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Please help to know more about the truck loans in Texas ( http://www.truckloancenter.com/ ). My friend wants to buy a food truck. he just started the business of canned foods in July only. He was using his personal car for the business. He had to do a lot of paper works and formalities for getting permission to use his personal car for the business.
Fortunately, the business is getting bloomed day-by-day. So, now he is planning to buy a truck. Or is it better to lease one in this initial stage? I suggested him to lease a truck and then buy one later so that it would reduce the debt from the loan.
Does anyone know the companies providing truck loans? What are the formalities for getting loans and for leasing a truck? Please share your suggestions and experience. Thanks in advance!
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