One thing to consider in this Lease vs buying discussion. As someone who just bought from a dealer in the last three months, there are still so many trucks being repossessed or turned in to lenders, that lenders have actually been tightening up who they are willing to offer credit to on a commercial loan.
Too many people bought equipment with PPP or SBA loans during the pandemic that had no business getting these loans.
A first time truck buyer with decent credit will need a minimum of $15K to $20K down, and depending on their credit the interest on that loan could be as high as 18%.
FCC--Fremont Contract Carriers
Discussion in 'Discuss Your Favorite Trucking Company Here' started by runningman0661, Jun 16, 2017.
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Goody3635, rokue and Knucklehead Thank this.
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Just telling you what I was told.
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I believe he was exaggerating a bit. I have bought enough new equipment to know that credit score matters. I’m not discounting that it does help to have history of being profitable. It all plays into being able financing that makes sense. 18% interest does not makes sense.IH9300SBA and Knucklehead Thank this.
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At the moment I don’t. I do however have the LLC name my uncle had when he owned a truck and trailer, plus his knowledge of it and what I’ve learned the last 25yrs of driving. I paid attention to what the rates were on different things, especially since a few of my dispatchers sent me rate cons to give me an idea.
So yes armed with that I would still go with the plan I outlined above. Would it succeed? I don’t know. Would it fail? I don’t know. None of us know for sure how things will turn out in the future.
Will I ever pull the trigger and go buy a truck? Maybe when my wife retires in a few years. She wants to see the country, and I want to show it to her. Maybe I could do that and make some money at the same time.Goody3635 and Knucklehead Thank this. -
well i’ll be legal once i burn a bit of fuel off but just barely. This is with the tandems all the way back
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No one is going to bother writing a citation for 100 lb overweight. I would consider moving your fifth wheel forwardMidWest_MacDaddy, IH9300SBA and Knucklehead Thank this.
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The apu gives you 400lbs on any axle. I think someone back me up or tell me i am wrong so I know.FullMetalJacket, MidWest_MacDaddy and Kolorado Thank this.
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True. Some states 400, some are 500, some even 550, and some are zero.Last edited: Apr 1, 2025
IH9300SBA Thanks this. -
Delivered my Lozier load in Lebanon TN this morning. My appt was set for 9a, I arrived at 7:45a. Place opened at 8a, there was a FCC in front of me with a 7am appt.
We both go inside and check in, he checks in first as he was there first. After he walks out to hit a door, the receivers are speaking amongst themselves about how his load was yesterdays load (he said he picked it up from someone to deliver).
I get a door, hit a door, they slam the dock plate and had me unloaded before 9a. I pull over to speak to the other guy to check and see if they just started on him and to let him know what I overheard from them. As we talk, a 3rd truck comes in.
Lozier to Lebanon isn’t your typical load considering I said dock plate.
Lastly, HOMETIME! Got home at 1p. I go back out Monday. Stay safe everyone!motocross25, runningman0661, Knucklehead and 3 others Thank this.
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