How much to pay for a truck payment

Discussion in 'Ask An Owner Operator' started by 13'trucker, Mar 29, 2020.

  1. snowwy

    snowwy Road Train Member

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    This isn't really a good time for anyone to be spending money on anything but their family and living needs.

    No one has a clue how the pandemic is going to play out. And it's just started with no peak in sight or medicine to help out.
     
    Chubby Fly Thanks this.
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  3. m16ty

    m16ty Road Train Member

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    I think the OP is wanting to buy a truck, and then lease on to a company to drive for, not lease the truck.

    I agree though, a good payment is zero.
     
    13'trucker Thanks this.
  4. 13'trucker

    13'trucker Bobtail Member

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    Yes, maybe it’s called factoring in. I’m going to drive for a company and own my own equipment.
     
  5. OldeSkool

    OldeSkool Road Train Member

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    My wife does the bookwork for our business, and she's told me the least of her worries when it comes to paying bills is the truck payment. When I bought my first truck that was my biggest worry though, and is for most new owner operators.

    Here's a few things to think about.

    A new truck will make probably a mile and a half to a gallon better than a old pre emission truck, which is nearly a truck payment right there. A new truck will have a lot of depreciation so you will not have to pay much at all if any taxes at the end of the year, which can also be almost a truck payment. A new truck hopefully and most likely won't give you the little problems and downtime of an older truck that can also quickly amount to a truck payment. If a new truck breaks down at least it has warranty to pay for it.

    Just some of the things i've learned in my few years of owning a truck.
     
    Eggroll'n Trucker and 13'trucker Thank this.
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