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i know my credit will determine what rate I get and I will shop around when I do buy a truck. I plan on getting a class 8 used truck. I was just asking in general terms as far as what kind of range truck loans have.

anyond can respond and I will be happy. Lol. Just want some info on the different rates.

oh ok. Thanks for sharing.

oh ok. So a bigger down payment may lead to a smaller interest rate. That is good info to know. What kind of down payment is typically used? 10% is what I was thinking.

wow, I didn't know it would range all the way up to 30%. I knew the credit score would play a major role. Thanks for your input on this.

What is considered a "good", "normal/ok" and "bad" interest rate when financing a used truck?

Thinking of buying a truck and plan to apply for a loan next month. What is a "good", "normal", and "bad" interest rate when financing a truck?

No I do not have large assets.

I am about to buy a truck and have some questions I hope you all can help me with. First off should I just do a sole proprietorship or should I incorporate? What benefits as far as taxes are there either way? Second, if I live in Georgia but the company is in Tennessee how and where do I...

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.

Thanks for that input. I have not had a chance to talk to one and was just hoping someone here could give a estimate.