Broke Down 69...The Adventure Continues

Discussion in 'Flatbed Trucking Forum' started by Broke Down 69, Dec 17, 2016.

  1. Broke Down 69

    Broke Down 69 Road Train Member

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    So, as many, if not most of you know, I've wanted to move up to the ranks of O/O for some time now. Went to Montana with that plan but that was a complete and total fiasco. I made a mistake in judgement, learned a hard lesson and moved on. Thanks to @bzinger I landed with a company that really knows how to treat drivers, and for that I am in his debt.

    So, what does this have to do with being an O/O, you ask? Well, Morehouse occasionally puts trucks up for sale and last week I spoke with one of the owners to let him know I was interested in buying. He told me trucks would be up for offer around May or June but spent nearly an hour outlining how they worked out the deals. To say that their terms were fair would be a colossal understatement, so we shook hands and agreed to get together again when they were ready to move some trucks.

    This morning, I was puttering around the shop while some maintenance was being done on my truck when our head of safety calls me over. Well, when the safety guys start calling, its an attention getter to say the least, but he asks how interested I was in getting into my own truck a little sooner,than May or June. Only slightly less than a weekend of wild sex with Jennifer Aniston I told him.

    He tells me that a truck was available, a KW T660, with less than 100k on a rebuild, fresh clutch assembly...it's a ten speed...and was owned by a driver that took really top notch care of his equipment. Went out, looked it over, took her for a little drive and really liked it. So come the first of January, I'm taking the plunge. Pretty excited about the opportunity and am going to work my tail off to make it work.

    So what appeared to be a setback, ended up being the best thing that's happened to my career so far. Of course I'll keep y'all posted.

    More later...
     
    Oxbow, Lonesome, Vic Firth and 8 others Thank this.
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  3. spyder7723

    spyder7723 Road Train Member

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    Please tell me you are getting outside financing and its not some carrier financing deal.
     
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  4. Broke Down 69

    Broke Down 69 Road Train Member

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    Going to channel my inner Randy Moss...

    Straight cash, homie.

    They offer very fair terms to finance, but I've decided to just drop cash for it. Plain fact is, for what I'm giving for the truck, I figure all I'm actually paying for is the rebuild and fresh gearbox...the rest of the truck is free.
     
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  5. spyder7723

    spyder7723 Road Train Member

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  6. Broke Down 69

    Broke Down 69 Road Train Member

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    My thoughts to. I've got enough money squirreled away to cover it with enough left over to have a comfortable cushion for anything unforseen. I will say that the way Morehouse finances is based on the whosale value of the truck at 0% interest. They do requiree that you put $1500 in an escrow account for maintenance account and .07 per mile thereafter until payoff. I'm still setting that up and bumping the per mile amount to .10 to start building that fund up. I do have to provide my own bobtail,and workmans comp, but I can run that through their insurance company and so far they have given me the best quote by a country mile.
     
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  7. spyder7723

    spyder7723 Road Train Member

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    Are you sure you don't mean occupational accident coverage? True workmans comp is gonna run you ten grand a year.
     
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  8. G13Tomcat

    G13Tomcat Road Train Member

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    Okay... you lost me there.. I got 'visionaries' .... hahah!!

    Congrats, bro. Glad Brad steers you right, Big D. I've got nothing but the UTMOST for you both.

    Carry on~
    Tom
     
  9. Broke Down 69

    Broke Down 69 Road Train Member

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    OAC is not an option in Nebraska. @Scooter Jones brought that option up to me and I checked into it. As for the cost of WC, its not going to cost anything even approaching that number. I am investigating the option of doing everything through NC, but that'll leave me on the hook for at least 10k, if not more. There are advantages, however, that may offset that figure to some extent, I have my Dad working on that for me with a lawyer and CPA. Hope to get some answers on that early next week.
     
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  10. Vic Firth

    Vic Firth Road Train Member

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    Congrats BD! Looking forward to seeing pics of your new ride!
     
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  11. Broke Down 69

    Broke Down 69 Road Train Member

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    Going to be at the yard tomorrow, I'll snap a couple pics and post them. She needs a good cleaning, but we all remember how @bzinger showed us that it might look rough now, but some sweat equity...and a case or five of Bud Light...can bring it back to a beauty.
     
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