I have three box trucks through Toyota Commercial Finance, those three vehicles come to around 280k.
I have been approved through Daimler Truck Financial for semi-tractor at 110k. I dont think Toyota was able to finance the Western Star
We are expanding the biz. And a giant plus, all of these HUGE loans do not report to personal, and as far as I have seen, dont report to business credit either.
I hope someone can use this information in the future.
I havent been able to find alot of big truck info on this forum so I add when I can.
Thanks for the information, I have had good luck with Quality Leasing indianapolis,In
What rate are you receiving? Mine are 4-5.5%.
I will have to look at my paperwork, my current lease is almost 3 years old
Is it a real lease? I dont lease. Just straight financing. I have thought about leasing, just didnt see the upside, about 3 times more expensive than financing. But, it does include maintenance.
3 years ago I could not qualify for the $135,000 financing so I took the equipment lease, $1 buy out at the end. I take rent on equipment for a write-off, maintenence is my responsiblity. When I bought my Western Star glider, I intend for it to be the last truck I ever buy. Western Star is the toughest most durable truck out there and with a Series 60 Detroit is has a very reliable engine.
You are going to laugh, Im purchasing a Western Star also! Its an 18 4700 with 113k on it. The vehicle was a lease, but the maintenance was included so at least I know those happened on time. We have been purchasing trucks from the same family for 25 years. They have been a Western Star dealership for a few years and the owner really likes the quality of the vehicle. Im glad to hear you highly recommend that truck also. At first we were looking at Volvos, but everything is really expensive right now. If Im going to pay a higher price, I want a better vehicle. They have another one for sale, we might end up purchasing that one too.
And thats a great lease they did for you.
I feel that Quality has treated me well considering my credit numbers back then. Volvo trucks have always been on the heavy side and they body roll in curves, dash rattles ect not something I would ever spend my money on. My truck is a 2020 4900EX. the 4700 is typically a dump truck or something similar, built like a tank. Western Star is to my knowledge the only truck still built entirely in USA. Portland,Oregon to be exact. Good luck!
I have a buddy who only purchases Volvos. I dont think he has any electrical problems as far as I have heard, but thanks for the info. Ill store that away in my little brain rolodex.