New Internal Buying Program

EQUIPMENT

• Sleeper Trucks – 2015 or newer – Any class 8 truck will require a Truck Master warranty provided by the lender (if miles are over 325k).
• Day Cabs – 2013 or newer.
• Trailers – 2013 or newer.
• Vocational – 2011 or newer.
• Warranty Info: $6 – $6,800 depending upon miles. Lasts 36 months or 500k miles. Covers engine, transmission, after-treatment, and comes with roadside assistance.

A CREDIT

• 725+ FICO
• Homeownership required.
• 5+ years in business.
• Revolving available 60%+ (only needed if Revolving Balance exceeds $10,000)
• 50% Comp Debt (commercial OR personal, mortgages included) paid on for at least 2 years.
• 6 Tradelines / 7 Years in Bureau.
• 1-2 Advance payments + Documentation Fee.

B CREDIT

• 650+ FICO
• 2+ years in business.
• Revolving available 50%+ (only needed if Revolving Balance exceeds $10,000)
• Non-Sleepers: 50% comp debt of all comps with 24 months+ of payments and no late pays in that period
  (commercial OR personal, mortgages included) paid on for at least 2 years.
• Sleepers: 70% comp debt (same parameters).
• 8 Tradelines / 7 Years in Bureau.
• Non-Sleepers: 1-2 Advance payments + Documentation Fee.
• Sleepers: 10% Down + 1-2 Advance payments + Documentation Fee.

C CREDIT

• 600+ FICO
• 2+ years in business.
• Revolving available 40%+ (only needed if Revolving Balance exceeds $10,000)
• Non-Sleepers: 50% comp debt of all comps with 24 months+ of payments and no late pays in that period
  (commercial OR personal, mortgages included) paid on for at least 2 years.
• Sleepers: 70% comp debt (same parameters).
• 8 Tradelines / 7 Years in Bureau.
• Non-Sleepers: 7.5% Down + 2 Advance payments + DocumentaTIon Fee.
• Sleepers: 15% Down + 2 Advance payments + DocumentaTIon Fee.

STARTUPS (LESS THAN 2 YEARS IN BUSINESS)

• 650+ FICO
• Under 2 years in business.
• Revolving available 40%+ (only needed if Revolving Balance exceeds $10,000)
  Non-Sleepers: 50% comp debt of all comps with 24 months+ of payments and no late pays in that period
  (commercial OR personal, mortgages included) paid on for at least 2 years.
• Sleepers: 70% comp debt (same parameters).
• 8 Tradelines / 5 Years in Bureau.
• Non-Sleepers: 2 Advance payments + Documentation Fee.
• Sleepers: 10% Down + 1-2 Advance payments + Documentation Fee.
• Note: For start-up sleepers, must be leased on to a Carrier with 50+ Units in fleet.

Note: Comp debt does not have to be a single trade line, we can include a combination of more than one tradeline. Ex: a $50k comp is needed to get a transaction approved. The customer does not have a mortgage or a $50,000 auto loan, but he does have a $40k auto paid on for 26 months and a $10k auto paid on for 24 months, this would still qualify.