Ya, uhm...I have been kinda 'out of patience' for the past ten years, I do not think I can hold out for another five. In two years, I will know wheter trucking is going to give me a nest egg or not, regarless if I O/O or not.
Frankly, in five years from this point here in time, I was planning on leaving the trucking industry with a pile of cash saved up from earnings and perhaps emmigrating to New Zealand to start up a greenhouse.
Is it worth it, finanically speaking, to O/O...???
Discussion in 'Ask An Owner Operator' started by Fiddle Sticks, Apr 1, 2013.
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drvrtech77 and superpet39 Thank this.
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Glory comes with a jobs well done. Money comes with the value you give others. ...... They seem the same dont you think.
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If a company driver wants to stop working for a few months he just packs his duffel bag and goes home. If you own your truck you have to small make the payments and pay for storage the whole time.Fiddle Sticks Thanks this. -
what gives you the idea you HAVE to have a new or almost new truck?
you can do just fine with a truck that's got 500-700K on it and cost less than a house payment. -
i have an 03 and wouldnt trade it for anything (except a rebuilt 03)
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I am contacting an Uncle who has in the past offered me a loan as a way of giving me a break. If I cannot land something decent soon, I just may purchase a car-hauling trailer (one car) and just tote cars around in with my van.
I know I will likely bank $0.60/mile after my expenses, maintenance accruals, and deadhead miles; likely $600-900/week starting out--more than I suspect I would bank at a bottom feeder.
No scales, no HOS, electronic logs, no $3k power plates, no IFTA reporting, I can take residential streets to get around traffic blocks, etc etc. Sleeping in the van is not as comfortable as a sleeper in a rig, but a benefit is that I won't be driving a 60' of 20-40 ton nowhere-to-park vehicle either.
So ya, you can 'sit-and-spin' your disgust that I contine to strive not to sign on with a bottom feeder.Last edited: Apr 3, 2013
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hey I am also looking to become an owner operator now I have looked around on the insurance is and from what I seen isyou need to have at least 1 full year of experience for them to insure you
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Actually, I got a Progressive reprentative to spend thrity-minutes with me on the phone as I was getting quotes for my van-car trailer setup. I then said, 'By the way...' and asked about quotes for a $50k rig with the minimums. This was over one month ago, but I do not recall my lack of having one-year's worth of experience being an issue.
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