newbie with a million questions.....

First off, If you can afford to pay cash for a $135,000 truck, I would hang onto that cash and run like he77 from the trucking buisness. But thats just me.

On your math,

2200 mi / 6mpg = 367 gallons 367x2.18 = 800.00 wk

On your Insurance. If you lease to a carrier roughly $150.00 wk

Maintnence,tolls, misc. varies but we will use $200.00 wk

$85,000 over 4 yrs= $416.00 wk


2200 x 1.10 = $2420.00

-800.00
-150.00
-200.00
-416.00
---------
net $854.00



Not actual, just to give you an idea what your up against.

 

To pay for a truck you need to run 3500 mi/week, and it will take more than a 1.20/mi rate to make it profitable. Insurance is a big worry, you need Liability, bobtail, and personal injury-sickness etc. Fuel is 2.10 @5-6mpg. fuel tax rado use tax fed tax, fed road use tax every year in August, I can't begin to tell you all the expenses. Buy new and trade when the truck has warranty left, a big selling point. I think I'll start a class in trucking 101. Make beter money.

 

better money

 

He did'nt include your own insurance either. Thats about $400/mo.

 

Yea, I just gave him a rough draft of being leased to a big carrier.

We all know how those "Woops, what the heck was that" expenses come up. LOL

 

I wouldn't buy anything first of all that would cost 135k..............Secondly please do extensive research on this business before you jump in it!

 

ME TOO!!!
But if your dead set on buying a truck and getting into trucking take that $135,000 and find a good used truck for a lot less and use the rest as operating capital. My friend found a 389 Pete less than a year old and with less than 40,000 miles on it in Colorado for under $90,000. And look into who you sign with. And don't count on being able to sell your truck in a couple years. That depends on the market.
This industry is hard for newbies. It's hard for owner operators right now. And to be a newbie AND an owner operator.... GOOD LUCK!

 

Who is going to hire you with no experience?

You may not have heard there is a over capacity of trucks now, if you lease to a big company with company trucks, who's truck is going to get the work and who is going to set?

A w9 with a studio may be to heavy for all the cheap per mile carriers.
Find a good hobby besides trucking, you'll have more money left a year later.

 

Let us know how things go. It should make for an interesting read