Back order on Parts?

Discussion in 'Ask An Owner Operator' started by bamanation, Jul 10, 2021.

  1. snowwy

    snowwy Road Train Member

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    just scroll on by with your own crap.
     
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  3. Crassius

    Crassius Light Load Member

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    I had to clean out a house to get it ready for sale last month. I used a site called Turo to rent a pickup, because the cheapest I could find was $350 per day given the rental car shortage. Turo is like the AirBNB of rental cars. People list their second car/truck on the site for rent to other people. I got a great truck for the job for $61 a day.... the renters 95,000 mile beater he kept around for dump runs for his family. He made a little money on an asset that usually just sits in his driveway, I got a hell of a savings on a rental.
     
  4. Crassius

    Crassius Light Load Member

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    @ Banker
    We can all take a lesson from your Grandfather... I haven't been around so long to remember his times, but I do remember the Carter high inflation years. I was working for a school friend's father selling new construction real estate and getting people home mortgages at 18.9 percent.... 21.9 with suspect credit. The Fed says these inflation pressures will be temporary... I guess the Carter years were temporary too.... but they sure hurt a lot of people in the interim. I will be expanding my little trucking business next month from the extra money I've made the last six months solving supply chain issues for shippers... but my fingers are crossed the Fed will be right this time and things will ease before my next truck is sidelined waiting for a part. What can you do?
     
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  5. SteveScott

    SteveScott Road Train Member

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    I remember those years well. Here is CA I remember gas rationing and only filling up on certain days based on the odd or even numbers on your license plate. The prime lending rate through the first 3 years of Reagan was 20% and mortgages were through the roof. I was ready to buy my first house in 78, but waited until 85. By then the prime was down in the 10% range.

    Carter dropped the national speed limit down to 55, and Sammy Hagar got more famous making a song about it.
     
  6. Crassius

    Crassius Light Load Member

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    I read Greenspan's autobiography in which he explained his predecessor had to set the rates sky high in order to kill the runaway inflation. It was like giving a cancer patient chemo... bring him to deaths door with the poison, and hope the decease dies before the patient does. The entire economy was the patient.... sky high interest rates were the chemo. Our future?
     
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  7. snowwy

    snowwy Road Train Member

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    That was basically the idea behind Volkers sky high rates. Runaway inflation.
     
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  8. SteveScott

    SteveScott Road Train Member

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    Exactly right, and we may be in the same pattern now. Only time will tell. The cheap money from low prime rates builds the artificial housing bubbles because there really isn't anyplace good to invest money other than the stock market and real estate. If inflation keeps heading up, you'll see the fed bow down and start raising the prime rate, and everything else will follow shortly thereafter.
     
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  9. DUNE-T

    DUNE-T Road Train Member

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  10. Upstatetrucker

    Upstatetrucker Bobtail Member

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    I'm waiting on a long block from Paccar for 2018 T680 with 399 K miles on it. I been down for 5 weeks so far and every week the engine gets pushed out. No real answer when the engine will be built so I'm shutting down my MC and going back company. I guess buying a newer truck with a warrantee wasn't the right move in this economy.
     
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  11. Crassius

    Crassius Light Load Member

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    I'm shutting down my MC and going back company. I guess buying a newer truck with a warrantee wasn't the right move in this economy.[/QUOTE]
    Don't know what's worse, needing a long block after 399,000 or having to wait.

    Have you talked to your insurance company about this plan? I know you don't want to keep paying the insurance on the truck, but what is the insurance company say about suspending your numbers?... What's the cost to re-write the policy?.... another down payment?
     
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