I'd preserve that money, and your husband's job with steady income until after the virus is over. When you buy a truck, especially used one, you also buy liabilities. The first year, 2014, when I bought mine, I spent 20K on the very repairs and maintenance...the rates were solid, though. $50k is just enough not to get into an anxiety over the nearest future.
Check here,every now and then,finally you'll see quite a few heralds saying the rates are good. Then you'll buy.
Bad time to start?
Discussion in 'Ask An Owner Operator' started by gjcarr03, Apr 19, 2020.
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No one knows what will happen in the next year, just keep stacking those dollars.
In order not to fail you need six months house expenses, three months truck expenses and twenty five repair money.truckdriver31 and TallJoe Thank this. -
Go on YouTube and watch Alex on Towpiglet , he has been Hotshotting for years. Very honest with all his earnings and expenses and what to do and not to do.
Just the sleeping conditions alone Hotshotting convinced me I would never want to do it.
To me the best part of trucking is having my kitchen, toilet and bed with me.Zigzag777, truckdriver31, Opendeckin and 2 others Thank this. -
with this virus going around right now and in some areas a slowdown in freight and some rates, it may not be in your/his best interest right now.Rideandrepair, tommymonza, truckdriver31 and 2 others Thank this. -
Yall stay put , I thought I would keep running but this weeks freight rates tell me to head home and unfortunately sit at home for the next couple of weeks.
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My personal opinion on hot shots - no, not ever! Too easy to get into, too hard to get out of...Last edited: Apr 19, 2020
Rideandrepair, DUNE-T and tommymonza Thank this. -
We have had too much capacity for a long time, now we are seeing a contraction of that capacity and it will cause (unfortunately) a push for more drivers and more trucks when we don't need more.Rideandrepair, Zigzag777 and tommymonza Thank this. -
It's a tough time to get started, personally, I think if a driver has a decent company gig, it's better to stay there. To operate solely off the spot market will only become more difficult in the future, with so many fixed costs and regulations. Then competition from an endless number of owner ops and fleets, is tough. Hes still working so if I were him, I'd just keep stacking the money
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