Owner-Operator Financing in Canada

Owner-Operator Financing in Canada

Becoming an owner-operator could be a worthwhile move, expertly and economically. But, as company owner, you have got additional duties.

You will be in charge of getting gear as well as for operating operations. These obligations could be costly. Until you have sufficient capital, you will require funding to obtain your brand-new trucking company rolling.

Funding your vehicle

Having your very first truck is probable your biggest and a lot of expense that is important. With no vehicle, you don’t have a company. There are two main means with a loan or lease it that you can get a truck: purchase it.

Buying a truck is straightforward. You will be making the down-payment that is initial then pay month-to-month through to the truck is yours.

Leasing a vehicle can little be a more complicated. A rent is structured just like a leasing, in which you may use the vehicle in return for a payment that is monthly. Continue reading “Owner-Operator Financing in Canada”