Buying Help !!!

'07

 

No you are not! The only thing that will happen is you will end of owing a bunch of companies a bunch of money before you file for bankruptcy.

Heck, this question alone tells me that.

 

He might have it all figured out, driver.

 

While I will give you miracles are possible....
His question tells me he does not, in fact, have it figured out. If he needs to know the pros and cons of buying a truck between those two choices there is no way he has it figured out.

 

I know, I know. Was kidding

 

No I can't teach you. You have to get out there and get experience. My suggestion if you are serious about becoming an o/o is go drive for a larger company for a year. Then go drive for a small company for a year. Take everything you learned in those two years, and start your business.
Make no mistake, you are starting a business. Like any business, you need capital and a business plan. Once you have experience, capital, and a plan, only then will you be ready.

Alternatively you can rush out, no capitol, no knowledge, and no plan. If you do that, would you mind just giving me all the money you will lose? It will be less painful for you, and hey, I get a few dollars insted of some finance company. End result for you will be the same.

 

1) Find a decent company to run as a company driver for at least one year

2) As you run your company truck, treat it like it was yours. Track:

• Fuel consumption
• Fuel price
• Freight lanes
• Maintenance schedules

3) Learn how to back, trip plan, and run when it's not your reputation and financial stability on the line.

4) Spend some time lurking here and other places learning about engines, trucks, def

5) Spend some time lurking here and learn about rates, revenue per mile, revenue per day, costs per mile, costs per day, fixed costs, variable costs, insurance, and general best practices.

6) Have a solid business plan, go in well capitalized, find a decent company to lease onto (ie one that lets you chose your freight and pay "percentage")