You also have to have a trailer unless you’re leasing one or have something else worked out. Any bank I know of requires 20% down for each one, or collateral that makes up the 20%. Also most insurance requires a good chunk down to get started with commercial insurance and diesel can easily be $1,000+ weekly. You will burn through thousands of dollars before you ever get the wheels turning and began to think of those breakdowns. Not to be discouraging, but it takes a lot of money to get started. A few thousand doesn’t go anywhere.
Creative financing ideas?
Discussion in 'Ask An Owner Operator' started by Plowboy92, Dec 16, 2020.
Page 3 of 3
Page 3 of 3