Volvo no down payment financing

Discussion in 'Ask An Owner Operator' started by Jeremy1, Sep 8, 2018.

  1. Misesian

    Misesian Road Train Member

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    May 21, 2014
    Nothwest Arkansas
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    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.
     
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  3. Bumblebee101

    Bumblebee101 Light Load Member

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    May 17, 2018
    Massachusetts
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    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.
     
  4. Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    Rancho Mirage, Ca.
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    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 ?
     
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  5. KB3MMX

    KB3MMX Road Train Member

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    Dec 29, 2014
    Orrstown, PA
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    Any financing program has paperwork that goes along with it that tells you everything you need to know.

    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.
     
  6. Ridgeline

    Ridgeline Road Train Member

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    Dec 18, 2011
    Michigan
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    Just, I can't believe that people are not too bright in how to expand.

    Three trucks and wants to go to an entry level high risk financing program?

    Really?


    That's what we here are saying, OH well, we'll see those trucks on the auction block soon.
     
    Justrucking2 Thanks this.
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