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looking for some advice on purchase

Discussion in 'Trucker Taxes and Truck Financing' started by Jamin J., Feb 25, 2009.

  1. Feb 25, 2009 #1
    Jamin J.

    Jamin J. Bobtail Member

    4
    0
    Feb 24, 2009
    U.S.A.
    0
    I have to come up with 50 some odd thousand for my truck within the next year and a half.
    I have been drivin for under one year and this option seems to be the best way for me to go.
    considering most places want like 3 or more years driving experience before a lease to own ,good credit,etc..
    I figure Im in this one now as a lease,its on the fleet and if I can come up with the money for payment then its mine at the end.
    I know the warranty will be pretty much over by the time I own but what can I do?
    what will i be looking at for taxes on this at a rate of 50,000?
    I will also be needing some advice on insurance ,and plates ,permits since I will be going with the best choice of drivers out there
    I am just trying to get my gameplan in line so,

    all responses are welcome n thnx,..J
     
    Jamin J., Feb 25, 2009
    Jamin J., Feb 25, 2009
    #1
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  3. Apr 7, 2009 #2
    southernpride

    southernpride Gone But Never Forgotten

    714
    2,022
    Apr 5, 2009
    orlando,fl
    0
    my friend with 50.000 you should have no troubel buying a truck and a trailer and paying cash for both .unless of course you think you have to have a new one and with the price of new trucks today that would be insane.
    for exampel a good used 379 peterbilt, cat engine 500 horse ,18spd transmission, 270 wheel base,500.000 miles 10 to 15000 for a trailer 53 by 102 15000 and you hve quite a bit left to buy tags and insurance and permts. verses 125000 for a new tractor and the used truck looks as good and makes as much money and you dont have to pay to lease a trailer . now im speaking of a drop deck trailer and that will be a little different if you want a van or a reefer.
    give that some thought before you take on a debt that you dont need in this day and time .
    southernpride
     
    southernpride, Apr 7, 2009
    southernpride, Apr 7, 2009
    #2
    Baack Thanks this.
  4. Apr 7, 2009 #3
    lowbudget

    lowbudget Medium Load Member

    428
    110
    Apr 12, 2008
    Bismarck, ND
    0
    with the prices of used trucks through the floor 50k can buy alot of truck. Just be carefull what you buy, there is a reason why they call a lease a fleece.
     
    lowbudget, Apr 7, 2009
    lowbudget, Apr 7, 2009
    #3
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