Do you dream of being self-employed? Maybe that dream also includes driving on the open road, truck stops, and roadside diners. Maybe the only thing stopping you from being a truck driver is the $80,000 plus price tag of a brand-new rig.
Trucks are definitely not cheap – even a reliable used tractor can cost more than $40,000. Most people don’t have this kind of cash laying around, and getting a loan for a semi-truck can be much harder than getting a loan for a personal vehicle or house. If you can’t get a loan and you are still determined to own your own truck, there is a solution!
Have you considered leasing? The greatest advantage of leasing a truck is that it requires less money up front, or sometimes no money down. Your payments are fixed and predictable, and there are some tax advantages involved, too.
When working with an independent leasing company, you can generally choose the type of lease that best suits your needs. If you want to pay less in the beginning – when you’re getting settled into your new life on the road – and pay money later on, you can get a step-up lease and increase your payment amounts over time.
