Pipe Dream

Discussion in 'Ask An Owner Operator' started by MGE Dawn, Jan 9, 2020.

  1. Spyro2112

    Spyro2112 Medium Load Member

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    Stay away from maxforce
     
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  3. rachi

    rachi Road Train Member

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    You probably wont be able to afford the insurance which keeps going higher, especially for new oo's. Some guys paying upwards of $15,000 a year??
     
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  4. MGE Dawn

    MGE Dawn Road Train Member

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    ####, guys... the amount of info that's been sent my way is a lot more than I had ever hoped for.

    At this stage, I'm just researching and crunching numbers to get an idea of what it would potentially take to strike out on my own; I'd estimate that I'm still at least 5 years off from even considering any actual purchase, probably a lot more if the market keeps trending the direction it has been. Based on what I've seen here, though, it would seem that I started the planning phase at least 3 steps too far down the list, which means this thread served its exact purpose: a reality check.

    Thank you all again for all the kind words and support!
     
  5. PE_T

    PE_T Road Train Member

    I’ve given this advice in the past for those who have never tried the owner operator route:

    Get into a lease-only program that a mega fleet is offering. They will teach you how to run the business, they’ll provide you a business counselor, and so on. You may be asking why!? Because it is very risky to go ahead and just buy a truck without any owner operator experience. Think of a lease-only program as a “free trial.” Give it 3 months or one year. Once you feel ready, you can jump to the next step, which is to buy a truck. Then months or years later, you can decide to get your own authority or maybe just move to another trucking company with more opportunities like Landstar.

    Ultimately, what I’m saying is to take it step by step. Don’t rush it. Don’t skip steps.
     
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  6. FoolsErrand

    FoolsErrand Road Train Member

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    I think being a pretty good mechanic is a prerequisite personally. I doubt the truck i drive has gone 3 days without some little issue, and its actually a good truck. If not for my toolbox and roadside skills the truck wouldnt have made 20-30% of its deliveries. Thats probably the entire profit margin.

    They have yet to invent a truck that doesnt break, or a warranty that gets the load delivered on time. That means fixing it where it breaks is your best bet. So study up.
     
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  7. Brandt

    Brandt Road Train Member

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    This guy had radio show on how to make money. You can listen and see if you think his info is good or bad

    SiriusXM


    I say MPG is most important. Truck from 2002-2018 are pretty bad because they are just now figuring out the new emissions stuff. Repairing you own truck is not easy today
     
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  8. Thetrashnoob

    Thetrashnoob Light Load Member

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    Some closer to 20/25-30k a year. Takes a lot of work to be able to justify just the insurance cost it seems like!
     
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  9. rachi

    rachi Road Train Member

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    Yep, I agree with that.
     
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  10. PSM379

    PSM379 Heavy Load Member

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    Take the money you are thinking of investing in a truck, and buy real estate. Vacant land, for closed homes. Then when you make some money off that get a nice truck and only work when there’s good money to be made.
     
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  11. MGE Dawn

    MGE Dawn Road Train Member

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    And a passive source of income even while on the road, too... smart. Might just end up using that idea
     
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