Right Deals for the Proper Trucking

Do you plan to buy a truck or van for your specific or commercial activities? Follow these tips to make sure you find the best financing.Do not hesitate to ask Credit Brokers Creditors for advice when applying for a truck loan, to get the best rate and the right loan for your cheap truck credit.

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Prepare your loan file

Like the purchase of a private car, the purchase of a truck often requires the use of one or more financing on credit. If this is your case, consider presenting a strong loan file if you want to benefit from more flexible loan terms tailored to your profile. The Free Freight Search’s truck load boards are right there.

Know first of all that your application will not be considered as a consumer credit application if you apply for it on behalf of a sole proprietorship or a company registered as such. Thus, to be eligible for the credit, the subscription of the credit truck must be made in own name. Then come the other legal criteria to respect:

  • The loan must be at least 200 euros, while being less than 75 000 euros, except in exceptional cases. If the truck is more expensive, you have the choice between taking out several different loans or making a personal contribution to supplement your acquisition fund.
  • The repayment term is capped at 7 years. You must therefore guarantee the repayment of all loans at this time.
  • Proof of income, identity or employment must be included in the file to assess your creditworthiness.
  • You are not registered with FICP, the National Register of Repayment Incidents

The help of specialists such as Credits Brokers are essential to you to constitute the best possible file for your request of loan truck.

What financing methods?

Once your loan file has been prepared, you can proceed to the next step, namely the subscription of the contract itself. You then have the choice between several loan offers, from banks, specialized companies and manufacturers themselves. The financing available to you is divided into several categories, including:

  • Assigned loans: to be subscribed with a bank or a credit company, these contracts are dedicated exclusively to financing the purchase of the truck.
  • Unallocated personal credits: with these loans, you are free to use the allocated funds in any transaction of your choice. You have the option to decide on the model and the brand of the truck to buy at any time, as long as you have the amount of credit.
  • Free credits: However, the solvency conditions remain the same as with an assigned or unallocated bank loan. You negotiate the terms of repayment directly with the seller at the time of purchase.

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