Securing an auto-loan may be difficult if you’re just starting your trucking business or looking to add new vehicles to your existing fleet. Fortunately, many dealerships are semi truck buy here pay here locations.
They cater to those with bad or no credit history, giving them a fair shot at expanding their business. For anyone in Tennessee or planning to move there soon, here is a list of the five best buy here pay here truck dealers in the area.
Quicklook: Best Buy Here Pay Here Semi Trucks in Tennessee
- Best For Used Truck Sales: J & S Truck Sales
- Best For Customer Service: MHC Kenworth Nashville
- Best For New Truck Sales: Rush Truck Centers
- Best For Inventory Selection: Music City Truck & Trailer
- Best For Full Service Dealer: Nacarato Truck Centers
5 Best Buy Here Pay Here Semi Trucks in Tennessee Options
Below is a closer look at the top buy here pay here dealers in Tennessee.
J & S Truck Sales
When you want reliable trucks at an affordable price (and who doesn’t?), visit J&S Truck Sales. The truck selection is limited, but this company is a great starting point for industry newcomers. Satisfied customers have purchased multiple used trucks from their lot while building fleets. The site has an easy-to-use finance calculator to estimate your costs, giving you a ballpark figure to work into your budget. The owner is hands-on and available to discuss your experience.
Best For: Used Truck Sales
Special Features:
- Purchases Big Rigs
- High-Quality Parts for Rebuilds
- Online Payments
Benefits:
- Trade-in older vehicles
- Used trucks have a longer life expectancy
Disadvantages:
- Limited selection
- Higher costs on some used vehicles
Murphy-Hoffman Company (MHC) Kenworth Nashville
MHC prides itself on its strong and knowledgeable staff of customer service representatives. They believe loyal customers are the foundation of any long-standing business. Operating since 1975, this company has plenty of experience in truck sales and other related services. They’ve grown to service over 50,000 happy customers providing more than 1,000 short-term lease and long-term rental trucks. They’re committed to providing quality products and services to clients.
Best For: Customer Service
Special Features:
- RoadAssist
- Online Specials & Promotions
- RoadReady Center
- Online Service Appointment Scheduling
Benefits:
- 24/7 nationwide roadside assistance
- Save on brand-name parts and accessories
- Expedited truck delivery
- Visit facilities along the route for repairs
- Competitive pricing & timely delivery
Disadvantages:
- Must work with vendors inside the MHC network
Rush Truck Centers
Rush Truck Centers has offered customers the best solutions and brands for over 50 years. High-quality brands, customer service and technicians are ingredients for a recipe for success. Because you deserve the best, they provide state-of-the-art facilities and consistent employee training. They also have well over 1,000 new vehicles available, giving you more than enough options to comb through.
Best For: New Truck Sales
Special Features:
- Nationwide Repair Centers
- Same-Day Xpress Services
- Service Specials and Special Pricing
Benefits:
- Increased uptime with speedy repairs
- Receive diagnostics and repair estimates the same day
- Complimentary 21-point inspection
- Savings on operating costs
Disadvantages:
- High mileage on some used trucks
Music City Truck & Trailer
This expert team of professionals is ready to help you decide which truck best fits your business needs. For a pre-owned truck dealership, they have a wide selection of trailers and cabs ready to purchase. From Freightliners to Volvos, Music City Truck and Trailer dealerships offer a variety of brand-name transportation options at reasonable prices.
Best For: Inventory Selection
Special Features:
- Test Drive
- Roadside Masters Program
Benefits:
- Ability to schedule an online appointment to assess the truck
- Quick access to repair specialists where breakdown occurred
Disadvantages:
- Expensive repairs months after purchases
Nacarato Truck Centers
With a large inventory of new and pre-owned vehicles, Nacarato Truck Centers has serviced truckers for three generations. As a full-service dealership, your relationship doesn’t end once you drive off the lot. They offer rentals, truck maintenance, repair and replacement services. While the center specializes in Volvo trucks, the experienced staff of technicians can repair any heavy-duty truck. Keep your investment protected with this one-stop shop.
Best For: Full-Service Dealership
Special Features:
- Emissions Test
- Hotel Shuttle Provided
- Volvo Engine Service
- Volvo Certified Uptime Center
Benefits:
- Keeps your vehicle ready for an inspection
- Provides transportation to and from a hotel when the truck breaks down
Disadvantages:
- Long wait times reported at repair shops
What Are Buy Here Pay Here Semi Trucks?
These dealerships allow you to finance a semi truck directly through them. Normally an auto lender would finance the loan on the truck you purchase, but a buy here pay here dealer handles everything on the lot with in-house financing.
How Do Buy Here Pay Here Semi Trucks Work?
Since semi truck buy here pay here dealerships work with customers who have poor or no credit history, they ultimately charge higher interest rates. Some may even reach the maximum allowable rate for your state.
However, their approval standards are much lower and require a larger down payment than traditional dealerships. That allows those with challenged credit history to have a better chance at securing financing.
Plus, you won’t have to wait to hear back from a third-party lender. All of the business will be handled by one company, so once you drive off the lot, the purchase and financing process will be completed.
All that’s left to do is make monthly payments to the dealership, which can usually be done via their website. Just remember that if you fail to make the payments per the contractual agreement, you’ll risk vehicle repossession.
Buy here pay here locations don’t offer customers much leeway when they struggle to make payments. So, find out if the dealership reports to the credit agencies, as many don’t complete hard credit checks. While that means they won’t help your credit score, it also means they can’t hurt it either.
One Stop For All Your Truck Purchase and Finance Needs
They may not have as wide of a selection as traditional dealerships, but buy here pay here locations provide an opportunity to purchase a commercial vehicle for those who can’t afford it otherwise. For instance, buying a semi-truck to start a business can change someone’s life completely, and buy here pay here options make this a reality.
The buy here pay here system opens up a whole new world to trucking companies. Take care of all your needs in one stop and drive off the lot as the proud owner of a new company truck.
FAQ
Peterbilt, Kenworth, Freightliner, Volvo and Mack lead the pack when it comes to reliable semi trucks.
When going through a traditional dealership, you need a minimum score of 600. If working with a buy here pay here dealer, you need three months of bank statements and a copy of your credit report.
Semi trucks start as low as $40,000.
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