Some numbers for new O/O

Discussion in 'Ask An Owner Operator' started by DUNE-T, Aug 23, 2018.

  1. tommymonza

    tommymonza Road Train Member

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    S.W. Florida
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    My plan exactly but my current company keeps me here for now even though the pay isn't top pay but fair with out Micro management . Just do your job and help out if they need you in a Pinch and they will work with you for time off also.

    The company that I have been with the last 8 months has me in a nice Western Star Glider that has 300 thousand but runs and looks like new and they keep all their tankers in top condition also along with the shop being Johnny on the Spot for any needed repairs.

    Even if I wasn't planning on going O/O soon they would make it very hard for me to go to work for someone else for more money.

    The new nice Western Star glider equipment really has me Sold.

    And They may not be the Prettiest Girl at the Dance ,but at least I know who I am dancing with.
     
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  3. Baserun05

    Baserun05 Bobtail Member

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    May 25, 2017
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    So right
     
  4. Bean Jr.

    Bean Jr. Road Train Member

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    Mar 30, 2014
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    Although it really doesnt make much of a difference, why new trailer for $600? Maintenance on trailers is mostly tires and brakes. Most dry vans have a serviceable life of 17 years, so buying used will save in both down payment and monthly payments.
     
    Farmerbob1 Thanks this.
  5. jochnessmonster

    jochnessmonster Bobtail Member

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    Sep 9, 2012
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    This is my current ins and outs:

    Commercial truck and trailer loan 230,000
    Weekly income 5800-6500
    Weekly miles 3000-3200
    Monthly loan payment 2,760
    Insurance 1,200
    Repairs 25,000 a year (but nothing major as of yet.)
    Fuel 3500 a month before FSC and Comdata discounts
    Misc 500
    Food 500
    Rent 0
    Personal expenses 750

    6200x7= 24,800 -2,760 -1,200 -3500 -500 -500 -750 =15,590 profit a month +/- 1000

    14,590.00 profit a month. ..ish.
     
  6. TIMPTE 527

    TIMPTE 527 Medium Load Member

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    May 28, 2018
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    I'm just blown away that your truck and trailer loan is as much as a home loan. I can only imagine about the time something like that is paid off its time to upgrade and start all over again. I hope this doesn't happen 20-30 years later the only thing to show for it will be a lot of hard work and an empty bank account.
     
  7. Scooter Jones

    Scooter Jones Road Train Member

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    3500 dollars a month in fuel cost on 12000 plus miles?
     
    spyder7723 and Ruthless Thank this.
  8. Ruthless

    Ruthless Road Train Member

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    Aug 28, 2010
    The City.
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    Turbo3000D
    ;)
     
  9. Scooter Jones

    Scooter Jones Road Train Member

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    I guess...
     
  10. mover man

    mover man Road Train Member

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    Just pipping in, everyone I no, who has payments. Who did not buy a 10-15 year or older truck. Payments are equal to or highet than a mortage (including principal interest escrow) What blows me away is this.
    Buy a new truck $150-170k put 20k down. In 5 years its paid for.
    Buy a house depending in where you live. 150-350k put 20% down THIRTY YEARS before it is paid for.
    Yes I no about 15 year mortage and using helo's etc to pay early. Just talling about conventional mortage.
     
  11. mover man

    mover man Road Train Member

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    Feb 21, 2010
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    .29 com or $1.75 per gallon. I want his fuel discount card!!
     
    Bean Jr. and Tug Toy Thank this.
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