Northland Credit Corporation has over forty years’ experience at financing over the road trucks and trailers. To follow is a summary of how to get into the trucking business and stay in the trucking
Monthly | |
Gross Income - 3000/miles per week at 1.50 a mile = 4,500/week | 18,000 |
Less: Truck ins. & maint. | -1,000* |
Less: Rent/House payment | -1,200* |
Less: Fuel-30% of gross income | -5,400 |
Less: Credit card | -250* |
Less: Car payment | -350* |
Net Income: | -6,800 |
25% Rule: Allowable for Truck Payment | -1,700 |
*Payments due as a company driver or owner operator. |
As you can see, you just went from a 3,600/mo being a company driver to 10,900/mo. and being an owner-operator. Now you are ready for this road as an Owner Operator.
We hope this was a helpful exercise in how to be successful on the road.
Feel free to contact NCC at 888-485-5834 for more information or visit https://northlandcredit.com/ to apply for your new truck.