So as title might have own truck real soon just trying to square away financing. My options to run is to bring it on to current company which they have easy dedicated good paying freight. My buddy has his own authority and seems excited to start it out with a factoring company basically cause they only charge 3 percent. Current company would charge 15 percent.
I'm curious I know on here most seem to be against factoring companies and I'm wondering why that is?
I would also maybe consider something like cloud trucking as well but I'm not sure how difficult it is to file a trailer currently .
thxs for any shared info
So I might have truck soon and have options
Discussion in 'Ask An Owner Operator' started by peabody747, Aug 1, 2022.
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singlescrewshaker, Dino soar and Midwest Trucker Thank this. -
Educate me please.
3% saves 30 days on average, true? Isn't that like paying 36% APR? If cash flow is necessary, wouldn't you just be better off borrowing one month of operating expenses at 5 or 6 % from your local bank?
I just don't get it.ProfessionalNoticer, D.Tibbitt, blairandgretchen and 8 others Thank this. -
The freight market is headed into a downturn and unless this truck is dirt cheap I'd not buy a truck now .
ProfessionalNoticer, D.Tibbitt, singlescrewshaker and 7 others Thank this. -
As far as “easy dedicated good paying” freight. Those four words almost never go together. FYI.Short Fuse EOD, onetime42, D.Tibbitt and 9 others Thank this. -
NorthEastTrucker and bzinger Thank this.
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peabody747, Crude Truckin', Midwest Trucker and 2 others Thank this.
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Vampire, fishonron, singlescrewshaker and 1 other person Thank this.
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singlescrewshaker, Bean Jr. and Dirk Diggler Thank this.
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singlescrewshaker and Oxbow Thank this.
Trucking Jobs in 30 seconds
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