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Holy Crap!...Here we go!

Discussion in 'Trucker Taxes and Truck Financing' started by Paulie, Jan 7, 2009.

Page 1 of 3
  1. Jan 7, 2009 #1
    Paulie

    Paulie Bobtail Member

    46
    17
    Jan 7, 2009
    Kalamazoo, MI
    0
    Hey guys. I am brand new here and brand new to what I am trying to do.

    I owned a few trucks about 9 years ago and sold the company around two years later. I just hauled cars due to my towing company. I sold it all and have not really driven since.

    My exwife still has a good bit of money but for me it is time to find my way again. I was looking at doing this for the rest of my life so I want to get a nice truck. I found an old body '86 Pete with an added sleeper with the works. That would make it really nice for the long hauls and months out.

    So just a few questions if I may please.

    If I want to buy this truck for say...$75k should I borrow a good bit more to pay for any costs? I want to have my own authority and find a good broker. Or should I look into just signing up with a company and driving my truck for them?...more on that later...back to the money questions...

    How long would it take to start getting money flowing in for the runs? I am trying to figure out how much upkeep I should plan on and fuel to budget for. Not to mention paying the #### 8 million dollar a month payment!

    Is it safe to say the average is around $1.40 per mile?

    I have so many questions I can't type fast enough and I don't want you guys to throw me out just yet....

    Any advice on anything is greatly appreciated.

    Your rookie to throw rocks at...Paulie
     
    Paulie, Jan 7, 2009
    Paulie, Jan 7, 2009
    #1
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  3. Jan 10, 2009 #2
    im6under

    im6under Heavy Load Member

    782
    406
    Feb 13, 2007
    iowa
    0
    you should borrow 100% of the value of the truck then sign a request that your company sends your entire paycheck directly to the finance company for the next ten years.

    less $3 dollar daily food allotment of course...

    :biggrin_2554:
     
    im6under, Jan 10, 2009
    im6under, Jan 10, 2009
    #2
  4. Jan 10, 2009 #3
    PharmPhail

    PharmPhail Road Train Member

    3,084
    1,125
    Nov 7, 2008
    NC
    0
    You would pay that for a 23 year old truck your entire life depends on?

    Seriously no disrespect intended - even though I know it will come off that way - but my head is swimming. On the one hand I see a wealth of well-written testimonials about how hard this business would be to be successful with, and then I'll read something that strikes me as a reminder that most of these ventures are by truckers... working with numbers difficult to fathom and manage. Honestly I can't tell if its a terrible environment in reality or like shooting fish in a barrel given the competition :biggrin_25526:.

    Don't take me too seriously though, I've not driven yet for a single day for a company and am a long ways off from trying anything on my own!
     
    PharmPhail, Jan 10, 2009
    PharmPhail, Jan 10, 2009
    #3
  5. Jan 10, 2009 #4
    CHHALL3

    CHHALL3 Light Load Member

    159
    50
    Dec 1, 2008
    Augusta, GA
    0
    I was thinking the same thing as PharmPhail as soon as read the amount you wish to purchase this truck. "You want to pay that much for a 22+ yr old truck?" If you keep researching, I am sure you will find a better deal of a newer truck for that price or less. Good Luck & Good Truck Hunting!
     
    CHHALL3, Jan 10, 2009
    CHHALL3, Jan 10, 2009
    #4
  7. Jan 10, 2009 #5
    Winchester Magnum

    Winchester Magnum Road Train Member

    1,492
    1,647
    Jan 4, 2009
    Alaska highway
    0
    You lost me right from the git go.

    An 86 359 for $75,000??????????????????

    I hope the seller is tossing in a '06 Great Dane spread axle reefer!!!

    Seriously man, $75K for that Pete??
     
    Winchester Magnum, Jan 10, 2009
    Winchester Magnum, Jan 10, 2009
    #5
  8. Jan 10, 2009 #6
    MedicineMan

    MedicineMan Road Train Member

    5,799
    6,440
    Jan 13, 2007
    Woodville, TX
    0
    I think he is talking about the old pete or financing a newer one. At least I hope so.

    I have an 86 pete and u better know how to work on them at that age.

    I know of an 86 right now for 80k so that's not unheard of. Of case ever bolt on that trk is new
     
    MedicineMan, Jan 10, 2009
    MedicineMan, Jan 10, 2009
    #6
  9. Jan 10, 2009 #7
    MedicineMan

    MedicineMan Road Train Member

    5,799
    6,440
    Jan 13, 2007
    Woodville, TX
    0
    Not to mention a big double eagle alone can
    Run allot more then that
     
    MedicineMan, Jan 10, 2009
    MedicineMan, Jan 10, 2009
    #7
  10. Jan 10, 2009 #8
    rjones56

    rjones56 Heavy Load Member

    823
    486
    Jul 15, 2008
    staunton va
    0
    I think he must be bored and wants to yank somebodys chain.
     
    rjones56, Jan 10, 2009
    rjones56, Jan 10, 2009
    #8
  11. Jan 11, 2009 #9
    Paulie

    Paulie Bobtail Member

    46
    17
    Jan 7, 2009
    Kalamazoo, MI
    0
    Guys...I gave no information on the truck really. There is only 12,000 miles on the complete drive train and tires. A $60,000 custom sleeper was added as well as track vision satellite and much MUCH more. I like the old long nose Pete myself.

    I have seen newer ones like this and they are $150k and up.


    I guess I should share more info. We are leaving and traveling together. We want to just leave for a while. The house is sold and we are ready to go. Just trying to figure out what is the best to do. I know one thing....she has to pee an awful lot...just having this truck with the toilet in it is worth all of the money!

    [​IMG]



    [​IMG]


    I signed the papers on the truck. I picked up for a really good price and we are excited. Now the nerves are going nuts. I THINK we have enough money ready to pay about 90 days worth of running. Hopefully we don't screw it up too bad.
     
    Paulie, Jan 11, 2009
    Paulie, Jan 11, 2009
    #9
  12. Jan 11, 2009 #10
    PharmPhail

    PharmPhail Road Train Member

    3,084
    1,125
    Nov 7, 2008
    NC
    0
    That IS a really sharp looking truck!

    A bank honestly agreed to finance it at that age though? Usually with regular cars they'll go 5-6 years on new and 3 years on something 5 years old or more...then they save you from yourself on things much older than that.

    The toilet option is nice...I'm surprised they haven't found a way to make that more standard.
     
    PharmPhail, Jan 11, 2009
    PharmPhail, Jan 11, 2009
    #10
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