Truck Credit Criteria

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      Credit Criteria for Trucks & Trailers

Owner-Operator Truck Financing Guidelines:

·        Up to $55,000 funded

·        No Minimum Credit Score

·        Finance truck and equipment for 24-36 months

·        Extended Warranty can be included in the financing

·        You own the equipment/truck once the final payment is received.

·        No mileage fees

·        Up to 25% down payment required as additional collateral, or other vehicles, equipment or real estate

·        2014 or Newer Tractors, Trailers/Reefers

·        Class 8 Tractors < 700K miles

·        Class 6 Tractors < 250K miles

·        New CDL Owners are OK / Non-CDL Owners Considered 

Owner-Operator Truck Financing Notes – Additional Make, Model & Age Guidelines

CLASS 6-7 MEDIUM DUTY TRUCKS: Must be 2014 or newer with less than 250,000 miles.

Maxxforce 7 & 9 (Medium Duty) Engines are not eligible

 

CLASS 8 TRUCKS: Must be 2013 models or newer with less than 700,000 miles.

All 2014 and older trucks with Maxxforce 13 and N13 engines (not eligible)
Mercedes Benz engines (not eligible)
Cat-13 engines (not eligible) 

REEFERS: The refrigeration engine must be 2014 or newer with less than 15,000 hours.

ALL OTHER TRAILERS [Dry Van, Flatbed, Step Deck, Car Hauler]: must be 2013 or newer. These trailers may require free and clear title to the pulling unit as additional collateral, although exceptions may apply on a case by case basis.

Owner-Operator Truck Financing – Non-Approvable

 ·        Voluntary Surrender

·        Child Support Delinquency

·        Current or Dismissed Bankruptcy (Discharged Bankruptcy is acceptable)

·        Open Tax Liens $10k & above

·        Automobile charge-off or reposession

·        Private Party sales

·        Rebuilt, rebranded or salvaged titles

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