$125,000 what to do?

truckingmonster702 · Aug 13, 2016

"semi" retired said: ↑

Hi truckinmonster, while I hate to thwart anybody's dream, this will be a nightmare. I heard it said, "if I win the lottery, I'm going buy several trucks, and run them until the money is all gone". People do make money in trucking today, but usually, it's stuff they've been hauling for years, and you'll get what's left over. Invest in classic cars, THAT'S where the real money is today, apparently.
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Just invest 50k with my forex traded. If the trucking goes wrong I will be alright with the investing.

truckingmonster702 · Aug 13, 2016

pavrom said: ↑

never start business relying on someone (broker , friend bla bla)
the only person responsible afterwards (no matter what happened) - you ... and it may turn pretty ugly
if everything would be so easy like your post - everyone would be millionaire
success and wealth don't come overnight , its a long way and not everyone can handle
i got only 4 trucks and all i can tell - tons of headache , problems , issues - all kinds , but year after year its easier to handle all this due to experience ... i can't imagine myself driving truck and running business same time . repairs , customer service , billing .... etc takes lot of time
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That's where I am looking to get up to around 4 or 5 trucks. I ain't thinking about starting the next JB Hunt or something crazy. Just trying to get a business up and running

truckingmonster702 · Aug 13, 2016

Pepper24 said: ↑

With broken in your family hopefully they'll look out for you could really work out good .business with family can be tricky sometimes hopefully you have good family..Don't know if I'm allowed to give names but Carolina independent truckers is a really good place and inexpensive to get athority.Good luck
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They have both told me they will give me straight rates for the first year to get me running. They are good people I can rely on.

truckingmonster702 · Aug 13, 2016

"semi" retired said: ↑

All things aside, if you won't listen ( I didn't) forget the reefer, and go with the step deck. Reefer is not the way to go. Freightliner is a good truck, but I'd go with a KW. There's tons of them out there, and they are the best.
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I decide on a 2017 KW T680 Cummins 13 speed. I want the W900L but I think fuel is going to be way better starting out with the T680. Also going to get the 53 foot stepdeck with ramps.

truckingmonster702 · Aug 13, 2016

Wooly Rhino said: ↑

And now once again, I totally disagree. Get the new truck from Lone Mountain. 10,000 down and debt of 145,000 or so. Lease a trailer. This makes both purchases a double write off. Get your authority through OOIDA. Set your office up and start out with the one truck. Go through you first safety audit prior to buying the second truck. Makes sure your numbers work for one truck and then move on to the second and third. Avoid buying used equipment until you are hands on mechanically. New equipment under warranty is the way to go. Also avoid putting your capital into play. Use it for emergencies and keeping your credit rating high. 30,000 will get you 3 new trucks from loan mountain. The big companies do it that way. None of them own their own trucks.

Remember, the more people who tell you no, the more likely you are to be right.
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This is the exact route I plan on going.

rasymacmac21 · Aug 13, 2016

Good luck. Anyone could promise me the world or the right numbers for the lotto, and I still wouldn't depend on it. Go through the experience and let us know with the progress. What equipment/ freight you going to be hauling?

truckingmonster702 · Aug 13, 2016

rasymacmac21 said: ↑

Good luck. Anyone could promise me the world or the right numbers for the lotto, and I still wouldn't depend on it. Go through the experience and let us know with the progress. What equipment/ freight you going to be hauling?
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I am probably going with a 2017 T680 13 speed Cummins. Going to run a stepdeck. I am contemplating get a W900L but I know the fuel mileage is going to be worse.

rollin coal · Aug 13, 2016

If you were pulling a box or a reefer an aero truck makes sense to save fuel. With an open deck not so much so. I would have a flat top pulling a flat or step and would not give one seconds thought to the aerodynamics of it because it doesn't matter.

Are you going to be wrenching on it? Then you will appreciate the ease of access the older style trucks have if you do. It costs extra labor to have routine maintenance like an overhead adjustment done on an aero versus a hood.

With a hood you just raise the hood and pull the valve covers. With an aero you raise the hood and have another 30 minutes to hour extra time removing air piping and filtration out of the way before you can even think of pulling the valve covers. Little things like that add time and cost.

truckingmonster702 · Aug 13, 2016

rollin coal said: ↑

If you were pulling a box or a reefer an aero truck makes sense to save fuel. With an open deck not so much so. I would have a flat top pulling a flat or step and would not give one seconds thought to the aerodynamics of it because it doesn't matter.

Are you going to be wrenching on it? Then you will appreciate the ease of access the older style trucks have if you do. It costs extra labor to have routine maintenance like an overhead adjustment done on an aero versus a hood.

With a hood you just raise the hood and pull the valve covers. With an aero you raise the hood and have another 30 minutes to hour extra time removing air piping and filtration out of the way before you can even think of pulling the valve covers. Little things like that add time and cost.
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I am going to be getting a 2017 W900L if I get one. I can do the simple things like change oil and #### like that.

Zeviander · Aug 13, 2016

rollin coal said: ↑

If you were pulling a box or a reefer an aero truck makes sense to save fuel. With an open deck not so much so. I would have a flat top pulling a flat or step and would not give one seconds thought to the aerodynamics of it because it doesn't matter.

Are you going to be wrenching on it? Then you will appreciate the ease of access the older style trucks have if you do. It costs extra labor to have routine maintenance like an overhead adjustment done on an aero versus a hood.

With a hood you just raise the hood and pull the valve covers. With an aero you raise the hood and have another 30 minutes to hour extra time removing air piping and filtration out of the way before you can even think of pulling the valve covers. Little things like that add time and cost.
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That, and if he is interested in fuel economy, he is going to want automatics, especially if he isn't driving the truck.

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