Road Front

Road Front

Here is an update on no credit check financing and leasing programs on semi trucks, big rig trucks, over the road trucks, tractor trailers, 18 wheeler trucks. Many owner operators and company truck drivers have poor, marginal and bad credit for various reasons. There are semi trucks financing and leasing programs available which willn't make a decision on your credit, but on your references and other mitigating factors.

 

In today's economy,lenders, the trucking industry etc is in a bad position. There are many drivers out of a job, new students obtaining CDLs, some fleets, in niche markets, are drying a way to expand and financing is a big road block. Companies are either over extended, not making payments on time due to various economic reasons, or just right frustrated which way to go.

 

The economy is created this large secondary market of off lease semi trucks whick must be moved. The lenders/dealers cash flow and staying in business depends upon a movement of these over the road trucks...

 

To make your decision making easier, I have presented below a detailed requirement list of what it will take you to get through the lending process. The paperwork is more basic than conventional financing and the time process for approval usually is faster. Additionally, the leases have a $1.00 buyout ath the end of the lease and title will base to you at that time. All expenses during the lease will be considered operating and you can write them off as expenses.

 

Here are some basic requirements to qualify for these programs, remember they aren't all the same: Front Money would be between $4000- $6500 depending upon the sem truck selected.

 

 1) Complete credit application.

 

 2 Lease agreement or Letter of  Intent from company hauling for.

 

CHECK OUT SOME OF THESE SPECIALS,  NO CREDIT CHECK

 

 3  Utility bill in your name, with current address.

 

 4  CDL drivers license and social security card/If additional driver, their info as well.

 5 Insurance

A.   PRIMARY AUTO LIABILITY ($1,000,000)

 

*Verification from company hauling for (Certificate)

-OR-

*If you have your OWN AUTHORITY—Primary

 Liability Certificate listing Year, Make & VIN #

w/Lender listed as Additional Insure

NON-TRUCKING/BOBTAIL LIABILITY 

$1,000,000CSL w/ Lender listed as

Additional Insured. 

PHYSICAL DAMAGE (Value of Truck w/$1,000 Ded.)

with lender  listed as Loss Payee.

1)   Down payment in available funds; Wire, cash, money order, cashiers check or certified check. 

Having these readily available will speed up the process of having your agreement completed in a timely

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manner.

My Jeep Cherokee Off Road in MA on 8-21-10