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Lenders that are in this field already take on a lot of risk, so the lender will have their own set of requirements before financing your semi. A semi-truck title loan, also called a sale lease back, secures financing against the value of your semi as collateral. We know you are more than just a credit score; in fact we don’t go by credit in order to approve you. Most of what we do is in the trucking, over the road, owner operator markets. The goal is to see what type of credit you have.

Whether you're running a dump truck, a semi, or a water truck, you've got to make sure the numbers work, or else you won't be driving your own truck for very long. Every month 400 p

Following are just a few examples of the Semi-Truck Financing Programs available: Established Owner Operators With Good Credit and Prior Financing. Therefore, a finance company asking for a 5% down payment wants $7,500 up front, while a finance company asking for a 15% down payment wants $22,500.



That’s a down payment difference of $15,000. If you get behind on your payments, the lender is going to repossess the truck and keep the deposit for their trouble — yes, even if it was $15,000, you only had the truck for a month, and you were only a few days late. My hubby wants a truck older than 10 years. We can finance trucks sold through either private sales or through truck dealers nationwide. Let’s illustrate the importance of down payments using semi truck financing rates as an example. Give us a call at 203-405-2286 and we will customize a Semi-Truck Financing Program just for you. A lot of times, that can mean financing an older truck, but some of our customers have told us they have trouble finding someone who can finance vehicles older than 7 years old. Trucking Jobs in 30 seconds. I … Semi Truck Financing Since 1997 Capital Solutions has provided semi truck financing for truckers with bad credit.

You’ll want to start with getting your own credit report.

CAG Truck Capital provides easy truck financing for all types of over the road semi trucks, both sleeper or daycab. Please call and ask to speak to one of our advisors to be prequalified.

2013 Trucks and Newer; Older Trucks Considered; 2 Years As An Owner-Operator; Private Party Sellers OK A new semi truck costs about $150,000.
turkeyone, Jan 31, 2011. turkeyone, Jan 31, 2011 #1 + Quote Reply.

Whether you are looking to finance a Peterbilt, Kenworth, Volvo, Mack, Freightliner or International, no one makes getting a truck loan easier than CAG! This type of loan is available to consumers with any credit score. Is there anyway to get one financed? Someone with a score in the 500s is unlikely to have the credit for a semi truck.

To learn more about the benefits of financing your next semi truck purchase CLICK HERE. Or, to learn about what to look for in commercial truck financing companies CLICK HERE *Please note, programs & guidelines are always subject to change. But try explaining that to the local bank and they react like you're an idiot!
If you want to to get a loan for a $50,000 truck and you qualify for a 30% deposit, you’re going to have to pay $15,000 and the lender will put up the other $35,000. I mean after all we can get one 9-10 years old that's about to need a new motor or an older one that just had a new motor. Truck financing is stringent, and you’ll need to have good credit to be approved.