linrick1 Posted December 12, 2006 Share Posted December 12, 2006 Hello to all. I talked to my bank today regarding financing to purchase an older (1989) Mack and they want nothing to do with it. Where would I want to go to obtain financing? Thanks, Rick Quote Link to comment https://www.bigmacktrucks.com/topic/1839-financing-an-older-mack/ Share on other sites More sharing options...
Speed Posted December 13, 2006 Share Posted December 13, 2006 I'd have to say it depends on the amount you need and your credit. If it's not an un-godly amount of money,you might be able to swing a signature loan-that's how I bought both of my Harleys;of course THAT was back when I still had credit... The reason for that,at the time,was because using a loan that was non-specific,I didn't have to tell the bank what I wanted to use the money for,and I was able to go with less expensive insurance than their required full coverage,keeping my payments about a third lower. If you need a larger amount,you might see if you have any close friends or relatives willing to co-sign or put some property or a newer vehicle on the line as collateral. Also,in some truckers' magazines there are advertisements for sales brokers who specialize in this kind of situation. Probably couldn't hurt to check into that option. Best of luck with your purchase! Speed Quote "Remember-ANY Gun Control is Unconstitutional!"<!--sizeo:3--><span style="font-size:12pt;line-height:100%"><!--/sizeo--><i><b>MACK-E Model Registry # 36</b></i><!--sizec--></span><!--/sizec--><a href="http://www.nvabatetravel.com/"target="_blank">http://www.nvabatetravel.com/</a> Link to comment https://www.bigmacktrucks.com/topic/1839-financing-an-older-mack/#findComment-8909 Share on other sites More sharing options...
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