New O/Os

Discussion in 'Ask An Owner Operator' started by Beaver9, Feb 3, 2022.

  1. Beaver9

    Beaver9 Heavy Load Member

    966
    1,183
    Jun 15, 2020
    0
    Yep.

    I would want to hear form ones who have been successful financing it. I couldn't get banks to approve my equipment at old market prices two years ago. So, how is it done now?
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Beaver9

    Beaver9 Heavy Load Member

    966
    1,183
    Jun 15, 2020
    0
    You are low on insurance cost. Way more than that.
     
  4. Beaver9

    Beaver9 Heavy Load Member

    966
    1,183
    Jun 15, 2020
    0
    That is why these forums help--to keep us less ignorant. :)
     
    blairandgretchen Thanks this.
  5. Beaver9

    Beaver9 Heavy Load Member

    966
    1,183
    Jun 15, 2020
    0
    Wow.
    A good buy!
    Good luck and enjoy the run!
     
  6. Jed2009

    Jed2009 Light Load Member

    195
    573
    Jan 8, 2020
    Midwest
    0
    That’s my number with an old POS. About $8.5k a year truck insurance and $11k a year health insurance. I suppose if he’s going new that number for truck insurance would be double? Triple? I wouldn’t know.
     
    blairandgretchen Thanks this.
  7. Short Fuse EOD

    Short Fuse EOD Road Train Member

    2,774
    8,667
    Jul 29, 2015
    Midwest
    0
    I’m paying 23k all new equipment. So it can be steep
     
    Beaver9 Thanks this.
  8. Terlingua

    Terlingua Medium Load Member

    487
    1,019
    Oct 24, 2021
    0
    This really is exactly what I would like to do. I'd rather get a cheap 2007 or older Freightliner with a series 60 and plan on putting $20-30k into it and end up with a mostly reliable truck that's paid off.
     
  9. Czar_Zero

    Czar_Zero Road Train Member

    1,665
    22,529
    Mar 20, 2018
    Orebegone.
    0
    delete
     
    Last edited: Feb 4, 2022
  10. Ridgeline

    Ridgeline Road Train Member

    22,389
    116,348
    Dec 18, 2011
    Michigan
    0
    $50-60k in the bank if you have a new truck

    $75k minimal in the bank if you buy used and you did your due diligence on the truck
     
  11. Touch Freight Freddy

    Touch Freight Freddy Light Load Member

    121
    173
    Nov 12, 2021
    0
    This is pretty much my whole career motto, well said.
     
    blairandgretchen and Vampire Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.