Trucking financing

Discussion in 'Experienced Truckers' Advice' started by honesttruth, Mar 22, 2021.

  1. honesttruth

    honesttruth Bobtail Member

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    Thank you for that.
     
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  3. Dockbumper

    Dockbumper Road Train Member

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    What kind of quotes have you gotten for insurance for the first year? Usually pretty spendy for a new driver.
     
  4. Dockbumper

    Dockbumper Road Train Member

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    Be careful.........you may be "aiming" in the wrong direction.
     
  5. honesttruth

    honesttruth Bobtail Member

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    What do you mean by that
     
    slow.rider Thanks this.
  6. honesttruth

    honesttruth Bobtail Member

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    Mar 22, 2021
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    $3,000 a month
     
  7. Adamali21

    Adamali21 Light Load Member

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    3000 a month is that cargo and physical damage your talking about
     
  8. honesttruth

    honesttruth Bobtail Member

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    Just the truck
     
  9. Eddiec

    Eddiec Road Train Member

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    If you are running under someone else's authority, your insurance should be $500 to 1000 for bobtail and 2 to 3 percent of the value of the truck for physical and collision insurance. As far as financing - 25% down payment on a $50K truck is going to be roughly $12K. Finance it for 36 months and pay it off in 18. Add $10k to to your M&R fund - $3k to make the payments if the truck is in the shop for an extended period of time. Good luck
     
    honesttruth Thanks this.
  10. Adamali21

    Adamali21 Light Load Member

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    #### I pay bobtail Insurence only 250 a month
    So are you saying 3000 a month for bobtail or is that includes everything else.
     
  11. Mattflat362

    Mattflat362 Road Train Member

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    IMHO.

    Spend 20k on a NICE truck from a Carrier/O/O with a minty CSA score and all minty inspections.

    I assume you have local mechanics lined up?
     
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