Becoming an o/o

Are you missing the 30% cut to TMC? You’d have to be $2.85 all miles to get your $2 after their cut.

 

Yeah he could just buy a brand new truck and shift the maintenance money over to the truck payment and experience no down time. That’s what I would do.

 

How much cash do you have?

Health insurance only $2600 a year? If your single and make over 45k it’s going to be much higher.
I’d lower revenue to $175,000
Mpg depending on tractor I’d lower to 6.5 to be safe.
Maintenance will probably be about 25k but you could get unlucky and it be 35k. Generally 25 cents per mile on a used truck is about right.

 

If your married, make the wife get a job with insurance, one that pays well enough if something happens to you or the truck takes a dirt nap, she can support the family for a while. That's what I did. It proved valuable when I was shutdown the entire month of April. Her job was essential and she didn't lose hours. Her income kept us afloat and I had cash in my reserves to still pay myself a smaller salary and put over $4000 of work into the truck.

 

Be prepared to deal with a lot of deferred maintenance issues if you buy a used truck from a big trucking company.

They buy new, and run the trucks with as little maintenance as they can get away with, then sell it to us suckers with 50-100k factory warranty miles left on them. About the time the warranty expires, the problems begin.

Not saying you can't make a living in a used mega truck, but don't expect it to run as well as the new trucks you drove as a company driver.

 

That's great until she boots your worthless ### out the door,,