Picking my own freight baby! My journey to & of being on Schneider choice, the Adventure & Numbers!

A brand new kw runs for apx $165k before finances charges..

 

Indeed. No one ever figures in the finance charges.
What's $160k at 15.8% (Damlier Finance) for 60 months?

 

15.8%? I've never seen an interest rate that high. Most I've seen are in the 10%-12% range

 

If you qualify with a near perfect credit score.

 

My credit score is excellent.

 

I'm not good at percentages so this is probably wrong.

160k x 15.8% = 25,280
25,280 x 5 yrs = 126,400
126,400 + 160,000 = 286,400

 

That is very wrong. You pay interest on the principle of the loan which goes down with each payment.

And 15% is ridiculous. That's used truck interest for loan applicants deemed high risk.

Last new truck i bought was at 6%.

 

That's what I was thinking. I've never purchased a truck, so I know it would probably be more than 6% for me. That said, I can't see any circumstances under which I'd sign on for a 15% interest rate. That's like buying a truck on a credit card.

 

$211,582 @ 8% over 6 years with 6% sales tax.

There's a thing called Google. You can ask it any question, and it will give you the answer.
You guys should look into it.

And the 15.8 was indeed a used truck quote from Damlier.
I went local and got 5.8.

BUT, you'd better have experience, a very good credit rating, and a history of paying off commercial vehicles.
Otherwise, you'll pay much, much more

Which brings us back to the original point. By my figures, $190k looks real good.

 

According to Google, my math was only 32k off.