Ok first off thanks for reading this. Here is the deal. I recently sold a business that i owned for 6 years,non trucking industry. Before i owned the business i was a company driver, after i sold it i went back to driving. However with me being business minded in all i am thinking about buying my own truck and starting my own company. Here is the plan. Everything i own is paid for and i am single, and i have about $45,000 saved up and i don't like debt. I would like to buy a used t -600 or a t-800 and a couple dry vans. Were i live in Missouri there are several factories in my area.I am friends with about all of the shipping departments. One of the manufacturing plants told me i could haul for them 5 days a week to Minnesota and back 598 miles up there. I found a factory in the town in Minnesota that i can pick up loads 3 days a week to get me back home. 28 miles out of the way, which is not bad. I would like to start out by myself and as soon as i get more money saved up buy another truck and hire another driver and so on. Does this sound like a viable plan? What should i look out for?
sounds ok it is all and all just a math problem just don't under est your costs the hard part is finding the "good" gig Find the right gig don't get cash flow rich and it will work
I will have to get my own rights. I should add they are paying $2.01 per mile, and the other company is paying $1.83
sounds pretty good! if the 2nd truck turns out to be a big o pete. call me! lol good luck it sounds like a good deal.
I would agree.I should ad there is a fuel sur charge on that also. Just going on rough figures with no truck payment my per mile cost should be pretty low. With that being said what would a normal run like this pay per mile?
Just because there is no truck payment doesn't mean you're per mile costs will be low, it just means you're per mile costs will fluctuate with the repairs that are needed to keep you moving, IMHO, having a new truck payment, you can monitor you're expenses a little more closely, and you can be pretty sure that you're out of pocket expenses for repairs will be fairly static as well. I would keep the cash for operating capital. and unexpected start up costs.
you can figure on taking about 2/3's of what you would spend on a reasonable truck payment and putting it in a maintenance fund for an older truck so not having the payment isn't exactly like having money in your pocket. Plus if you just figure you can run cheaper because you have no payment you are pushing rates down for everyone and you may say "what do I care" but eventually someone else will push them down on you to where you can't run too so we all have to look out for the rates. Besides don't you think you deserve to have a little bit more in your pocket for making the sacrafice of having an older truck instead of just running cheaper and not making any extra
