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Questions about starting out with a used tractor

Discussion in 'Ask An Owner Operator' started by Driver0000, Apr 17, 2017.

Page 1 of 3
  1. Apr 17, 2017 #1
    Driver0000

    Driver0000 Medium Load Member

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    Did my year and some months, mostly OTR.

    I have no desire to lease purchase. All the L/P plans I've seen look terrible.

    So, this is my goal:

    1) Finance a used tractor through a local dealership.

    2) Get my authority/ MC number OR Lease on with a company that lets me choose my runs. Ultimately, I want to go out 600 miles, deliver and back haul twice a week. 2200-2400 miles/ week, 2-3 nights a week in the bunk.

    These are my questions:

    1) is it realistic to believe I can run out and back twice a week while leased to a company? I'm in a great area (Greensboro, NC.)

    2) How much can I expect to pay out for insurance?

    3) How much out of pocket to set up my authority/ MC number, etc.?

    4) Is it reasonable to expect to pay $35-40k for a tractor that will last long enough to pay it off and pocket some good money?

    Finally, I'm a no-nonsense driver. I stop for red lights and fuel. Right now I'm driving local and I hate the down time and the low pay.

    Thanks for help.
     
    Driver0000, Apr 17, 2017
    Driver0000, Apr 17, 2017
    #1
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  3. Apr 17, 2017 #2
    bowhunter67

    bowhunter67 Light Load Member

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    rush city mn
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    1 try to find one from private owner, 2 it depends on the amount of the truck. if you lease on to someone or if you do your own authority with only one year good luck getting insurance and if you do it will be really expensive, 3 there are a lot of cost to get authority filing with fmcs $300 boc 3 $75 drug consortium and you have to have insurance in place before you get authority,4you will need at least 20 grand to pay bills, truck breakdowns ,fuel, plates.
     
    bowhunter67, Apr 17, 2017
    bowhunter67, Apr 17, 2017
    #2
    Driver0000 Thanks this.
  4. Apr 17, 2017 #3
    Driver0000

    Driver0000 Medium Load Member

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    So, lease purchase at a company for a year then go for lower insurance rates?
     
    Driver0000, Apr 17, 2017
    Driver0000, Apr 17, 2017
    #3
  5. Apr 17, 2017 #4
    bowhunter67

    bowhunter67 Light Load Member

    283
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    May 28, 2016
    rush city mn
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    why would you lease purchase thats the fastest way to go broke just look in the searches on that.
     
    bowhunter67, Apr 17, 2017
    bowhunter67, Apr 17, 2017
    #4
  7. Apr 17, 2017 #5
    Driver0000

    Driver0000 Medium Load Member

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    Well, if I have to drive another year before my insurance drops, I don't want to do it local for crap pay.

    At the same time, I do not want to drive OTR for a starter.

    I feel stuck.
     
    Driver0000, Apr 17, 2017
    Driver0000, Apr 17, 2017
    #5
  8. Apr 17, 2017 #6
    Chinatown

    Chinatown Road Train Member

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    Henderson, NV & Orient
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    A driver posted yesterday, he bought a truck and now can't leave the dealership with it because he can't find insurance he can afford. This happens fairly often.
     
    Chinatown, Apr 17, 2017
    Chinatown, Apr 17, 2017
    #6
    passingthru69, OLDSKOOLERnWV, SoCal Trucker and 1 other person Thank this.
  9. Apr 17, 2017 #7
    Chinatown

    Chinatown Road Train Member

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    Henderson, NV & Orient
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    Get a line haul job; terminal to terminal in most cases. Drop & hook then back to Greensboro.
    Southeastern Freight Lines
    Saia
    Estes Express
    R&L Carriers

    Epes Transport might have what you want for owner-operator.
    Miller Transporters has lease-purchase if you want tankers.
     
    Last edited: Apr 17, 2017
    Chinatown, Apr 17, 2017
    Chinatown, Apr 17, 2017
    #7
    Driver0000 and bowhunter67 Thank this.
  10. Apr 17, 2017 #8
    Ridgeline

    Ridgeline Road Train Member

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    Dec 18, 2011
    Michigan
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    What do you mean low pay for local work, I thought that the local worked paid better than OTR?
     
    Ridgeline, Apr 17, 2017
    Ridgeline, Apr 17, 2017
    #8
    bowhunter67 Thanks this.
  11. Apr 17, 2017 #9
    379exhd

    379exhd Road Train Member

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    rolling through hell
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    Saia offers free insurance after 10 years as well and the run my dad was on paid about 70k/year. .5125/mile 524 miles a night $9/drop and hook $36 just in drop pay plus detention and break down it was a good gig but it had its moments as well I suppose.
     
    379exhd, Apr 17, 2017
    379exhd, Apr 17, 2017
    #9
    Chinatown Thanks this.
  12. Apr 17, 2017 #10
    SoCal Trucker

    SoCal Trucker Bobtail Member

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    China town hit it yea Insurance is kicking me right in the Nutz right now
     
    SoCal Trucker, Apr 17, 2017
    SoCal Trucker, Apr 17, 2017
    #10
    Chinatown Thanks this.
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