Financing FAQs

As a purchaser of transportation equipment you have to know your dealer is working for you to provide the best possible trucks at the best prices.  Randie Thorne started Source 1 Truck in 1999, after working as a used truck manager for several dealerships dating back to 1987. His goal has always been about how to improve the customer experience, build trust and long term relationships with our customer base. This includes financing as well. OMVIC no longer provides consumer protection for class 7&8 trucks so it’s up to you as the consumer to ask the right questions to avoid being victimized by unscrupulous dealers and finance companies.

1. Will your dealer provide a carfax report to show recorded mileages and accident history? If not, be concerned.
2. Will your dealer allow an independent inspection of the truck before purchase? If not, be concerned.
3. Will your dealer refund your deposit if finance or inspection conditions aren’t met? If not, be concerned.
4. Will your dealer provide you with a written finance quote before you sign? If not, be concerned.
5. Will your dealer disclose the interest rate being charged against your loan and provide you with an amortization schedule to show all charges and total interest paid over the term of the loan? If not, be concerned.

If the rate quoted sounds too good to be true then it probably is. Always do a reverse calculator online to make sure the interest rate quoted is the rate you expect. Your payment like any other loan has a reduced interest portion each and every month. A amortization schedule will show this. A “Flate Rate” interest loan can be 3 times the actual rate quoted.

These are important questions to ask. To be successful in business you need partners willing to work with you and on your behalf. Source 1 is here to do exactly that like we have been since 1999.

If you would like to take advantage of our various financing options, please click on the button below to be taken directly to our Finance Application, OR, to ask further financing questions, submit through our form further down the page. If you submit a finance application, we will be in contact with you to clarify some of your information and to get details on which piece of our inventory you are interested in. We would like to thank you in advance for putting your trust in us to finance your next purchase!