Finance vs paying cash?

True, BUT, if you are buying your equipment "right" and have a decent down payment, the value of what you are buying should be your collateral.

 

Yes your right. But I'm talking about say for example you just want to take a $20000 note out. A small fee your signature and a promise to pay it back by a certain date, out the door I go with bank check in hand.

 

Yep, same here, actually, maybe not ideal, but I have about 50,000 available on a credit card, and I use it like a credit line, BUT, I only use it for short term purchases, usually paid back in full before 30 days is up, so no interest.

 

Kansas Transit, how many trucks are you running?

 

Just 8 trucks and trailers, we are small time, not "running" my Pete as I have put it up for sale, I really only used it for emergencies and personal use anyway.

 

Exactly. Credit lines don't build up cash rewards. I've been in business for 3.5 years and since starting I've built up almost 4k now in cash back rewards. Nice little bonus for just swiping a card

 

Thanks KT. I was curious. I'm sure it's enough to keep you busy.

 

Three yrs parked thinking about selling?

 

They say everything is for sale for a price. But I've kept it in case I might want to go back to driving. Don't need the money.
It's a non-egr. Might be hard to replace if I got rid of it.
But feel free to offer alot of money.

 

I see what you did there... Haha