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Paid off truck and trailer today!

Discussion in 'Ask An Owner Operator' started by Doing_flatbed_nc, Sep 21, 2018.

Page 1 of 6
  1. Sep 21, 2018 #1
    Doing_flatbed_nc

    Doing_flatbed_nc Medium Load Member

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    Mar 3, 2016
    0
    IMG_6490.GIF 15 months of payments and I own it all now.

    They're not pretty but they're paid for!
     

    Attached Files:

    Doing_flatbed_nc, Sep 21, 2018
    Doing_flatbed_nc, Sep 21, 2018
    #1
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  3. Sep 21, 2018 #2
    zmster2033

    zmster2033 Light Load Member

    190
    251
    Apr 28, 2011
    Charlotte, NC
    0
    Man, congratulations! That has to be a GREAT feeling! Was blessed enough to be able to pay for the truck in cash, counting down the days until I can get this trailer paid for though! That will be a huge help to my operation.
     
    zmster2033, Sep 21, 2018
    zmster2033, Sep 21, 2018
    #2
    fordconvert, Tug Toy and Doing_flatbed_nc Thank this.
  4. Sep 21, 2018 #3
    Opus

    Opus Road Train Member

    20,096
    129,354
    Dec 18, 2011
    South GA
    0
    Well done
     
    Opus, Sep 21, 2018
    Opus, Sep 21, 2018
    #3
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  5. Sep 21, 2018 #4
    Tug Toy

    Tug Toy Road Train Member

    7,022
    73,606
    Jul 4, 2015
    Corn field
    0
    Congratulations!!!

    Keeping debt low is imperative in my opinion for 1 truck operations.
     
    Tug Toy, Sep 21, 2018
    Tug Toy, Sep 21, 2018
    #4
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  6. Sep 21, 2018 #6
    Final Drive

    Final Drive Road Train Member

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    Jan 21, 2015
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    You better start lining up new deductibles.....before its to late...
     
    Final Drive, Sep 21, 2018
    Final Drive, Sep 21, 2018
    #6
    kenn2632, Tug Toy, Rideandrepair and 1 other person Thank this.
  7. Sep 21, 2018 #6
    adayrider

    adayrider Road Train Member

    1,289
    1,732
    May 7, 2018
    0
    Let me see here.
    I make a $100 and pay $20 in taxes and keep $80
    or
    I make $100 buy something for $50 for a deductible and pay $10 in taxes and keep $40
    Hmmm tough decision
     
    adayrider, Sep 21, 2018
    adayrider, Sep 21, 2018
    #6
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  8. Sep 21, 2018 #7
    mtoo

    mtoo Road Train Member

    1,936
    4,514
    Jan 15, 2011
    Retired on bended knee
    0
    Buy something just so you can pay less taxes. That is NOT a smart business move.

    The OP has no payments, if he feels he is making to much money and owes to much in taxes. My advice is go home and take a month off, enjoy life. If he wants to work hard he has the money to pay the taxes.

    It's very hard to go broke with no payments. Your money in your bank is king. Payments make you a slave.
     
    mtoo, Sep 21, 2018
    mtoo, Sep 21, 2018
    #7
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  9. Sep 21, 2018 #8
    Expeditor

    Expeditor Medium Load Member

    451
    530
    Mar 5, 2018
    0
    My motto exactly, buy what you need, do not buy just for tax deduction.
     
    Expeditor, Sep 21, 2018
    Expeditor, Sep 21, 2018
    #8
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  10. Sep 21, 2018 #9
    Doing_flatbed_nc

    Doing_flatbed_nc Medium Load Member

    585
    846
    Mar 3, 2016
    0
    I've thought s lot about that. Get a new trailer... buy a back up truck...

    But, right now, paying all my taxes seems like my best bet.

    I lived abroad for a decade before coming back home for my daughter's edu-ma-cation. All that time abroad, my income was US tax free.

    When I came back here, I couldn't find a job paying a living wage. So, I got my CDLs. I drove for ####ty little rip-off companies, mini-megas, and local hourly "work you to death" outfits.

    When I'd had enough, I just jumped in and bought my own truck.

    Best decision I've ever made in my own country.

    You bet your ### I will claim everything under the sun, come tax time, but if I have to pay, I will gladly pay because as messed up as the gov can be, it still lets people write their own ticket to live the dream.
     
    Doing_flatbed_nc, Sep 21, 2018
    Doing_flatbed_nc, Sep 21, 2018
    #9
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  11. Sep 21, 2018 #10
    mhyn

    mhyn Road Train Member

    4,255
    4,515
    Dec 29, 2008
    Northridge, CA
    0
    first paid off truck and trailer ? ;-)
     
    mhyn, Sep 21, 2018
    mhyn, Sep 21, 2018
    #10
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