Buying a car carrier

Discussion in 'Car Hauler and Auto Carrier Trucking Forum' started by KDK, Apr 9, 2013.

  1. KDK

    KDK Bobtail Member

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    Apr 6, 2013
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    A little bit about myself. I've been driving 2+ years and about a year doing car hauling. I am looking to get a 9-10 car carrier and lease on with another company ( fleet car, supreme, united rd etc ). My question for any O/O car hauler out there is how much down payment did u put down when buying your truck and what finance company did you use. Pls keep the negative comments out ....looking for helpful answers ...just doing some research
     
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  3. sxdime

    sxdime Medium Load Member

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    Elkton MD
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    The amount of places that finance car haulers are pretty slim. The down payment factor will depend quite a bit on your credit and debt to asset ratio. CH Brown Co will finance car haulers. The amount down will also depend on what price range you are looking at. The only thing that may hurt you is your time into the field. I'm just trying to give you some info as it is hard to say for sure how they will work.
     
  4. KDK

    KDK Bobtail Member

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    Apr 6, 2013
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    Thanks for the info ...sxdime ...I will look into CH Brown Co .....looking to hopefully get a truck 50-60k price range ....have about 20% down pymt rite now.....just doing some research before making my move
     
  5. sxdime

    sxdime Medium Load Member

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    Nov 9, 2010
    Elkton MD
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    Your welcome. Another thing to consider when you are looking is talk to whoever you may plan on leasing to and see what they would want as far as the year range. A 50-60k truck will put you in the 2000 year range for most trucks depending on what all you are looking for in a truck. Happy shopping and hope it works out for you.
     
  6. KDK

    KDK Bobtail Member

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    Apr 6, 2013
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    Yea that's wht I found out. I talked to someone at fleet car & they look for 03 or newer trucks so does other carriers....but will keep looking around and hopefully will be able to find something in good shape in my price range...
     
  7. ddainiuss

    ddainiuss Light Load Member

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    Feb 4, 2009
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    50 - 60 k with 20 % down is very doable if you credit is good. I just got truck for 44k, put 8000 down (10% interest). and my credit is far from perfect.
     
    2saint Thanks this.
  8. sxdime

    sxdime Medium Load Member

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    Elkton MD
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    Well not trying to push you to lease to URS but last I know is that they don't do the 03 and newer thing. I am leased there with a 2000 model truck but have been there since Dec 03. There is some trucks there the same age as mine that have recently leased on with them. I'm not sure where you live and how you want to work which would determine if they would work for you or not.
     
  9. Thumper

    Thumper Medium Load Member

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    Ive been with JMN over 2 years and they have some REALLY old old trucks leased at some of the yards
    Dont think age is a issue long as it runs good and makes it from point a to b

    Far as down payment and price of truck where do you intend to run if its coast to coast it will be a higher truck then something for example local rail yards or short trips where you go out and back.

    something else depending on where you go you will need to look at straping which is a pain but i deal with it lol
     
  10. KDK

    KDK Bobtail Member

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    Apr 6, 2013
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    I worked for URS for about year ..run outta of the terminal in Newark ....the company as a whole is ok in my opinion just didn't like how the guys at the Newark terminal treated their drivers. But will look into them might be able to wrk out of a different terminal if I decide to go back there......I live in jersey and want to run regional so I got a couple of different companies I can look at to see which one works out.
     
  11. KDK

    KDK Bobtail Member

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    ...Thumper do you know if JMN ever sell some of their used trucks to people who don't work for them or you have to be working with them for you to be able to buy a truck from them............


    am looking to run regional & local up here in the northeast since I live in jersey. I haven't seen JMN around up here only in the south whenever I go down to SC or GA
     
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