Becoming an O/O

Discussion in 'Ask An Owner Operator' started by TarnishedSoul, Jan 10, 2023.

  1. NorthEastTrucker

    NorthEastTrucker Heavy Load Member

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    Not to sure what Peterbilt dealer you spoke to but it's really about the Dealer themselves. Some want to help you out whiles others might not care much because there is a abundance of buyers and not much inventory in stock (Supply & Demand) similar to when I purchased one last summer. It basically comes down to you credit rating. A 800 plus becon score can almost guarantee you that sale because the salesman wants to make money.

    It's good to gain experience of course and owning a used truck is something I would recommend once you can take it to a good mechanic to check out 1st. However, new comes with a warranty but in case things go south have a $60k bank retainer/reserve (payments) for any issues when you choose that route.
     
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  3. Ridgeline

    Ridgeline Road Train Member

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    DO NOT do lease purchase unless you have the ability to take the truck to another carrier.
     
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  4. Old_n_gray

    Old_n_gray Road Train Member

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    Finders fee? Nice truck.
     
  5. Old_n_gray

    Old_n_gray Road Train Member

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    Don't lease purchase!
     
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  6. ducnut

    ducnut Road Train Member

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    Pretty sure, you guys are out of the OP’s loop. ;)
     
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  7. Old_n_gray

    Old_n_gray Road Train Member

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    Yup, just trying to be helpful
     
  8. ducnut

    ducnut Road Train Member

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    If the truck has been good to you, fuel mileages well, and purchasing it would be a seamless deal, that might be the best option.

    I’ve driven a past 579, currently in a T680, buddy has been in a 579 for 450K miles, past and current employers have PACCAR stuff. I wouldn’t buy one before buying a Cascadia. Freightliner has reliability, fuel mileages really well, Detroit engine, according to O/O’s parts availability is good, they drive well, you’re familiar with that truck. KW or Pete is going to be a PACCAR MX13 or Cummins X15 and both have known issues. As a whole, they have a myriad of sensor issues, throughout. I run mostly <5K pound loads and 8.4mpg is all it’ll do, with a couple high-8’s and low-9’s, which were anomalies. There is a PACCAR premium on everything. I don’t feel like the driving experience is anything special and not worth the premium.

    However, if you’re dead-set on a Pete, have a look around PACCAR Financial’s website. There may be relevant info and phone numbers (I haven’t looked). Going through them “should” be easier, because if you get into a bind and are done, you can just drop off the truck at a dealer versus how a local bank would view getting stuck with a semi truck.

    You might start compiling a “black book” of transportation people you come in contact with, while still where you’re at. It’s always good to have people in traffic depts, agents, brokers, etc, for future use.
     
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  9. ducnut

    ducnut Road Train Member

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    She’s already in a L/P and looking to transition into full-ownership.
     
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  10. OLDSKOOLERnWV

    OLDSKOOLERnWV Captain Redbeard

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    Guess you could do what I did……:rolleyes::)

    3E0C4BE7-E5D8-4FFA-ACE1-700CB47B02CD.png
     
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  11. Todd727

    Todd727 Medium Load Member

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    But, the alternative is that you walk away from everything you've already invested. You should look at what the buy-out is and compare that to what the truck is worth. You are going to have a lot of other expenses initially. Might be better to get started and after you see how it's working out, you could consider selling the truck and getting something closer to what you want. You may also find that your truck is working out perfectly and there is no reason to invest in a new truck.
     
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