Possible to net 80-90k as owner-operator with only an F450? hauling anything

Discussion in 'Ask An Owner Operator' started by Random user, May 13, 2018.

  1. Random user

    Random user Light Load Member

    Joined:
    May 13, 2018
    Messages:
    78
    Thanks Received:
    44
    0
    Title.

    Would have to pull their trailer. I would only have the truck.
     
  2. ast26909

    ast26909 Medium Load Member

    Joined:
    Mar 1, 2018
    Messages:
    408
    Thanks Received:
    264
    0
    It's possible but you would have to run hard in an area with lots of work. Do the math, driver 50 cent per mile, fuel + truck repair/maintenance 50 cents per mile, insurance $1000 per month, registration, fees, taxes... See how many miles you have to run to net 80-90k.
     
  3. Random user

    Random user Light Load Member

    Joined:
    May 13, 2018
    Messages:
    78
    Thanks Received:
    44
    0
    3,328 miles per week, 173,076 miles per year.
    (.65 mile driver, 90k year after taxes)

    Seeming like a no for me with those numbers.

    On top of that I dont have a traier. Id have to hook up to their gooseneck/5th, deliver, then bring it back. May be worth getting my own at that rate.
     
  4. Old Man

    Old Man Road Train Member

    Joined:
    Apr 3, 2009
    Messages:
    4,597
    Thanks Received:
    13,470
    Location:
    Oklahoma City, OK
    0
    If you’re going to run those kind of miles you better just finance for two years. It will be slap wore out in 3 years and worth nothing.
     
    rank, spyder7723 and villageidiot Thank this.
  5. ast26909

    ast26909 Medium Load Member

    Joined:
    Mar 1, 2018
    Messages:
    408
    Thanks Received:
    264
    0
    A new Dodge Ram 5500 is around $50,000 at 100,000 miles per year after 2 years the truck has 200k miles will be worth around $25,000 so it would cost 25 cents per mile for just the truck.
     
  6. grizzlyfreight

    grizzlyfreight Light Load Member

    Joined:
    May 12, 2018
    Messages:
    53
    Thanks Received:
    23
    Location:
    Los Angeles, CA
    0
    My good friend has a Dodge ram 3500 Cummins, and he has his own o/o hotshot company. I have seen his numbers he grosses 17-22k a month. But do understand that he has been doing this for a long time, and has lots of customers and barely has to go on DAT/truckstop to get loads. His loads average 1.75-2.25 a mile.
     
  7. GreenPete359

    GreenPete359 Road Train Member

    Joined:
    Oct 21, 2017
    Messages:
    2,152
    Thanks Received:
    5,101
    Location:
    Driving my recliner
    0
    Don’t forget a 450 is not designed as an otr truck. It’s not built to run 100+ miles a year. Imo you’re way better off with a class 7 or 8 tractor, something that can take the abuse. You could run a single screw day cab, they are kinda just over grown pick ups anyway.
     
  8. boredsocial

    boredsocial Road Train Member

    Joined:
    Apr 13, 2014
    Messages:
    1,591
    Thanks Received:
    2,493
    Location:
    Louisville, KY
    0
    +1 to buying a full size rig if it's financially feasible. I don't see many hotshots that have been around over a year. This isn't because hotshots aren't a viable business, it's because pulling a 48' flat or a 53' step is just way better. More money to the truck and vastly less work to dispatch.
     
  9. Random user

    Random user Light Load Member

    Joined:
    May 13, 2018
    Messages:
    78
    Thanks Received:
    44
    0
    So is there a better chance I'll make it with a class 8 then ...
     
  10. boredsocial

    boredsocial Road Train Member

    Joined:
    Apr 13, 2014
    Messages:
    1,591
    Thanks Received:
    2,493
    Location:
    Louisville, KY
    0
    I mean you have to be a good truck driver. I'd definitely read Double Yellow's company driver to O/O thread completely. In this context I mean 'good truck driver' exactly the same way the company you work for now does. I mean can run a lot of miles without very many problems largely on time. Even when times are good as they are now newbies have a pretty short lifespan. It's a hard business.