true gman. my interest rate is 15.3% i dont think its terrible for my first truck.

 

thanks again guys for input,i m buying 2007 313000 miles on it new tires .western star 455 detriot.they wanted 43 000 got down to 39000 . interest rate finance company wanted 16% interest. i was going to put down 20,000. after done i could not see paying 6500 back in interest over 3 years for use of their money. so im just paying cash.i think im going to haul pigs off port in mobile .be home every other night just my life style

 

well after i got my truck on the road for the frist 2 weeks i had less then 2k in my bank. I really bought my truck on a shoe string. But it all worked out. Good luck. Once you buy your own truck you will ask your self way you waited so long. I could never go back to being a company driver.

BTW are you leasing to a company??

 

I have heard of some being charged over 19% for their first truck. These lenders really rape you on interest starting out. On the other hand, there is a very high failure rate from first time buyers. Once you pay one truck off and keep payments up it will be easier to finance your next truck. My preference would be to save the money and pay cash. It does save a lot of interest money.

 

I wouldn't borrow money at 15% especially not that much money! Is save up andd pay cash or get a decent rate period end.