bourgeoisie tall freak
Superstar
how come you dont have the few thousand already if truck driving is so much income 
(assuming your arent new to this)
(assuming your arent new to this)
Should I get a personal loan?
- Thread starter BrothaZay
- Start date
ultraflexed
Superstar
Interest rates are always better
I had that. Life will wipe out savings in an instanthow come you dont have the few thousand already if truck driving is so much income
bourgeoisie tall freak
Superstar
damn. well at least you got the skills to bounce back
the last time i needed money (i probably didn't need it, just wanted it the fast way) i did a car title pawn. paid it back before any interest accrued tho.... i think it was one of those 30, 60 days no interest type deals
Worst case scenario, how much is a repair bill for a truck like that?
Ezekiel 25:17
Veteran
The APR is over 30%?
Smoke crack laced with meth brehs
Smoke crack laced with meth brehs
R.E.N. Spells Ren
Veteran
This. The loan terms on $4k are nearly irrelevant when you stand to make $150k a year. By all means find the best loan terms you can, but what you really need to be doing is putting some certainty around that $150k number. If that’s certain there’s almost no $4k loan that’s not worth it for that kind of gain.
I assume that $150k is revenue, not profit... what’s that profit projection looking like?
BaldingSoHard
Veteran
30% interest rate is terrible but on such a small loan amount with the revenue you're going to generate, it's not necessarily a terrible idea.
Also, it'll be $180 a month, not a week.
feelosofer
#ninergang
30% Interest on a 4k loan won't you especially if you pay ahead.
BlackDiBiase
Superstar
just ask dumb questions just to ask them, i remember same dude made a thread no more than a week ago talking about he cant keep money his going broke.(*fantasy receipts*)
i dont believe you actually earn one dollar in life, you got no sense of time or responsibility.
i dont believe you actually earn one dollar in life, you got no sense of time or responsibility.
ultraflexed
Superstar
You don't know how op gets down
0-2200 weekly
R.E.N. Spells Ren
Veteran
Then ya, like I said, the question you really need to be trying to answer is how likely it’ll be closer to that $2200/week vs that $0/week.
Cuz if you can pay that $4k off early, the interest really doesn’t matter. Even if it took you 6 months to pay it off, you’d be paying just $4,600 (with a 30% APR). Stressing over the rate is kinda pointless, you need to be stressing over the earnings from the truck.
Well the thread is about the loan not the truck revenue. I have researched about this enough to know what to expect to make
then you already have your answer.