Who offers overhaul finance if you have a loan in truck?

Discussion in 'Ask An Owner Operator' started by Siinman, Oct 2, 2019.

  1. Siinman

    Siinman Light Load Member

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    Have to do a overhaul on engine Volvo D13. Waiting on answer from the company I financed the truck through if they will do it. CAG will not do anything unless free clear title. Just seeing if anyone has had any experience with this. Pretty sure I will get the approval but they take 1-3 business days and want to make sure if they won’t have some other options. Decent credit but only 10 months in so most places want 2 years before loan. Thanks
     
  2. snowwy

    snowwy Road Train Member

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    Decent credit?

    How about score?

    Low debt and high score. A signature loan can be had anywhere. Seems like.

    Low score won't be so easy. High debt will make it even harder.
     
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  3. Bill O’lading

    Bill O’lading Light Load Member

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    dailmer financed me an overhaul. I also had my truck financed through them so that might have helped
     
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  4. Siinman

    Siinman Light Load Member

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    This is who I am financed through as well. How long did they take to get it approved? Said would take 1-3 business days.
     
  5. xsetra

    xsetra Road Train Member

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    Try your local bank or credit union.
     
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  6. Siinman

    Siinman Light Load Member

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    Most wont touch you unless business is 2 years old.
     
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  7. autopaint

    autopaint Bobtail Member

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    You can try lightstream.com but I think their niche is upper-tier credit scores. It doesn't hurt to ask.
     
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  8. win-some-loose-less

    win-some-loose-less Medium Load Member

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    Lending club gave a buddy 20k on a signature, 6% 36 months.. something to think about if you have good credit
     
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  9. snowwy

    snowwy Road Train Member

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    I was told established business checking account. 2 years.

    I can get a signature loan. Up to $10G with my credit union. And another credit union I have. To buy a truck. But I can't get a $60G truck loan to buy a truck. Although my other credit union supposedly has no limit for a signature loan. 10 was all they'd give me.
     
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  10. starmac

    starmac Road Train Member

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    It may not hurt to talk to whoever is holding the note on the truck, they have a vested interest in it now, and just may refinance it to try and save their investment.
     
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