Can you make money with a daycab, running local?

Discussion in 'Ask An Owner Operator' started by Blackducati750, Mar 11, 2009.

  1. Titanicdragon

    Titanicdragon Bobtail Member

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    Nov 19, 2018
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    So you want to buy a truck to drive Local. Do not buy a new truck! Hell no!! Buy something old to start making money. My opinion is stay in older trucks something under $20,000. You’ll have a small truck payment. Go with a local company that offers the trailer. This way you’re only required to carry insurance on that day cab. Once you hook up to their trailer, they Carrie their responsibilities for the cargo. There will always be freight! There is no shortage in this area, you will never have to sit and wait for the work that is a guaranteed! So long as you’re out there working put 30% away on every check you make. This will ensure you the money to pay the surprise bills the pop up, plus your taxes ( there’s a hell of a lot of right offs, trust me) get a good accountant! Not a accountant you pay every month. You’re only gonna need him twice a year. These are just some of things that every truck drivers should do. You’re not going to be a millionaire,but you will make more money driving for yourself,then you will through a company six days a week. You will understand that all you do is turn money,but the money will be there (as long as you are working) yes it will be hard. Very frustrating! Learning every day process!
    You have to look at it this way, if you drive for a company you will get 25 to 28% of what the gross income the truck is. (Maybe) Or what they say it paid. 80% of company owners will not tell there drivers the exact amount of the load. So you might not even getting 25 to 28%. The average company driver, (locals) will make anywhere from $800 to $1200 a week gross. I average a local owner operators will make a $4200 a week or more. Now you have to start deducting. average deduction is $1500 for fuel a week or less. That will leave you with an average of $2700 a week. Subtract your 30% and you come up with $1890 for the week... so, you see, all you do is turn money. You will only make about $700 a week more.( then a company driver )That’s $2800 more a month. ( then a company driver) more!! So if you think you can make this work. Then go for it. It’s all up to you and what you put in it! I know there’s going to be people who start talking about truck maintenance,break down,insurance, and more. That’s why I say put 30% away up every check! The $2800 more a month that you’re making, is not counting that 30% you’re putting away. That takes care of some expenses. Some!!!! You will have to spend some of your own money too. I’m talking about the $2800 more. This is just my opinion, Go with a local company, that offers a sign on bonus for your truck, this will get you a little ahead. If you don’t spend it all, I want it with a $5000 sign on bonus, paid within six months lol. it’s just funny that you talk to the owner operator and they said there’s no money in it. But it seems funny to me that they still do it. It’s also funny when you hear an owner operator say I have to spend money! I would love to have this problem!
     
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  3. MartinFromBC

    MartinFromBC Road Train Member

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    Oct 19, 2018
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    Something many over look checking into, is a body job fuel truck. Could be fueling equipment onsite, to tanks in yards, farmers, or almost anything else.
    Can even buy a used fuel truck already all set up with pump, meters, hose reels etc.
     
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