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Tag Archives: truck loan

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Truck Loans

Can I get a Truck Loan if I don’t own a house?

Finance News, Truck Finance NewsBy adminJanuary 21, 2019

In short, the answer to this question is yes you can – BUT it all depends on which financial institution you apply with. Generally, the big four banks would not give a truck loan to anyone that does not own a house, unless the customer is contributing a large upfront deposit (30% or more) or…

Truck Loan Balloon payment

How Does a Balloon Payment Work For Truck Finance and Heavy Equipment Finance?

Finance NewsBy adminJuly 13, 2016

What is a balloon or residual payment? A balloon payment can be applied to any Truck Finance or Heavy Equipment Loan facility in order to reduce monthly payments and preserve cash for working capital purposes. A balloon payment might also be called a residual or RV depending on what type of loan is in place.…

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