His first time getting his Own Truck, was finding someone in our area that had a for sale sign on it.
An Owner Operator in the next town had a 79 KW900 for Sale sign on it. This was back in 1985,. He approached the guy and since they were both truck drivers, he asked the guy if he could make payments on it. The guy needed to get rid of it due to a divorce , and said Yes!
They both went to the bank were the guy had it financed and the bank drew up a third party contract for used international for sale. $700 dollars a month., that he would take over the payments. The contract was written , after the full payment was made , the truck goes in my husbands name.
The Second time was easier,,,, when he wanted another truck, he did the same thing. Approached a Local Owner Operator who was selling his truck.
Well my husband was working for a Straight Broker, hauling produce. He asked the guy if he could make payments on the truck, cause he already has the work for it. He gave him 1,200 dollar down payment.
The guy made up his own contract.
We got about 3 or 4 more trucks afterwards., by the same method. A Volvo, International, and 2 Peterbuilts. His last one now is a Red 379 Peterbuilt. And he used his previous sellers as references.
As Long as you find someone LOCAL, there shouldn’t be a problem asking to make payments.
Many Owner Operators will advertise in your local paper , selling their truck for a specific amount.
It doesn’t hurt, asking them if you can make payments on it.
The reason to stay Local, is, if you stop making payments, he can come take his truck back. This a Reassurance for the Seller.
An Owner Operator in the next town had a 79 KW900 for Sale sign on it. This was back in 1985,. He approached the guy and since they were both truck drivers, he asked the guy if he could make payments on it. The guy needed to get rid of it due to a divorce , and said Yes!
They both went to the bank were the guy had it financed and the bank drew up a third party contract for used international for sale. $700 dollars a month., that he would take over the payments. The contract was written , after the full payment was made , the truck goes in my husbands name.
The Second time was easier,,,, when he wanted another truck, he did the same thing. Approached a Local Owner Operator who was selling his truck.
Well my husband was working for a Straight Broker, hauling produce. He asked the guy if he could make payments on the truck, cause he already has the work for it. He gave him 1,200 dollar down payment.
The guy made up his own contract.
We got about 3 or 4 more trucks afterwards., by the same method. A Volvo, International, and 2 Peterbuilts. His last one now is a Red 379 Peterbuilt. And he used his previous sellers as references.
As Long as you find someone LOCAL, there shouldn’t be a problem asking to make payments.
Many Owner Operators will advertise in your local paper , selling their truck for a specific amount.
It doesn’t hurt, asking them if you can make payments on it.
The reason to stay Local, is, if you stop making payments, he can come take his truck back. This a Reassurance for the Seller.