How to Buy a Truck Without a Bank

How do you buy a truck without a bank or a bunch of cash? Let me show you. Because real operators don't buy equipment with a bunch of debt, they buy it by taking over existing debt. This is called subject to the seller's loan. Here's what it looks like with real numbers. The truck is worth $80,000. The seller still owes $45K at 5% with a payment of about $1,350 a month. Instead of paying $80K cash or taking out a 90/10 loan, you take over $1,350 monthly payment and pay the seller extra on top, say $500 a month. For 20 months. Now your total payment is $1,850 a month, but you control an $80,000 truck without ever applying for a bank loan. That's how investors think. They buy payments, not prices. The poor mindset is, I can't buy it, the bank said no. The operator mindset is, whose existing debt can I structure a deal around? You need real contracts, proper insurance, and actually to make the payments. That's what you need. But this is how equipment really gets bought.