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want to buy a truck {semi}?
looking to buy a truck, should i lease or buy. (first time o/p) also, looking for financing with some bad credit. any ideas?.
4 Answers
- 1 decade agoFavorite Answer
Do what you want, but my accountant told me that if I ever bought my own truck, then he didn't want me to come back to him again! He said he's seen too many people loose everything they owned because of it. Forget it. Get a good union job, and let the boss pay the bills. Tires, fuel, maintenance, repairs, overhauls, who wants to pay for that? Take the paycheck on Friday, and be happy that you don't have to worry about finding work for the truck....
- Anonymous7 years ago
Actually it is depending on the amount of your bad credit.
As it is used and many people like to take interest .This may be 15%-25%.
But the average of interest is 20% that I have researched .
No matter do not hope to down the amount and you will be able to finance bad credit and for a semi truck.
Know more from the link below:
Source(s): http://www.semileasepurchase.com/ - JetDocLv 71 decade ago
If your credit rating is less than stellar, then leasing a truck from an established trucking company (Swift, CR England, CRST, Schneider, etc.) may be the easiest way to go... You not only get a truck you can call your own, but also a source of income to help pay for it. Whatever you do, make sure you read and understand ALL the terms of the contract before you sign anything.
Just remember that once you sign that lease, you are responsible for making the weekly payments, plus buying the fuel and the insurance and the licenses and the tires and the maintenance... You have to earn money to pay the bills, and the only way to earn money is to keep your wheels turning. You don't make any money when the truck is parked, but the bills keep on coming in.
- 1 decade ago
A lease might be a better way to go that way you get a taste of the owner opperator life first be for having a big payment that you cant get out of alot of big trucking company's have leaseing programs that will work with you