Company hack here just wondering what some of you owner ops started with in your maintenance account before hitting the road. I saw a guy yesterday get his truck towed , he didn't have any money set back for a break down
How much was in your maintenance account?
Discussion in 'Ask An Owner Operator' started by asphaltreptile311, Sep 29, 2019.
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Rideandrepair and D.Tibbitt Thank this.
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When I started? Or now?
When I started,I think I had maybe $5k.....But then 5k would get you a lot back in the 80's and 90's
Tires were under 150 bucks- Overhaul was maybe $5-6 k road service or tow under $200 bucks
These days- My maintenance account is near 6 figures- Ill be retired before that could ever be emptied.HopeOverMope, Intothesunset, thelushlarry and 5 others Thank this. -
When I started I did not have a maintenance account at all, that is what bankers were for. lol
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Intothesunset, Rideandrepair and D.Tibbitt Thank this.
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Well I didn't have too. but would have if I had needed too.
I did have a rolling loan. I have always done my own repairs, so it does not cost anything like it does if you farm out repairs.
I also tried to buy trucks that would be paid off before any major repairs were needed, and was successful for the most part. I have only had to pull a head off of one truck before I had 3 years time with it, and I only had two more payments on it when it went down. All my trucks were before all the emission crud, they hang on them now, most of my friends that have newer trucks are crying all the time, and have no choice really but to buy new before they run out of warranty, then down time has taken a toll on several of them.
It is a different deal today, a guy would have to have a little lick on his side to get by the way we could start out back before all the emmissions hit the scene.Intothesunset, Trucker186, FoolsErrand and 2 others Thank this. -
I started with a brand new truck and no money of any kind in a maintenance account.....
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Rideandrepair Thanks this.
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Had 7500 early this year had a clutch go out and than Dpf sensors malfunctioned , all gone in a week . Stayed on the road to get it back up but always seems like break downs come at the worst time . Than replaced 8 drive tires a month later , oh what fun . I have 20 k in Credit cards good credit just in case crap hits the fan . I'm on a good run for the month so far . Stack it up !
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FoolsErrand, thelushlarry, Rideandrepair and 3 others Thank this.
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So you pretty much get a credit card to cover you if the ship starts to sink?
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