Should I leave my job to become an owner operator

First, a little about myself.

I live near Detroit, MI and a I'm a local truck driver making $1800 (before taxes) a week with around 55 hours worked. The company treats me good and I have no complaints about them whatsoever.

I'm 29 years old and I have a wife and a 17 month old. I'm looking into buying my own tractor some time in the next few months. I have $50,000 saved that will potentially be a down payment towards my own day cab. I'm looking to buy a brand new freightliner.

I just need some straight answers about all expenses in owning your own tractor and if it's worth it. I've searched local opportunities in my area and I've found a job that pays $990 a day with a round trip of 546 miles. 6 days a week. Obviously I know fuel is a huge expense but what other big expenses eat a way at your profit? Would it be worth it for me to make this decision and leave the company I've worked for for 6 years? Given the information I posted would that job be profitable at the end of the week? If you need more information I'll be here!

Thank you in advance for all responses!

 

Thanks for your response! I have no idea what insurance would cost. I just thought about potentially making this decision the last couple of days. Still trying to figure out what to do and if it's any worth the jump!

 

Thank you for the response! The expense in owning a truck is where I'm truly in the dark.

 

Just reading a little more about owning your own truck, seems like everything has gone up the past couple of years. $25k is a lot of money to insure a used truck. Wow.