Are you driving for USA truck now? If yes what's the pay per mile? Subtract that from 1.14 and see if the remaining amount will be enough to run a profitable business on. I am betting it will come up short.
And don't figure you will drive 3500 miles a week for 52 weeks a year.
Best truck for $50-60k
Discussion in 'Ask An Owner Operator' started by TheDudeAbides, May 25, 2016.
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Eeyore05 and Dominick253 Thank this.
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Ding ding ding ding ding .....
Some people have to learn by making mistakes though. Some of those mistakes are very costly ...Eeyore05, Tropsnart, Dominick253 and 1 other person Thank this. -
So anyone have any advice about buying a truck?? My only mistake made so far is putting that I was going to lease on to USA right away as I'm already with them and it's been my only company and will be a smooth, quick, transition. I didnt say I was going to stay there indefinitely. I'm definitely looking at percentage based companies and perhaps even getting my authority (myself, not with help from some scammer company) so I can underbid Syds Trucking and put him out of business, haha! Look, I'm just taking things one step at a time and I've always managed numbers well in my former career and my personal life is no different. My only substantial debt right now is my mortgage and that's rented out so overhead is very low for me. A $50000 truck payment is only gonna run a little over $1000 a month so worst case scenario, I can park it and make the payment working as a company driver.
So, with that being said, does anyone have any insight as far as personal experiences with these trucks or should I have posted in The Garage?tonycr and Dominick253 Thank this. -
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I would stay away from ALL emission trucks, if it was me and I wanted to buy a used truck i would get either a glider or a preemission truck that has full maintenence records.
But yes take our warnings and stay away from USA truck, extemely low pay.
Don't worry about buying a truck until you have a good job lined up.fordconvert, Terry270, Eeyore05 and 1 other person Thank this. -
What gets me is it's simple, basic math and what it tells me is most of these foolish people have no clue what it costs to operate a truck.
If you're not doing $2.00/mile or at least close to it, you're better off being a company driver.
I bought my Pete for $33,000 with a home equity loan at 4%. Took out a $63,000 loan with a measley $630.00 a month payment.
I was averaging closer to $2.40 to $2.60 a mile til the bottom fell out thanks to all these fools willing to run for $1.10.
I also leased on where I could book my own loads from anywhere. Not this "run our freight only"crap.
It's an epidemic of stupidity.RERM, Terry270, freightwipper and 1 other person Thank this. -
TheDudeAbides Thanks this.
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Cummins & Paccar are the two worst choices you could probably make. Especially the Cummins.
Right now Freightliner has two identical new trucks for sale, the one with a Cummins is $28K cheaper. Clue #1
All the used trucks at Freightliner that have Cummins vs. Detroit average $20K cheaper. Clue#2
I talked to a guy that's a mover at a TA one weekend, he bought used '12 Pete from RUSH with 450K miles on it. Cummins. Drove it less than 1,000 miles, $12K in DPF & EGR system repairs & replacement. Clue#3
There are threads on this site & others that well document the EGR horror's of Cummins & the sensor nightmares of the Paccar's. Clue #4
I bought a Volvo with a D13 for my first truck. No hassles. Got it through Penske. $54K. They keep meticulous maintenance records, and are maintenance freaks. That's what you want when getting a used truck.
Arrow has a very good deal on Volvo's right now.
If you get anything that has been at a mega carrier, that means the PM services were 45K to 50K apart. That's a long time between services. And you have a good chance some kids beat that truck in one way or another.
Get a Volvo or Freighty. Freightliners are the 350 Chevy of the trucking world. The Volvo was much more comfortable, and had 0 issues.
Don't lease / purchase a truck from any carrier. If you can buy a truck from a dealer, great. Then lease on with a carrier. But don't let the people holding the note on your truck be the ones finding you loads, or you F yourself. You want to be able to change carriers if they can't keep you busy.
As far as rates or % of load pay. There's A LOT of variables I've found that you have to weigh, so as to compare apples to apples. And I've discovered there is always money, but what are you willing to do to go get it.
Where do you live?
How often do you want or need to be by the house is the first question you need to consider. And if your going to get your own truck, and you really want to be a winner, want, has little to do with it, so how often do you need to be by the house?nax, fordconvert, 77fib77 and 1 other person Thank this. -
You're going to run under your own authority and put me out of business, huh?
Where are you getting your loads and what are they paying?
Good luck. I just sold my truck and went to work pulling Hazmat Tanker. I'm better off with today's otr rates thanks to people lowballing them.
I work 5 days a week and go home everynight. Full company paid benefits package and I make $1400 to $1600 a week. No headaches. Paid vacation. Paid holidays.
Good luck making that at $1.10 a mile. You won't make $300 a week after all your expenses.
Simple math.
Too add. I looked into Tanker gigs as an O/O. The majority are company drivers. Some take O/Os and it turns out this one has a few. But guess what. The company drivers make more bottom line than the O/Os. This is often the case with companies that have both. They're going to look out for their company before yours. You can bet on it.
As an an O/O I would never lease on with a company that has their own trucks/drivers. You're going to get their table scraps.Last edited: May 25, 2016
Terry270, fordconvert, TruckerNerd and 4 others Thank this.
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