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Looking to start a trucking business

Discussion in 'Ask An Owner Operator' started by Chrisandamand, Jan 22, 2018.

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  1. Jan 22, 2018 #1
    Chrisandamand

    Chrisandamand Bobtail Member

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    Jan 21, 2018
    0
    I'm looking a financing a truck and trailer and looking at a $3,000 payment with insurance in your guys experience doable and still make a profit
     
    Chrisandamand, Jan 22, 2018
    Chrisandamand, Jan 22, 2018
    #1
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  3. Jan 22, 2018 #2
    kf4pwb

    kf4pwb Light Load Member

    75
    22
    May 7, 2015
    0
    That's about what I'm paying and am profitable. No trailer payment though. Truck and insurance come out to 2800
     
    kf4pwb, Jan 22, 2018
    kf4pwb, Jan 22, 2018
    #2
  4. Jan 22, 2018 #3
    nightgunner

    nightgunner Road Train Member

    2,112
    2,799
    Jul 23, 2013
    Cedar Rapids, IA
    0
    2 trucks with trailers and insurance runs me about $1,400 (most everything is paid for). Don't get overextended on the payment! You don't want to be forced to take every load to pay for the truck.
     
    nightgunner, Jan 22, 2018
    nightgunner, Jan 22, 2018
    #3
  5. Jan 22, 2018 #4
    Ridgeline

    Ridgeline Road Train Member

    22,257
    114,694
    Dec 18, 2011
    Michigan
    0
    DO YOU drive or are a wantabe?
     
    Ridgeline, Jan 22, 2018
    Ridgeline, Jan 22, 2018
    #4
  7. Jan 22, 2018 #5
    Chrisandamand

    Chrisandamand Bobtail Member

    8
    0
    Jan 21, 2018
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    no i drive
     
    Chrisandamand, Jan 22, 2018
    Chrisandamand, Jan 22, 2018
    #5
  8. Jan 22, 2018 #6
    Chrisandamand

    Chrisandamand Bobtail Member

    8
    0
    Jan 21, 2018
    0
     
    Chrisandamand, Jan 22, 2018
    Chrisandamand, Jan 22, 2018
    #6
  9. Jan 22, 2018 #7
    Chrisandamand

    Chrisandamand Bobtail Member

    8
    0
    Jan 21, 2018
    0
    Thank you for your time that helps a lot
     
    Chrisandamand, Jan 22, 2018
    Chrisandamand, Jan 22, 2018
    #7
  10. Jan 22, 2018 #8
    Chrisandamand

    Chrisandamand Bobtail Member

    8
    0
    Jan 21, 2018
    0
     
    Chrisandamand, Jan 22, 2018
    Chrisandamand, Jan 22, 2018
    #8
  11. Jan 22, 2018 #9
    Chrisandamand

    Chrisandamand Bobtail Member

    8
    0
    Jan 21, 2018
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    I don't want to overectend my self and i was not sure if $3,000 was way to much for my fixed cost to still be profitable and thank you for the advice
     
    Chrisandamand, Jan 22, 2018
    Chrisandamand, Jan 22, 2018
    #9
  12. Jan 22, 2018 #10
    Ridgeline

    Ridgeline Road Train Member

    22,257
    114,694
    Dec 18, 2011
    Michigan
    0
    So what monies do you have to run the business?

    You have reserves and money for plates and such?
     
    Ridgeline, Jan 22, 2018
    Ridgeline, Jan 22, 2018
    #10
    NavigatorWife Thanks this.
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