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If you had $70K to start on your own would you buy outright or finance?

Discussion in 'Ask An Owner Operator' started by staceydude, Jun 27, 2020.

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Jun 30, 2020 #91

Mohaina Bobtail Member

11

1

May 22, 2019

0

Kshaw0960 said: ↑

I’ve owned 5 trucks and never had a payment. That said, I would invest the $70k elsewhere and work as a company driver, maybe local, with benefits.

However personally I love my freedom and enjoy what I do. So, with $70k I would buy a 2014 cascadia from Ryder (I just bought one with 400k miles for $27k problem free so far). Let’s assume maybe $33k for truck. $2k apportioned plates, NM, KY permit, HVUT. Now we at $35k. A bit more thousand for the “unicorn” update. Followed by buying a trailer, used so you don’t pay that crazy tax. As close to new as you can get. So around $20k for dryvan, more for a full aluminum spread axle flatbed. Don’t buy a reefer. Still money left to pay insurance all at once, and a bit saved in the bank.

As far as an older pre emission truck, I have 3 and they are solid trucks now, but weren’t when purchased. There is so many things that go wrong until you’ve owned them long enough where they become reliable. Even if it’s just a $10 fitting or part, it’s still going to destroy the day depending where in the country you are. I truly believe a newer truck, with the prices so low since the economy tanked, is more likely to be successful.
Click to expand...

Hello there, can you please share how many miles now on that Cascadia 2014 you bought from RYDER , i heard they maintain well their lease truck and been advised to buy used truck from them.

Mohaina, Jun 30, 2020

Mohaina, Jun 30, 2020

#91
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Jun 30, 2020 #92

Kshaw0960 Road Train Member

1,581

5,023

Jun 17, 2018

0

Mohaina said: ↑

Hello there, can you please share how many miles now on that Cascadia 2014 you bought from RYDER , i heard they maintain well their lease truck and been advised to buy used truck from them.
Click to expand...

Their price was $37,450. After negotiating and about 2 weeks I got it for $27,250 cash and 2 free oil changes. I don’t think it’s a bad deal. 2014 cascadia with all aluminum rims and 441k miles. 455k miles now and zero issues other than a $9 air hose fitting I replaced.

Kshaw0960, Jun 30, 2020

Kshaw0960, Jun 30, 2020

#92

blairandgretchen Thanks this.
Jun 30, 2020 #93

Mohaina Bobtail Member

11

1

May 22, 2019

0

Kshaw0960 said: ↑

Their price was $37,450. After negotiating and about 2 weeks I got it for $27,250 cash and 2 free oil changes. I don’t think it’s a bad deal. 2014 cascadia with all aluminum rims and 441k miles. 455k miles now and zero issues other than a $9 air hose fitting I replaced.
Click to expand...

I appreciate your reply, by no mean a bad deal ,i really hope you will have another 400k without any major issues, just be very rigorous about the maintenance especially the after treatment system, at least every 150-200k miles replace the DPF filters (just give your old one and get the clean one)
Check the ATS harness for dirt ,muds or snowing winter also about every 250k miles change the 7 injectors (doser) by choice , more luckily you won't have any problems with your ATS which can cost you a tremendous $ .

Mohaina, Jun 30, 2020

Mohaina, Jun 30, 2020

#93
Jul 13, 2020 #94

18 wheels of fury Light Load Member

167

87

Oct 31, 2015

Houston

0

Kshaw0960 said: ↑

I’ve owned 5 trucks and never had a payment. That said, I would invest the $70k elsewhere and work as a company driver, maybe local, with benefits.

However personally I love my freedom and enjoy what I do. So, with $70k I would buy a 2014 cascadia from Ryder (I just bought one with 400k miles for $27k problem free so far). Let’s assume maybe $33k for truck. $2k apportioned plates, NM, KY permit, HVUT. Now we at $35k. A bit more thousand for the “unicorn” update. Followed by buying a trailer, used so you don’t pay that crazy tax. As close to new as you can get. So around $20k for dryvan, more for a full aluminum spread axle flatbed. Don’t buy a reefer. Still money left to pay insurance all at once, and a bit saved in the bank.

As far as an older pre emission truck, I have 3 and they are solid trucks now, but weren’t when purchased. There is so many things that go wrong until you’ve owned them long enough where they become reliable. Even if it’s just a $10 fitting or part, it’s still going to destroy the day depending where in the country you are. I truly believe a newer truck, with the prices so low since the economy tanked, is more likely to be successful.
Click to expand...

I have cash to buy 2 trucks any suggestions on a good company to lease them on with...I was thinking of going the Ryder truck type route as well

18 wheels of fury, Jul 13, 2020

18 wheels of fury, Jul 13, 2020

#94

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