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Old 02-10-2017, 08:42 AM   #1
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Paying for bus

I was wondering how everyone paid for there bus and conversion. Im 21 yo and i have been dreaming of making a skoolie for a long time. I dont have that established credit because i buy everything with cash. I am wondering how hard is it to get a loan. Or other ways to get the skoolie project rolling and what is your story. I love reading eveyones post on this site and learning new things.
Thanks and have a great day beautiful people ✌
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Old 02-10-2017, 08:49 AM   #2
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Join Date: Sep 2014
Location: Eustis FLORIDA
Posts: 10,416
Year: 1992
Coachwork: Ward/AmTran
Chassis: International
Engine: dt466
Rated Cap: 78
I paid $1700 for my most recent bus purchase. Can you save up that much?
If not, consider holding off till you're in a better place financially.
A set of tires for a bus will set you back around $1600 if you go cheap, for example.
Buses are kinda like boats... Bust Out Another Thousand.
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Old 02-10-2017, 09:49 AM   #3
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Join Date: Jan 2015
Location: Kansas
Posts: 495
Year: 2000
Chassis: International 3800
Engine: T444E
Rated Cap: Your mom +1
We paid cash...
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Old 02-10-2017, 10:32 AM   #4
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Join Date: Oct 2016
Location: Beech Grove, IN
Posts: 55
Year: 2001
Coachwork: Amtran
Chassis: International
Engine: T444e
Rated Cap: 35
Cash is going to be your best bet. I haven't looked, but I would assume getting a loan on a bus would be a risk most loan officers would pass on. Make sure to figure in a little buffer money to take care of little issues that may pop up getting it home.
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Old 02-10-2017, 11:38 AM   #5
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Join Date: Apr 2014
Location: EHT New Jersey
Posts: 1,134
Year: 2003
Coachwork: AmTran
Chassis: International 3000RE
Engine: T444E/AT545
Rated Cap: 75
I paid cash, $2500 for mine.
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Old 02-10-2017, 12:09 PM   #6
Mini-Skoolie
 
Join Date: Dec 2016
Location: Calgary, Alberta
Posts: 49
Mine was $4750 though I think I over paid somewhat. I've had to replace a tire, front brakes and a few other things. Up to about $2000 in repairs and I haven't pulled out the seats yet.
Sometimes it's just the luck of the draw I guess.


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Old 02-10-2017, 12:28 PM   #7
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Join Date: Feb 2012
Location: Salt Lake City Utah
Posts: 1,217
Year: 2000
Chassis: Blue Bird
Engine: ISC 8.3
If you have to have a loan, it'll probably have to be a personal or signature loan. They're not collateralized, so like a credit card, the interest rate isn't the greatest. Most lenders won't take a lien on a bus as collateral because it'll be too much work for them to recover and liquidate if the loan were to default.

Unless you're looking at $30k+ for a bus that's only about 10 years old. With that kind of setup people might be more willing to consider the loan, but then it comes back to the borrower's credit background.
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Old 02-10-2017, 12:39 PM   #8
Mini-Skoolie
 
Join Date: Aug 2016
Location: Brooklyn, NY
Posts: 17
Your best bet is to save. You can't live free if you're still tied down to the debt you acquired from your bus build.
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Old 02-10-2017, 04:34 PM   #9
Bus Nut
 
Join Date: Dec 2015
Location: Utah
Posts: 266
Year: 1990
Coachwork: BB
Chassis: TC2000
Engine: Cummins
Rated Cap: 25.999K
Cash. It's the only system I know.
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Old 02-10-2017, 08:18 PM   #10
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I paid $1560 at auction with fees. Live cash only. Blue bird tc1000 5.9 cummins, 158k miles. Don't make the money changers rich.
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