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Owner operator worth it

Discussion in 'Ask An Owner Operator' started by Tibbigt, Oct 16, 2015.

Page 3 of 10
  1. Oct 16, 2015 #21
    DUNE-T

    DUNE-T Road Train Member

    7,021
    17,080
    May 10, 2015
    Detroit, MI
    0
    Insurance for your first year including truck, payment and trailer will be at least 12k, other than that your numbers look ok if you get the right truck. Buy a crappy one and you can go broke. Also, get s Cdl yourself, just in case you have to rescue the truck or load if your brother gets sick or something like that
     
    DUNE-T, Oct 16, 2015
    DUNE-T, Oct 16, 2015
    #21
    Tibbigt Thanks this.
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  3. Oct 16, 2015 #22
    Tibbigt

    Tibbigt Bobtail Member

    32
    1
    Oct 16, 2015
    0
    I'm looking into spending 39k for a truck is my hope. No trailer for at least the first 5yrs.
     
    Tibbigt, Oct 16, 2015
    Tibbigt, Oct 16, 2015
    #22
  4. Oct 16, 2015 #23
    Tibbigt

    Tibbigt Bobtail Member

    32
    1
    Oct 16, 2015
    0
    Like I said I am new to this and need to know if my truck grosses 4-4800 a week is it possible for me to profit 1000 of that every week baring no break downs not spending the money saving every penny till atleast 30,000 is saved.

    I just need input in the possibility of making money after all expenses are paid. I know things happen and money gets spend but on good weeks if I can profit 1000 a week I don't see how or why I shouldn't do this. Again not planning on spending any profit on a pay check to my self
     
    Tibbigt, Oct 16, 2015
    Tibbigt, Oct 16, 2015
    #23
  5. Oct 16, 2015 #24
    bigguns

    bigguns Road Train Member

    2,846
    6,854
    Jun 13, 2013
    Omega,GA
    0
    I want to see a man who can run 4,000 miles per week and do it legally. Then top it off by doing it every week. I am very leery of that statement. This may work out but it could just as easily sour and cause some serious family problems. It sounds to me as if you will be supporting your brother in a difficult business environment. Just my opinion.
     
    bigguns, Oct 16, 2015
    bigguns, Oct 16, 2015
    #24
    TripleSix and Ruthless Thank this.
  7. Oct 16, 2015 #25
    UberHammer

    UberHammer Bobtail Member

    9
    24
    Sep 11, 2015
    0
    You want a $41,200 annual return on a $39,000 investment.

    That would be awesome!!!

    But if it was that easy, everyone would do it.
     
    UberHammer, Oct 16, 2015
    UberHammer, Oct 16, 2015
    #25
    alien4fish and double yellow Thank this.
  8. Oct 16, 2015 #26
    thelushlarry

    thelushlarry Road Train Member

    3,023
    9,002
    Jan 9, 2012
    glasgow ky
    0
    It is so easy a caveman can do it!
     
    thelushlarry, Oct 16, 2015
    thelushlarry, Oct 16, 2015
    #26
    UberHammer Thanks this.
  9. Oct 16, 2015 #27
    Tibbigt

    Tibbigt Bobtail Member

    32
    1
    Oct 16, 2015
    0
    I averaged it out at 4000 like around 3750 and what's legal? U can make money running legal? No offense
     
    Tibbigt, Oct 16, 2015
    Tibbigt, Oct 16, 2015
    #27
  10. Oct 16, 2015 #28
    Tibbigt

    Tibbigt Bobtail Member

    32
    1
    Oct 16, 2015
    0
    Once again helpful comments would be greatly appreciated. So what ur saying is if I buy a 5000 truck expect 5000 return? I think not yes I am spending 30k and expect 40k. Am I saying its possible no I am here to get help from HELPFUL ppl to see if my numbers are possible.

    I know this isn't a get rich job I am trying to help my brother out in return if I can profit and keep growing isn't that the dream?
     
    Tibbigt, Oct 16, 2015
    Tibbigt, Oct 16, 2015
    #28
  11. Oct 16, 2015 #29
    Tibbigt

    Tibbigt Bobtail Member

    32
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    Oct 16, 2015
    0
    So ur saying check into geico for insurance rates? Thanks for the not so helpful comment.
     
    Tibbigt, Oct 16, 2015
    Tibbigt, Oct 16, 2015
    #29
  12. Oct 16, 2015 #30
    icepick

    icepick Light Load Member

    68
    65
    Jan 25, 2015
    Pa.
    0
     
    icepick, Oct 16, 2015
    icepick, Oct 16, 2015
    #30
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