Buying a truck

Kidd05 · Jan 24, 2021

"semi" retired said: ↑

A few days ago, Oscar the KW blew me a new corn chute, saying I didn't know what I was talking about with a post on a similar subject. He's right, I don't know about truck ownership, and had no business buying one. But that didn't stop me, there was so much I didn't know, and I hear a lot of the same questions today I encountered. Thing was, in 1988, I was only in it for $20 grand, not a HUNDRED 20 grand, like today. If you go 1-2 years old, you may as well just buy a new one. My big goal was to pay the truck off, easy street then,,,or so I thought. Mr. KW can correct me, ( rather than make me feel stupid) without a truck payment, I got slammed with taxes, switching accountants helped, but to make it, I should have bought a newer truck, not another older one, like I did but in the end, I decided, it was just better to drive the bosses. Insurance too, out of control, and if you want to feed into that ins. BS, by all means, buy your own truck. Buying the truck proper was the easy part, but like 1/10th of the deal. And what if something happens, you paid all that cash, and it's gone. Not sure it's the best place for your money today. Buy classic cars,,,just not trucking.
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Appreciate the warning, but this will be my third truck as an O/O. Sold the other two once they were paid off and repairs were costing me more than the truck was worth. Not hurting for as far as paying bills or anything, own everything I got. An didn't fail as an O/O the before back when Clinton was in office, just got tired of of all the b/s of being an O/O an went to company driver. Was an O/O for 12 years.

201 · Jan 25, 2021

Oscar the KW said: ↑

I went back and looked at the post you are referring to, it is not written or intended to make you feel stupid.
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Sorry, guess that was kind of a FB response, I've determined from your many posts,, you are one of the people I would trust for an opinion. When I got my 1st truck, ( 1988) it was an easy transition, and relatively few obstacles, buy a truck, lease to a guy pulling rail cans, and we truckin',,,as it was told to me. Hmm, seems easy enough, and it really wasn't any harder than that. Today, I'd have to think regulations and unfair restrictions placed on O/O's, how could you possibly make any money? The only way I made it for 5 years, was to be an outlaw, that and I did all my own service. Making money in trucking then, aside from a few examples, was contingent on running around the clock. Today, I just think letting the boss have all the headaches while you go to the big game, is just a better deal.

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