Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

AM I READY YET?

Discussion in 'Trucker Taxes and Truck Financing' started by devildog3531, Apr 8, 2016.

Page 1 of 2
  1. Apr 8, 2016 #1
    devildog3531

    devildog3531 Light Load Member

    119
    31
    Jul 5, 2015
    0
    Greetings fellow drivers. Let me start by saying that I'm a 2x Iraq war vet (USMC) and a 10yr vet behind the wheel of a semi. I've been doing the L/P thing for about 4yrs now and getting pretty tired of the cpm and only run what's given to me type loads. I think I'm ready to take the next step in owning my truck out right and pick my own loads. My credit score is as follows: EQFX 697 and TRANSUNION 715. I also have approximately $15,000 loc. and $4,126.83 in savings and $750.00 a mo from VA disability. are my options? Advice from the greats that done it would be appreciated. Be safe out there to all, and God bless.
     
    devildog3531, Apr 8, 2016
    devildog3531, Apr 8, 2016
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Apr 8, 2016 #2
    MidwestResident

    MidwestResident Road Train Member

    4,321
    4,637
    Sep 20, 2012
    Wichita, KS
    0
    Go for it! Good Luck to you!

    Thank you for your service, God bless you and your family!

    God bless every American and their families! God bless the U.S.A.!
     
    Last edited: Apr 9, 2016
    MidwestResident, Apr 8, 2016
    MidwestResident, Apr 8, 2016
    #2
  4. Apr 8, 2016 #3
    379exhd

    379exhd Road Train Member

    2,925
    3,153
    Jun 25, 2012
    rolling through hell
    0
    I'm not trying to be a downer but the market is down right now rates aren't the greatest and paying a note is something I still dread every month. It may be better to hold off a little while longer and study the market more so before jumping in and buying a truck and running on your own.

    Are you planning on leasing on or getting your own authority???
     
    379exhd, Apr 8, 2016
    379exhd, Apr 8, 2016
    #3
  5. Apr 9, 2016 #4
    AshtonMarie81

    AshtonMarie81 Light Load Member

    95
    52
    Apr 2, 2016
    0
    First off, Thank you for your service, and God bless you.. Semper Fi

    I also got tired of being a company driver, and wanted my own truck. In which I'm doing just that,, I'm still gonna run for the same company but as an O/O.. big piece of the pie then cpm.. plus i can make my truck the way i want it to be,, I wish you lot of luck with your journey..
     
    AshtonMarie81, Apr 9, 2016
    AshtonMarie81, Apr 9, 2016
    #4
  7. Apr 9, 2016 #5
    8thnote

    8thnote Road Train Member

    1,980
    3,687
    Aug 12, 2013
    Chattanooga, TN
    0
    It sounds like you don't even have enough cash for a down payment, let alone a maintenance fund or money to live on until revenue starts to come in.
     
    8thnote, Apr 9, 2016
    8thnote, Apr 9, 2016
    #5
  8. Apr 9, 2016 #6
    deckeralliance

    deckeralliance Bobtail Member

    46
    21
    Apr 8, 2016
    0
    Semper fi marine! I myself recently bought a truck and started an entirely new company. I'm from IL and any cost you have to pay to the state is stupid expensive. I bought a 12 y/o truck with 750k miles and a 16 y/o trailer. They may not be the prettiest but they're solid and get the job done. All in all I have about 40k into it authority, insurance and all. Cost me about 11k down and a good small town banker. Also a good credit card with no or very low interest to cover your operating until you get revenue flowing! So you can make it work id wait at least 6 months just to get that cushion built up! Good luck leatherneck OORAH!
     
    deckeralliance, Apr 9, 2016
    deckeralliance, Apr 9, 2016
    #6
    alien4fish and AshtonMarie81 Thank this.
  9. Apr 9, 2016 #7
    devildog3531

    devildog3531 Light Load Member

    119
    31
    Jul 5, 2015
    0
    I was thinking of leasing on with landstar. I'm already hired from them and Mercer but just don't have a truck as of yet. I wanted to finance one but I have a cousin who's willing to take a thousand bucks a month for 15 mo til paid off on his 05 kw t200. Just trying to weigh my options.
     
    devildog3531, Apr 9, 2016
    devildog3531, Apr 9, 2016
    #7
  10. Apr 9, 2016 #8
    devildog3531

    devildog3531 Light Load Member

    119
    31
    Jul 5, 2015
    0
    Thank you so much and congrats to you on your ownership.
     
    devildog3531, Apr 9, 2016
    devildog3531, Apr 9, 2016
    #8
    AshtonMarie81 Thanks this.
  11. Apr 9, 2016 #9
    devildog3531

    devildog3531 Light Load Member

    119
    31
    Jul 5, 2015
    0
    I appreciate that devil. Will do..OORAH!
     
    devildog3531, Apr 9, 2016
    devildog3531, Apr 9, 2016
    #9
    deckeralliance Thanks this.
  12. Apr 9, 2016 #10
    realdesertkickin

    realdesertkickin Heavy Load Member

    925
    753
    Nov 18, 2013
    Tustoned Arizona
    0
    I would go from LP to LO definately...keep it simple, run a line for your local LTL, take home 2200 or so a week...be normal joe..If your truck pops on night one, you can quickly be in a company seat and still making money..

    Also, with your credentials, you could haul for DOD and ATF and stuff, they only take x military/police folk...big payin gigs

    Oh, thanks for your service man///we need ya and love ya...Not very happy about 4k not comin home though...someone should pay
     
    realdesertkickin, Apr 9, 2016
    realdesertkickin, Apr 9, 2016
    #10
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 2