Your 1st truck finance purchase

Discussion in 'Ask An Owner Operator' started by snowwy, Sep 8, 2019.

  1. snowwy

    snowwy Road Train Member

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    Did you have to provide letter of intent to work or lease on? To satisfy whatever program financed you.

    Or was you just able to finance and do your thing. Leased or own authority?

    I don't want to hear about cash. I want to hear about finance. :biggrin_25519:
     
  2. Cat sdp

    Cat sdp . .

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    Letter of intent to lease on....... brand new tractor from kw dealership financed thru Paccar....
     
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  3. Long FLD

    Long FLD Road Train Member

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    Local bank in my hometown, met with the owner and said “I’m going to do this”.
     
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  4. starmac

    starmac Road Train Member

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    Exactly, and the first thing out of my bankers mouth, was we DO NOT FINANCE TRUCKS, but they did. lol
     
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  5. Long FLD

    Long FLD Road Train Member

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    My banker has always liked me. I do monthly payments instead of yearly like all the farmers and ranchers do.
     
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  6. starmac

    starmac Road Train Member

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    My first one, I actually did quarterly payments on. All the rest has been monthly.
     
  7. Ridlingdj

    Ridlingdj Light Load Member

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    I do biannual payments for everything that I can but I'm a farmer works great get a crop in pay your Bill's
     
  8. 77fib77

    77fib77 Road Train Member

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    I borrowed money unsecured and used that to buy an older truck.
     
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  9. Oscar the KW

    Oscar the KW .......

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    Financed 100% of my first truck. The lender didn’t ask any questions, just gave me the money and said good luck.
     
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