Business Dilema

Discussion in 'Ask An Owner Operator' started by Sc2007, Feb 20, 2016.

  1. Sc2007

    Sc2007 Bobtail Member

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    Yeah that's pretty heavy. Certainly a lot heavier than mine. I'm not too familiar with hauling in the states I know you folks have the drop axles and what not.

    Up here the best combo is lightest truck with the most power. Simply because we haul 140000 to 143000 lbs. It'd the preferred combination.
     
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  3. cnsper

    cnsper Road Train Member

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    Well the heaviest that I have grossed is 210,000 pounds with that truck but being what and where you are going to haul, you will be limited to 105,500 gross in Idaho and Washington and 130k gross in Montana. You did say something about going to Tacoma right?
     
  4. Sc2007

    Sc2007 Bobtail Member

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    Yes. Mostly Tacoma. Possibly down into Oregon. But... My company also hauls BC/AB.

    So the most I'll haul is 143k in Canada and like you said 130k in the States. But I don't want to limit my options. I might go down to texas for some very well paid glass runs. I don't think those are super-b runs because as I knew it, only WA, OR and AZ allow b-trains.

    I suspect my new employer wants the lightest truck possible for that glass run.

    Regardless... I know I can get by with the rig I have the issue is the financial aspects and burdens of the move. The weight issue is important but it's also secondary. Another reason on the pros side of switching trucks.

    The lighter truck would allow me different haul options that much is true.
     
    Last edited: Feb 22, 2016
  5. Oscar the KW

    Oscar the KW Going Tarpless

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    You're robbing from Peter to pay Paul. This whole deal really doesn't have much to do with what your current truck weighs, but the fact that you can't make the payment on it this month. Call the bank and tell them that you made a poor business decision by staying with the company you are leased to, tell them that you are up against a wall and need to make a change, and that it would be a great benefit if you could defer this months payment. Just remember, you CAN'T borrow your way out of debt.
     
  6. Sc2007

    Sc2007 Bobtail Member

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    No I disagree. With a ton of what you said. I do agree with the fact that the weight is a secondary issue. It would open up possibilities tho.

    With my current employer, I do make all my bills. Truck runs well but it will break down eventually. It would be a bad business decision to stay and wait for the situation to get so bad I can't get out of.
    I've explored and exhausted all avenues with the leasing company and they literally told me to miss the payments, make the move and take the penalty. The leasing company is unwilling to do ANYTHING for me. Unacceptable.

    I didn't make any poor business decisions just yet for I didn't decided to collapse the economy. I think you are incredibly ignorant of the current situation in Alberta.

    It wasn't my choice to loose 70% of my net income.

    I do thank you for your particularly narrow sighted opinion tho. It has indeed shed light on what I must do. However walk a mile in my shoes.

    You have suggest not to do it, but what viable option do I have? I haven't really heard any constructive suggestions from you.

    I'm interested to know how you'd get out of this situation. Take in consideration everything I have posted so far.

    Of the few things in business I know this. Sometimes you have to spend money to make money.

    Right now I'm not robbing Peter to Pay Paul. But I would should I take your advice. I'd have to pay my truck off my visa and credit line if I want to avoid missing payments.

    "When people are greedy be fearful, but when people are fearful, be greedy " - Warren Buffet
     
    Last edited: Feb 22, 2016
  7. rank

    rank Road Train Member

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    I'm still wondering why you have to sink so much money into a 2011 model. Did you give my post above any consideration?
     
  8. Sc2007

    Sc2007 Bobtail Member

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    I'm sorry I may have missed it. I'll go back and check. Right now with the low Canadian dollar, new trucks are over 200k. So used trucks are in high demand and their prices are up as well.
     
  9. Sc2007

    Sc2007 Bobtail Member

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    I haven't yet bought the, 80k truck. That's the dilemma I'm facing. I would make it work. Now I can't really find anything older and cheaper with a fresh rebuild in BC / AB and then there's the question of reliability. Engine rebuild sure what about everything else?
     
  10. Oscar the KW

    Oscar the KW Going Tarpless

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    Buying a different truck won't change that, fact is any and every truck will at some point break down.
    It sounds to me like you are already very near that point.
    I would do that then, borrowing another $20k to avoid what they are telling you to do makes less sense to me.
    I might be, but don't think I am. The economy that you are dealing with up there is really no different than the one we are dealing with here in the US. It's tough right now, there's lots of people on both sides of the border going thru the same thing you are. The decisions that you, myself and many others make in the coming days/weeks and months will decide if we are still here when things get better.
    Might want to go back and re-read what I have posted then, its all been constructive.
    I have taken everything into consideration, If I were in your shoes I would keep the truck you have, cancel your lease that you have now and put the truck on with something that I felt was a more viable option. To stay where you are sounds like a sure way to bankruptcy.
    Here's something else you should learn to know about business. "Spending money to make more money" is not always a smart thing to do. Look how many companies have cancelled orders on new trucks and trailers. Some times the saying needs to be, "save money to make money."

    I think that you have your mind made up that borrowing more money in a bad economy on an unknown truck is the key to survival, and that you are here looking for someone to bolster your thoughts so that you feel you are going to make the right decision.
     
  11. Sc2007

    Sc2007 Bobtail Member

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    Non cancelable lease agreement.

    NOT an option
     
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