Good deal?

Discussion in 'Ask An Owner Operator' started by Beerad_the_trucker, Jan 18, 2020.

  1. JonJon78

    JonJon78 Road Train Member

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    I would be building cash flow as a company driver, as a new business start up owner operator it flows out of your bank account very fast!!! Build a huge nest egg while you dont have the expenses associated with owning and operating a truck.

    That's why lots of folks fail out here, didn't start with enough built up in the bank account.
     
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  3. Beerad_the_trucker

    Beerad_the_trucker Bobtail Member

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    15k would be more but dropped 10k on new car this year :)
     
  4. Beerad_the_trucker

    Beerad_the_trucker Bobtail Member

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    Yea I am very good with numbers I could make it on budget. Just think would be easier get a business loan for my restaurant if I establish a business and show some success at it. I am just so worried about truck with that many miles and a price tag that high. going to be costly repairs see that from farmerbobs journey cause would be same outfit he runs.
     
  5. JonJon78

    JonJon78 Road Train Member

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    What type of restaurant will you be opening?
     
  6. Beerad_the_trucker

    Beerad_the_trucker Bobtail Member

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    A sorta unique one fresh food only serve from 11-2 and from 4-8. Mixture of dishes learned from family and over course of life. Would include Mexican and American style dishes and hopefully have drive thru access. Average plate from 5.99 to 11.99 drink not included :)
     
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  7. Beerad_the_trucker

    Beerad_the_trucker Bobtail Member

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    Was a restaurant manager for 5 years before got into trucking. Just love serving food to customers and make them happy. But if go back want to be my own establishment. Tried to manage again after trucking can't do it unless my own joint.
     
  8. JonJon78

    JonJon78 Road Train Member

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    That's good. Hopefully you can get everything headed in the right direction to make that happen for you. Looks like you got a little guy counting on you ( guessing that's your son in the picture )
     
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  9. Beerad_the_trucker

    Beerad_the_trucker Bobtail Member

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    Ohh yea that's my boy!
     
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  10. GraniteRiver

    GraniteRiver Light Load Member

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    With Lone Mountain you need to take into account that the finance charges are already figured into the total cost of the truck (down plus all payments) if that’s where you’re getting that number from.
     
  11. feldsforever

    feldsforever Road Train Member

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    Not to discourage you. But some one I know very well built thier fleet from loan mountain. Each one of his trucks required up to 7k in work. On the first three weeks out.
    He still has the trucks. But be knew he had to be prepared before purchasing.
    Are you?
     
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