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Pros and cons of Trac leasing vs Finacing.

Discussion in 'Questions From New Drivers' started by Nowhere to go but up., Feb 28, 2019.

  1. Feb 28, 2019 #1
    Nowhere to go but up.

    Nowhere to go but up. Bobtail Member

    4
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    Feb 28, 2019
    0
    I am a first time buyer and in the process of starting my own company. Which is better for write offs, Trac or Financing. I've been approved for Trac and feel that there is a catch. Not to mention a high interest rate. The y want the same amount down as if it was financed. What benefits can I look forward to it i decide to accept. Still looking around.
     
    Nowhere to go but up., Feb 28, 2019
    Nowhere to go but up., Feb 28, 2019
    #1
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  3. Feb 28, 2019 #2
    Ridgeline

    Ridgeline Road Train Member

    22,207
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    Dec 18, 2011
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    I am going to be really blunt and save your butt.


    IF YOU ARE ASKING THOSE TYPES OF QUESTIONS, THEN YOU DIDN'T HIRE AN ACCOUNTANT TO SET YOUR BUSINESS UP AND YOU WILL FAIL.

    This is finance 101 stuff that you need to get a professional involved before you make grandiose plans to make the big bucks as a trucking company owner.
     
    Ridgeline, Feb 28, 2019
    Ridgeline, Feb 28, 2019
    #2
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