Financing

duwayne86 · Apr 12, 2015

Would like to find a dealer that may have good used or semi new sprinter van for 100% financing? Thanks Duwayne Owens

Lawrence · Apr 13, 2015

100% Financing? I can't think of one company that would do that - at least one that is on the "up & Up". Most are going to ask that you have some skin in the game - 20% for starters.

xiggi · Apr 13, 2015

duwayne86 · Apr 13, 2015

Anybody ' dealer or a owner out there would lease a new or semi new a sprinter van?

Ragman · Apr 13, 2015

duwayne86 said:
Anybody ' dealer or a owner out there would lease a new or semi new a sprinter van?

You really need to take a long hard look at what you are asking perfect strangers to do.

BiggMaNN59 · Apr 13, 2015

Chrysler Capital finance is not very touchy if you know what I mean!

duwayne86 · Apr 13, 2015

I didn't mean anybody I was looking for a dealer or a owner that would like to get out of his sprinter

BiggMaNN59 · Apr 13, 2015

Sorry, misunderstood ya!

duwayne86 · Apr 13, 2015

I have been asking some friends if they would like to be investors, only for the down payment. All I need is to come up with about $5,000.00. Three for down and two for escrow.

paullud · Apr 14, 2015

duwayne86 said:
I have been asking some friends if they would like to be investors, only for the down payment. All I need is to come up with about $5,000.00. Three for down and two for escrow.

Then once you're broke again after you pay the escrow what do you do? If you have to borrow a down payment then you just aren't ready and are destined to fail. You have no business putting your friends in such a horrible position. Just find someone to drive for and stay with then long term. After awhile they might sell the vehicle to you at a discounted rate.

usafk9 · Apr 14, 2015

Lots of naysayers here. We bought our first truck with the last $500 to our name as the down payment. It was a seller-financed $34k purchase. We paid it off in 5 months and 27 days.....by working. Sold it, bought the next through a little more conventional means. Bought another since, and, in turn, am selling that one by carrying the note. Engine bit the dust on the second one, and we paid cash for the new one, plus weathered 7 weeks with zero revenue.

That path is not for the faint of heart. Not sure if I would do it again, knowing what little we knew then. We studied our trade, and worked hard. We also got a bit lucky.

Do your homework Duwayne. It can be done.

xiggi · Apr 14, 2015

That's great you were able to do that but people also have to keep in mind there is a huge difference in the st market and van market out here.

ntimevan · Apr 14, 2015

Yes ..its good to hear someone has a success story on an owner Finance vehicle sale... because its probrably a 50 fail to 1 success ratio .... IMO

duwayne86 · Apr 14, 2015

I know that's what I'm trying to do

duwayne86 · Apr 14, 2015

I don't have my cdl's anymore for straight trucks

duwayne86 · Apr 14, 2015

But I might be able to get them back if I can pass my dot physical

tknight · Apr 14, 2015

xiggi said:
Fyda

The home of the 135 an hr labor charge!!
125 for most other trucks and 155 per hr if you dumb enough to take a motor home to them!

Lawrence · Apr 14, 2015

usafk9 said:
Lots of naysayers here. We bought our first truck with the last $500 to our name as the down payment. It was a seller-financed $34k purchase. We paid it off in 5 months and 27 days.....by working. Sold it, bought the next through a little more conventional means. Bought another since, and, in turn, am selling that one by carrying the note. Engine bit the dust on the second one, and we paid cash for the new one, plus weathered 7 weeks with zero revenue.

That path is not for the faint of heart. Not sure if I would do it again, knowing what little we knew then. We studied our trade, and worked hard. We also got a bit lucky.

Do your homework Duwayne. It can be done.

Thanks for sharing. I agree - it can be down with hard work and motivation.

paullud · Apr 15, 2015

usafk9 said:
Lots of naysayers here. We bought our first truck with the last $500 to our name as the down payment. It was a seller-financed $34k purchase. We paid it off in 5 months and 27 days.....by working. Sold it, bought the next through a little more conventional means. Bought another since, and, in turn, am selling that one by carrying the note. Engine bit the dust on the second one, and we paid cash for the new one, plus weathered 7 weeks with zero revenue.

That path is not for the faint of heart. Not sure if I would do it again, knowing what little we knew then. We studied our trade, and worked hard. We also got a bit lucky.

Do your homework Duwayne. It can be done.

Was this done in the last few years or awhile ago when rates were better matched with expenses? Wasn't this also done in a straight truck? He's talking about borrowing $5k for a down payment on a van which as we know is a completely different world.
I don't see an issue with owner financing because it is a great way for sellers to get more money for a truck that is a little older. As long as the terms are fair for both parties I would buy a truck through owner financing as a way to buy a cheaper truck.

duwayne86 · Apr 17, 2015

I don't either! I would like to start off that way or just a driver. But for some reason not to many offers or coming my way to b a driver or owner to sale.