Quote:
Originally Posted by GA1803
I have an opportunity to drive for a new company. I must however purchase a truck so that I can become an owner operator. Since this is my first truck I am totally unaware of the process. Can someone please tell me the best way to go about financing a truck. My credit is good but not great. All advice is appreciated!
To cut to the bottom line, operating a truck is going to cost you .75 to .90 a mile including fuel, insurance, taxes, repairs, depreciation, etc. That is before paying yourself ANY MONEY.
If you can make the money you want knowing the truck will cost you that much per mile, try OOIDA. They arent the cheapest financing in the world, but they are completely honest and ethical. Many people in the truck financing business are something less than honest and ethical.
http://www.ooida.com/
Who are you going to lease on with?