CATEGORY 2 – OTHER EQUIPMENT

 

Other Equipment – Equipment hooked or towed behind your Motor Vehicle.  Examples (Trailers – Dry Van, Flatbed, Reefer, Tanker, Specialized, etc.)

What expense do you have when you Purchase your Other Equipment?

* DEPRECIATION EXPENSE

and

What expense do you have when you Finance your Other Equipment?

* INTEREST EXPENSE

OR

What expenses do you have when you Lease your  Other Equipment?

* LEASE EXPENSE and
LEASE MILEAGE EXPENSE

Learn Cost Reduction Tips

DEPRECIATION EXPENSE – This expense is set after you purchase  your Motor Vehicle and cannot be changed.

INTEREST EXPENSE – If your vehicle is financed, talk to your lender about refinancing your Motor Vehicle at a lower interest rate.  Remember your goal is lowering your expense not extending your payments terms.

OR

LEASING EXPENSE – Contact your leasing company and ask if they can renegotiate a lower monthly lease and lease mileage rate.  Remember your goal is to permanently lower your monthly expense not to temporarily  lower your monthly expense for a number of months only to have them increase at a future date.

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