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Accounting and trucking?
$302,000 in debt. $25,00 cash on hand and monthly expenses about $4000. per month. Buy a 2009 semi at $57,000 with interest becomes $81,640. with a $10,106 down payment and monthly loan repayment of $1489 over four years.
Equipment purchase is a 2009 Freightliner fully up to specs and certified. 950,000 kms or 593,750 miles already on it. Income after fuel, insurances and tax is about $11,000.
Is this financial suicide or do we stand a chance of making it? Not forgetting that maintenance has it's surprises and regular needs. All educated opinions and experiences are appreciated
1 Answer
- WallyLv 58 years agoFavorite Answer
If you can get the loads, yes, it will work. Will there be team driving? The more you roll the more you make.
