For me it’s about once a week. Usually costs around $35-$40.
The thing I don’t understand about paying cash for a truck, is simply the fact that you have say $4,000 a month for fuel bill and $1,700 a month for insurance. Yet people act like it’s so hard to make a $1,200 truck payment. The truck payment is usually the least of my worries. Ya sure if you have $200,000 in the bank go cash it out by all means.
Buying a Truck, would you buy outright or finance?
Discussion in 'Ask An Owner Operator' started by Schmitty105500, Jan 20, 2021.
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I now see why you are always against someone buying a truck. You have zero understanding of the business side of things.lester, Tug Toy, petefan4000 and 6 others Thank this. -
I think it would mostly depend on how much cash you have, the cost and the particulars of the truck, and where else you might have to put your money to keep life comfortable.
OldeSkool Thanks this. -
You really shouldn’t get started whether you finance or pay cash with less than enough to do substantial repairs if or when they arise. Whether you finance or pay cash.
I would love to see the results of a study to find out who goes belly up after a big repair is needed... the guy who paid cash for everything vs the guy who financed everything.
There are many ways to skin a cat. Not having sufficient assets set aside no matter what is not a good idea.Sirscrapntruckalot and 650cat425 Thank this. -
To give an example of def usage (I don’t keep as close an eye on that mileage as I should) I was in the neighborhood of 185mpg with an x15 cummins last year.staceydude Thanks this. -
All of you have varr good advice on all points.i know it can get speny and you need money put aside in the bank for good reason.
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Looking to get in a slightly used trucks I would spend up to 100,000 for a truck and I would find one that was a o/o thin a fleet truck if the makes sense.
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Spartan101 Thanks this.
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