Truck Loans With An Affordable Interest Rate

[stevenhaugh]

Hey,

I'm planning to enter the trucking business very soon. I'm pretty sure that I'll have to face a lot of obstacles including the selection of proper equipment and dispatch companies. The truck financing is the most critical and important facet of the truck business in the U.S. Also, it would be a herculean task to secure the loan for someone like me having a bad credit history.

I know that the commercial truck financing is dissimilar to the conventional vehicle financing. Most banks in Georgia provide financial help to buy a truck. But, I think the procedure would be difficult and time-consuming. Independent financing companies could provide truck loans in Georgia with an affordable interest rate. Please help me know the details regarding eligibility criteria for a truck loan and the duration for approval. Does anyone know the current rates of the truck loans? Waiting for an expert advice.

 

[Meandering]

Do you have a company to haul for? Ask them for a contract you can use, to apply toward financing your own truck.

 

[Mark K]

I'd go to a truck dealer and discuss it with them. Their job is to sell trucks and get them financed for the buyers.

If they can't get you reasonable financing, nobody can.

A buddy sold Kenworths and Freightliners for 35 years; he could get anyone with a pulse a truck loan but the interest rate will be based on the risk. If your credit sucks, get ready to pay the piper.