Anyone who why older trucks are costing soo much?

Discussion in 'Ask An Owner Operator' started by henboy1, May 15, 2018.

  1. davidl

    davidl Light Load Member

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    Jul 21, 2014
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    I rent Penske trucks for $600 a week, if it breaks they bring my driver another one, no shop no tools no nothing. Driver quits take the truck back while I wait to hire another one. Old trucks are cool but they just don't make much financial sense anymore in todays transportation climate. I'd have to really do some fancy footwork in excel to justify $45k on a pre 2000 truck, I'm just not seeing it.
     
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  3. DUNE-T

    DUNE-T Road Train Member

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    May 10, 2015
    Detroit, MI
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    600 per week? Last time I checked it comes to about $1250 per week on 2500 weekly miles
     
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  4. BoostedTeg

    BoostedTeg Road Train Member

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    Everybody thinks and operates theire business differently. I had and older 07 KW and it was a money pit I ended up buying a brand new truck and it was the smartest thing for me. My down time has been zero and once I hit 500k with this one and the warranty expires I’ll order another new one and trade this one in.
     
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  5. spyder7723

    spyder7723 Road Train Member

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    Ya no way is he getting a class 8 truck for 600 a week.
     
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  6. Cybercat

    Cybercat Medium Load Member

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    Boosted are you paying monthly on this truck or did you pay it full? Just curious is all. What we are planning is taking our good engine and putting it in newer body with bigger sleeper down the road.
     
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  7. Cheezy_smile

    Cheezy_smile Medium Load Member

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    Last year I was getting day cab for 650 a week. It has changed this year. I was quoted 800$ last week.
     
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  8. DUNE-T

    DUNE-T Road Train Member

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    Plus mileage
     
  9. Pumpkin Oval Head

    Pumpkin Oval Head Road Train Member

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    I always wondered what a rental would cost, as that is what one company did that I used to work for. Just the $800 a week is $40,000 a year.....with mileage $62,500 for 50 weeks. I wonder how much repairs and truck maintenance cost the rental company. I also wonder how much they make for profit on that rate?
     
    Last edited: May 19, 2018
  10. special-k

    special-k Road Train Member

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    Guess l'm backwards from most people here. When my truck was new with warranty and 2000 per month payments l did everthing other than warranty and tires. When l had a trailer with a 1000/ month payment. I did everything on that thing. When they were both payed for l made a decision not to spend as much time under the truck. I run regional so l have a good working relationship with a local independent garage and the kocal Pete dealer. I spend around 12g each year on a 18 year old truck. I think its a reasonable number for my time. Now l do fix things in my own driveway/shop and assist the mechanic, run for parts, make sure its done the way l want and generally be a pita. But l pay my bill on time and don't whine too much when screwups happen so he lets it slide ;)
     
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  11. BoostedTeg

    BoostedTeg Road Train Member

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    I’m paying $2400 a month but on the next one I should be able to put about 80-90k down and get it paid off in a year. That would put me in a great position then
     
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