Should I sell my truck?

Here's your 5 minute MBA class. A truck is an asset. A parked truck is a wasting asset (ie. it costs you money to maintain and generates NO REVENUE). If you park the truck for a year it will cost you money to get it road-worthy again, less if you park it under a cover to keep it out of the elements, but that'll probably cost you too. Your best option is to sell the truck, especially when the truck market is strong like it is NOW, put the money in your bank, in your IRA or in your sock. Your costs are zero and you will earn interest on your money. If you decide to purchase a different truck in the future the truck market will probably be weaker than it is now (more truck for less money), you'll have more money in your truck fund after a year of interest, and you may have other funds socked away after working for a year. You may be able to buy TWO trucks by then.

I get it, it's your, "first truck", you're emotionally attached. It's quite an achievement to own your own truck, especially at your age. If you ever want to run your own fleet of trucks you'll learn trucks come and go. Keep a copy of the title when you sell it so you can track it down and buy it back later like Papa John. Trucks cost money. Houses cost money. Ex-wives cost money. As a man and as a business owner you're going to learn that your only friend in this world is cash in the bank.

 

Go on you own, you will have to buy your own trailer, so that problem is solved and no broker will ever lie to you so that problem is solved. Life will be unicorns and rainbows from now on.

 

look to be honest, your problem with landstar isn’t with landstar, it is with the agents. You missed the point there is need to understand why you have an “no haul” list and stick agents on it. You should know how to network with others who can guide you to find the right agents to get you good work.

 

OP, I'll admit I didn't read all the responses.

However, if you haven't done so, you might want to check with a tax professional on what the tax consequences/liability will be if you sell the truck.

Just to make sure you cover any unexpected tax owed.

 

If I were in your shoes I'd keep the truck just to show off to girls. Money well spent.

You have a backup plan for life in that company driver job. Do you want to keep trucking or use the engineering degree? That seems like the root question.

 

Welp, I'm gonna say sell it. Sounds like you have a good company you are happy with if you decide to stay driving. Honestly it sounds like you weren't ment to be a O/O. Not ment to be insulting, some people are just not ment to be O/Os and some people just don't do well at Landstar.

 

Ability to show off to girls = Priceless