Waiting on New Trucks thread.

Huh? No Habla'....No Comprende'....

 

Only because I track my proceeds and expenses correctly, I know exactly what I am talking about.
It is about buying a truck for $200 000 at 9% financing and running it on a spot market.
I say with 100% conviction that it is a catastrophic proposition and nobody will convince me that there is enough potential for long enough to make it worthwhile.
If someone wants to be enslaved to the truck, they can have it but I say with 100% conviction that it will take too much effort and sacrifice - not to the benefit of the family - but the bank owning a truck. Unless, owning is the goal in itself, which for some it may be.
I personally detest the idea. I'd rather own a bunch of horses.

To prove it otherwise, you would need to buy a new truck, drive it at least for a couple years and show how all those TQLs were treating you, how many miles you had cover, how many days you had to spend on the road and what your rewards were for that. But you are not in a position to do that.
I see people around here, first ecstatic about how they $10k-15k per week for a few months and later they get quiet and disappear completely. $2 per mile is the prevailing theme in the threads today. I would not want encourage people into getting a financial burden that equals a a solid mortgage and then a few months later, after the rates went to the toilet, tell them that the party was over and that they are pretty much screwed.

 

I would bet you have some business background which enables you know your numbers and to make smart load decisions.
So many don't have that background or thought process which in turn is harmful to the market. I would bet that over 60 percent run for cashflow.

Even the Youtube supertruckers like Justruckin state how great it is to factor loads to get paid fast.....

 

Pirpitii. Carrapitti. Pippi ritti.
Pupa upa dupa cipppa kupa?!
Hugh?
Hugh?
Hugh!?

 

Worn out trucks are where the money is.

 

Money is where it is. Blessed are those who know. I admire them wholeheartedly. It is a common knowledge, however, that the whereabouts of the money is not so easy to know for too many but to control and predict the overhead costs before embarking on a golden goose hunt, should come first.
New trucks only for those who know where the money is.

And the key of survival on the load board freight is the cost -side control.

 

I don’t know where the money is. I’m just a fake o/o leased to a company, a glorified company driver, if you will. I just know from experience that my ‘17 was, and my ‘22 is, considerably cheaper to run in the long run than the ‘03 and the ‘95 that I had.

Current maintenance costs for this year since the truck was put on the road mid-January (115k miles so far) consists of new steer tires, one new steer axle shock (they would only warranty the one that was leaking oil and I wanted both replaced), two PM services, and purchasing and having the lights under the cab and sleeper installed. A far cry from the years of $20-30k maintenance costs.

 

Sorry but I’m in the keeping old iron around club. Wife , trucks ,bikes etc. But I must admit it doesn’t seem feasible with the new breed of trucks.

A few guys around me are on the new truck every 3 years they don’t even buy extended warranty and barely change the oil……. We shall see how they make out in the long run….

 

30k per year is 2500 per month. Probably break even on a paid for truck.........until depreciation is factored in. The tax advantage on new is probably the biggest factor.

Edit to add: Downtime might be a toss-up. Some of the stories one hears suggest that new trucks can be down for weeks waiting on parts, while older trucks can typically be repaired relatively quickly. I suspect that is a temporary situation though as surely the parts inventory should be catching up.