FINANCING SCAMS!! | Finance Your Commercial Equipment Without Getting Ripped Off!

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FINANCING SCAMS!! | Finance Your Commercial Equipment Without Getting Ripped Off! | TIPS

Рет қаралды 9,692

Күн бұрын

How to AVOID Financing Scams in the Trucking Industry!
Are you looking to start financing your Truck, Trailer, Flatbed or Reefer? Whether it's new or used commercial equipment, how can you avoid financing scams in the trucking industry?
How does ET Transport finance their trucks? How does Ronen get the best deal when financing new and used equipment?
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Пікірлер: 41

@freedomworks3976 Жыл бұрын

Debt free is the way to be. It’s better to be great with money and bad with credit than to be great with credit and bad with money. Money and credit are not the same thing. Money and debt are not the same.

@johnnyd840 5 ай бұрын

They tell you they won't run a hard inquiry, meanwhile Aramada ran it twice! Thanks Rita!!!

@NorthAmerican-Trucking-News 5 ай бұрын

I know, right?

@Airbrushguy 16 күн бұрын

Did you went through them?

@daljeethans3761 Жыл бұрын

Support this guy with like and comment. He is helping us a lot with everything.

@tomsteketee4124 Жыл бұрын

Thank you for the invaluable information, this channel is like my bible of information when I have questions about trucks! I chose a 2023 freightliner because of the incredible review ET transport does on trucks.

@differencemaker242 9 ай бұрын

Thank you so much. People like you are a real blessing to the rest of us.

@Trucker_AB Жыл бұрын

My experience was different with them. It took them to get me approved 1 week and I sent my company details and even my tax return papers. After a while they came back and advised me they would give me 8% . I advised them I’m getting less than that elsewhere, she said I’ll get back you and send it to another lender. Then she said ok we got approved for 6%. Do your research people do not trust everything you see on here.

@alirahal5900 Жыл бұрын

From Dallas,Tx :Thank you Ronen for your guidance and your insight.

@kebrongee9614 3 күн бұрын

Im in Dallas looking to buy a truck

@farkhodazizov4199 Жыл бұрын

100k subscribers. Congratulations ET. Congratulations.

@robertovillalon2841 Жыл бұрын

This is a very valuable video! Thank you! I got screwed by a local used dealer and am having to pay double the sale amount. At the time all I saw was a $750 a month payment not realizing the total payoff amount is double the sale amount. So many scams.

@victormartinez-diaz6127 8 ай бұрын

Hello, I am in the same situation. Looking for help. What did you do? I am currently looking for legal help.

@user-ol5nm9yw9x 6 ай бұрын

Hi I’m in the same situation, I need help, they took a lot of down payment and the truck is worth more than the purchase price 😢

@stanfieldsamuel9297 3 ай бұрын

Thanks for the wonderful work you’re doing on helping us truck drivers. My question is, do you know if the company’s you suggested for truck financing are still in business in the US I fill out the form but got no response.

@NorthAmerican-Trucking-News 3 ай бұрын

Not that I know of

@michaelzma9102 6 ай бұрын

Great video. This is exactly what I was looking for

@drerogofficial 6 ай бұрын

This is when the “office boy” skills 🤓 actually pays off! Lol ✅

@KEVINLEE-pf8lo Жыл бұрын

Ronen, THANK YOU SO MUCH!!!! for the info, it was very helpful and I appreciate it

@johnmumford1135 Жыл бұрын

The company that my dad works for doesn't have to worry about that stuff right now. Instead they have to worry about how they're gonna get fuel to drive another day. It was a company owned by to Lebanese brothers in Houston but one pulled his money out and left leaving only one. Now they dont get enough money on the fuel card for a full tank every day, only a few hundred dollars and to fill up my dads 150 gallon torpedo tanks on his 2006 W900 from just a third of the tanks full capacity, it's about $950. He cant get that because theres not enough on the card.

@dasimparmy2289 Жыл бұрын

Man I love this company!

@akindelogistics1991 Жыл бұрын

Ronen thanks again for this video.

@morrisdennis Жыл бұрын

Ur information is greatly appreciated

@Airbrushguy 16 күн бұрын

Is it required to send bank and 401k statements to lenders, I got a few calls and I started working with this company called axe trailers and finance, I’m kind of skeptic so I’m researching before I start handing out these information

@uria711 Жыл бұрын

Ronen, Did I understand you correctly? You said y’all purchased them for $200,000 and four years later they’re only worth $60,000. That would mean it depreciates just over $2900 a month over those four years. Am I understanding this correctly and could you please go into more details? Thank you for everything you do for the trucking community

@KEVINSURIEL 6 ай бұрын

Deprecation is 5 years that 40k per year or 3333 per month that $160k deprecation for tax write off reasons but he can sell the truck at what ever price he wants he just may have to pay tax on the profit on the truck for example in this case there will be a income of $20,000 the eyes of the government since 40k of deprecation is left over which can be deducted from the 60k on year 4.

@YouMe-cr2vt 2 ай бұрын

Does this form works for Cars too ?

@fidotoptrucker6061 2 ай бұрын

I’m trying to finance a 49,500 truck they’re asking for 16k down plus 4000 for the first two payments and then 972 for 54 months they are financing 34k what do guys think?

@NorthAmerican-Trucking-News 2 ай бұрын

That's sounds like a strange requirement I won't lie

@damianrodriguez5907 3 ай бұрын

When you put money down is it supposed to go towards the principle?

@NorthAmerican-Trucking-News 3 ай бұрын

Yes it does!

@parwiztorabi7613 Жыл бұрын

Thanks

@micaelvaldez2014 6 ай бұрын

Where's the link to fill out?

@tototme9648 3 ай бұрын

I would love to finance 1 semi truck for me thanks in advance

@NorthAmerican-Trucking-News 3 ай бұрын

We've partnered with some lenders that are all vetted by us! You can fill out this form to get your information into their hands! www.ettransport.ca/commercial-equipment-financing-2/

@morrisdennis Жыл бұрын

So many greedy scams!

@morrisdennis Жыл бұрын

Diamler truck financial did me right.