Trade in program for old rig?

Im betting the 'mint' part is off a bit. I went up to Orlando last summer to look at a 98' 379 flat top for sale in "great" condition. What a waste of a day drive. I've seen equipment that spent 20 years in the salt mines with less corrosion.

 

Any loan officer that would finance a 20+ year old piece of heavy equipment with 2,000,000 miles on it would probably find himself looking for a new job.

 

This is so mean.

 

$176K including FET
605 HP X-15
Epic factory warranty
This is a new 2020

I could pick this up this afternoon with almost $0 down, 7% interest.

That 98 is probably gone by now anyway.



Cab Type Sleeper
Sleeper Size (Inches) 86
Sleeper Type Aerocab Aerodyne
Engine Cummins
Engine Model X15
Horsepower 605
Torque 2050
Fuel Tank 150.00
Fuel Tank (Secondary) 120.00
Transmission 18 Spd
Engine Brake Yes
Suspension AG 400
Ratio 3.25
Front Axle Pounds 13200
Rear Axle Pounds 40000
Tires 10
Front Wheel Type Aluminum
Rear Wheel Type Aluminum
Wheel Base (Inches) 291
Axle Configuration Tandem
Fairings
Fifth Wheel Sliding
Body
APU No
Refrigerator Yes

 

That's a bargain.

 

What's that new w9 worth when you get it paid off in 5 years, half if you're lucky? You buy a 98 with an overhaul for 40k today and drive it for 5 years and you can sell it for 40k again as long as you don't wreck it. You're paying a lot of money for the rights to say you're driving a new truck, just the way I see it. Think that 2020 does any better for mileage than a 98 with a Cummins?

 

And financing a piece of equipment that's worth half it's original value by the end of the loan term is smarter how again?

 

Has to get 7 to 8 easy.

Now the 98 for $40K ( with overhaul ) ( what's the unbelievable price of that overhaul?) So you're out of pocket $80K, on a truck with 2 million miles?

 

It's going to earn. It's going to hold it's value until the loan is paid off.

Romantic notions of flames coming out of the stacks have 0 to do with business decisions.