New truck financing

Not easy if you dont already have established proof you can make money trucking
Arena of 10-20%

Yes
No
Good
Thats nice

 

Cheaper truck not that one, start in the middle, 2 years of driving then ,New but don't have to, buy anything, 18 to 20

 

I dont know about trucks. But when I had a car loan. I had to pay insurance to/thru them. So you may not be able to pay a year in full. But I could be dead wrong.

 

Kenworth have their own financing, don't they?
With FICO of 790 and good personal record, there is enough, I think, to apply. Before, I'd talk to a finance officer at KW dealership.
From what I heard from them, their inquiries and not hard (but better to ask again yourself) - won't affect the Fico and will give you an idea.
The discouraging thing might be the interests rate...with the package of 165 000 then 7000 of extended warranty plus possibly APU 12 000 that's a monumental amount subjected to the interests. A really large down payment could lessen the interest rate and of course the monthly installments.
Having said all that, I really admire brevity of those who paydown the minimum, e.g. 10K and then hope for the best. They must know the freight they'll be hauling for 5 years ahead.

 

Or be betting on inflation, fixed interest contracts are better for the person taking a loan when the future is grim. Holding onto cash that will essentially lose value isnt great either, but gotta have a certain amount of "oh crap" fund...

 

Your credit score will be less important than your truck driving business score

Unless your local bank will but that’s even a longer shot

 

I’d try for a small local bank. Paccar will probably be around 7 to 9% but the local may be 3 to 5 range. It wouldn’t surprise me at all if they want 20% down. Either place you go. Your new and even higher risk.

 

My experience has always been finding the right Lender. Some seem to have a lot available to lend, and are very willing to do so. Others that may have been that way in the past, suddenly aren’t so easy. Kind of like when the Government has a certain amount to spend, or lose. They squander it, then qualify for more. What a system. Bottom line, Shop around. Some are easier than others. Usually interest rates play a part. But not always. Just never know, till you try.

 

My buddy just went through a Peterbilt dealer two months ago on a 2018 or 2019. They wanted 20% down. He was a new authority. Excellent credit. They skipped all the business section stuff since he was just starting. Might have just been that dealers decision.