Thinking about buying a day cab

Discussion in 'Ask An Owner Operator' started by ThunderCookie, May 17, 2024.

  1. ThunderCookie

    ThunderCookie Bobtail Member

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    May 17, 2024
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    So I found a day cab I would like to purchase. I drove from 2015 to 2018. I quit trucking and went into the medical field. Spent 2 years in X-ray school and graduated in December of 20. Got a job working only on the weekends but it's a full time job. My shift is 36 hours (I sleep at the hospital but I'm on call so I can get woken up at anytime. Sometimes I don't get sleep) from Saturday 0700 to Sunday at 1900 then I'm off the rest of the week (M-F). I have a cousin that bought a truck (not a semi, kinda like a F450) that he uses to haul Peanuts. He says that he gets 100 dollars per load and that there is never a shortage of loads but they always have a shortage of drivers at this peanut plant. He literally works the 3 months of the peanut season and he makes enough to not work again until the next peanut season (which is 9 months away at that point) and he has a 2 kids and a wife and they just bought a house and land. He wife works at a tomatoe sauce making place, so she doesn't make a huge amount of money. Anyway he said that the semi truck drivers get 200 per load and they struggle even more because they don't have enough drivers. I found a Volvo 10 speed day cab with 375k miles on it and the guy wants $20,000 for it. I figured if average 5 to 6 loads a day, I could pay off the truck in just a couple weeks and everything after that would be nothing but profit (Minus the obvious expenses like insurance, fuel, maintenance blah blah). Do y'all think that this would be a good idea??? I'm really thinking hard about it but I want some opinions from other actual truckers. I'd still keep my weekend job, this would be a side thing that I do in September when the peanut harvest comes in.
     
    viper822004 Thanks this.
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  3. Accidental Trucker

    Accidental Trucker Road Train Member

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    Before you even start thinking about it:

    1) get an insurance quote
    2) your ability to drive will be limited by the fact that your 36 hours count for your Hours of Service limits.
     
  4. lester

    lester Midwest's #1 Feed Hauler

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    anything in trucking that pays good doesn't usually have a hard time finding enough trucks. usually means pay is low or conditions are hard on trucks..or both
     
  5. snowwy

    snowwy Road Train Member

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    I'm guessing unloading peanuts is a PITA. And probably takes all day.

    Who has the trailer? And what's THAT cost?

    The load pays good if you had a semi. But what's the rest of the story.

    I'd like to buy a truck too. But the work is seasonal. And I have no desire to plug in an ELD to go long haul for the winter.
     
  6. abyliks

    abyliks Road Train Member

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    Go to Vegas and put 100k on red, you’ll have a better chance of walking out ahead

    cheap old trucks are often the same, if not more to run down the road than a grand new one
    - sincerely someone who runs an old truck every day…
     
  7. AModelCat

    AModelCat Road Train Member

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    100%. If its worth doing you'll have people lining up for it.
     
  8. SL3406

    SL3406 Medium Load Member

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    Sorry, but I'm struggling with your math. $200 a load x 5 a day is $1000. Subtract maybe $300 a day for fuel you're left with $700 a day. $3500 a week, if you and the truck never miss a day you could potentially gross $42,000 in 3 months. $20k for the truck, and likely $15k for insurance so you're left with $7k to pay for registration, road use tax,maintenance etc. The absolute best case scenario you can dream up you would only break even the first year.
     
  9. abyliks

    abyliks Road Train Member

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    JMO, my truck will sit in the yard for $1000 a full day

    he will also have 50k into that 20k truck by the end of the year
     
    SL3406 and rollin coal Thank this.
  10. snowwy

    snowwy Road Train Member

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    He didn't say how many miles.

    I spend $350 every other day. Give or take a few bucks.

    I fill up def every other tank. 4 days. Which adds another 6-8 gallons at the going rate of $4.09 per gallon.
     
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