I think you would have to have a lot of cash. Anything is possible.
Try the Funding Booth for financial options the guy I believe his name is Bob and seemed like a good guy giving straight answers.
Buying a truck with no driving experience
Discussion in 'Ask An Owner Operator' started by Diligent_Transport, May 7, 2022.
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Presuming you successfully procure the necessary equipment, more than likely you'll have to approach a carrier that is self-insured or take a shot at your own authority and G/L trucking insurance policy but I'm telling you even if an insurance carrier would take a chance on you, your premiums are going to be through the roof. Even the most liberal/relaxed insurance companies want at least 3 months CDL experience. I know this probably isn't what you would like to hear, and I completely understand (I too am unabashed and self-assertive in my capabilities).
Be cautious and diligent, this industry is a fast way to go broke. Good luckLast edited: May 7, 2022
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Go lease on with Landstar. Everyone else that’s new seems to go that route….. goodluck
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Is this a troll, you have no experience or clue about trucking but you think you're ready to buy a truck??
nredfor88 Thanks this. -
Trucker61016 and Tug Toy Thank this.
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Why not purchase and get financing for your truck through your other successful business you own? Companies buy semis and trailers all the time that have 0 experience in transportation. Should be a piece of cake?
Another option would be to mortgage the equity in your home? I’m not saying I agree with it but again should be easy and simple. They probably won’t even ask what the money is for.
How about buying a much less expensive truck? I paid $13k for my truck 6 years ago and am still driving it today with no plans to replace it for the next 10 years at least… don’t tell me there none available in that price range… another member on here wrecked his truck in October and found another truck for about $17k and with a little maintenance and some tires has been running with it since December. This dude has 0 mechanical skills, no tools and no real place to work on it. But he is able to leverage his attitude to get the required help. He started trucking in a pickup with 0 experience about 6 or 7 years ago too.
I see lots of options for you including the ones about getting some experience before you start on your own.zmster2033, Swine hauler, fordconvert and 6 others Thank this. -
$42k gets you a reserve and possibly a safety net of 5 months.
removing $30k of that removes the safety net completely.
Capital is the biggest problem with failed owners.bryan21384, fordconvert, JoeyJunk and 6 others Thank this. -
Assuming you know jack about trucks- Get yourself a truck through a dealer - around 300k miles for under $110k with a warranty. Dealer will hook you up with a trailer at a subsidized price.
Run east coast to west coast round trip - around $20k every 10 days on the spot market. Insurance ance should be through progressive - around $25k or under.
If you’re willing to drive and run like a dog - you’ll survive- if you chicken out - we told you so.
Go VA to Maine $2500
Maine to Laredo - around $4500
From there to northern Cali $7000
Oregon area to Nebraska's $4-5k
Back to east coast $5k
Rinse, repeat
Just an example
Knock yourself outDiligent_Transport and Trucker61016 Thank this. -
If you have a decent work ethic, reasonable Business acumen, & Access to enough Working capital to carry you for 6 Months??
You have Huge head start compared to the Average new Entrant in this Business..
Good luck...!! -
it’s your money and your life.Trucker61016, Tigerfishinc and bryan21384 Thank this.
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