Should You Buy a Truck in 2021?

No.

 

If things are looking on the up and up for sure, if there not so good then no try and stay out of debt if you can help it, unless your quite well off financially and can afford to pay cash.

 

No you should not buy a truck, you means not particularly you it means anyone.

Right now the prices of trucks are sky-high and the rates are beginning to have fluctuations

So if whomever buys a truck for an outrageous price and the bottom falls out your screwed. You would be in an industry that you have to work hard for little pay and you will have paid twice as much for truck and trailer than what it is worth as it depreciates and it is worth less and less.

If you wait until the bottom falls out you'll pay less for truck but you're not going to make money so your screwed.

So no matter what you do basically you are screwed.

 

Yes I did the same thing on my 12 month tour in the USA while driving did briefly consider renting an apartment then thought why? I'll be in the truck all week with a 36 hour layover why pay $250 per week rent plus utilities when I can just live in the truck? My only real expense basically was food.

 

Also while your away from home you can claim any hotel expenses on your tax return if you chose to spend a night in a hotel with no real limit to what type of hotel you stay in, on one occasion I stayed at a posh hotel ( $300) right on the Hudson river in New Jersey

 

I’d go looking for a good paying job as a company driver if I were you. They are paying pretty good right now and it will get you out of the motel. Big shots are saying first 2 quarters of 2022 look to have increased demand but wont even guess as to how much of an increase. After that is anyone’s guess.