Can You Afford A Brand New Truck Unit With Today's Freight Rates?

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Can You Afford A Brand New Truck Unit With Today's Freight Rates?
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In this video, Ronen explains why it's not a good idea to buy a brand new truck with todays national average on freight rates. Join him as he compares pay statements and find out at what price would it be good to buy a brand new truck.

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Chapters:
00:00 Introduction
00:35 What are payments on a brand new unit?
00:46 Average Price of Truck
00:59 Loan Amount
01:10 What are the payments on a brand new truck?
01:29 Realistic Interest Rates
01:57 5 Year cost for a brand new unit
02:28 20% Down payment on a new unit
02:52 60 month loan term
03:11 Calculated payments on a 60 month loan term
03:29 Total Interest Paid
03:42 Financing Form
04:22 Brokers & their commission
04:43 What is todays realistic interest rates?
05:24 Where are freight rates now?
05:58 Pay Statements
07:09 Is it worth it to drive at 2.07/mile?
07:42 Company drivers pay per mile
08:00 Pay statements
08:35 At what price would it be good to buy a brand new unit?
09:06 $2.25/Mile Pay Statements
09:28 Headaches cost money
10:34 Conclusion

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