Any thoughts on the NEW vs USED debate? Financing vs Leasing? Renting?
I don't have 30K for downpayment on brand new Cascadia but also don't want to go too cheap and get one that breaks down immediately.
What is a smart route to go?
Best method of getting a truck starting out?
Discussion in 'Ask An Owner Operator' started by silenced140, Jun 21, 2019.
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you already have trouble getting up the dowmpayment on a new...what does that realistically tell you.???
good luck.Rideandrepair Thanks this. -
My first truck I just took over the payments of an owner operator that was about to go broke. Daimler Truck Financial (Freightliner’s finance company) only charges $500 to change over the contract if you are approved.
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How much cash do you have? And how much do you have access to? I hate to even ask, I’m not one to criticize others, especially since I started out in the red, myself. But there’s more ways than 1 to skin a Cat. Depends on the amount of risk your willing to take. And how determined you are. It may or may not be the right time. A lot more depends on your willingness to work hard to succeed. Anything’s possible, even O dn. Financing. A little safety net, increases your chances. Especially when just starting out.Most say save $150 k and another $40 k, and also pay off your house and ? If that were true no one would Own a Truck. Main thing is figure out what risk your willing to take. Then figure what resources you have. If money’s tight. Hang on to all you can. You’ll need it in order to avoid failure.
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I have very solid credit and don't think I would have much trouble getting financed on a 60K used truck. However I'm just trying to figure out a reasonable middle ground. Ideally looking for something with a warranty on major parts for at least a year or so.Rideandrepair Thanks this. -
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Trucker Kev Paid Tourist Road Train Member
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