Should I wait to become an Owner Op? Will truck prices lower?

I'm in the same boat and just waiting it out. Everything thats going on in trucking right now seems chaotic. With semi truck prices nearly doubling in December I figured once this covid crap lowers hopefully by May.. June looks like a good time to purchase a truck & obtain my Authority. Everyone's situation is different but unless every load board shows me the average lane I'm gonna run is $4 to $5/mile im not buying a new truck for $250k to $300k because its not profitable. Less problems with a Newer truck with warranties so the rates have to be equivalent.

 

That’s a bad@$$ truck!! Looks awesome.

 

It's gonna take a lot longer than may or June for truck prices to come down. First there would have to be a good supply of new trucks. Then many months of guys asking high prices and NOT getting them.

 

A big failure point for many businesses owners is not having any patience . The market is cyclical give it a year or 2 then check back . These truck prices wouldn't be so high if these clam heads wouldn't pay 500k for a million mile truck

 

Thanks just don't get close. Its a work truck at best.

 

Thats what I have to say about the pic I posted. After it dries it looks like crap again. A freshly washed still wet truck is deceiving.

 

Truck prices are not going down anytime soon.

It's a perfect storm out there now.

It's hard just to get parts now, I've had to source used trucks parts when had some breakdowns.
Dunno if it's true but shop told me part of the problem is truck manufacturers withholding parts to go towards new trucks because new builds are all messed up and delayed too.

It's all crazy now.

How are Rates going to go down soon when it's hard to get a truck?
Plus it's not appealing to become a new truck driver as a student locked in a truck with a trainer with covid still out there.
Then you have the effect of vaccine manadates being pushed on drivers, some quitting over that and less appealing to join industry over that.

Plus you've got inflation out of control, oil pricing rising with no end on thanks in part due to the unlimited fiat money printing and federal reserve not doing much of anything to combat inflation. All of which puts pressure on truck prices too.

 

All I got to say is ... Watch the stock market.. and the last week it's been about as stable as a 1 legged Crack Ho on 6" heels
The guys with the tunnel vision out look have got a lesson coming..

 

They don’t need to be spotless to be ###### fellas!! Old school muscle with some character.

 

Well I applaud you coming and asking first before diving in headfirst.

I would caution against buying some cheap worn-out truck because that can cause you more headaches and cost you more money than you could ever imagine if you don't know what you're looking at and especially if you can't repair it yourself.

Trucks are like women. If you think you're going to grab the first cheap one that you find that has a lot of mileage on it and think that's going to be good and dependable and not be problematic, think again.

Now if you know what you are looking for and you can spot a diamond in the rough and you have the knowledge and the ability to put some elbow grease into it then you can have something good.

So the best advice that I can give you is just make sure that you are financially ready whatever you do. This business has a way of looking like it's really easy, hey I'll just go get this and I'll go make money and look at me...

It pretty much is always going to cost more than you think and often it's a massive amount beyond what you think.