Financing Your Truck and Trailer: Daily Simple Interest Explained

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

ความคิดเห็น • 104

  • @001lliwyn
    @001lliwyn 2 ปีที่แล้ว +7

    There are no other words to describe you Miranda but AWESOME. I really do appreciate your platform. There is no other like it. 🌹🤗

  • @jasonprice2225
    @jasonprice2225 2 ปีที่แล้ว +2

    This is the best trucking channel when it comes to content and quality. Thanks for putting up consistently great videos Miranda!

  • @greatdispatcher
    @greatdispatcher 2 ปีที่แล้ว +2

    Another awesome video. How you explain how the trucking industry goes is so simple that everybody can understand you. That's why every time I see someone complaining or raging about something you have explained so well, I share the link to that particular video with that person. With more educated truckers, brokers, and dispatchers the trucking industry would be a better place, and for that people like you, Miranda is highly needed. Keep going on!

  • @shannonbires2961
    @shannonbires2961 2 ปีที่แล้ว +2

    Very informative I didn’t know that’s was how it was done but it make since now that’s how you can bet your interest rate by paying on your load every to weeks because it doesn’t give the interest time to accumulate

  • @nasirkhodjaev.tabletennis
    @nasirkhodjaev.tabletennis 2 ปีที่แล้ว +2

    Really appreciate your time ad help. I wish you all the best in your life. Thanks for sharing your knowledge and experience for free

  • @RomanVarl
    @RomanVarl 2 ปีที่แล้ว +5

    Great insights Miranda, thank you!

  • @3459jason
    @3459jason 2 ปีที่แล้ว +2

    Great video and explanation 👍. The only thing I would like to add is when you make a bigger payment make sure you apply it towards your principle. If you don't the lender may apply it towards your next payment instead.

  • @tesfamariammebrahtu1693
    @tesfamariammebrahtu1693 2 ปีที่แล้ว +5

    Very informative, is there an option to refinance a commercial equipment like a personal car?

  • @captain.john.
    @captain.john. 2 ปีที่แล้ว +8

    I really appreciate all you share. I feel like you're my education getting into this business.

  • @gregburgess6884
    @gregburgess6884 2 ปีที่แล้ว

    Wow I'm learning so much from you, please except this heart filled thanks as my appreciation 👍🇺🇸🚛

  • @fugitive1205
    @fugitive1205 2 ปีที่แล้ว +2

    Your name must be God sent not Miranda,,, lots of thanks for all those useful videos

  • @markthemailman4567
    @markthemailman4567 2 ปีที่แล้ว +4

    Thanks

  • @manny2go293
    @manny2go293 2 ปีที่แล้ว +3

    Cent words, can't be explained better 🤗🙏🏼

  • @gabrielanowicki2287
    @gabrielanowicki2287 2 ปีที่แล้ว

    I love what you doing for O/O community. I have learned a lot from you and you gave me some ideas.
    Could you please 🙏 do more of this other person that talks fast in your videos. Thank you.
    Ziggy.

  • @matthewschlafkehostsrebelw8234
    @matthewschlafkehostsrebelw8234 2 ปีที่แล้ว +3

    Excellent information.

  • @krubel682
    @krubel682 2 ปีที่แล้ว +4

    You're awesome, thank you!

  • @felixmartinez4032
    @felixmartinez4032 2 ปีที่แล้ว +3

    thank you for the video

  • @sergiuberdila2972
    @sergiuberdila2972 2 ปีที่แล้ว +5

    Good work...

  • @toekneekun
    @toekneekun 2 ปีที่แล้ว +2

    Careful out there. I got a loan from ENGS financial and they do not allow you to make extra payments.

  • @anthonyshriner4362
    @anthonyshriner4362 2 ปีที่แล้ว +3

    Thank you so much for doing this.

  • @chokoramoja
    @chokoramoja 2 ปีที่แล้ว +3

    Thank you.

  • @cesarortiz6158
    @cesarortiz6158 2 ปีที่แล้ว +2

    Great video, is worth the time.

  • @1stNoCleverName
    @1stNoCleverName 2 ปีที่แล้ว +3

    Hey, Miranda! Great video! I know this is an odd question, but I'm just "oddly curious" about this: Was your nose a bit congested or constricted when you made this video (like, maybe you were a bit sick?)? I just feel like I'm detecting that slightly in the audio.

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Yeah I’m a bit sick. Good ear 😅

    • @1stNoCleverName
      @1stNoCleverName 2 ปีที่แล้ว

      @@TruckingMadeSuccessful Whatever it is, I hope that it's mild and that you get well soon. Because of the time of year, I got my flu shot on Tuesday, before Thanksgiving, just as a little "extra insurance." I don't know if you are in the part of the country where Publix exists, but I got mine at Publix, after hearing my sister's experience, and it was so easy! It was 100% free and, even though I have excellent (but expensive) health insurance, they refused to deal with it, PLUS, they gave me a voucher for $5 off $50 spent on groceries or $10 off a $100 purchase! I think they may be only doing that coupon thing until the end of this month. Just thought I'd share this in case it can be helpful. Anyway, I hope you're back to your 100% health very soon! 💪🏽💪🏽😁

  • @kiwi8476
    @kiwi8476 2 ปีที่แล้ว

    I’m not sure what I just listened to but damn! It was some pretty hot info 😉

  • @irunfreightllc
    @irunfreightllc 2 ปีที่แล้ว +4

    Great video. No rush but got a time estimate for when the course should be completed?

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      I am hoping to have it done before Christmas

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Course is up! miranda-c-s-school.teachable.com/p/trucking-made-successful-carrier-course-starting-and-managing-a-trucking-company

  • @__AllThatJass
    @__AllThatJass ปีที่แล้ว

    Awesome video. This is one of the best trucking channels I’ve seen.
    But I do have a question do you by chance know the criteria for being able to finance a truck? Credit score, personal/business income etc. looking to get my first truck within a few months ❤

  • @brandygoodpaster
    @brandygoodpaster ปีที่แล้ว

    Thank you so much for this! Great information as always!

  • @jellyrollmorton111
    @jellyrollmorton111 2 ปีที่แล้ว

    You made it make sense. Thank you. So smart.. and gorgeous

  • @olgaanisimova6916
    @olgaanisimova6916 2 ปีที่แล้ว +5

    Would not be surprised if Miranda majored in Business Finance in college

    • @chuckc6256
      @chuckc6256 2 ปีที่แล้ว

      I think she was in the fashion industry prior to trucking

  • @gregburgess6884
    @gregburgess6884 2 ปีที่แล้ว

    Oh and if course I have liked all videos I've watched and I subscribed and hit the Bell for all videos

  • @buzzy12
    @buzzy12 2 ปีที่แล้ว +2

    What type of board ate u writing on its nice

  • @damirabdurakhimov3980
    @damirabdurakhimov3980 2 ปีที่แล้ว +1

    Thank you

  • @samba2238
    @samba2238 ปีที่แล้ว

    You are the BEST
    Thank you so much ❤

  • @Hempfuelgroup
    @Hempfuelgroup 2 ปีที่แล้ว +1

    ugh did i due something wrong ? Approved for a $66k 2022 dually 3500hd but now cannot get approved for a simple $5800 car hauling trailer. Rent or lease ? Please advise thanks for your videos ✌️

  • @alignmentfrequency4042
    @alignmentfrequency4042 2 ปีที่แล้ว

    great video and knowledge!! do you have a video about renting a truck and trailer to get started?

  • @Cody541
    @Cody541 2 ปีที่แล้ว +1

    Do some loans calculate interest on simple interest and some use a fixed amortization? Thanks!

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      I’m sure there are those that do but in my experience (and I have financed 6 equipments so far), all lenders (Daimler, BMO, Crossroads) use simple daily interest

  • @izzyco5523
    @izzyco5523 ปีที่แล้ว

    good explanation

  • @morrisdennis
    @morrisdennis ปีที่แล้ว

    Its a very elaborate complex con job u will nvr get ahead and when its paid off and its worthless...

  • @williamcoiner6019
    @williamcoiner6019 2 ปีที่แล้ว +1

    On loans for trucks, can you split payments?

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Interesting question, I believe you can but I haven’t done it so would be curious to hear from someone who has.

  • @captainawesome5560
    @captainawesome5560 2 ปีที่แล้ว +2

    Interesting how interested I found interest 😂

  • @grobison9696
    @grobison9696 2 ปีที่แล้ว +2

    Everybody gets a piece...it's best to pay a payment and a 1/2 ...

  • @russellowens8111
    @russellowens8111 2 ปีที่แล้ว

    It seems like lease purchase might be more affordable. But i do not know. Im new at this.

  • @stilliraise9201
    @stilliraise9201 2 ปีที่แล้ว

    Gosh!!! I'm gonna quit truck driving and get a quick books course

  • @MariaMartinez-em4go
    @MariaMartinez-em4go 2 ปีที่แล้ว

    Help!
    Which app to use for loads?!
    We have a flatbed

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว +1

      I use DAT but I head that truck stop is best for flatbeds

    • @MariaMartinez-em4go
      @MariaMartinez-em4go 2 ปีที่แล้ว

      @@TruckingMadeSuccessful thank you so much for your response 🙏

  • @daniellec4035
    @daniellec4035 2 ปีที่แล้ว

    Does anyone know any insurance companies that are reasonable for owner operators?

  • @codysanders2286
    @codysanders2286 2 ปีที่แล้ว

    any lenders you could recommend for trucks and equipment?

  • @riskanet
    @riskanet 2 ปีที่แล้ว +1

    How you got the $ 39,906.63 /10% /5y. Actually it should be $38,475.18 for 140k funded? It looks like a mistake

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Curious on how you got to that number, can you email me? I cant find an error in my calculation

  • @rajuhossain7819
    @rajuhossain7819 2 ปีที่แล้ว

    Wonderful

  • @adrielvelasquez9598
    @adrielvelasquez9598 ปีที่แล้ว

    What about the taxes?? What's up with that???

  • @akmalashrapov7866
    @akmalashrapov7866 2 ปีที่แล้ว +1

    I'm subscribed to your channel, but I'm also subscribed to another Russian-speaking lady, and I noticed that you both go live from the same office. Is this true or am I wrong?

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Rita and I work together yes.

    • @dariodjakovic1600
      @dariodjakovic1600 2 ปีที่แล้ว +1

      So this is russian ran trucking company. Yall from Chicago lol

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Ukranian, Georgian, not Russian. And no, we are in SoCal.

    • @LinwoodPowell
      @LinwoodPowell 2 ปีที่แล้ว

      Uh...oh!!!. I knew something was strange about this channel.

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      @@LinwoodPowell What do you mean? What is strange about my channel?

  • @Mason-arc
    @Mason-arc 2 ปีที่แล้ว +2

    Do you think it's a good or bad idea to buy a reefer during these times?

  • @stilliraise9201
    @stilliraise9201 2 ปีที่แล้ว +1

    I wonder 🤔 if is mandatory to make a down payment. We can used that 30k to pay the first payment plus the $3k a month. Baamm

  • @nskgraff
    @nskgraff 2 ปีที่แล้ว +2

    If you want to finance and drive in current market i would suggest go to company that pays 75 cent per mile drive 4000 miles and laugh…

  • @princediamond5763
    @princediamond5763 2 ปีที่แล้ว +4

    💯💯✌️

  • @dancargologisticsinc7581
    @dancargologisticsinc7581 2 ปีที่แล้ว

    Someone has broken the table. What can I do?

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Oh man, just saw it. Will fix it right now and share a link to be able to download it so it works

    • @TruckingMadeSuccessful
      @TruckingMadeSuccessful  2 ปีที่แล้ว

      Here you go: please download this calculator under "File, Download- Excel"
      docs.google.com/spreadsheets/d/1XVAnjxMkuyFhUxap8aw4piEKfDvHAiud24v9mIzApDo/edit?usp=sharing

  • @Jonathankirchner_
    @Jonathankirchner_ 2 ปีที่แล้ว +24

    Hello what’s the best way to get started with bitcoin investment cos I’ve been making my personal research for a while now?

    • @Hudsonarthur_
      @Hudsonarthur_ 2 ปีที่แล้ว

      She trades for me too. My first investment with mrs Kathleen gave me profit over $25,576 and ever since then I trade with her and it has been a good turn up

    • @wilfredmcalister
      @wilfredmcalister 2 ปีที่แล้ว

      She has been trading for me too, her strategies are wonderful and she made me see binary and Forex trade from a different perspective. I keep making profits weekly

    • @peterdawson_
      @peterdawson_ 2 ปีที่แล้ว

      I’m one of her clients…. And I’m a living testimony of expert Mrs Kathleen. She has changed my financial status for the best, all thanks 😊 to my friend who introduced her to me

    • @donaldkelk
      @donaldkelk 2 ปีที่แล้ว

      Glad I bumped into a recommendation about her exactly 3 weeks ago. More people like expect Mrs Kathleen Susan are needed in the crypto world.

    • @johankarlsson1802
      @johankarlsson1802 2 ปีที่แล้ว

      Sometimes I wonder if she uses magical powers to trade
      I’ve never heard or seen any of her clients complain of lost…I think she’s just too perfect

  • @morrisdennis
    @morrisdennis ปีที่แล้ว

    Figures nvr lie, but liars always figure...

  • @primeartifacts6467
    @primeartifacts6467 2 ปีที่แล้ว +2

    you could be a good mathematics teacher if trucking doesn’t work.

  • @Hempfuelgroup
    @Hempfuelgroup 2 ปีที่แล้ว +2

    Pay it off 3 years 🤓

  • @morrisdennis
    @morrisdennis ปีที่แล้ว

    Interest and greed are destroying our country!

  • @morrisdennis
    @morrisdennis ปีที่แล้ว

    Interest is evil 😈

  • @stilliraise9201
    @stilliraise9201 2 ปีที่แล้ว

    Algorithm algorithm algorithm algorithm

  • @kennithtruckn8248
    @kennithtruckn8248 ปีที่แล้ว

    Wow, it’s rigged…to profit on the lending. It’s best to save not only the down payment.but interest,aswell.

  • @benjoy6202
    @benjoy6202 2 ปีที่แล้ว +1

    Brokers taking money only fact. Im broker and i know....

  • @jobinglobin
    @jobinglobin 2 ปีที่แล้ว +1

    Just a reminder that this is a very precarious time and so we should be doing our best to REDUCE or ELIMINATE debt, rather than taking on new debt. Be careful out there. Oh and one more thing - in my experience, sometimes lenders, just to squeeze a little more money out of you, calculate the daily interest using 360 days, rather than 365.

  • @AZ-kl1lk
    @AZ-kl1lk ปีที่แล้ว

    Never trust dispatcher

  • @gregburgess6884
    @gregburgess6884 2 ปีที่แล้ว

    Wow I'm learning so much from you, please except this heart filled thanks as my appreciation 👍🇺🇸🚛