Is it worth a new truck with proper cash investment

NoTread,

2 cents here.
SAVE YOUR HARD EARNED MONEY, FOR NOW....
Drive for That or any company for 2 or 3 Years, LEARN MORE About The Industry.
You DON'T NEED A "BRAND NEW TRUCK" to Make a Living.
Start with a GOOD SOLID USED TRUCK FIRST, no that is not an Oxymoron, they do exist.
Why? If you decide you REALLY DON'T WANT TO BE AN OWNER OP, AFTER YOU BUY, a used truck note is MUCH LOWER, if you didn't pay CASH (no note) vs a $3000+ NEW TRUCK NOTE for 5 More Years.
And IF you really like the O/O Thing, Then by all means AFTER the Used Truck, you can buy that Nice New Shiny Truck you always Dreamed about.

USED is not all bad, DO THE INSPECTIONS, GET EDUCATED ABOUT THAT PROCESS.
MAKE ENOUGH MONEY TO HIRE A GREAT TRUCK ACCOUNTANT AND PAY SOME TAXES!!! Not a Lot of them, but some, the GREAT ACCOUNTANT will see to that.

 

Join www.OOIDA.com to learn the business end of being an owner-operator.

 

Not true at all. Just need to work smart. I know at least 15 drivers that drive brand new trucks and some even pull new reefer trailers. They are no where near to "living in the truck"

 

This is my 2 cent worth that is really overpriced.

Start as a company driver. Not a lease purchased. You are going to put scratches on a truck. Let it be some other guys. You are going to break a cab extender while turning to sharply. You are going to break you front bumper off hitting something.
You want your truck to be in perfect shape and you can't drive well enough now.

Join OOIDA. Take their course online. Get you authority. Some companies will not work with you until your Company has been in business for two years. So get your business set up now. INCORPORATE.

Talk to the folks at businesses you deal with. Ask them what you could do to improve the service you are giving them. Build a relationship for the future.

Also work with your banker to get him use to the idea. Get to know him personally. If you have a day off take him to lunch. The big guys do.

When you are ready to buy. Buy brand new equipment. Get the warranty. With your own authority you are tax exempt so you safe greatly on sales tax. Have your accountant do your taxes so you take advantage of tax law and basically get your truck paid for by the IRS.
The big guys do this.

Plan on replacing your equipment every three years.

Get to know different brokers. I personally like Coyote and the relationship I have with the brokers there.

You should also see about hiring a new driver for your second truck if you decide to keep the first one.

And finally, If you are married don't sleep with your wife's sister. I don't care how much better she looks. It never works out like is should.

 

I agree that the payments for a new truck will be about the same as the lower payments and service costs of a used truck. BUT, you will probably have less down time with a new truck so less lost revenue waiting for it to be fixed and less stress worrying about it.

 

Wait until Prez Trump is in office, then get a job when the oil boom picks back up and ride that for awhile, save up $$, don't blow it on a new pickup, maybe get ya yer own rig to haul oil water or sand.

 

New trucks break down more then old trucks