Howdy drivers,
I'm planning to buy a truck and trailer and get into the O/O business after I get out of the army next year. I would like your opinions on what type of trailer would be the best, and most versatile. I'm thinking a flatbed, but what type, is any brand better than the others, is it better to buy new or am I okay going with a used one in good shape, etc? I appreciate the advice in advance - all of my civilian driving experience was with van trailers, so I'm a flatbed rookie.
Best trailer for Owner/operator?
Discussion in 'Ask An Owner Operator' started by AKsoldier, Jul 11, 2012.
Page 1 of 2
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
That is a loaded question. Everyone has a preference and everyone is probably different. Utility makes a good flatbed and they are easy to find parts for. Starting out I would go with a used trailer. Get checked out thoroughly....brakes, drums, air or leaf spring (another debate on which is better), wiring, etc. Keep your cost down starting up, you can always get new when your up and running and know what your financial status will be. Good luck!
AKsoldier Thanks this. -
Buy a used truck and trailer, starting out you do not want the overhead of new equipment. I have been an owner op for twelve years and have never bought a new truck or trailer. With the price of new trucks there is no reason in the world to spend that kind of money with the poor rates we are seeing today. As far as brands, everyone one is going to have a different opinion there. I like Fontaine myself. I think the key to buying used equipment is to find someone that is wanting to get out of the business and buy their well maintained truck or trailer.
AKsoldier Thanks this. -
I appreciated the info! I have already decided to go used with the truck. I plan to use the VA business loan to get started, and I don't want to borrow more than $100K. That will include my price cap of $50K for the truck, and the rest will be for the trailer and money in the bank to cover fuel, maintenance, insurance etc. until I get some good loads going and start getting paid. I was looking through some trailers for sale on trucktrader.com, just to get an idea on price. There was an aluminum 09 flatbed with air bag suspension, and it said tires and brakes are both 100%. The pics looked very clean - almost new. Price was $23K. There were a few others a bit cheaper but also in decent shape. Now I have a little better idea of what to look for. Parts availability is definitely a plus - I plan to handle the majority of the maintenance myself.
-
First off, thanks for serving! To me, you raise a big red flag when you say you are going to get a VA business loan for $100K. This is not the industry to start out that deep in debt, lacking experience and in an economy that is projected to slow through 3rd or 4th quarter this year. I admire what you want to do but if you don't have the cash saved up to jump in without debt, PLEASE hire on with someone to learn the business for a year or two.
AKsoldier, Support81, camaro68 and 1 other person Thank this. -
I agree don't get in with 100k of debt . Unless you got customers because if you are planning on running the load boards and you are borrowing your operating capital it's a set up for failure
My advise get a used truck - lease on to a company ( your choice of who ) learn the business sector you choose be it Flats , Vans, etc give it a year pay your truck off if you can in that time and then look at possibly buying a trailer and going more advanced in your business -
Thanks gents. I gotta say I do not want to lease to any company, simply because I want to be the one in control of my schedule. I realize there may be a few companies I could lease on with where that would be possible, but from what I've read those are hard to find. I thought I was being conservative with the 100K loan, since I've read about O/O starting out with a new truck, which by itself is more than that. You've both given me some food for thought here though. The last thing I want is to get in over my head. Are there lease companies where I can get a decent mileage pay? I dislike the thought of being forced to run constantly with little or no home time just to stay afloat. I have a pretty business savvy wife who is already researching the load boards. She'll be my "broker" while I handle the loads. I'll keep an open mind though - I learn quickly and work hard. I WILL make this work. I just need to be sure I'm getting started the right way.
-
yes there absolutely right I myself did a lease purchase just to learn the business I was fortunate i was able to get out before the debts piled up too high i was saved by 2 factors first being i blew my engine they was gonna give me a new truck but i no longer needed the lease my dad passed away and i inherited a lot of money. so now knowing my money wont last forever have decided to start my own company. no loans no debt all bills paid for a year i might actually stand a chance ive already bought a used truck got a good deal on it bought a 2006 KW T2000 13 speed in perfect working order truck looks brand new it was well kept only spent $22,500 i am also buying used reefer trailer. gonna spend about 10k on one then im putting 10k up for maintenance and .20 cents a mile after that. $8200 a year on insurance. i wont have any bills due for a year the only thing ill have is fuel costs. there isn't a lot of money in trucking with rising fuel costs and low freight rates i want to grow the company possibly buy more trucks down the road so i have to cut myself a salary .30 cents a mile rest goes to company.
if you take a loan you will not be able to pay it back you will lose big after doing the math having everything paid for doesn't leave much left for paying back loans -
CRST malone is a good place to start. You choose your own loads. You choose when you go home. Hey don't ever force anything upon you. Pm me in you want more info. Include phone number. I would rather call than type on phone
AKsoldier Thanks this. -
Thanks stroker Jeep - I sent you a PM.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 2