1. Have your Financial Affairs in order: 5 Things that financial institutions look at when making an approval decision is if the customer fits into the following categories:

• Home-ownership – Having a mortgage is a positive.
• How many years with a CDL (Commercial Driver’s License) – The longer the driving history the more it helps.
• Fleet – Do you currently own have 2 or more trucks and are you purchasing another? This will help show business growth.
• Positive Bank Statements – Showing consistent money coming in; as well as, showing a moderate balance at the end of each month, is a big plus.
  
• Above Average Personal Credit – By not having excessive bad marks and/or late payments on personal credit, this along with having decent credit history will help.

2. Thoroughly Research Trucks for Sale: By shopping the available market, you put yourself in a position to find not only the best fit truck for your needs, but you give yourself the power to negotiate when coming to an agreement on price.

3.  Consider a Down Payment: While we always do our best to provide financing approvals that allow our customers to put as little down as possible, setting money aside for a down payment can increase a new owner/operator’s chances of getting approved.

4.  Other Expenses: Remember that the expenses don’t end at the price of the truck, you must also consider the costs of Sales Taxes and Insurance…it’s important to not overspend on a truck, so that you have extra funds to cover those costs. (We can provide you with the option to finance the Sales Taxes if you choose to do so.)

5.  Communication: Open communication between our customers and ourselves is of the upmost importance. By keeping everyone on the same page it allows the Seller of the Truck, the Purchaser of the Truck, and the Funding Source to work through process as smoothly and as quickly as possible, so that when the time comes to pick up the truck, there are no hiccups or delays.