How to Purchase a Semi-truck

If you are considering purchasing a semi-truck, several factors must be remembered. The following tips will help you make an informed decision.


Determine your budget

Before embarking on your search for a semi-truck, it is crucial to establish how much you can afford to spend. This will help you narrow your options and simplify the selection process. Setting a budget allows you to focus on trucks that fall within your price range.

Choose the right type of truck

With numerous types of semi-trucks available on the market, selecting the one that suits your needs is critical. If you plan on hauling heavy loads, you’ll need a truck with a robust engine. If fuel efficiency is a priority, consider trucks that offer excellent fuel economy.

Determine your financing options

When financing your semi-truck, explore all available options before making a decision. There are several choices, and comparing each lender’s terms and interest rates can help you secure the best possible deal.

Is Purchasing a Semi-truck Profitable?

Several factors influence the profitability of buying a semi-truck. While the cost of a new semi-truck average between $100,000 and $150,000, used trucks are typically less expensive but may require more maintenance and repairs. Additionally, fuel costs, which average between $3 and $4 per gallon, can be a significant expense for truck owners.

To run a truck efficiently, owners must balance speed and mileage. Long-haul trucks average 6-8 miles per gallon, while local trucks average 10-12 miles per gallon. Based on these averages, filling up a semi-truck tank costs around $600.

Tolls, parking fees, and permits are additional variable expenses. An owner-operator can expect to earn approximately $2,000-$5,000 per week, while an investor can expect to make a profit of $500-$2,000 per truck per week. However, these figures are only averages, and earnings will vary depending on numerous factors.

How Long Does It Take To Pay Off a Semi-truck?

The time required to pay off a semi-truck loan varies depending on the vehicle. The loan terms for a truck can range from 12 to 84 months, while those for a specialty vehicle can range from 36 to 84 months. The lender determines the repayment schedule, which can be established as a bi-weekly or monthly payment. Additionally, the down payment amount and interest rate affect the loan length. In summary, the time needed to pay off a semi-truck loan depends on several factors and will differ from case to case.

Is Buying an 18-Wheeler a Good Investment?

Purchasing an 18-wheeler can help business owners save on shipping costs. However, it is crucial to consider all the expenses of owning a truck, such as maintenance, repairs, fuel, and insurance. Additionally, the cost of hiring a driver should be factored in if you plan on driving the truck alone. Thorough research and careful calculation of the expenses are necessary to determine if owning a truck is a sound investment. Otherwise, it can result in a financial drain.

How Do Owner-operators Pay Themselves?

Owner-operators can get paid through a percentage of the load or mileage. The primary difference between the two is earning consistency. Drivers receive 25-85% of the load revenue on a percentage-of-load basis, averaging around 40-50%. If a load pays $1,000, the driver will take home $400-$500. This system enables drivers to earn more on higher-paying loads. However, it can also result in inconsistent earnings if loads are not consistently high-paying.

On a mileage basis, drivers get paid a certain amount per mile driven, regardless of the load revenue. This can range from $0.20-$1.00 per mile, with an average of around $0.40-$0.60 per mile. This system provides more consistent earnings as the pay is not dependent on load revenue. However, drivers need to earn more on high-paying loads. The best-paying option for owner-operators depends on their circumstances and preference for earning consistency.

Is It Worth Being an Owner-operator?

Being an owner-operator has its advantages and disadvantages. Additionally, owner-operators earn higher per-mile rates than company drivers or a percent-of-load rate. However, they must also pay all the expenses of operating a truck and business, such as fuel, maintenance, tires, licenses, permits, and insurance. Moreover, they are responsible for their taxes. While the higher income may be worth it, one must consider the costs and responsibilities before becoming an owner-operator.


Before purchasing a semi-truck, it is essential to consider the appropriate licenses and permits, fuel, maintenance, and insurance expenses. It is also necessary to determine if being an owner-operator is the right choice. With thorough research and planning, buying an 18-wheeler can be a profitable investment for your business.

About the author, Laurence Perkins

Laurence Perkins is the passionate car enthusiast behind the blog My Auto Machine. With over a decade of experience in the automotive industry, Perkins has knowledge and experience with a wide range of car makes and models. His particular interests lie in performance and modification, and his blog covers these topics in-depth. In addition to his own blog, Perkins is a respected voice in the automotive community and writes for various automotive publications. His insights and opinions on cars are highly sought-after.