Starting up. Intersting situation.

Best advice my Grandpa ever gave about investments is do not invest in something you have no first hand knowledge about. He built a flight simulator instrument company from the ground up. Only ever invested in stocks related to the aerospace industry and computer companies. Never lost money because he never sold a stock for less than he bought it...cause he simply didn't need to.

Good luck in whatever you decide. I'd recommend being a company driver for a couple years before making a decision.

 

Your dad has trucked for 35 years and he can't answer these questions for you? After you pay a driver 30% of gross, pay a shop a $100+ an hour to do the maintenance, and a broker gets a percentage for loads there won't be any profit for your buddy. If you think anything of your friend advise him to invest his money elsewhere.

 

That was $14000 but now with the super motor worth a little more!

 

Id say you got yourself a good deal

 

I will make it easy for you. I will sell you my one truck operation currently producing 250k for an even 80k. And since you already have a Driver you can begin work immediately.

 

If you're interested in making money, you won't be focused on buying an old show truck. You should be looking for something more efficient and a whole lot less money for a first truck. There's trucks out there with recent rebuilds for 20k. You need to look around a little more.

 

Paid for or not, you really need to think about this statement.

If you're wanting to start a business and make money doing it, you should be quite keenly interested in maximizing your profits. That half a mile in fuel consumption will add up over time and could perhaps make the difference between the red/black. Every dollar you needlessly belch out of a chrome exhaust stack is a dollar you should be concerned about.

Follow some of the advice in this thread. You can find a newer, more aerodynamic and more fuel efficient truck for cheaper. We all can get smitten by the sweet kiss of nostalgia, but don't let that cause you to make a poor business decision.

 

Your going to get ate, like a candy bar. Find something else to do.

 

Resources for Learning the Business of Trucking