Buying first truck

Discussion in 'Ask An Owner Operator' started by cgc4200, Jun 8, 2010.

  1. outerspacehillbilly

    outerspacehillbilly "Instigator of the Legend"

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    8.9% really isn't bad at all for a first time truck buyer. You'll be hard pressed to beat that rate. Good luck to you though and hopefully you can.
     
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  3. milskired

    milskired Road Train Member

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    If they actually stand behind that warranty and give it to you hassle free when something goes wrong I agree that is hard to beat. 200K!!! Nice so what you can have that truck under warranty for about 16 months or so.
     
  4. cgc4200

    cgc4200 Bobtail Member

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    starting to get excited. The container co hauling out of port of Houston is no longer on the table. It won't be profitable so out it goes. Applying to a local oilfield trucking company that runs owner operators and hoping to hear back something by Wednesday. These hands are earning upwards of $2.35 a mile and making some really nice change after fuel and expenses. Talked to MHC Dallas and dropped the Stevens and now looking at an Arrow trade in set up for flat bedding with headache rack. Truck qualifies for same financing as Stevens deal but is a T600 midroof and even has less miles at around 398,000. Nice tool boxes also. Feel like it's finally coming together. It's just easier to get home in this area if you are hauling equipment and the freight rates are much nicer.
     
  5. javelinjeff

    javelinjeff Medium Load Member

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    before you run out and buy a truck,,,,go see a therapist and determine if you have not lost your mind. through a series of breakdowns and bad timing of expenses, I've lost 2 trucks in 7 months,,remember that in order to make a small pile of money in trucking,you must first start out with a big pile of money
     
  6. Dryver

    Dryver Road Train Member

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    No doubt having some money behind you will help for the rainy days. Buy the newest truck you can with the best warranty. Crossing your fingers that the truck will not fail is never going to work. They all breakdown, its what you have planned to fix it that will keep you rolling.
     
  7. cgc4200

    cgc4200 Bobtail Member

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    Thanks Dryver, I agree with you. I'm not buying a new truck, but not buying a $15,000 one with plans of working on it myself either. For me I feel more comfortable with a truck in the 400,000 mile range and a good warranty. I want to be able to run the miles. I've got a SB loan approved for some startup cash through my credit union and feel like things are coming togther. Located a company locally with 60 years in the oilfield and some high payin' freight. They are very busy and all sign point to getting busier. Lots of pipe and equipment to be hauled. This next week should be a good one as far as getting the process moving.
     
  8. Dryver

    Dryver Road Train Member

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    All the best to you, If you succeed then a lot of truckers will say you were just lucky. I think the saying goes that being lucky is directly related to planning and hard work.
     
    cgc4200 Thanks this.
  9. cgc4200

    cgc4200 Bobtail Member

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    Here's sort of a new question. On these trucks with 1.1 or 1.2 million miles and 300,000 on the overhaul, does the overhauled motor typically get another 800,000 as the original motor?
     
  10. milskired

    milskired Road Train Member

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    if its an inframe then yes I dont see why it wouldnt. But with that many miles on them you have to think about the whole drive line. Trans, clutch, rear ends and everything on the motor. They may of replaced the bearings inside the motor and rebuilt the head and put new jakes in but what about the injectors, turbo, waterpump, air compressor, injector pump and all the other accesories. Just keep in mind if you blow your turbo on say a 3406 I want to say it is a S400 B/W brand turbo. That will cost you in the range of 1500+ for a new one. An injector pump if the truck has one not a HEUI system like new Cats do that will cost you between 5 and 10Gs. Gotta know what all has been replaced along with the engine being overhauled and if it was an inframe.
     
  11. cgc4200

    cgc4200 Bobtail Member

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    Still haven't bought a truck but should be soon. One of the salesman I am dealing with has warned me about the C-15 Cats saying most are unhappy with it due to poor mpg and problems. I've driven Detroits so long I hadn't heard this I thought they were supposed to be the stuff. Does anyone agree the twin turbo cats after '05 are a problem?
     
    Seguy Thanks this.
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