunner75

    Gunner75 Road Train Member

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    Mar 17, 2014
    Jackson Center Ohio
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    I was offered that option of taking a second mortgage. I passed. Id rather go into a walk away lease without being financially strapped if i fail. Just doesn't make sense in an industry that is so volatile with so many fluctuations, why put that financial burden on yourself as well?
     
    Gunner75, Sep 20, 2015
    Gunner75, Sep 20, 2015
    #8
  11. Sep 20, 2015 #9
    jdkart3

    jdkart3 Light Load Member

    138
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    Oct 18, 2014
    0
    Ya but it pays off knowing the repair end of trucking
     
    jdkart3, Sep 20, 2015
    jdkart3, Sep 20, 2015
    #9
  12. Sep 20, 2015 #10
    jdkart3

    jdkart3 Light Load Member

    138
    8
    Oct 18, 2014
    0
    Well see thats what it looks like ill have to do through roehl its a walk away lease i just dont know if i wanna get locked in for the next 6 years at roehl
     
    jdkart3, Sep 20, 2015
    jdkart3, Sep 20, 2015
    #10
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