So id like to actually buy a truck peterbilt or frieghtliner. What would be better going through a dealer or paccar or a bank or other institution? Say the truck costs 120 to 155k what should i expect to pay a month and what interest rate with a 710 credit score. Do i need to put a lot of money down or is there a way to bypass i rather keep that money for business.
Financing a truck?
Discussion in 'Ask An Owner Operator' started by Travelworld2067, May 10, 2018.
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There is no set rate unless you know more about the final cost, your down payment and the interest rate they're offering with your credit score. You won't get a great interest rate with that credit score so expect to pay more than somebody with a great score.
I'm in the process of doing the same, but going with a full service lease instead of a purchase. Lower payments and a very small down payment. -
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No, at the end of the lease you turn in the truck and lease another new one. A lease to purchase costs more per month and has a larger down payment.
Can't tell you the costs. Too many variables. -
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We bought new was under 2 year Mark ax owner operators and credit 700s on a truck for 157000 had to put 32000 down and payment 2600 amonth
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Does borrowing $125,000 -$150,000 dollars to perform the job of truck driver sound like a good idea to you ?
JustinsTrucking and LateNightCable Thank this. -
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Tho a $10-15k cash truck sounds like better deal to me....if you know how to turn a wrench that is. And lets face it...truth and facts ladies....most people don’t know how to turn a wrench!
There is a lot of houses with attached garages out there with brand new tool boxes stuffed with brand new tools that have never been touched.adayrider, Tug Toy, spyder7723 and 2 others Thank this.
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