Advanced Search

The Green Industry's Resource Center

Thread Tools   Display Modes
Old 09-08-2012, 09:21 PM
muddywater muddywater is offline
LawnSite Bronze Member
Join Date: Sep 2011
Posts: 1,813
Originally Posted by PerfectEarth View Post
I disagree that a car or truck should be paid for in cash. Yes, it's a depreciating asset but with a decent chunk down, and a great rate over 3-4 years- sure.

The bank will make some money but you can get what you need. I'm still driving the same Chevy I bought new in 2001 and paid off in 2005. No regrets. Now, I wouldn't continue to get into vehicle debt if you consistently trade up or in.

We'll probably need a new truck next year due to growth (being able to serve more customers AND existing, adding a crew) and I sure won't be paying all in cash!!! lol..... that's why a business needs excellent credit and good financing options. One day we'll get there, but not 4-5 years in.
Why buy a new one? I started a dedicated irrigation repair truck a few years ago, and I bought an 07 Duramax regular cab 2wd truck with 60k miles for $15k. Why not buy used with low miles for a fraction of the cost, but basically with the same service life?
Reply With Quote
Old 09-08-2012, 09:26 PM
PerfectEarth's Avatar
PerfectEarth PerfectEarth is offline
LawnSite Bronze Member
Join Date: Mar 2007
Location: Louisville, Kentucky
Posts: 1,739
I suppose I meant "new" as in new to me. Sorry for the confusion.

If I get a truck next year, it will be used. But 25-30k used!

I wasn't advocating buying new. BUT, if you keep it for a LONG time, that 60k miles might make a difference. And then there's the preference of just wanting a truly new vehicle. We all know how that feels.
--Specializing in Professional Landscape Installations and Enhancements--

Follow my updates and pictures on Facebook and LawnSite
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Layout Style:

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Grand View Media
All times are GMT -4. The time now is 05:25 PM.

Page generated in 0.05748 seconds with 8 queries