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Not many owner operators know there are no credit check semi trucks financing opportunities available from dealers/lenders.

These semi trucks are available like any other leases with approximately 12-15% due upfront as a down payment. This creates a tremendous buying opportunity for the owner operator with a good driving history but poor credit history.

The dealer/lender is more interested in the owner operators references, personal and business, than his past credit. They want to see whom he is leased on with or how he will derive his future income with his new acquisition.

There are many alternatives in obtaining semi truck financing. Whether you are a start up or a seasoned business, the first logical place to investigate your financing is at your local bank. This may be a pleasurable experience if you have many contacts at your bank but most people usually don't have these types of connections.

The seasoned or fleet operator must have at least mid 600s on their credit scores and be prepared to go through a long paper process. Prior year tax returns are required, current personal financial statements needed, interim financial statements and other banking information pertaining to your business and personal bank balances are required.

The start up business must have a credit score properly 680 or higher and will have a much smaller success rate in obtaining bank financing. The business start up is a much higher risk factor and must adhere to tougher lending standards than the seasoned or fleet operator.
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The types of semi trucks we are talking about are Freightliners, Internationals, Kenworths, Mack, Peterbilts and Volvos. The years manufactured are from 1999 to 2007. There is a good selection of makes and models and gives the owner operator a buying opportunity. This program applies for start ups as seasoned businesses…
The application process is quite simple and the dealership has a vested interest in getting to know you and your driving history. The process of obtaining a semi truck is no different than any other type financing vehicle.

Happy hunting for you semi truck and its related financing.

www.cclgequipmentleasing.com/trading.com


www.cclgequipmentleasing.com

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Category Autos & Vehicles

Tags no, credit, check, semi, truck, financing, finance, trucks, over, the, road, tractor, sleepers, trailers, sleeper, cabs