Wednesday, March 11, 2009

Are Banks Giving Out Cash For Dump Vans in the 2008-2009 Fiscal Fiasco?

Owner financing has been around since the start of time.

Its perturbing to me to see and read articles where folk who presumably are executives, well informed insiders, etc provide their expert viewpoints on a subject they seemingly don't know a lot about. First Parable Squashed : Whilst it could be true that owner funded houses may carry a higher interest than what a standard bank can offer for a loan, this does not need to be the case, and in all of my experiences, hasn't been the case.

If you have got strong credit in the 680 or higher range and you do not have any major negative items, you've got a 2 - 3 year business history, a good finance package, etc, then your funding search for a dump van shouldn't be to challenging. In the event you are beginning a new business and you have lower credit ratings, it is going to be a little harder. Several banks have seen an attack o! f repossessions with dump wagons, many of them have claimed they do not wish to finance any dump wagons for the present. Yup , if you're making a minor concession and are prepared to get your dump wagon from a banks stock, then the banks will make financing concessions for you.

Here is lots more information on credit

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