30K saved and needing advice on becoming Owner operator by 2024

Discussion in 'Ask An Owner Operator' started by Brandonva804, Aug 10, 2022.

  1. Brandonva804

    Brandonva804 Light Load Member

    Nov 15, 2019
    Officially I’ve just started researching being a owner operator. I have a year and a half until I purchase my first truck.

    There’s a million questions I have so I’ll ask a few.

    What’s the best truck to get? New or used. Frieght liner?

    What should I have before purchasing my truck?

    How much should I have saved?

    If I run six days a week will I be able to net about 4K.
    Links or advice on your experiences helps. I have three years experience driving a class A vehicle.
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  3. abyliks

    abyliks Road Train Member

    May 2, 2010
    ludlow MA
    New or 2000 and down

    Keep saving because you are going to need it, open up a credit card so you can have a high limit on that for emergencies as well. 10k will get you to your first check, but you better have another Atleast 30ish on stand by

    why would you want to run 6 days a week?
  4. AModelCat

    AModelCat Road Train Member

    Jul 7, 2015
    $30k is about enough for a decent maintenence fund. Not enough for a truck purchase there yet IMO.
  5. GYPSY65

    GYPSY65 Road Train Member

    Nov 16, 2012
    SW FLA
    I 2nd this
    Need more than that to succeed

    Sure. Some have been able to make it work but everyone’s situation is different and maybe they got lucky with a good problem free truck or lived at home etc?

    I would want that much or more in a maintenance fund which if nothing else gives you a little more breathing room and you won’t have to compromise loads or jobs you take

    And trucks are on the high side right now so any decent rig will be double that
  6. asphaltreptile311

    asphaltreptile311 Road Train Member

    Jun 16, 2016
    Spend 1/4th of it at a titty bar then go brag at the TA country pride counter , then we can talk
  7. Cat sdp

    Cat sdp . .

    Apr 8, 2012
    Orion's Belt
    I’d drive a company truck for a while first……

    but if you must a buy a Cascadia and lease to landstar ……
  8. Rideandrepair

    Rideandrepair Road Train Member

    Aug 8, 2015
    You can run the current Truck hypothetically, as if it’s yours. Keeping track of revenue and expenses. Meanwhile study different Trucks and engines/trans. My opinions are of no use. Everyone’s idea of the best Truck, and type of Truckings different. There’s really no right or wrong way. Only the way that works best for you.
  9. pavrom

    pavrom Road Train Member

    Apr 29, 2012
    NE illinois
    Just buy btc ... Can still become wholecoiner :)
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