Smart Financing for Your First Truck: How to Avoid Costly Mistakes
Starting your own trucking business is an exciting journey—but it can also be risky if you don’t make smart financial decisions from the beginning. One of the biggest (and most important) steps is financing your first semi-truck. Whether you’re transitioning from a company driver to an owner-operator or launching a small fleet, how you handle financing can make or break your long-term success. At Cedrick Leggett Consulting , we’ve helped countless truckers avoid expensive pitfalls and set themselves up for long-term profitability. In this blog, we’ll walk you through how to approach truck financing the smart way—so you can hit the road with confidence. 1. Know Your Numbers Before You Shop Before you start browsing trucks or applying for loans, take a step back and look at your financial picture. Ask yourself: What’s my credit score? How much can I afford for a down payment? What’s my monthly budget for payments, insurance, and maintenance? Do I have a business plan in pl...