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<p>[QUOTE=&quot;CAPTransport, post: 11398424, member: 317828&quot;]Most lease-on carriers require at least one year of experience. Most commercial financing companies require two or a hefty down-payment. </p><p><br /></p><p>I would try to get started with the least amount of capital put down as possible so you&#039;re not dumping your entire savings into a start-up venture. Starting out in insolvency right off the bat is never a good idea for any business so I would find a lease deal with a minimum down-payment rather than trying to finance a truck and end up in an upside down loan right off the bat. </p><p><br /></p><p>At SFI I know one guy leasing there and their 2019 or 2020 (can&#039;t remember which he has) Cascadia Premiums are 221&quot; wheel base, 2.28 ratio, 400hp. $800 a week for 140 weeks. They have a $42K buyout. So you&#039;re paying roughly $154,000 for a $115K truck at the time you started the lease, which is equivalent to a ~20% interest 3 year loan on the truck. But the down-payments are as little as nothing to $5,500 (which I believe is to cover the break of lease contract fee for high risk leasees). As long as you have a carrier letter agreeing to sign you they will lease you a truck. Your CDL experience and credit score will determine the down-payment. </p><p><br /></p><p>I don&#039;t know anything about TEL lease. </p><p><br /></p><p>At Lone-Mountain, they require an actual credit check and go by that I think unlike SFI where if you have a carrier promise to hire letter they&#039;ll give you a truck. Their 2022 Cascadias run about $160K brand new on Truck Paper I&#039;ve seen. They want $20,500 down and $2,695 a month for 60 months. That&#039;s the equivalent of about a 5% loan with financing. </p><p><br /></p><p>Obviously a much better deal than SFI in the long run but if you have the money to put down on a Lone Mountain Truck, I&#039;d personally put that down on a used 2015-2017 Cascadia instead and have your payments and term cut in half. But only if that $20,500 isn&#039;t all you have. </p><p><br /></p><p>I&#039;d personally recommend a no money down walk away lease-purchase with a carrier. Get your feet wet in trip planning, fuel routing, IFTA tracking, dealing with maintenance and breakdowns on your own, etc. Get a year&#039;s worth of financial reports and tax filings and then you have a better idea on how to operate a business and have a history of income for your business to get you started in purchasing your own truck. It&#039;s what I did. It&#039;ll also really help humble yourself hauling $1.50-1.70 freight after your fuel surcharge and then once you get on your own and start hauling $2+ freight you&#039;ll realize how little of an increase it really is and won&#039;t go out and blow it and sink your business.[/QUOTE]</p><p><br /></p>

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