I need some serious advice on what steps after I buy my truck

You're really supposed to know all this before you buy a truck unless you're paying for it in full up front with no payments. Otherwise if you have payments to make you're really supposed to know all that info before you buy a truck including having a carrier already lined up.

 

1) DO NOT!!!!!!!!!!!!!!!!!!!!! use your 401k to buy a truck!!!!!!!!!!!!!!!! Don't forget the 10% penalty for early withdrawl and the 20% in taxes you will have to pay.

2) Since you are new to this industry, DO NOT!!!!!!!!!!!!!!!!!!! buy a truck. Become a company driver first and learn the ropes. Otherwise you will be eaten alive. I exagerate not!

 

I think there should be a new thread docked at the top of the page that all these threads get merged into. Maybe it could be called,

"I have little or no experience in the trucking industry, I don't know what I'm doing, but I'm going to buy a truck-will you please give me some positive re-enforcement to lull me into a false sense of security."

 

Now thats a fine idea.

 

Just because you might be an owner/op doesn't necessarily mean you'll net a whole lot more than a company driver. You've only been a company driver for 6 months and in my opinion you seem somewhat impatient. After you drive for a year you can look for a higher paying job. You must be patient if you are an owner /op because the grass isn't always greener on the other side. If you're asking the questions you asked in this forum you probably aren't ready yet to be an o/o. You have to do your own research and make contacts with a lot of companies to have an idea of which one will work best for you. Only you will know what's best for you... not us.

 

Enough of the harping.........

it's his money....Done Deal !!!!!

Lets help him !!!

He is in Georgia, that is a decent start.

There are many companies to lease to, but insurance may be a problem-not enough experience !!