Buying a truck with no driving experience

Discussion in 'Ask An Owner Operator' started by Diligent_Transport, May 7, 2022.

  1. Semi Disturbed

    Semi Disturbed Bobtail Member

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    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.
     
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  3. simpatico

    simpatico Light Load Member

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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 luck
     
    Last edited: May 7, 2022
  4. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

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    Go lease on with Landstar. Everyone else that’s new seems to go that route….. goodluck
     
  5. Trucker61016

    Trucker61016 Road Train Member

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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??
     
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  6. Siinman

    Siinman Road Train Member

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    I had no problem getting a truck right after I got my CDL. Go to a dealer and they should be able to get you financing. Trailer on the other hand was a nightmare. So make sure you have cash for trailer or can rent one.
     
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  7. Tug Toy

    Tug Toy Road Train Member

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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.
     
  8. Ridgeline

    Ridgeline Road Train Member

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    OK lets start with the $42k, that's not enough!

    $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.
     
  9. Tigerfishinc

    Tigerfishinc Light Load Member

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    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 out
     
  10. haycarter

    haycarter Road Train Member

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    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...!!
     
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  11. Lennythedriver

    Lennythedriver Road Train Member

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    When you come on here and tell us what you don’t want to hear, what you’re really saying is, “tell me only what I want to hear“. And you’re not gonna get that. You said if you fail, it’s on you, well Vegas was taking money on you, I would put 99 to 1 odds that you will fail. Especially in the current market. When I first got into driving I used to think just like you. Nobody’s more confident in myself than me. After being out here for four years, I won’t do it. For a number of reasons. for starters, $100,000 truck is going to get you one that three years ago probably cost about $30,000. And it is going to break down, a lot.

    it’s your money and your life.
     
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