If your Credit is good enough, the dealer will usually shop it around to more than one of their preferred lenders. I financed my new truck and I will be financing my new trailer with De Lage Landen. I have had a good experience with them. I could have gotten a no money down deal on my truck and the trailer too. I chose to put a few thousand of my own money on them though.
Volvo no down payment financing
Discussion in 'Ask An Owner Operator' started by Jeremy1, Sep 8, 2018.
Page 2 of 2
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
No money down is a tough battle to get ahead on the loan. I didn’t do much better by putting 10% down on the truck and flatbed but it helped get me a lower interest rate. I was also a new owner op and we all know we are pretty risky to lend to. I hear a lot of zero percent offers and then you start working the deal even with a great credit score (780 or higher) there is a catch. High interest or 2 year loan or a ballon payment.
Just work the deal and see what they offer. If the interest is over 8% see what a down payment can do. Trucks and trailers are on back order for most brands so I can’t see to much incentive for a dealership to bend over backwards for one truck deal.
I got the cold shoulder from hale cause I wanted just one trailer. Seemed like the salesman didn’t want to waste his time for little ol me. -
My last truck I "leased" new from Navistar with a $1 buyout at end of year 5. It was like a car lease, first month to drive off the lot them monthly (NOT weekly) payments. But my FICO was 850. They were begging me to do this deal. No $$$ down is a good deal, however, what's the interest rate ?
KB3MMX Thanks this. -
What exactly are you looking for from us?
Yes we own new trucks...
One thing I might offer... A cheap spec truck will be harder to sell or trade later. Consider value a few years down the road.
$3k is a pretty normal range payment. -
Three trucks and wants to go to an entry level high risk financing program?
Really?
Justrucking2 Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 2 of 2