majorhavoc67
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Is anyone aware of any major or minor lenders that will loan on these types of vehicles?
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Lenders for HMMWV purchase?
- Thread starter majorhavoc67
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- 571
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- Evansville, IN
If you gotta get a loan, you cant afford the maintenance.. My 
..
Pay cash for it then start racking up all your credit cards on maintenanvce..
..Pay cash for it then start racking up all your credit cards on maintenanvce..
majorhavoc67
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Thank you for the advice. I have $10k saved up and don't keep a credit card. I wanted to get a loan for an additional $5-$7k to help build my credit score. I've also collected a fair amount of spare parts over the last several years for the maintenance.If you gotta get a loan, you cant afford the maintenance.. My
Pay cash for it then start racking up all your credit cards on maintenanvce..
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- Evansville, IN
Your state HMMWV freindly ?
majorhavoc67
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Yes. In Nebraska all you need is an SF97 or a road title from another state. That along with them inspecting it for all the mandatory stuff....Headlights, taillights, turn signals, ect...
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You don’t have enough, IMHO.
This is NOT a cheap vehicle.
please reconsider.
This is NOT a cheap vehicle.
please reconsider.
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Try Lightstream they do however favor folks with good credit. if not the rates can be as high as 25%
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Most likely you will have to do it as a personal loan, and not a vehicle loan through most financial institutions because they don't recognize military surplus as legitimate vehicles.
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USAA didn't mind loaning me, but membership eligibility is not open to all.
BDGR
BDGR
Autonomy_Lost
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I did a home equity loan when rates were 2.5%. Enough for the truck and repairs/upgrades. Mine will be paid off in a few months.
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$10k is more than enough money to get an auction truck…just understand how the bid and fee’s work before you bid.
Also…determine what truck model you want or can afford upfront
Also…determine what truck model you want or can afford upfront
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A truck you buy for $7500 will colts $11-$12,000 after paying for auction fees and transport.
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after buying a few hundred trucks, I’m pretty well versed in how it works…your assume the price is $7500, plenty of R1 trucks for under$6k, you don’t know where the OP lives and where he buys the truck from,Yermo and Albany aren’t the only yards now and you dont know if he owns his own trailer and can pick it up….thats alot of assumptions
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Bottom line is do your homework. Pictures are nice but not the same as laying hands on it. Plan to physically visit the depot before bidding. Self-pickup is better than arranging shipping, and be prepared to have to do A LOT of routine maintenance before trusting it.
BDGR
BDGR
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That's why I was sad when they closed the WPAFB site. Turn right out of my driveway straight past the National Museum of the United States Air Force and a right turn and it was there on the left.
majorhavoc67
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I appreciate the info. I also run my own small transport service, so I can write it off as a business expense.
Hummer Guy
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Use the humvee as a transport vehicle and you have another write off lol
majorhavoc67
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I agree completely!
Hummer Guy
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Ran quite a bit of deliveries in mines last year and definitely getting some write offs for business expenses lol
