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Truck Paid Off

Discussion in 'Discuss Your Favorite Trucking Company Here' started by slickricky, Feb 24, 2018.

  1. Feb 24, 2018 #1
    slickricky

    slickricky Bobtail Member

    29
    13
    Mar 12, 2011
    TX
    0
    I haven’t been on here in quite some time, but wanted to share that i paid off my 2nd truck. I have an employee in one and I drive the other. I was at Bee-Line in Houston at the start about 5 years ago and left to see how green the pastures really were. Well, I’ll be the first to admit that was a mistake. I came back to Bee-Line about 6 months ago and was able to payoff my 2nd truck to the bank EARLY! Not sure how many of you out there that are O/O’s can say you were able to payoff your truck early, but it feels good to not have a truck payment and be making some solid money. Hope everyone out there is doing well.
     
    slickricky, Feb 24, 2018
    slickricky, Feb 24, 2018
    #1
    Mooseontheloose, Smut, 28 and 2 others Thank this.
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  3. Feb 24, 2018 #2
    mitrucker

    mitrucker Road Train Member

    4,854
    7,741
    Dec 15, 2010
    Lapeer, MI
    0
    Nice work. Congrats
     
    mitrucker, Feb 24, 2018
    mitrucker, Feb 24, 2018
    #2
    Mooseontheloose and slickricky Thank this.
  4. Feb 25, 2018 #3
    JohnBoy

    JohnBoy Road Train Member

    9,683
    24,547
    Apr 24, 2009
    Lake Worth, FL.
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    Nice feel good story. Congrats!
     
    JohnBoy, Feb 25, 2018
    JohnBoy, Feb 25, 2018
    #3
  5. Feb 25, 2018 #4
    STexan

    STexan Road Train Member

    14,962
    29,144
    Oct 3, 2011
    Longview, TX
    0
    "Making some solid money" is the attitude that gets many in trouble if they're in it for the long term. That note payment expense should NEVER go away in terms of your budget. It needs to be allotted for future down payments or other capital purchases or major repairs.

    Some take that money and put it into a bigger house or a new boat, then 6 months later their truck is totaled and needs to be replaced, or otherwise needs $20k worth of new engine and the money is not there. Just don't be "that guy" is all I'm saying.
     
    STexan, Feb 25, 2018
    STexan, Feb 25, 2018
    #4
    slickricky, AZ Pete and nax Thank this.
  7. Feb 25, 2018 #5
    386lover

    386lover Light Load Member

    95
    107
    Oct 24, 2017
    0
    And you put this in the wrong thread section. Happy you paid off your 2nd truck. But as STexan said don't get ####y and start throwing yourself a parade. Can turn around quick. Save your money. Never know when it will be needed.
     
    386lover, Feb 25, 2018
    386lover, Feb 25, 2018
    #5
    slickricky Thanks this.
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