Okay, so I bought a used truck from Crete Carrier.

Your original post on this subject did not give any specific price quote. Only % above market value. You are correct that $40k is 150% higher than $25k, just as I pointed out in my reply.

Looking at THE TRUCK PAPER reveals that '06 - '07 Centry Class are indeed priced in the $35k +/- range. So I think you and your friend should do more CURRENT price shopping.

Spunky out.

 

RedBeard, Thanks for the info on what they provide. That will give him a little something to compare altthough I think he is done with Shafer. This whole thing put a very bad taste in his mouth.

The price you paid for what the had then seemed fair. It seems that maybe they are seeing they can get a little more from the driver these days with miles increasing and people feeling more comfortble. I know the report coming out of the CTA (that Crete is a part of) states that L/P programs are picking up and the drop rate is down. Plus side for you guys, Crete has one of the highest completion rates.

However, if I wanted I could go to truck paper and find an '06 Century for $45k.

But, I can also go to the truck paper and find over 25 under $30k. Selcet truck does not impress me. Not over the top on price but you are looking at the higher end.

Anyway, wish he could get online and provide you with more details. His mother board fried a couple months ago and he has been on a mission to save he 10k so that he buy a truck.

 

I just took a peek at the truckpaperdotcom...the '06 naked tank former Crete's avg $28-32k, the '07s were from $38-40k...so Crete's price isn't too far off.

And by the way, not to start this debate again, it's a straight out purchase, not a lease purchase..if you call this a lease-purchase...you may as well call buying a truck from Selectrucks or Arrow sales(or JD's pawn and gun, bait/tackle, pharmaceutical outlet, adult gift store, cigarette outlet and truck sales) a lease purchase...since you are doing essentially the same thing...purchasing a truck, and leasing your business (truck and driving) to a company... the only difference is since Crete financed the purchase(and are taking the risk of your success or failure) they require you to stay here... with outside financing you have to either have your own authority, or have a lease agreement with a company before most will finance you...I've done both...1st truck was through Arnold Transportation...the second through Freightliner...Both had restrictions and qualifications for financing.

 

In fairness, we are talking about 5+ year old Century's with 500k+ miles. The price you paid and years would compare today to an '07 and that price is fair. Actually better than fair.

I have a question - why does your company buy these trucks without the fairings? At a truck show talking to the International rep I was asking him about prices with and without fairings. He said that they only sell them without to fleet accounts.

 

Our trucks are selling like hotcakes...When I was up there in Lincoln, there was a bunch of red trucks, cleaned and polished, and re-decaled (including truck number) to another company. And there was one driver that had just dropped off his truck because it was sold out from under him...and he was unloading his stuff into a rental car to drive to the K/C terminal to pick up a used truck...and he wasn't too happy about it since he ran hard enough over the last 3 or 4 years to deserve a new one.

 

owning a truck and leasing to a company IS being an owner operator.

having your authority and being "independant" makes you a carrier. thats why they call it Motor Carrier Authority