I need your help - Thinking of buying a tractor

Why do you want to do this ?
Pretend I'm an investor and I WANT to finance the whole entire business for you , why should I do it ?

 

Honestly even as a mechanic the margins on a truck with driver are pretty low. Especially for a local boy in a daycab. You would be better served to open your own shop or buy a road call truck to build wealth. Get a good dealer laptop and you can make bank in comparison.

Local loads tend towards the low pay unless you are in an industrial hub. And even then odds are good you will get a meatbag with a pulse rather then a driver at any rates that would make you good profit. If you want a good driver then expect to pay a lot of cash, good drivers get faught over and rarely go to small onsie twosie new ops. Not when there are better established places.

And as a new company you can expect to pay through the nose for truck insurance and be turned down for a lot of loads which will further eat into your profits. Honestly you would be lucky to make $500 a month in profit in most cases. And if meatbag causes a huge wreck you will be on the hook.

 

There'd only be real money in doing specialized loads or building a fleet. A good experienced driver would likely run 1200-1500 per week. Insurance on a new authority could be north of $25k/yr. Income could vary quite a bit depending on location. The best paying area might be the midwest, where the truck could gross upwards of $3k per week. Maybe even $4k if you're willing to spring for a couple of nights per week in a motel.

 

Definitely take your money and invest it in the laptop and software that allows you to work on all makes and models. You'll have less headaches and make way more money.

 

You won't find anyone decent to run by the mile in a daycab. That's hourly pay type work.

The margins are pretty slim. Last fall I was looking in to buying a hotshot truck. By the time a guy paid the driver, insurance and fuel there was basically sweet F all left over to put towards maintenance and for eventual equipment replacement. Never mind a penny or 2 for my own pocket.

 

Where are you located?

btw no banker cares if your a man or that you want to make money for your family. All they care about is that you will make them money and are a good risk.

 

But YouTube says I can make 400k a year...