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Should I buy a truck or lease?

Discussion in 'Owner Operators' started by truemmo, Feb 16, 2017.

  1. truemmo

    truemmo New Member

    Joined:
    Feb 8, 2017
    Hey! I am starting a new moving business with my brother. We want to get a truck or two for business to run smoothly. I am a CDL licensed driver and was working for a company until a while back. I quit that job when we decided to start the business. As I am the person knows better about trucks, I am the person to decide on things related to trucks. I don't need any advice on trucks, but definitely need help with truck finance. We are confused whether to buy truck or lease one. Truck leasing is less expensive, but not sure about how good will it be on long term. What do you say about it? If we are buying, we need to get a truck loan and if then how much down payment we need to pay?
     
    dodgeramguy150 likes this.
  2. kavinsac

    kavinsac New Member

    Joined:
    Aug 23, 2016
    Location:
    United States
    Better you can buy new truck for a long term business! I am not sure about the loan and down payment!
     

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