Semi Truck Leasing with Bad Credit: FreedomWay Trucks Makes It Possible
Published on: December 4, 2023
Semi Truck Leasing with Bad Credit: FreedomWay Trucks Makes It Possible
Are you looking to lease a semi truck but worried about your credit history? In the world of trucking, having access to reliable financing options is crucial. At FreedomWay Trucks, we specialize in in-house semi truck financing, offering solutions for those who may have faced financial challenges in the past. This blog explores how you can lease a semi truck with bad credit and why our $5,000 & under down payment semi truck program is a game-changer in the industry.
Understanding In-House Semi Truck Financing
In-house financing is a flexible alternative to traditional lending from banks or credit unions. At FreedomWay Trucks, we handle the financing process internally, which means we can offer more personalized terms to our clients. This approach is particularly beneficial for those looking for truck leasing with bad credit, as it allows for more flexibility and understanding of individual circumstances.
Lease a Semi Truck with Bad Credit
Bad credit can be a roadblock in many industries, but not necessarily in trucking. Understanding that financial history doesn’t always reflect current potential, we’ve tailored our leasing options to be inclusive. Our program allows individuals to lease a semi truck even with bad credit, opening doors to opportunities and growth in the trucking industry.
The Benefits of Truck Leasing with Bad Credit
- Accessible Financing: Our in-house financing circumvents the stringent requirements of traditional lenders.
- Low Down Payment Bigrigs: With many of our trucks requiring $5,000 or less, it’s easier to get started.
- Quick Approval Process: With less emphasis on credit history, the approval process is faster, getting you on the road sooner.
$5,000 Down Payment or Less Semi Truck Program
We understand that upfront costs can be burdensome. That’s why our $5,000 or less down payment semi truck program is designed to ease the financial strain. This program makes truck ownership more attainable and includes comprehensive support to ensure your success in the trucking business.
Why Choose FreedomWay Trucks?
- Comprehensive Support: From maintenance assistance to registration and free oil changes, we’ve got you covered.
- Flexible Terms: Our contracts are designed with your success in mind, offering the flexibility you need to thrive.
- A Path to Ownership: Beyond just purchasing a truck, we provide a clear path to truck ownership, empowering your career growth.
At FreedomWay Trucks, we believe in providing opportunities for success, regardless of credit history. Our in-house semi-truck financing, coupled with our understanding of the challenges faced by those with bad credit, positions us as a leader in the truck leasing industry. With our $5,000 down payment semi truck program, we’re committed to helping you take the driver’s seat in your career.
Ready to start your journey with FreedomWay Trucks? Click HERE to see our inventory. You can also Apply Now or contact us to learn more about how we can help you achieve your trucking goals.
Taking Control in Uncertain Times: How FreedomWay Puts Truckers in the Driver’s Seat
Published on: November 9, 2023
Taking Control in Uncertain Times: How FreedomWay Puts Truckers in the Driver’s Seat
In the ever-shifting landscape of the trucking industry, stability can sometimes feel like a distant memory. Economic trends ebb and flow, fuel prices fluctuate, and market demands can change overnight. However, in the midst of the unpredictable landscape, there exists a steadfast source of empowerment for truckers seeking to buy or lease a semi truck: FreedomWay Trucks.
Empowerment through Flexibility
At FreedomWay, we understand that the key to empowerment in this industry is flexibility. Our unique Easy Qualifier Program is the foundation of this principle. Unlike traditional leasing or purchasing options, which often lock you into rigid agreements with rigid credit guidelines, our program is designed to adapt to your circumstances.
With options to rent and the opportunity to own, you’re in control from day one. You’re not just a driver; you’re a decision-maker, a crucial player in the direction of your career. And should the winds change, our program offers the flexibility to adjust without damaging your credit or being saddled with a loan you can’t pay.
Minimizing Risk with In-House Financing
Financial risk is a significant concern, especially when you’re considering a leap into ownership. That’s where FreedomWay’s in-house financing steps in. By removing the need for traditional credit checks and offering low down payments, we’ve opened the door for many who thought ownership was out of reach. This approach puts you in control of your financial destiny, turning the uncertainty of ownership into a calculated and manageable step forward.
Added Value that Drives Success
It’s not just about getting you into a truck; it’s about ensuring you have everything you need to succeed. That’s why our program includes comprehensive 48-state registration, covers all associated taxes, fees, and IRS fees, and offers repair assistance with 20% coverage on costs. When you partner with FreedomWay, you’re not alone; you’re backed by a team that’s invested in your success, providing you with the tools and support to navigate the trucking industry’s unpredictability.
The road may be uncertain, but your path to success doesn’t have to be. With FreedomWay Trucks, you’re not just surviving; you’re thriving. You’re not just driving; you’re leading. And in these uncertain times, that makes all the difference.
We invite you to take the wheel with FreedomWay Trucks, where empowerment is not just a promise – it’s our business model. Let’s navigate the future together, with you firmly in the driver’s seat. We invite you to view our inventory and apply now on our website.
Unbeatable Promotion: Huge Reduction on Down Payments
Published on: September 6, 2023
Unbeatable Promotion: Huge Reduction on Down Payments and Exclusive Package – FreedomWay Trucks Leads the Way in Semi Truck Leasing
Are you tired of hefty down payments and limited options for semi truck leasing? Well, fret no more because Freedomway Trucks has got you covered! With our unbeatable promotion offering huge reductions on down payments, you can finally breathe a sigh of relief. But wait, there’s more! Our exclusive package includes all the bells and whistles you could ever dream of. With our latest promotion, we’re redefining semi-truck leasing and setting new standards.
In-House Financing with Massive Down Payment Reductions
We understand the importance of owning your semi-truck. While financial barriers can seem daunting in this trucking market, FreedomWay Trucks is committed to making dreams come true. Thanks to our in-house financing, we’ve made it easier than ever by offering drastically slashed down payment requirements. Hitting the open road has never been this easy.
An Exclusive Package That Elevates Semi Truck Leasing
A low down payment is just the beginning. Dive into our Easy Qualifier Program and discover even more benefits:
- Rent, Drive, Decide: Experience the flexibility of renting with an option to make the truck yours after just ONE YEAR.
- No Credit Check: Getting a good truck lease shouldn’t be based on credit score. Keeping things simple and straightforward, we’ve eliminated the hassles of credit checks, ensuring A HASSLE-FREE path to your trucking journey.
- All-Inclusive Coverage: Along with 48-state registration, we cover all taxes, fees, and IRS fees. Say goodbye to hidden costs and unwelcome surprises.
- Unwavering Support: From repair assistance covering 20% of your repair bills to perks like free oil changes, FreedomWay is with you at every turn.
- Loyalty That Pays: We reward our truckers with bonuses and incentives, showing appreciation for their dedication.
Why FreedomWay Is the Top Choice for No Credit Check Semi Truck Leasing
FreedomWay Trucks is more than just a company offering promotions and customized packages. We are a partner that truckers can rely on. Our core values are centered around supporting dreams, encouraging aspirations, and creating exciting journeys on the highway. Each truck we lease and every bond we build reflects our unwavering dedication to our mission.
In Conclusion
Semi-truck leasing can be rigid, but FreedomWay Trucks is a refreshing alternative. Combining no credit check leasing, low down payments, and unparalleled support, we’re ahead of the curve.
Step into the world of FreedomWay Trucks. Apply for our Easy Qualifier Program and enjoy unmatched value.
Ready to experience the FreedomWay difference? 🚛
A Comparison Between Rental with Purchase Option and Traditional Lending
Published on: August 15, 2023
Navigating the Trucking Business: A Comparison Between Rental with Purchase Option and Traditional Lending
The road to success in the trucking industry requires making smart decisions. When it comes to acquiring your rig, the choices can be overwhelming. Should you go for a traditional lending method or choose a rental with purchase option when looking at semi trucks for sale? Here’s a comprehensive comparison to help you decide.
Rental with Purchase Option: A New Route to Truck Ownership
A rental with purchase option program from FreedomWay Trucks is becoming a popular alternative for many truckers, especially new business owners or small fleets. Here’s why:
- Lower Down Payment: Unlike traditional loans, this option often requires a lower down payment, making it accessible for many people who need to get into a truck with less money down.
- No Credit Report Check: A significant advantage for those who may have a less-than-perfect credit history or who have no previous business experience.
- 48-State IRP Registration & IRS 2290 Heavy Use Tax Included: This eliminates extra paperwork and added costs for registration and taxes, saving you both time and money.
- Option to Upgrade: Need a different truck? You can upgrade to a new rig after just one year.
- New Business Owners Welcome: This option offers a solution for entrepreneurs who are just starting in the trucking industry. FreedomWay Trucks welcomes you with open arms!
- No Penalty for Returning the Truck: If circumstances change, you can return the truck to FreedomWay Trucks with a 30-day notice without any penalties to your credit score.
Traditional Lending: The Conventional Road
Traditional lending methods are tried and true but may present some roadblocks for certain truckers:
- Credit Check Required: Your credit score will be thoroughly evaluated, possibly limiting options for those people with lower scores or a lack of credit history.
- Down Payment of 5-20%: This might be a substantial barrier for new or small-scale operators.
- Bank Approval Needed: Adds another layer of complexity and potential delay to your financing process as bankers want to see established and previous business ownership.
- No Protection Plan, Registration, or Taxes Included: These extras can quickly add up, increasing the overall cost.
- Credit Ruined if Truck Returned: If you’re unable to make payments and have to return the truck, your credit may be negatively impacted.
Which Path Should You Take?
The choice between a rental with purchase option and traditional lending depends on your unique situation. If you’re a new business owner with limited funds and looking for flexibility, the rental with purchase option might be your best route. However, if you have a strong credit history and can navigate the traditional lending process, that path might provide more conventional terms.
At the end of the day, understanding your financial situation, weighing the pros and cons, and seeking professional financial guidance can pave the way to the right decision for your trucking business. The road to success begins with making informed choices, and we hope this comparison has steered you in the right direction. Happy trucking!
New Year New Deals
Published on: January 6, 2023
New year, new deals
As we enter 2023, plenty of predictions loom about the trucking industry’s future. What we know for sure is that America needs truckers! With freight rates down and diesel up, FreedomWay Trucks has decided to lower the down payment on select inventory.
For January, we are offering select units at up to 50% off. Our selection of trucks included in this offer are reliable models, and they are all offered as part of the no credit check program. Volvo, Peterbilt, Freightliner, and more are all available. As with any offer, this is first come, first served. We will ONLY hold a truck with a deposit in-house.
For more details, please call 228-273-1147.
Enrollment Fee FAQ
Published on: December 20, 2022
Enrollment Fee FAQ
If you are interested in our in-house semi truck financing option, you may have seen or been told about an enrollment fee. However, we want to be very transparent about this fee, why we charge it, and what it covers. Those are reasonable questions, so we hope the following information will help you.
What is the FreedomWay Trucks Enrollment Fee?
The Enrollment Fee is a fee we request so that we can process your application. You may be familiar with document fees or application fees. These are both commonplace when it comes to vehicle or home loans. The Enrollment Fee at FreedomWay Trucks is similar to the document and application fees.
Why do I pay an Enrollment Fee?
The Enrollment Fee is an upfront charge for our review of your application and is non-refundable.* Like many other dealerships or financial institutions, we offset the time and expenses of processing your application with this fee. We are invested in your success from day one. This starts with the prequalification process by verifying your driving record and setting up a record in our database for you.
*Please note that this fee will be refunded if we cannot approve you for the program. We only keep fees for people who are approved! 👍
When is the Enrollment Fee due?
The enrollment process begins as soon as you are ready to start prequalification. Our team consists of Truck Specialists who will identify your specific needs for features, engine, transmission, etc., and also includes administrative staff. In addition, because the program includes your IRP tag and other features, we have special departments that are invested in your success and work on your behalf immediately.
How much is the Enrollment Fee?
As of the publication date, our Enrollment Fee is a very reasonable $299.
How can I pay my Enrollment Fee?
Credit or Debit Card / Venmo / ACH
Half Off Down Payment Promotion
Published on: November 25, 2022
In response to truckers’ current economic conditions, FreedomWay Trucks is reducing down payments on select trucks. Several units in our inventory are available now with half off the down payment. This promotion is part of our no credit check program!
For details about which units are included, please get in touch with our truck specialists at 228-273-1147. They will have an accurate picture of what trucks are readily available and can give you a total price to get up and running. These trucks include Freightliner, Peterbilt, Kenworth, and more. Your truck specialist can also give you payment amounts and explain the multiple benefits (including tax write-offs!) that our customers experience.
We hope that by reducing the cost of entry, more drivers can become profitable owner operators!
This promotion will run until December 30, 2022, and the truck must be picked up by that date.
FreedomWay Trucks Lowers Prices
Published on: November 7, 2022
As the used truck market comes off the extreme inventory and demand of the pandemic, FreedomWay Trucks has lowereed our pricing. And we mean EVERY price. Our down payments, regular payments, and the overall price of every truck have been adjusted. The good news doesn’t stop there. We are simultaneously working on culling the fleet of older units and purchasing newer ones. As large carriers order new units, we will see availability rise for 2018 – 2020 models. All of this is to set our customers up to succeed. We only succeed if you do!
FreedomWay Trucks Mission Statement
FreedomWay Trucks knows that bad credit keeps people from being financially independent. We think that’s just wrong because everyone deserves a second chance. That’s why we created a rent-to-own program that provides a simple path to truck ownership for owner operators. This program has helped hundreds of owner operators become truck owners, make smart financial decisions to grow their businesses, and live better lives.
About The No Credit Check Program
Published on: August 25, 2022
We value upfront talk. We don’t want to waste your time if the No Credit Check program isn’t a good fit for your situation.
Here are some of the things you should know about the program.
What we call it: Easy Qualifier Program
Who is eligible: To get into our program, you (or your driver) would need a CDL for 2 yrs, No DUI, and no careless or reckless driving in the last 5 yrs. You must be at least 23 years old and not in active bankruptcy.
What are the terms: Our program is a rental with the option to purchase. We do not check your credit. The agreement is 3-5 yrs rental with the option to buy the truck anytime after 12 months with no penalties for buying early.
What if your truck breaks down: Your truck will leave here with a nationwide protection plan. However, we encourage every customer to set aside funding for maintenance and repairs and buy a warranty from our vendors so that the impact on your business and family is minimal if you experience repairs.
Down payment: Our down payments are shown on our inventory, and they INCLUDE your taxes, closing fees, IRS 2290 fee, and an IRP tag. The terms down payment, deposit, and out-the-door cost all refer to the same number.
If you send in your down payment money through a bank wire and decide not to go through the process, your down payment money is FULLY refundable. We would wire it back to you if you wired it in. If you bring cash, we would cut you a check.
Fees: There is a Processing Fee of $300. It is a non-refundable fee and pays the cost of our team to process your application. The down payment you send for a truck is fully refundable if you decide not to get the truck.
Your payments are based on the truck year/make/model. Call for current rates.
If you have any other questions, please email [email protected] or call us Monday-Friday, 9 am to 5 pm CST.
Leasing a Semi Truck with Bad Credit or No Credit
Published on: August 24, 2022
Contrary to what some may tell you, it is absolutely possible to be an owner-operator and lease a semi-truck if you have no credit or bad credit!
Some words of caution…
Before we proceed and I tell you more about the topic of leasing a bigrig without a stellar credit score, there are some things you should know. My experience is that advice on social media and forums about this topic is often wrong. Or worse, the person giving the advice does not know the details of YOUR situation. That’s unfortunate because everyone’s experience and barriers to entry are different.
First, you should know that there are cheaper payment options IF YOUR CREDIT SCORE IS GOOD ENOUGH. Our rental with an option to purchase program has a higher payment than if you went other routes; we do not hide that fact. You can call our office and ask about any truck in inventory. You’ll be given the weekly payment you’d be expected to make on that truck without hesitation. Traditional financing requires roughly 20% down, and then you’ll make monthly payments. Those monthly payments are dependent on your interest rate. In addition, traditional loans are often very hard to qualify for as an owner-operator. You’ll need to supply documents showing your financial fitness.
The next thing to know is that you’ll need to have a maintenance fund. This is true among all owner-operators, but it is not discussed nearly enough. The maintenance and unexpected truck repairs are just the business’s nature. To be successful, you need to build a nice cushion into funneling a piece of every check you make into savings for this purpose.
The final thing before we go on is that no one knows your financial situation but you. I mean that the people steering you in one direction don’t know how much you bring in, what bills you have to pay for your family, or how much you owe on houses, cars, boats, etc. You need to take your family budget into consideration when picking a program that works for your family.
Easy Qualifier Program
If you’re still considering a lease, I recommend you read this guide from Smart Trucking. They cover leases in-depth and offer plenty of information I would simply be repeating. The catch is that most options require a healthy credit score, and our Easy Qualifier Rental with Purchase Option does not. We truly never pull your credit or look at your credit score. We require the following, though:
- Need to be at least 23 yrs old.
- Have had your CDL for at least 2 years.
- Not be in active bankruptcy.
- Not had careless, reckless, or DUI in the past 5 years.
That’s it! You’re APPROVED if you meet those qualifications. Next, our team will need some paperwork for your file and collect the fees.
Fees we collect include documentation fees and closing fees. These are set prices, and they are the same for everyone who goes into the Easy Qualifier program. You will also need to send the deposit for your truck. Our deposits are listed on our website, and they are not credit-based. These change with market fluctuations, so check our inventory page for the latest.
To get started in our rental with the option to purchase program, click here and apply now!