Desperate Times Call for Desperate Measures

I saw a similar setup like that, but was actually set up for 4 cars.. lol It was set up almost like a Kaufman 4 car.. 2 up top with the ramp that drops then one on the bottom and a wheel lifit on the back to drag the 4th.. lol It was an older C60 chevy truck. It was on facebook market place somewhere in Ohio I think.. like a 1980's or 70's truck.

 

After expenses is called “net”

before expenses is called “gross “

not just in trucking but in any business .
It’s basic accounting .

 

I was curious, my old coworker never grasped the difference and used them interchangeably. Drove me insane trying to explain him.

 

I thought everybody around here understood that what the truck "grosses" is the big number before any expenses or taxes are accounted for. It's roughly the equivalent of your gross weekly pay on a W-2 paycheck before anything is deducted or withheld.

 

Wait till you ask a co worker how much they paid in income tax last year and they reply : “ nothing , I got money back “

or try explaining to them that they are paying 12% for social security but the fedgov requires the employer to yank 6% before the employee ever sees it .

then if you want a real challenge try explaining to them how compound interest works.
And why borrowing money for anything except real estate is super stupid .

 

Money and taxes is a game not everybody has to understand in detail to get through life...but it helps if you know some about it.

Borrowing money for real-estate is also a bad idea IMO if you have to extend the terms out to 30 years. 15 year payment or you can't afford it, and it will save you tons in interest in the long run. You basically pay for the house twice letting a 30 year mortgage run it's course.

 

I would say if they had to make a lot of permanent alterations to the frame (drilling holes, welding, etc) then it might be best just to leave the haul and tow bed on there and sell it as is. Those types of trucks in basically turn-key condition are hot commodities and sell fast, and right now equipment prices are still ridiculously high. You could do very well on the sale of that truck before the market tanks and takes used equipment prices down with it. Then you could sit on your money and buy a Sun Country and some dime-a-dozen tractor for a steal of a price when the market goes bad. If you want to stay in trucking of course.

 

Even at 30 year , it’s still cheaper than rent . You either have to rent the House or rent the money to buy the house .

Rent ALWAYS always , goes up , but unless you’re dumb enough to get a variable interest rate loan , your payment stays the same for the term of the loan .


Life is a lot harder if you can’t be bothered with learning basic financial skills.

you don’t need to be a fancy tax accountant but you need to be able to understand interest and inflation , the time value of money , know the difference between an investment and an expense etc
Need to know how vehicles depreciate like a rock while other items like ore 63 silver coins , vintage cars , and real estate go up in value long term instead of down .

As bad as the recent inflation has been , there is some much worse inflation coming someday. The fedgov borrows 52% of what they spend every year and that’s mathematically unsustainable.
The only solution is stop spending or keep inventing and printing money to pay for it and some day in the not too distant future the dollar will lose what little value it has left.

we all know congress will never stop spending to buy votes so printing is what’s gonna happen .
Items with actual intrinsic value is the only place to park your extra money long term .

 

How much worse you think you would be doing with a non-CDL setup? About the only wedge trailer Kaufman makes that would keep me under CDL territory is the 35 ft two car with a 12k GVWR. (A 14k trailer puts me at 26,500 with my truck's 12.5k rating). That trailer can't weigh more than 5000 empty I would assume, so two 3500 lbs cars would be about the limit. It has a pair of 7k axles so they must purposely de-rate those for non-CDL haulers.