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About to buy a truck and would like some input before I make a mistake. I have looked at a couple different trucks that I am thinking about buying. I know I want a class 8 truck. The big question is will I lose a lot of load by getting a single rear axle as opposed to a double read axle truck...

Thanks I just responded

Thanks for the input. I was afraid that I may end up in this situation but for now all I can do is try to see if any company will help me out. I wonder if a co-signer will help?

That is what I was afraid of. Well I guess I will just start talking to finance companies to see if they can help. Thanks for your input

Ok, I have a score of 665 right now. Does anyone know if they consider that bad, good, great?

Thanks, I just checked out their webpage and they seem to want to help which is a good thing. I just have to figure out if they will finance a truck while I work with my current carrier. Don't really want to leave my current carrier.

Also do you have the contact info for expeditor services? Thanks in advance

Thanks for the reply. May will be one year driving with current company Otr expedite. I will contact expeditor services about the loan and process.

Thanks for the reply. The company I am currently driving for will be who I lease on with. I have spoken with them and have gotten the requirements for the truck. I am more concerned with obtaining a loan and trying my best not to get screwed if someone knows a better route to take. I was...

I want to buy a truck and have some questions if you all could help that would be great. First off I have a credit score of 665 right now. I have $6000 that I can put down. I did file bankruptcy back in 2009. I have no monthly bills. Also I have driven off and on for the past seven years...

Any tips and knowledge are well respected and needed by myself. I am driving someone else's truck right now but do plan on buying a truck next year hopefully. All info is welcomed. Thanks

Thanks when I go home I wi call you and we can talk more. Thank you for your help this far.

Thank for this. I have been saving 40% so I should be good to go. Also with me not owning the truck and not paying for fuel I don't have a lot of deductions that I know of. If you can think of some other than my cell phone and weekly insurance please reply with those. Thanks

Thanks for the reply. That is about what I was thinking. So since I don't own the truck or pay for fuel them my weekly settlement is considered all profit right?

This is my first year and I am only about 3 months in with this company so it is all guess work for me. As far as gross I am guessing 25,000. I am guessing 160 days of per diem. No other deductions other than my phone which is $100 a month and insurance which is $36 a week.

Thank you for your reply. I understand all of what you have said. I am new to this field and was just wondering what percent was a good rule of thumb, that's all. It has nothing to do will being fully committed at all it has everything to do with being prepared for what is to come. I do plan on...

Ok, but what about the 15% self employment taxes? So are saying 25% total or just 10% total is a good starting point? thanks for any help

I am single, no dependents, no house

Thanks for the response. So with me not owning the truck what would be a good percentage to save for taxes? Would it be the 15% self employment tax plus another 25% to total 40%?

I do not own the truck. I am using their truck.