New truck vs used truck

A warranty covers 100k miles so you'll be covered for 8 months and a half. Alot of things can break in that time and that rate i say get it its only 3k and renew it

 

Some warranties I have seen are 500k on some warranties

 

Pay cash for a pre emissions truck is the way I'd go.

 

You are going to have break downs on anything you buy. New, used,.. it doesnt matter. A warranty is no guaranteed safe haven that you will be covered for 100% of the repair costs. Not to mention the down time/loss of revenue involved,.. and possibly additional costs involved if you were under a load when it happened. The load still needs to be delivered,.. you are responsible for it.

The easiest and quickest way to get into this business is to buy an older pre emissions truck, pay cash for it and run under someone elses authority, pulling their trailer and using their fuel card. You make your deal coming in the door. Know your numbers, read the fine print and sign on the dotted line.

Initially your only expense is the cash you paid for the truck, tag/registration and bobtail insurance. The carrier will generally cover everything else.

This will get your foot in the door and you will learn what it is like. Bare in mind,.. this is still a business and you can not enter into this with a mega driver mentality. You need to learn and understand what your costs are to operate YOUR truck. How much money you need for you to actually profit and be able to keep cash set aside for repairs, expansion, new truck, new equipment, your own trailer, what ever.

Think realistically what you can afford.

Hurst

 

Yea and you'll need it!

 

I have been looking to buy my second truck as well and last year after getting a cascadia paying $5k for extended warranty and spending $50k in repairs in 14 months, now i have decided to go with a pre emission truck with overhaul and possible tranny and most of that parts can be broken is fixed or replaced. I believe older trucks cost less expensive to maintain compare to new ones and less downtime for sure. Depends on what you are going to haul ofcourse but you should consider the engine 1st. Also, as Hurst said; no matter what you buy it will break sometime. One more thing 2009 is i believe is a very bad year for most truck model, go with at least 2007 or less for older ones or 2012 or better for newer ones

 

If your in it for the long-term, a new reasonably priced truck may not be a bad way to go.
I have owned 2 new trucks and had pretty good luck.
Transmission failed on the first . Fixed for no cost to me.
Engine failed on second one. Cat fixed it .
Get the extended warranties.
I still have that second truck. 1.1 million miles.
Still dependable.
I am still leary of the new engines / emissions stuff so I
am in no hurry to trade. But maybe one day.