Owner Financing

I thought we had a finance broker sponsor (POG Member) from the Tampa Florida area that said he could finance buses older than 10 years old??

PS, I think the cutoff is 10 years, this is 2009, so would not a 1999 qualify??

As for seller financing, make sure that the seller has clear title to the bus. You could buy the bus, place a 20% down payment thinking that you now have made a purchase of your dream. The seller has a first mortgage does not pay and the bus gets reposed by the first lender.

I would want to make sure the bus is AAA shape, the terms are at or near market rates, the bus has a clear title, make sure that the title you get has a UCC filing on it that will create a way to secure your interest in the asset.

In your rush to own a bus make sure that your interest is secure first.

PS> Sitting on 533 in Checotah OK at the KOA off I-40, heading to the Custer.