My Swift Adventures as a SUCCESSFUL L/O

"Plus, you are not taxed on it until you withdraw it." Not true, concerning your maintenance acct.

I had a conversation with my ATBS acct rep and he told me that maintenance acct money is taxed. So you won't be taxed again when you do draw it out.

just fyi,

 

After thinking about it for like 10 minutes over a smoke and a cup of coffee. I've realized that my comment was childish and hurtful, for that I do apologize mr. Lost-in-montana. You have your reasons to say what you do. I'll leave it at that.

 

If this is the case, and considering you have enough discipline. Wouldnt it just be better to hold that maintenance money yourself in an interest bearing account? What would be the advantages and disadvantages of doing this?

 

I am having a great experience with Swift and my 'buy out' truck, I wish I had done it sooner. But you have to be smart and think all the time, you can't let your guard down and just coast along and expect things to just work out for you.

It occurs to me, that maybe what I call the last great recession, yes a lot of drivers lost everything due to the economy and lack of freight. So if someone is angry and bitter and has had a bad experience, consider the time frame when you tried making it as an L/O. And if the economy was a factor in your failure.

Concerning getting the best MPG, I found that for my truck doing 59 mph is the best speed. I have sat for hours and hours and days and days trying and experimenting with different speeds to see what works the best. All I can say is for you to do the same, experiment and see by your 'performance monitoring' tab how your mpgs are doing, then decide for yourself.

I make better money now than I ever did as a company driver, and I drive less miles each week to do it, plus I maxed out the pay scale as a company driver.

Having your own truck is a huge learning and growing experience, at least it has been and still is for me.

Its a giant step to take, but once you do, you won't ever want to go back to being a company driver again. just IMO.

Good luck and take care, all the best to you!

 

Yes you could, but if you can trust yourself or your spouse not to touch it, or spend it, they yeah, do whatever you want. However mine I don't touch, I leave it alone in Swifts hands. However when the day comes for me to buy a new set of tires, the moneys already there, no hassles.

I was told, that a big reason some guys do fail is, because an unexpected expensive repair arises and they have no money in that acct or in their bank to cover the expense.

 

And while on this same note.

you have to be aware of what your future expenses are going to be for that truck to maintain it. $300 oil changes, $3000 set of drive tires, $1500 steer tires, brakes, clutches, and maybe, maybe not, a whole lot of other things, that you and only you will be responsible for fixing and paying for.

just fyi,

 

How many mpg do you get going at 59, and with what weight?