New Kenworth w900? Worth it?

Discussion in 'Ask An Owner Operator' started by navitatla, Oct 9, 2015.

  1. HorseShoe

    HorseShoe Road Train Member

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    Go new. You'll enjoy the ride and peace of mind with warranties. Don't bother getting a junker they're nothing but a headache
     
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  3. navitatla

    navitatla Bobtail Member

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    Well I'm not in a rush to get my own authority but if I do plan on staying on the road for atleast 5 years why not just buy my own and keep a bigger chunk of the change? The 0% down on a new truck I'm not going to lie seems very tempting but the payment will be around 3500 to 4k/month so I'm wondering if it's worth it. I've read somewhere the average income for a driver is 30-50k annually while owner operators are bring I'm 100-150k annually that's double the income!
     
    D32 Thanks this.
  4. navitatla

    navitatla Bobtail Member

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    I was actually contemplating if giving nothing down is worth it, I've got good credit and the 0% down seems tempting. But the payment on a 190k rig like that will probably be around 3500-4k a month. I want to pull super b hopper bottoms, I don't know how the rates are pulling hoppers tho but it seems like good work.
     
  5. rollin coal

    rollin coal Road Train Member

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    OK the cold hard truth is most o/o gross big money. Two and three times what a company driver does. And by the time expenses eat into it they keep less than a company driver. That's just how it is. When you're doing what everyone else does that's how it goes. Nothing special about it. You're a commodity basically. That is not to say you couldn't get yourself into a $180,000 truck and pull it off but the odds are against it and you will have little life outside of your work. I knew that back then and it intimidated me. Knowing what I know now I wish I had done it then. Chances of failure are high. As long as you go into this eyes wide open and quit looking at that $150,000 gross as if it is something special. Cause it really isn't.
     
  6. bigguns

    bigguns Road Train Member

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    That $150,000 gets whittled down to a paltry sum in very short order. You will probably end up married to the truck for some time. Take some reasonable projected figures and subtract those numbers from 150,000. It is way easier to draw that big fat number down than it is to build it up. rollin coal has nicely summed it up.
     
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  7. bigguns

    bigguns Road Train Member

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    Advice from a savvy old man I knew: 30 days in prison is a d_ _ _ long time & 30 days on a note comes d _ _ _
    quick.
     
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  8. TripleSix

    TripleSix God of Roads

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    You yourself said that the pay was $6k a month if you took it easy. So that would be the slacker rate.
     
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  9. FinkPloyd

    FinkPloyd Light Load Member

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    Now If only that were on a bumper Sticker... :D
     
  10. spyder7723

    spyder7723 Road Train Member

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    Very few owner operators actually make more money than good company driver positions. It's up to you too be one of the few instead of one of the many.
     
    navitatla Thanks this.
  11. Captain Canuck

    Captain Canuck "Captain of the Ship"

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    Woodstock, NB, Canada
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    Just FYI for you folks quoting prices for W900L Icons in the US: the Canadian dollar is only worth 76 cents US right now. New truck sales are taking a serious hit and used truck prices up here are going crazy. I got a quote on a new Western Star 4900 EX Lowmax a year ago at $205K. But seriously, if you wanna drive a brand new long hood, I don't think they're going to be around in quantity for much longer.

    All things being equal, a brand new truck with all the bells and whistles doesn't earn a penny more than a 15 year old truck. But let's say that 15 year old truck needs about $2K/month in upkeep. Compare that to your brand new $4k/month truck truck payment and decide for yourself which way you're further ahead.
     
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