Some numbers for new O/O

I'm amazed at how much some truckers know about the specifics and ins and outs of companies they have worked for or have heard about.

I'm assuming that not one person who has commented about these companies supposedly buying brand new Trucks for 40% to 50% off the msrp, has actually ever seen the invoice themselves.

It's only hearsay. It usually goes like this, "I heard from Frank who knows Joe who is married to Sally who is sister of Mary that works in the office. She told Mary who told Joe who told Frank that she overheard someone in the office say that they are buying brand new $150,000 Freightliners for $79,000." LOL

I've heard more elaborate and inflated stories about Marvin May (owner of May Trucking) in the driver's lounge, when I worked there back in the day, than you can imagine

 

Gordon Trucking was kind of unique. A few members of the Gordon family were good friends with many of the drivers. One of my best driver friends who I still talk to daily and I met while working at Gordon went on vacations with the Gordon family every year. They didn't hide the fact that they were making a killing on their trucks. But they also took really good care of their fleet, and many of their used trucks are still rolling today. I believe Dave in AZ had or has one if I'm not mistaken. Ordering 200 trucks in a single shot every three years can carry a lot of weight with a manufacturer and get you some amazing discounts. Other than the APU, they were bare bones with no frills, so I'm sure that also saved a lot on the costs when they bought in volume.

 

I don't doubt that any company buying or leasing 200 trucks at a time are going to be able to negotiate a better deal than the average Joe Blow, however, it's not 40% to 50% off the MSRP. I just ain't buying it. But in the end, what difference does what I think about it make anyways? LOL

 

On the other hand, when I think about it, is there really $160K value in a new truck? How much of a real cost is there to make it, if we itemize it? I wonder.

 

Thats a good plan, problem is many guys. Have to buy used, pay it off and run for two years with no payments while saving. That' how they come up with that 30-40k down payment plus 8k trade.

 

If you’re making good money as an O/O chances are you aren’t using many brokers and you can smell from a mile away if someone is about to fool with you.

 

I don’t understand why this thread even exsists if there isn’t any useful information regarding the start up, sustainability and profit/loss of being a truck owner. I mean the threads name is “Some numbers for new O/O” so...let’s throw out numbers, let’s share profit and loss there IS enough freight to go around, us sharing info will not impact your ability to get loads. if you genuinely do not think there is enough freight to go around you’re probably also listening to Coast to Coast AM waiting for the black helicopters to come take all your money away

 

Look at the load to truck ratio for the last ten years in a low manufacturing area like Florida or upper Wisconsin and then talk to me about how "there is enough to go around".

 

Find me articles or sources to support that.

 

Ya anyone claiming 40 to 50% discounts is a nutjob with no clue. Now 15 to 20%? I can believe that. Especially considering the large fleets buy straight from the manufacturer so dealer expenses and profit is eliminated from the equation. And the finance terms a financially sold big company gets are freaking stellar. If ford is willing to give me 1.9% for 36 months i can only imagine what swift gets from Kenworth. I wouldn't be surprised if its interest free.


Side note, back in the late 90s/early2000s freightliner was advertising guaranteed buyback #s. They lost their ### on it when the economy tanked and used truck prices fell to the floor.