TRUCK FINALLY PAID OFF BUT NOW...

Discussion in 'Ask An Owner Operator' started by codyschmidt, Sep 26, 2015.

  1. icsheeple

    icsheeple Trailing the Herd

    2,548
    2,545
    Nov 1, 2013
    Kansas City, KS
    0
    Lots of great info in this thread. The argument most make for new trucks doesn't make sense. They say new trucks less break downs, but this isn't true at all. From my experience any truck can require a tow, emmisions trucks seem to be more of a gamble from my observations.

    Another issue with a new truck and big payment is the down time for warranty repairs. New parts can be nationally back ordered. And the warranty repairs doesn't pay your down time and the high monthly payment is still due.

    I went the old iron route after researching the old versus new argument. I couldn't be happier. One point I have to make, like @Hurst mentioned, is make sure you like the old truck you buy. You will be married to it. Get the exact spec you want. It's a lot easier dropping $12k on a major repair on a work truck that pleases you to look at and ride in.

    Most interior issues on an old truck can be addressed. You'll want/need to customize it anyway. And while your at it you add sound dampening and thicker insulation while you putting it back together. Add a nice wood floor and maybe custom cabinets or a work station. Go crazy on the interior. It's cheap and easy and worth it.

    The math problem I used when making my decision was a new truck payment or lease payment can run $20-30k a year. A cheap paid off truck couldn't rack up that kind of maintenance unless you were beating up on it and just dropping your keys at the dealer and letting them find and fix things that had plenty of life left in them.

    If I heard a popping sound in my truck I wouldn't just start replacing parts until I pin pointed the issue. If I couldn't pin point the issue it would just crack me up if my truck made a popping sound for 1 million miles trouble free. Sometimes you have to simply wait till it breaks. There's no way I'd replace my diffs because I heard a sound and didn't know what it was and started playing pin the tail in the donkey one thousand dollar part at a time.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. IH Branded

    IH Branded Medium Load Member

    410
    102
    Jun 4, 2013
    Great Lakes area
    0
    yeah Dad always said if you aren't sure just keep running her and it will "raise its hand and say here I am" then you'll have the right spot.
     
    scottlav46 and icsheeple Thank this.
  4. IH Branded

    IH Branded Medium Load Member

    410
    102
    Jun 4, 2013
    Great Lakes area
    0
    On a new truck though I think if a guy could swing a new glider that would eliminate all the emission warranty what ifs
     
  5. icsheeple

    icsheeple Trailing the Herd

    2,548
    2,545
    Nov 1, 2013
    Kansas City, KS
    0
    Definitely most problems. I'd love a glider. But I don't want to run that hard. I've only done like 35k miles this year. Old iron encourages my lifestyle.
     
  6. snowwy

    snowwy Road Train Member

    18,607
    10,974
    Jul 6, 2009
    0
    the argument between new and used. i think, depends a lot on the driver.

    i've seen guys break down CONSTANTLY in brand new trucks, while some of us just keep on rollling in old trucks.

    i've also had old trucks, that never wanted to work.

    i'm on my second new truck. breakdowns in the first new truck were minor, and quick. with the exception of the injector cups towards the end. i started in that truck with 225k miles. had 450k when it got traded in. my second new truck. got it with 1700 on the clock. have yet to see the shop. i'm also spending a lot less money on fuel. besides the fact that fuel is almost 50% cheaper. this second new truck gets 1.5 mpg better then any truck i've been in so far. pulling a flat. 2 mpg better pulling a van. and that's in the mountains. governed at 72 mph.

    with the company i'm at. leasing newer trucks is costing the owner less money. then keeping the older trucks he had before i started. the repairs have been quick. he's not losing revenue. the repairs have been covered. he's not paying. tje drivers are working instead of staying at motels. and instead of averaging 5 mpg. he's averaging 6.5 mpg. pulling flats. 7plus pulling vans. BUT, he has more then 1 truck. so that business model works for him.

    being a 1 truck operation. that business model doesn't make sense. you also have the VERY BIG DISADVANTAGE of the fact. that NOTHING can seem to be repaired properly. THE FIRST TIME.

    KANSAS also makes a good point. freight is going to be SLOWWWWW. with drilling companies dropping faster then we can blink our eyes. there's not a lot of pipe being hauled these days. that's a lot of trucks looking to stay in business somehow. hauling freight off the loadboards. because there's no pipe to haul from their regular customers anymore. next couple of years could see some good deals on used trucks. but you better watch your butt. too many o/o's driving around with beat up trucks and bald tires and what not. california has a lot of overpriced junk for sale. cali is also a non american state. the percentage of american truckers, is very low.
     
    Ok big boy, scottlav46 and 04 LowMax Thank this.
  7. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

    5,447
    6,782
    Jan 20, 2010
    Hesperia, Ca.
    0

    Ding Ding Ding, "We have a winner Johnny"........Time's 2.....
     
    bigguns and scottlav46 Thank this.
  8. skro47

    skro47 Light Load Member

    159
    130
    Apr 26, 2014
    Québec Canada
    0
    If you only have one truck I would say the old iron is probably better. But if you want to expend some day, buying new is the way to go.

    I have 7 truck with over 1 000 000 km on them. I dont want to start having trucks down all over the country.

    If a truck is down I dont really mind the downtime, I have 12 other trucks rolling.

    All my new trucks are on waranty for 5 years, easy on fuel, reliable (for now!!! From 30 to 60 k on them)

    I wont get rid of the older trucks for now. Small repairs here and there, trucks runing local, always in 300 km radius. Easy to work on, no fancy electronics. If something isnt working or broken, it wont take 36 diagnostics to find.
     
    scottlav46 Thanks this.
  9. q in sac

    q in sac Light Load Member

    202
    56
    Jul 12, 2010
    Sacramento, CA
    0
    [QUOTEogo, post: 4812747, member: 81981"]You must not be familiar with the 2008 trucks with yellow motors in them ... unless you can pick it up for what you could get for it if you scrapped it, don't buy it. Trust me I had one.[/QUOTE]

    Truck weighs 7.5 tons. Scrap prices are at $45 per ton. For fun, that truck for is worth $337. 50 at Sims Metals. Lol.
     
  10. Highwolf89

    Highwolf89 Light Load Member

    294
    61
    Jul 30, 2013
    0
    I put so much money into my truck me and a buddy just had this conversation today. He hates the idea of old trucks I personally like old trucks because i dont want to work my life away with that new truck payment. The only thing I wish I would have done different is buy the truck My heart really desired from the get go. From rear ends trans and pete 379 or w9... now I am two payments away from pay off new motor and all components such as turbo and what not. putting over 40k in payments and maintance on a truck that I may get 28k for.. I would love to sell and buy the truck i want and take the loss but it keeps coming back to the same I know what I have as everyone says.. I have a buddy that has a columbia and he has put alot alot of work into the truck... and it is not the truck he desires ether.. But he has not done engine like you.. he has 749k on engine.. soon OH will be knocking on his door I keep telling him buy something you want because he can still get 32k for his truck as it sits from all the work he has done... But it is hard to figure out what to do... I still would love a pete 379 1997 or so... but dont know if my wife would like me starting over after I just did the engine... and a piece of equipment with 150k oh with papers is not a cheap price... So well come to the game of flip a coin and best of luck but know how to work on the truck thats how i did everything on my truck from flooring and painting interior I did it all on my truck from led under cab.. Did everything myself so i have put alot of custom stuff in my truck but everything I did... .. Good luck buddy
     
    Last edited: Oct 5, 2015
    rollin coal Thanks this.
  11. rollin coal

    rollin coal Road Train Member

    11,050
    17,713
    Mar 29, 2008
    TN
    0
    Yep you're exactly right. Buy what you want right from the start. I should have gotten a W900L. Been down the same path as you. Don't spend so much on maintenance anymore so it would really be foolish to start from scratch on another unknown used truck when I have a good one that's paid for. And so I will run it until it can run no more. Then next time get exactly what I want for probably the last rig I will ever buy.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted