We are arguing about financial gain so yes there is better and worse.
So having more capitol i will have less options avail to me in business........what?You said it earlier my average rate of savings as a company driver is 30k per year over the past 3yrs. When i own a truck out right that 30k/yr will become much much more where do you think the money is going to go? A stamp collection? Its going into real estate and other investments.
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Discussion in 'Lease Purchase Trucking Forum' started by rckbottom, Aug 29, 2014.
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There's like 5 separate arguments going on in this 1 thread, lol. Friggin awesome.
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RERM and Rooster1291979 Thank this.
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Schneider has some nice trucks for sale from their tanker division for $19K. Buy one for cash, then lease on to Schneider.
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I want to start an animal rescue center for all the truck stop strays across the country...
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well I started this thread as a poke at a lease, ie not a good thing, funny such a funny worded totally unbelievable thread would cause so many to get there panties in a bunch. lol.. lighten up drivers!!
RERM Thanks this. -
I absolutely LOVE the threads where wannabes tell owner ops how they're doing it wrong. It's also very easy to tell those with little business education.
Mr I'm going to buy a new truck cash says that once he finally saves up enough money, he'll be able to save a lot more than the 30k a year he's saving now. He doesn't put a number on it, so we'll say $20k additional.
Now mr cash trucker needed the first year's 30k no matter what, so we won't count that.
In four additional years he'll have enough to buy a new truck, $150k. If he'd bought after the first year, and financed 130k at 7% for 4 years, he'd have a paid off truck AND $66k in the bank. That is his lost opportunity cost. Business finance is different from personal finance in that typically when you finance a personal purchase, your income stays the same, so the finance charges are lost money. In business, a purchase that gives you more revenue can easily offset the finance charges and give you a profit. In this case, the driver is losing $66k over four years. If the driver was already an owner op, then saving up would typically not have a lost opportunity cost, unless a new truck led to more profit.skyviper73 Thanks this. -
Last edited: Sep 4, 2014
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