Truck Financing - THEN VS NOW | GOOD VS BAD Credit in 2023
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Have you ever considered financing a used/new truck? In this video, Ronen goes through different interest rates and down payments with various credit scores & calculates the monthly/interest payments. Ronen also goes through brokers commissions calculating the total interest paid with different loan terms and interest amounts. Ronen also shares a story of how he saved a truck driver $15,000!

Whether you're a prospective entrepreneur considering entering the world of trucking or an existing owner-operator seeking insights for success, this video serves as an essential guide to navigate the challenges and triumph against the odds.

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Chapters:
00:00 Introduction
01:07 1) Realistic Interest Rates
01:40 2) Realistic Down Payments
02:05 2021 vs Now
02:41 How much did ET finance trucks for in 2021?
02:53 Do not buy a truck with 0% in todays market
03:33 3) Duration of Lease Agreement
04:46 How do finance brokers work?
05:00 There are finance crooks who make 4-6%
05:14 There are Good Brokers and Bad Brokers
05:52 Balloon Payments
06:15 Bigger Buyouts
06:31 60 Month Agreements
07:10 5) Buying A Truck With Bad Credit
07:22 2023 Bad Credit Interest Rates
07:42 Do not Buy a Truck with Bad Credit in Todays Market
07:57 Only exception to the rule is if you have big down payment
08:17 Realistic Interest Rates from Back Then Vs Today
08:33 Commercial Equipment Financing ET Calculator
09:06 Excellent Credit - Calculated Rates
09:22 12% Calculated Interest Rates
09:37 Total Interest Paid
09:56 What much does a broker make from this deal?
10:09 What is 1-4% of a brokers commission?
10:42 5% Broker Commission Total
11:08 Most Profitable Room In a Dealership
11:34 Loan Terms and the Difference in Total Interest Rates Paid
12:23 What does a Broker make off a used truck deal?
13:14 Brokers have a lot of wiggle/play with rates.
13:55 Buying A Truck With Bad Credit
14:28 Calculated Interest on a Truck with Bad Credit
15:08 Link To ET Transport Calculator
15:53 How I Saved Someone $15,000!
17:42 Difference Between Monthly Payments
18:17 Conclusion

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🚛 Buying a new truck? We've negotiated with 4 different lenders to compete for your financing!

⬇️ Fill out this form and make them compete for your business!!! ⬇️

[ Ссылка ]

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