Taking another swing at it

Discussion in 'Lease Purchase Trucking Forum' started by Wickedfire77, Mar 18, 2014.

  1. Wanderer1

    Wanderer1 Light Load Member

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    Forget the Coronado ghost trucks, as they apparently only have 2 of them. L.p. has to be a Columbia, or one if the few classic long or short hoods remaining. Yee haw
     
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  3. Wickedfire77

    Wickedfire77 Road Train Member

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    Yup. Means to an end though.
    I thought about "upgrading". I think I'd rather just invest in my paid off truck. Maybe down the road I'll look again
     
  4. Wickedfire77

    Wickedfire77 Road Train Member

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    So now the idea is rattling around with another driver or two, that we should start our own carrier...old school trucks that aren't welcome at very many places.
     
  5. oldog1984

    oldog1984 Medium Load Member

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    check on your insurance first. they are the ones that run everything you know
     
  6. Wickedfire77

    Wickedfire77 Road Train Member

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    That's true
     
  7. Wanderer1

    Wanderer1 Light Load Member

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    Where are you stationed at tonight Wicked?
     
  8. Wanderer1

    Wanderer1 Light Load Member

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    IMO the l.p. advantages here are , 12.7 Detroit no def crap, warranty that covers everything, and cheap fuel at the hq.
     
  9. Wickedfire77

    Wickedfire77 Road Train Member

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    South Dakota then who knows
     
  10. Wickedfire77

    Wickedfire77 Road Train Member

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    En route back to MI, stopped at the Trails Petro on I35 xt 11. Skol Tavern connected to Iron Skillet. Pretty cool Viking theme going on.
     
  11. Wickedfire77

    Wickedfire77 Road Train Member

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    About that,
    If I'm starting a trucking business, I will need, either in cash or credit, close to $30,000 on-hand to survive until receivables cycle into regularity. The same amount will be required when id hire my first owner/operator. A credit card is not to be considered a line of credit, either. Run up 45 days of fuel costs on a 28% credit card, and id be parked before I start.

    Not to mention the 15-20% up front for insurance costs before a wheel can turn.

    Also need a back office staff at a physical address. Even if it's only one person, there has to be a safety and drug policy in place.
    Someone has to send invoices to get the company paid. (Although, I've heard factoring can help on cash flow a great deal, sacrificing some to hasten payments and avoid headaches)

    So, for now, this is a "cool idea". Until my motor is rebuilt and I have $30k to lean on, that's what it will remain. I'm thinking maybe I can pull the trigger in about a year.
     
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