Like cars and motorcycles, there comes a point where the costs of recommended maintenance and typical repairs exceeds the value of the vehicle.
On a typical tractor, after how many miles/years before an operator faces this?
Equipment life cycle.....
Discussion in 'Ask An Owner Operator' started by Commuter69, Aug 27, 2014.
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Use to be it was the 5th year ( starting with BRAND NEW TRUCKS but emissions system problems changed that ) that the BIG $ costs show up , 1 reason many fleets update their trucks at 4 to 4 1/2 years
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Wow.... lol idk when you wreck it?
There just isn't a solid answer... there are just too many views... look at classic car collectors? In the truck world, some people are still running trucks from the 80's with 4 rebuilds on the motor.... it seems to be personal preference.
You seem to want a definitive answer for such a vague/broad question that is based on the oppinion of others, with no factual "written in stone" answer...
But I think your question probably answers itself pretty well. "there comes a point where the costs of recommended maintenance and typical repairs exceeds the value of the vehicle".
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If repairing the vehicle offers you the best long term value -- you should keep it. If you have an old truck this may mean you put more into maintenance/repairs than its resale price -- but price and intrinsic value are rarely equal.Last edited: Aug 27, 2014
Bandaid Thanks this. -
Trucks are made to bolt together you can rebuild them good as new
xiipercent Thanks this. -
working value vs trade value: totally different concepts.
if you are monthly maintenance exceeds your monthly net income...ie goin in the donut jar...month after month.
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How much work can you do yourself ? (repairs) How much down time can you absorb ? 10 days in the shop means no revenue ? Things to consider ..
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Some much older guys I know used to laugh at the fact the could sometimes gross more money in a week than their truck is worth! Lol!
All a matter of preference really. Some always need to newest and fanciest unit making life rather hard always running to make the payments.
Others keep a well maintained and very familiar truck without payments and a rather easier lifestyle. Those are and always will be the independents able to make it through thick and thin.281ric Thanks this. -
My trucks in the body shop now from some stupid driver that works for western express I'll be down 7-10 days and they told me they don't pay down time so I'm on my own
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