Buying a Truck, would you buy outright or finance?

Discussion in 'Ask An Owner Operator' started by Schmitty105500, Jan 20, 2021.

  1. Schmitty105500

    Schmitty105500 Bobtail Member

    19
    3
    Nov 3, 2020
    0
    If I where to buy truck and had the$$$$$ would you buy it out wright ok would you finance it what would be better???
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. OldeSkool

    OldeSkool Heavy Load Member

    904
    1,807
    Jul 17, 2018
    Arkansas
    0
  4. Schmitty105500

    Schmitty105500 Bobtail Member

    19
    3
    Nov 3, 2020
    0
    Ok thank you for the advice.and how often do you need to put DEF in a truck
     
  5. staceydude

    staceydude Medium Load Member

    320
    838
    Apr 3, 2020
    0
    Pay for it outright and have a big chunk of change in the bank for repairs.

    If you need to ask how often you need to put DEF in you may be ahead of yourself a bit. That or you are trolling.
     
  6. Schmitty105500

    Schmitty105500 Bobtail Member

    19
    3
    Nov 3, 2020
    0
    No I am not trolling it ben a long time sens if ben in a truck so the def is all new to me
     
    Coffey and staceydude Thank this.
  7. Judge

    Judge Road Train Member

    3,469
    17,738
    Mar 19, 2014
    Newport, Ar
    0
    Depends on def tank size, I keep my def tank full, every other fill up, i figure it keeps moisture out vs hot/cold condensation.
    But that’s my thoughts.
     
  8. Oscar the KW

    Oscar the KW No Filter

    11,385
    23,422
    May 19, 2011
    0
    Def usage correlates with fuel usage. You can expect anything from 150mpg to 250mpg.
     
    D.Tibbitt Thanks this.
  9. Oscar the KW

    Oscar the KW No Filter

    11,385
    23,422
    May 19, 2011
    0
    And I’m in the pay cash crowd, with a good amount set aside for what might happen.
     
  10. Spyro2112

    Spyro2112 Medium Load Member

    395
    231
    Mar 17, 2018
    0
    Buy a truck with a factory remaining warranty
     
    Midwest Trucker Thanks this.
  11. Happily Retired

    Happily Retired Road Train Member

    8,434
    16,051
    Apr 16, 2014
    high plains colorado
    0
    You're going to get 10 different answers here. Paying cash is okay, except you have no writeoff and will pay more in taxes. If you go with an old cheapie cash, you'll pay in repairs. You can't win. I'd finance rather than have all your eggs in the truck. That could be disastrous.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted