Need advice on purchasing first truck

Hi For, try and stay away from finance co.'s or the dealer( who probably use finance co.'s) If you can, go through your bank. That's what I did, and although they wouldn't go for as many payments as a finance co. would, you'll get a much better rate, and if you run into trouble, your bank will give you more of a chance than a finance co. Good luck.

 

Whats your credit like? I would look into Digital Federal Credit union, very convenient to use, and very good interest rates, and only 10 bucks to join, and about 6 dollars to open up a checking and savings.

 

Either that or a Credit Union. Better have $20K down payment. Right off you have $10K worth of fuel the first month so you need a dedicated fuel card and another for everything else. Hire a bookkeeper.

 

^^^ what kind of f advice is this? (No disrespect, many others think like that)
Basically you have to have capital to be able to have your own business and funny part is even if you got $100k in your bank account you can still fail.
You cant hire anybody when you havent even hired yourself, do a budget, break it down to the last penny in expenses and get the truck you believe will be best for you.

You can browse this site and get a million different answers, read them all and take them into consideration, then form your own operation since finally you're solemnly responsible for your success.
I got my truck though a 1st thing O/O financing at a good rate and low payments, had 8 grand save up which went out the window when my truck started having emission problems.
1 full year is how long I've had it and invested so much in it to the point I almost went bankrupt back in dec. (There's a thread somewhere here about it)
Be smart and save up. Pay yourself and give your truck a salary.
Good luck

 

Road dog trucking on sirius, lots of good money management info. Kevin Rutherford etc. Most of my money is made by managing money and fuel mileage, not a long nose Pete 379 and chrome. Pay cash for a cheap truck, watch your money and work your butt off. You get what you give. I failed 5x, but never gave up

 

I feel like no matter which way you go, there's always something that could have been different. I could get a $25k truck, or I could finance a $70k truck. The problem is, I'm a first time buyer, so that's where the lone mountains, credit unions, and my bank come into play. It's tough to figure out.