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What’s a Monthly Payment for an ISP Truck?

What’s a Monthly Payment for an ISP Truck?

After securing a route and your business is established, it’s time to begin the process of buying a truck, which brings up the question… What’s a Monthly Payment for a Truck? Very few dealers in the United States offer step vans that are ISP up-fitted and ready to be delivered quickly. We can only speak on behalf of MAG Trucks and our ten years of experience, but our process is aimed to make your truck buying experience easy and quick. RELATED: 5 Tips for Getting Started as an Independent ISP Contractor. Some of our customers have shelled out over $700 A WEEK for lease/rental payments to other dealers for a quick solution to reduce the downtime. Once MAG partnered with the contractors on devising a success, affordable, and sustainable payment to OWN, the Independent Contractor immediately saw the benefits, most notably financially. MAG is one of the few dealers that offers finance options with quick and easy solutions. The below are situations to demonstrate the payments on both a New Truck and Used Truck Purchase; with as little as $0 down (approved credit) to a 20% down payment. Let’s explore the advantages to owning vs. leasing, and get you started on reaping the benefits of your business.

What's a Monthly Payment for a FedEx Truck?

 

 

 

 

New Truck  – 20% Down-payment

Sales price     $55,000
20% Down    -$11,000
Loan =           $44,000

[Term – 60 months; Rate – 5.99%]

Payment for a brand new ISP truck: $850.44 / month

New Truck  – 0% Down-payment

Sales price     $55,000
0% Down                $0
Loan =            $55,000
[Term – 60 months; Rate – 5.99%]

Payment for a brand new ISP truck: $1,063.05/ month


 

 

 

Used Truck – 20% Down-payment

Sales price    $38,000
20% Down –    $7,600
Loan –            $30,400

[Term – 60 months; Rate – 5.99%]

Payment for a used ISP truck (20% down): $587.58 / month

Used Truck – 0% Down-payment

Sales price    $38,000
0% Down        $       0
Loan –            $38,000

[Term – 60 months; Rate – 5.99%]

Payment for a used ISP truck (0% down): $734.47 / month


Based on our basic configurations of new and used options, both with 0% and 20% down, from a business standpoint, it’s advantageous to purchase a truck vs. leasing or rent. The tax advantages, business advantages, and cost savings makes this an informative decision. Are you ready to pick our your step van? Give us a call – 888.503.7481