[77Highboy]

What is the normal term of financing for tractors? 24, 36, 48, 60 months?

[Windwalker]

Depends on, new or used, and the sale price. My loan gets paid off in 42 months, total. Currently have less than two years to go. If your truck costs you $12,000 I would expect the duration of the loan to be no more than one year. New truck it would be five years.

[GMAN]

It depends on the age of the truck, your credit and lender. Most trucks will be financed for no more than 60 months. You can get financing with a commercial or business loan for as long as 10 years. I would say the majority will be around 36 or 48 months. You can sometimes get a lower interest rate for a shorter term loan. New trucks can usually get a lower interest rate than used. 8)

[tbaarr]

a straight lease for 3 years on a 120k rig will cost you

2k-2500 a month

save yer down payment and lease

that way yer only stuck for 3 years if owner opt aint right for you

plus a lease is a straight sch c write off

no depreciation and recapture crud

and you simply give the truck back in 3 years

just make sure you make your contract for 360k miles if not 400k

but if financing is your main goal cause you got to buy

pay your bills each month with a credit card

those bills you pay cash for now

bank the cash

and pay the card off at months end in full

you will raise your credit score 50-100 points in 6 months to a year

mines at 750

850 is the max

mines at 750 cause i got 2

3.9 interest balance transfer loans for 15k each

i make 15% on that money thanks to my pet stock

strum ruger

so i just pay off the minimum

i like my redhawk too

once you hit 700 credit score

the banks will treat you like donald trump

[GMAN]

Tbaarr, are you saying that you got 2 - 3.9% loans or a loan for 23.9%? The way you post makes it difficult to follow. Are you having a problem with your computer where you cannot post the way everyone else does? I am not trying to start something here, but it is like you speak with broken sentences. :?

[Crackaces]

Originally Posted by GMAN

Tbaarr, are you saying that you got 2 - 3.9% loans or a loan for 23.9%? The way you post makes it difficult to follow. Are you having a problem with your computer where you cannot post the way everyone else does? I am not trying to start something here, but it is like you speak with broken sentences. :?

I am seeing this more as a cult craze of Sun Tzu. Read Art of War and it is written like this .. so I guess it is brilliant to write in this prose ../


Of course the idea of communication is not to try and obstificate so the reader is challenged to understand some noble tidbit, but to express as easily as possible an idea that can be understood and expounded upon.

But I am not one to talk .. :P

[Crackaces]

once you hit 700 credit score

the banks will treat you like donald trump

Hmmm The really good rates do not start until 760. At 700 you will be more likely to get a loan and will not pay excessive interest rates to borrow money -- but in researching this my bank would extend me a business loan secured by collateral at 5 points above prime with a credit score of above 760. A standard commercial truck loan for a used truck was 14%.APR 20% down.

[shahan]

Yea his typing
makes me
want to have
a seizure
reading it.

I would like to check my credit score but I hear if you check it - it can put an inquiry on your report and lenders might deny you if you have too many inquiries. Is this true?

[freebird]

Originally Posted by GMAN

Tbaarr, are you saying that you got 2 - 3.9% loans or a loan for 23.9%? The way you post makes it difficult to follow. Are you having a problem with your computer where you cannot post the way everyone else does? I am not trying to start something here, but it is like you speak with broken sentences. :?

I'm with you GMAN>
The guy claims one year experience -company driver- now also is an expert on financing a truck??
Add to the fact that he is trying to collect past money owed!
I quit reading his posts shortly after he started and others asked him to conform to common posting etiquette.
I'm thinking if he's a driver, he's one of those blow hards that irritates others while trying to eat a meal, while telling of all his adventures!

[quito12]

Originally Posted by shahan

Yea his typing
makes me
want to have
a seizure
reading it.

I would like to check my credit score but I hear if you check it - it can put an inquiry on your report and lenders might deny you if you have too many inquiries. Is this true?

No this is not true at all. Well let me clarify that. It is not true if you check your own credit. Go here https://www.annualcreditreport.com/cra/index.jsphttp://and you can get your credit r...our score too.