New to trucking, just purchased my first truck, advice please?

Discussion in 'Ask An Owner Operator' started by Lgaff, Nov 11, 2021.

  1. Pamela1990

    Pamela1990 Road Train Member

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    You left out an important piece of the equation, what are you paying your driver? What does he/she have to say when asked why the truck is parked so much? I drive for my dad, he pays me hourly, I make good money, and dad still makes a lot even after paying me. Guarantee that if he wasn't making good money, the truck would be parked.
     
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  3. Lgaff

    Lgaff Bobtail Member

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    Well I think she is running about nine trucks, so 25% out of nine trucks... Yeah she's definitely doing better than me LOL.
    I was roped into this business by being led to believe that this was going to generate passive income. Not with the goal of being rich, cuz I know that's not going to happen. But generating extra money as a side hustle. So far it's just cost me money I am paying my truck payment and fuel costs out of my personal account. And my truck payment is my entire month salary at my job pretty much.
     
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  4. pumpkinishere

    pumpkinishere Heavy Load Member

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    I’d say it’s time to take your truck somewhere else. You haven’t answered the question about what you pay the driver. If you pay decent you can always find a driver. And still be able to make money too.
     
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  5. Lgaff

    Lgaff Bobtail Member

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    Sorry, it's 20% to the driver
     
  6. pumpkinishere

    pumpkinishere Heavy Load Member

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    Sounds like you won’t last much longer at the rate you are going. First thing find a driver who your truck won’t be sitting for days. Then take your truck to a bigger carrier, Chinatown a member on here is someone to talk to about where to go.
     
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  7. skallagrime

    skallagrime Road Train Member

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    What kinda low wage burger flipping job do you have that a truck payment is the entire payment? And who talked you into this boneheaded move?
    Have you ever been in business before? 90% fail in 5 years. passive income is a ridiculous proposition outside stock market averages and established buisnesses

    Got your hands on a 200k truck?

    You bought the peak, sell before its at the trough
     
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  8. Lgaff

    Lgaff Bobtail Member

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    LOL i'm a horticulturist.
    No I've never been in business. I went into business with a friend originally and went halves on a truck and he burned off in the truck basically and did not pay me for my initial investment. I have no legal recourse because he was my friend, so I didn't get a contract (dumb, i know)
    Second try I went with my sister. Basically I've just spent all of my life savings on a pipe dream. ‍♀️
    Some people are meant to make it & the rest of us are doomed to struggle & scrape i guess. Creator did not bless me with a business mind I suppose
     
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  9. streetglider

    streetglider Medium Load Member

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    She gonna run her trucks first. Pay her bills
     
  10. streetglider

    streetglider Medium Load Member

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    Its hard to make money with 1 truck and another driver.
     
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  11. N00bLaLoosh

    N00bLaLoosh Road Train Member

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    What make and model is the truck and who are you buying it from?
     
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