Partners in Business tip: Shorter loan, less costly truck

Updated Jul 28, 2021
truck lot
The Partners in Business program is sponsored by TBS Factoring.The Partners in Business program is sponsored by TBS Factoring.

The ideal loan term for a three-year depreciable asset like a heavy-duty truck is three or four years, during which you can reap the tax benefits of depreciation to maximize the affordability of the monthly payments. The shorter the term, the less you’ll pay overall due to interest.

The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. The program is sponsored by TBS Factoring Service.

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