How did you get your truck?

Discussion in 'Ask An Owner Operator' started by Calregon, Jan 4, 2014.

  1. Calregon

    Calregon Light Load Member

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    106
    Dec 8, 2013
    Oregon
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    How did you get your truck? Buy straight out? Buy from company? Private lease? Lease op? AND..... Would you do it the same way again?
     
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  3. WitchingHour

    WitchingHour Road Train Member

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    Apr 1, 2011
    Broomfield, CO
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    Witchcraft, I tell you!

    Or the more in-depth version... contractor of ours was hanging it up and retiring to Florida, he made me a deal I couldn't pass up on two trucks and end dump trailers... on 28' framed aluminum with two pusher axles, one steel 48' frameless rock tub. Plus I got his two drivers along with them.
     
  4. bigdad7

    bigdad7 Road Train Member

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    1,364
    Jun 6, 2010
    ks
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    Bought first truck for 8k cash four years ago buying my second from carrier i,m leased too off their fleet by the time i,m ready for 3 and 4 it will be with cash at dealership because money will be falling out of my pockets
     
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  5. bubbanbrenda

    bubbanbrenda Road Train Member

    1,388
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    Feb 27, 2011
    Middletown,Oh.
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    Cash for the first 1, financed the second, constant paranoia about making enough $ (sometimes a reality), cash for the third. I personally prefer cash, 1 easy payment.
     
    281ric and TruckingWolf Thank this.
  6. marmonman

    marmonman Road Train Member

    1,417
    2,842
    Dec 14, 2009
    central illinois
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    I bought my first truck in 1981 (a 1972 Brockway). Paid cash and borrowed 5 grand for operating expenses (at 19 3/4 % ) . I have bought many trucks since some out right some all borrowed money. But I have NEVER leased a truck from anyone and NEVER will. I just cant see wasting my time and money getting screwed over by the fat cats any worse then I already do .
     
    123456 Thanks this.
  7. aktundratugger

    aktundratugger Light Load Member

    126
    32
    Feb 10, 2012
    up on the hill, Ak
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    Cash for the first tractor/trailer
    cash for second trailer
    cash and loan for second tractor/trailer
    cash for end dump, I hate to pay the bank!
     
  8. mickey melon

    mickey melon Medium Load Member

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    Aug 23, 2013
    Chicago,Il
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    I bought my truck in 1991 from Summerfield Peterbilt on Grant street in Gary,In from a Great salesman and friend, Paul House.....


    hey Paul, i haven't talked to you in over 10 years But she is Still going! :biggrin_25519:
     
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  9. RAGIN CAJUN

    RAGIN CAJUN Light Load Member

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    Jun 20, 2013
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    I brought mines CASH!...CASH!...CASH! I worked and saved .and i appreciate every penny i saved,I do not Do LOANS...But its a awesome feeling working for YOURSELF!
     
    TruckingWolf Thanks this.
  10. FordFan

    FordFan Light Load Member

    83
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    Jul 18, 2013
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    I paid cash for my first truck. Got a very good deal from a man retiring. Waiting on Paccar to release title for my second truck (financed). This one has been a struggle. Even though I've been in trucking for 10 years ( about 6 months as an o/o ) I am a first time buyer. Interest rate through the wazoo and other bs.

    if you can pay cash, do it! If you can't, you have to do what you have to.
     
  11. BAYOU

    BAYOU Road Train Member

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    Sep 23, 2010
    Beaumont,Tx
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    When I got into trucking I had. $20,000 to my name gave $12,500 for my first truck and $4,500 for a 45ft flatbed POS but it got me where I am today, And I sold the truck three years later for $18,k and that trailer I got $6,500.

    I just got a new truck same thing paid cash been dealing with the back two weeks they finally said when you file your 2013 taxes bring that in and will see what we can do (they already had 2011 and 2012 in there hand) lenders just don't care about people anymore 748 credit with B paper but I work for myself so I'm a bad guy.....

    like I told the bank I have had my own authority now six years I made thru the recession if that didn't get me what's going to stop me now!
     
    milskired and BORNtoROAM Thank this.
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