Finance/ loan companies for first time owner operators?

[msesatx]

(10-12-2016 )Mrkentee Wrote:  

(10-12-2016 )mmmm Wrote:  hows it going gentlemen,
after researching I've decided to pursue the sellers 2010 international prostar initially reccomended by in2trux! Well, long story short I'm in need of a solid finance/loan company to fund a new owner operator. Where I[/size] bank, they do not offer equipment loans just large personal loans under 20k. Luckily I found a couple loan companies as a back up plan but face higher interest rates (which would be incorporated with budgeting to make sure it's worth the load). I will pursue it worst case scenario because I fell in love with the truck! lol I have established above average credit and have a reserve for the initial costs. Any recommendations/ advice would be greatly appreciated!

Expect high interest on your first truck. Usually dealers have people they use. Mine tried GE Capital first, but the rate was too high. So he tried Bank of the Ozarks in Little Rock and they were better. The more you can put down, the better.
When I have two years of tax returns, I can refinance for a much lower rate from another bank.
If it's a private sale I guess you have to shop around. Somebody here can probably give you a website or something.

thanks!
Yeah it's just coming down to the best interest rate, and the amount on a down payment. very doable, Just have to find it!