Search results

Good Morning, First-time commerical truck buyers have always had a difficult time finding financing. The primary reason for this is that most lenders require comparable term debt experience so they can review the payment history of any previous commercial equipment loans. However, there are a...

Hello Everyone, Sorry I have been absent from the forum for a while but I have been talking to individuals nearly every day who are calling me about how to finance an expediter truck - both experienced O/Os and first time buyers. Often after I have talked with someone who wants to buy their...

For first-time buyers you should expect a lender to require a minimum credit score to be 600 up to 650 depending on the lender. Because you do not have any commerical credit from the lenders to review your personal credit is very important. It is very common for down payment requests to be...

I noticed that many of you have posted that you are members of the OOIDA. Unfortunately, they will not finance expediter trucks even with Class 8 tractors pulling the boxes. I know the OOIDA finance program well because I started the finance program for the OOIDA in 2004. In fact, they still...

Good Morning Linda & Bob: While credit scores are a necessary part of the finance arena, it is very important that owner-operators in the expediter industry be aware that they actually have 4 or 5 credit scores that can affect them whenever they are applying for commercial credit. Most...

Good Morning Jim & Shayne: I am sorry but I never received an e-mail from you that I can find in either of my e-mail accounts. Please resend your original e-mail and I will be glad to answer any questions you may have about truck financing or any other finance topic. Thanks for your interest...

Good Morning Everyone, One thing that everyone needs to be prepared for when purchasing a truck is the higher down payments that lenders are requiring now. Because the lenders had so many trucks go into default over the past few years they are looking for larger down payments to give them...

Greg, I have been involved in the world of finance for over 30 years. I have been a investment banker and Certified Financial Planner. For the past 10 years I have been National Sales Manager for an equipment financing company. The last seven years has been primarily devoted to financing...

Good Morning, my name is Steve Kochensparger and I am the new moderator for the new Finance Forum. I currently manage Expediter Equipment Finance located in Columbus, Ohio. I have several years of truck and trailer finance experiance and for the past seven years I have specialized in providing...