How Do You Get A Loan For A Semi-Tractor?

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Everything you buy in grocery stores, department stores and even the mail delivered to your home or office comes by truck. Anyone thinking of tapping into the trucking industry needs a semi- tractor, and since most people can't pay cash, here's how to get a loan. Step 1 Go to a manufacturer's sales office if you would like to purchase a new semi-tractor. Many of the manufacturers offer in house financing for people that qualify. Step 2 Visit a used semi-tractor sales lot to see if there's a truck you'd like. Once you find the right semi-tractor, apply for a traditional bank loan using the semi-tractor as collateral. Step 3 Find a used truck lot that offers direct financing of the semi tractors that they sell. Generally this type of sales lot offers financing from within its own company, and is a "buy here, pay here" business. Usually you are able to take the truck home the day that you purchase it. Step 4 Locate a semi-tractor that is for sale from a company that offers a delayed ... more
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