FIRST TIME OWNER OPERATOR 

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Choosing the right commercial vehicle is a crucial factor when it comes to financing options. Unlike regular vehicles, most semi-trucks are usually too expensive to purchase outright. Hence, the most common option is to obtain a commercial vehicle loan.  However, it's important to note that the age and specifications of the semi-truck will affect the loan terms. As a first-time owner operator buyer, it's recommended to review this guide on financing your commercial vehicle.

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For first-time buyers, Valley Big Rig Loans offers financing options for used trucks 2005 and newer, so you don't necessarily have to purchase a brand-new vehicle. However, older trucks usually require more maintenance and repairs, leading to additional costs in the long run. Selecting a used truck under 10 years old in good condition with fewer miles will reduce your initial down payment and monthly payment. Valley Big Rig Loans can assist you in working with a semi-truck dealership or private party seller, making it easier for you to become an owner-operator. The average loan amount is between $25,000 and $40,000, with a down payment ranging from 20-30%.

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CREDIT SCORE INFO FOR FIRST TIME OWNER OPERATORS

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If you are a first-time owner operator buyer, you may be concerned about how your credit score will affect your ability to qualify for a loan. While having a good credit score can certainly help, Valley Big Rig Loans has many options that require no credit score check.

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In addition to your credit history your overall financial situation is considered. For example, positive payment history for your regular car, home or any on-time payment is considered. Valley Big Rig Loans understands that not everyone has a perfect credit score, and we believe that a person's credit history should not be the only determining factor in whether they are approved for a loan.

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At Valley Big Rig Loans, we offer a variety of loan options,  including first-time owner-operators, drivers with limited experience, owner operators with bad credit or other financial difficulties. So if you are worried about finding a first-time owner operator loan, look no further than Valley Big Rig Loans. 

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