How do I know if I can afford a $67k truck?

Just my two cents here.... i would buy an older pre emmission truck, 2002 and older. You can find a decent truck with a rebuilt motor and trans. The newer trucks will put you out of business..... as for what damutt said he is right. Buy your self a starter truck, and work yourself into a better truck. Notice i said better not newer

 

Hmmmm, me thinks that you're not ready for this if that's your reasoning. Fast truck= bigger fuel costs. Faster you go, more you're putting out of pocket. And sure, you can "set your own schedule", but you've got a truck payment to make. That means running like a dog. Especially to pay for that new truck. And his truck is making $12,000 a month. He's not. You've got a lot to learn before you start even thinking about being an O/O

 

It's a bit more than that.

1. Do you have any cash in the bank? At least a few thousand? Because you might want to have a maintenance account, stuff happens. Tires, hoses, etc.

2. Do you have another couple of thousand for a down payment?

3. Is your credit ok? A credit card comes in handy, especially with a decent spending limit.

4. Do you have any mechanical knowledge? Can you at least fix basic things and be able to troubleshoot others?

5. Are you married? Because if you're not, you're about to be. Got kids? If not, you're about to have one.

 

And he's likely spending $11K of that in fuel, payments, insurance, fees....

 

That 2012 KW is going to be the new Mrs OO.

 

financing or not is only part of a plan