I own a truck, but no one is financing me a reefer trailer.

Discussion in 'Ask An Owner Operator' started by John quinton, Sep 12, 2015.

  1. John quinton

    John quinton Light Load Member

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    Jul 25, 2015
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    I leased a new truck from Lone Mountain and now I can't find anyone to approve me for a reefer. Currently I am renting one and paying $1900 per month for a reefer. Everyone saying my credit is really bad. My business partner who has 730 credit score is not even getting approved because they're saying he has no credit history. That's stupid! He lives in paid off home and owns a paid off car. The only reason I am surviving right now is because my loads are from direct shippers. I have a logistic manager as a friend in WA and Los angles so that is my lane. I get $3200 to go up North to WA! and $2000 from Wa to Los Angles all year round. but with expense on reefer rent and ect. I am barely making anything. what can I do? please help me out truck fam!
     
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  3. icsheeple

    icsheeple Trailing the Herd

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    Find a used one on Craigslist. Offer the seller more than what they are asking for financing.
     
  4. John quinton

    John quinton Light Load Member

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    I been doing that, but so far no help. Thanks for the advise though.
     
  5. DUNE-T

    DUNE-T Road Train Member

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    GT inc in Chicago rents reefers for $1100 per month with no credit check
     
    NURSE1 and John quinton Thank this.
  6. icsheeple

    icsheeple Trailing the Herd

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    Keep trying. If you could prove you were already getting by paying $1900 on a rental. I'd have no problem getting rid of a reefer I needed gone at more than I was wanting for it.
     
    blairandgretchen Thanks this.
  7. truckon

    truckon Swamp Thing

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    Have your partner sell his paid off car. Buy trailer. Finance new car. Walla
     
  8. John quinton

    John quinton Light Load Member

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    His car is worth 10k. The thing is we can give 20 percent down or even 30 percent down, but these finance companies are so persistence
     
  9. icsheeple

    icsheeple Trailing the Herd

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    Try Searchtempest.com

    It's a nationwide Craigslist search.
     
  10. truckon

    truckon Swamp Thing

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    Then he can just refinance his paid off house. Easy peasy.
     
    MJ1657, blairandgretchen and icsheeple Thank this.
  11. icsheeple

    icsheeple Trailing the Herd

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    Reefer trailer or bust.
     
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