Driving a truck for work seems to be the most straightforward way of making a living–a trucker’s day to day activities typically involve getting from point A to B on time. Barring an unforeseeable disaster on the road, it’s pretty much smooth sailing from the moment you’ve finally gotten hold of a truck to drive. The bulk of worrisome decisions and bureaucratic negotiations, on the other hand, lie in choosing a truck that is in the best condition, largely free of defects and can withstand years of trucking with the aid of regular maintenance. An even more headache inducing process crops up after you’ve chosen such a truck, after which it’ll be down to financial agreements to make sure that you won’t get misled and get broke in the process.
The problems associated with buying a brand new truck for business use immediately becomes your responsibility if you’re a freelancer and not engaged with contracts or employed with a reliable company. On the other hand, the decision making dilemmas are effectively halved and tackled more seamlessly if you retain a company driver status. While the latter might look more preferable to those itching to get busy with a newly purchased truck–it’s just as easy to obtain truck finance for the former if you have a consistently immaculate credit rating. If this is indeed the case, you could easily lease trucks with an option to buy directly from carriers or otherwise get the keys to the truck with help from independent equipment leasing companies. Possessing a used truck is even a more convenient errand once you’ve been certified with a trustworthy credit rating as well.
Needless to say, you’ll still have to prepare a finite, reasonable amount of money in preparation for impending down payment feeds–since this is probably the only non-negotiable element of truck finance deals. You financing options might even be customized in response to the truck model that you have set your eyes upon–this include bust is not limited to class 8 truck financing, dump truck financing, specialty truck financing and more.
Moreover, the full extent of the internet can readily provide you with knowledge and guidelines that rival even that of a professional truck finance broker, although you can still hire one if you’re really interested–and retaining employment for a company that would cover most of your fees in the meantime would even provide you with a truck lease consultant for free. Finally, always begin your negotiations with the lowest bottom line pricing available and you’ve also got to make certain the final deal is tax deductible and will help to reduce your Alternative Minimum Tax by the time the agreement gets ironed out.
