Buying a new truck this week, should i buy new or used?

Discussion in 'Canadian Truckers Forum' started by Basic, Jun 20, 2013.

  1. JayTee

    JayTee Light Load Member

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    Yessir! And one quick squirt on the throttle and there wasn't a mosquito or black fly with 100'! :)
     
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  3. Basic

    Basic Light Load Member

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    Nov 8, 2012
    Albertuh
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    :biggrin_25514:

    @Freightnate I'll send you a PM
     
    freightnate Thanks this.
  4. Sarabeara

    Sarabeara Medium Load Member

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    You're only as old as you feel! Or, ummm - that's what I hear they say.
     
  5. JayTee

    JayTee Light Load Member

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    I've heard that too. So, I suspect that today I'm one hundred and six. :)
     
  6. freightnate

    freightnate Bobtail Member

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    Thanks for the PM Basic, I cant PM yet need to get to the magic #7 I guess:(
     
  7. Sarabeara

    Sarabeara Medium Load Member

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    well, I'll help you out! How's things going freightnate? Respond to that, and that's another notch
     
  8. Basic

    Basic Light Load Member

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    Albertuh
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    I think he's off to the races ^^
     
  9. Bubsmash

    Bubsmash Bobtail Member

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    Jul 17, 2012
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    Hey Basic I have read over this post extensively and it looks like many are giving you some great info on getting set up. I for one would like to add that I would seriously make sure that you have a good standing truck maintenance account no matter what kind of truck you end up getting yourself into.
    Yes good drivers can keep maintenance costs down but I know about some of those areas out in Swan Hills and they are not pretty. Pretty well all the trucks I was driving for a company I was pulling for came out of the Swan Hills area. I can honestly tell you I seen Peter Builts, Kenworths, Western Stars and even the Macks all older trucks shipped over to us for us to use.
    The one Peterbuilt I drove the shocks on the front end the left shock was torn off and laying down on the left leaf spring and the other right side one was munched up bad and was leaking out oil. The Macks they had there were two that were okay the other Mack personally I thought should of been out of service in due to how much free play there was on the steering wheel as well as when ever you hit a small bump in the road or you hit some wash board the whole front end would creek.
    That was the last day I drove that truck in due to how scary it was and the cab was a bit small for my liking as I am pretty tall and my legs always seemed to be hitting the dash board. The best truck I actually drove there for them was an old 98 International done up with floater tires on the back end 15 cube body job and in due to having floater tires on the back and the cookie cutter thin tires on the front it made for some funny driving.
    Anyways what I learned was no matter what kind of truck your driving I know swan hills gets very bad and it does not matter what kind of driver you are you will be fixing things so make sure you have the money to do so as well as being able to pay that account right back down.
    Your truck service account should be able to be paid down to just about nothing every month something a friend of mine that had a good logging business that ran tri drives made sure that He did every month. I just will not tell as to what happened to the truck or the story that follows him no longer being able to drive anymore.
     
    Basic Thanks this.
  10. Basic

    Basic Light Load Member

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    Albertuh
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    Yeh, I heard .07 a mile was common for highway drivers. I heard oilfield big wigs like to put aside 15%. I'm going to try 7% (+ whatever is left over from 30% of gross "other costs") and call it a rainy day account. I think it should be more than enough for a 2011 for the first 2 years at which point it will be paid off. I'm hoping 30% will cover fuel. and Ill give myself 33% dividends(and wages have to talk to an accountant). My other costs will consist of insurance, paying down the 24 month financing, repaying me for my investments, maintenance, and whatever else comes up. whatever overflows will go into rainy day account.

    Even with the tax benefits Im not sure that I will make more than I would working as a company driver. But I want this experience this and I'm willing to take the risks. But at the very least it'll motivate me to work harder so I'm sure Ill come out on top for that reason. After 2 years when the truck is paid off I can either sell it, or keep going. Either way I won't regret the experience... wish me lucks!
     
    Last edited: Jun 29, 2013
  11. freightnate

    freightnate Bobtail Member

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    Thanks!! Sorry, busy as a bee yesterday, never even looked at the computer. Hopefully making a move out west before the end of summer. Ontario is not recovering (in my opinion), lots of bad driving jobs and lots of owner operators working for next to nothing. I say this mainly about the freight industry that I am in; too much capacity chasing too little freight. And don't even get me started about the load brokers. Hanging on since everything tanked in 08, last couple been better but its leveled out or (I think) heading the other way again. Should have bailed 3 years ago and went west instead of waiting for the "recovery" the media says is happening. Oh well, live and learn, right?
     
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