Another thinking about getting my own truck thread lol..

First of all listen to these guys first, do your research, when someone wants to be an owner op they usually and most of the time put everything on the line and go for it, this means betting it all, this is why the rewards are greater.

not many make it but the ones that do get to live a normal life. I can tell you I had good weeks and bad weeks, my bad week is not running if freight is bad, can you do that? Sometimes even 2 weeks? Because once brokers see you running cheaper then better rates don’t come.


That 13k truck as someone here mentioned will turn into 40k I know I went through it with my first 2008 freightliner, I’m still working on paying off the 40k CC debt that #### truck put me in. If your going to get a freightliner stick with a Ddec 5 or older, less problems cheaper fixes.

now comes the insurance for part. Expect 25k for your first year. They won’t care if your 10 year driver, it’s the MC that’s new. If you lease onto a company that’s different but your not really an owner operator as your not taking the chances as owner operators are.


So do your research first measure 1000 times read up and then cut once.


Good luck.


Oh and any true owner operator won’t really tell you their true numbers.

 

Yes you can keep it active by paying Insurance. But 99.999999999999999999% of the time single truck operations do NOT keep their Authority active for several years while not using it. !! You are the only one I have ever heard that paid insurance for several years to keep your Authority active while not using it. I would not go out and buy a truck Relying solely on what this daughters boyfriends dad is saying he is getting for rates .

 

All the insurance you have to keep on a truck just to keep your authority active is non trucking liability, which is pretty cheap. I want to say at the time it was costing me something like 130 bucks a month, and was worth it to me, in case I had to go back south and run.
After a few years I decided I probably never would, and if I did my wife would go with me, so we would be better off leasing to another carrier and let it go inactive.
As far as buying a truck on any one guys word, No I wouldn't, but he can do a little homework and find out what is actually going on in the area.
Then again. if the right truck came up at the right price, I am apt to buy it and then find something to do with it, there is always something, somewhere.

 

Can you explain that a little further?

I thought that to retain your Authority you have to have Auto liability of a minimum of $750,000. That is only a little less than carrying the full 1 million.

 

They let me keep mine active, I just could not haul any freight. My insurance company took care of it for me. I still had to file quarterlies, so finally they wanted me to go inactive or show something besides 0 miles. lol

 

The other option is to change it to private carrier, and no insurance is required.