Another Company to IC Choice Thread
Discussion in 'Schneider' started by chicknwing, Mar 7, 2014.
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I didn't have to do either one....
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No I did not have to do PWS, but I have to do a road test because I am coming out of a company truck and getting into a KW.
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88 Alpha Thanks this.
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Sweet truck by the way CW!!
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It was nice meeting you too Chickenwing. When the two company drivers left on TTR decide to become an IC if I'm in town I'll take you to lunch as well.
I had to update my Navigo this morning and I planned on it taking up to an hour. So of course it took less than 20 minutes. I started to kill some time with CW and the other company to IC guys while they were twiddling their thumbs. One of the guys needed to return his rental car still so I volunteered to run him to the airport and back - a perfect way to kill some time. Talking with him highlighted the idea that there's a right way and a wrong way to truck ownership.
The right way is the way CW and DFO did it - do lots of research, crunch the numbers, and have a solid plan.
The wrong way is to lease a new truck and not know anything about the costs except what your weekly truck payment will be. Not total cost of the truck, maintenance account requirement, rough insurance, rough cost per mile, not if the truck has a diesel or electric apu. ABSOLUTELY NOTHING! The only thing this guy knew was that his cousin is running choice and is "making good money". I understand reticence in talking personal finance with a guy you just met and don't even know his name, but I don't think that was the case. He knew his truck payment was going to be $722, but not how many payments, what the balloon would be, etc.
Owning a truck scares the piss out of me. I know that I don't know enough about all lot of things in order to be a successful IC. It constantly blows my mind how some people will blithely put their entire financial well being in jeopardy. Just because Sigfried and Roy look really cool playing with their tiger doesn't mean you should go out an buy a tiger of your own.91B20H8 and runningman0661 Thank this. -
Amen so true
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