Commercial vehical loans

[Mike Pailliotet]

Rates for what im looking for are between 6.3to 7.hell no


Remind this idiot why I dont just go with a personal loan..

Is it the upfit factor?

 

[KevinD]

Do you have a stock portfolio?
You can get a security based loan for 3-4%
I keep a 100k revolving line open on mine...Just in case.
And you simply access it by writing a check. No waiting on anyone's approval.

 

[Jim Williams]

Try Pen Fed credit union. I got around 5.7% with less than perfect credit due to a real estate deal that crashed a few years ago. I was pleasantly surprised. Just remembered they did it as a personal loan. Try any local credit union. They always have good rates.

 

[clean image]

Yea. 16 i got 3.9. 17 was 5.5 i thinks... cost more to borrow now

Problem with personal. Liability and tax write off, And like you eluded , i got 5k in business upfit, rebates a persoanl will not get

If your making more than 5.9 in your investments. Pay cash, you can still defer the tax break

 

[FB7777]

I've got a HeLOC that's 4%

Downside is it's adjustable based on prime lending rate

 

[MerCrewser]

Ford will do it for 4, 20% down.

 

[Wandslinger]

Pay cash son

 

[jcooper]

Pay cash son

Who's got 65-70k laying around?

 

[clean image]

I would think a company running 3 or more trucks that has been doing it over 5 years, would be fluid enough if needed

 

[DAT]

I would think a company running 3 or more trucks that has been doing it over 5 years, would be fluid enough if needed

I used to think like that til about recently...

 

[Sierra Clean Care]

BDCC.... just like the rest of us...

 

[Wandslinger]

Who's got 65-70k laying around?

Please, we are talking about Mikey....he's loaded.

 

[Nomad74]

What am I missing here Mikey? I thought with all your high end billionaire only type customers you would be able to just write a happy check for a new van. Is this a tax thing?

 

[Mike Pailliotet]

billionaire only type

only?

 

[Nomad74]

only?

Well. Maybe a few millionaires just to keep you humble.

 

[Mike Pailliotet]

lets talk when you have 5 employees

 

[Nomad74]

lets talk when you have 5 employees

Not sure I want that headache. I had seven employees when I had my rentals and that was like managing a day care. As Robert Keosaki says. Employees equal headaches.

 

[Nomad74]

I’m know. I’m bitter. Life has done that to me.

 

[steve_64]

I’m know. I’m bitter. Life has done that to me.

Whiskey sour helps

 

[Connor]

Please, we are talking about Mikey....he's loaded.

No, he's just full, theres a difference.

 

[rick imby]

Step one---Buy house and pay it off asap.. Step two buy another house move into it and pay it off asap. When you need big money get mortgage on paid off house---When house #2 is paid off buy another house and move into it--- Keep at it, money is always easy to borrow this way...

 

[Papa John]

Ah-- I Was going to post something-- but it would only get moved to the hanging Chad room.. so ill just occupy my time by adding another layer to my tin foil hat

Carry on--

 

[Mike Pailliotet]

Step one---Buy house and pay it off asap.. Step two buy another house move into it and pay it off asap. When you need big money get mortgage on paid off house---When house #2 is paid off buy another house and move into it--- Keep at it, money is always easy to borrow this way...

Where were you and this advice 30 years ago?

 

[Papa John]

Step one---Buy house and pay it off asap.. Step two buy another house move into it and pay it off asap. When you need big money get mortgage on paid off house---When house #2 is paid off buy another house and move into it--- Keep at it, money is always easy to borrow this way...

Great advise- just don't get divorced.

Damn! In 2008 you could by a condo/towwnhouse in East bay area, near Joe Applebee's for as low as 50k, but getting a loan then was near impossible.
Sadly I seem to have money, yet not enough, when prices are high and NO money when prices were low.

 

[Mike Pailliotet]

Still kicking myself for not buying a Princeville condo for $225

 

[Joe Appleby]

Great advise- just don't get divorced.

Damn! In 2008 you could by a condo/towwnhouse in East bay area, near Joe Applebee's for as low as 50k, but getting a loan then was near impossible.
Sadly I seem to have money, yet not enough, when prices are high and NO money when prices were low.

Small condos near my shop were in the 90-100k range in 1988 when my wife sold hers.
If they were in the 50s in 2008 I must have been in a coma.

 

[Papa John]

Small condos near my shop were in the 90-100k range in 1988 when my wife sold hers.

I think the condo I saw at the 50k price wasn't in a safe areas. The possibiliy of daily muggings and burgurires would have added to the cost of ownership-- that' one reason I didn't buy.

 

[rick imby]

Great advise- just don't get divorced.

Damn! In 2008 you could by a condo/towwnhouse in East bay area, near Joe Applebee's for as low as 50k, but getting a loan then was near impossible.
Sadly I seem to have money, yet not enough, when prices are high and NO money when prices were low.

Yes I lost one house and a fourplex after 10 years of marriage. She got the fourplex and I got the mortgage... That was 20+ years ago.

 

[rick imby]

Small condos near my shop were in the 90-100k range in 1988 when my wife sold hers.
If they were in the 50s in 2008 I must have been in a coma.

Some of us never came out of our coma..

 

[Russ T.]

Step one---Buy house and pay it off asap.. Step two buy another house move into it and pay it off asap. When you need big money get mortgage on paid off house---When house #2 is paid off buy another house and move into it--- Keep at it, money is always easy to borrow this way...

Good stuff right there.

We’ve had plenty available at a reasonable rate by opening a HELOC. The Bancorp is always happy to fund the modest finds I come up with too.