Truck purchase- good deal?

Discussion in 'Ask An Owner Operator' started by DDlighttruck, Feb 6, 2017.

  1. DDlighttruck

    DDlighttruck Road Train Member

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    2005 International 9900i. Isx, 13 speed. New drive tires, motor has been replaced with a low mileage used motor last year, both diffs were done in the last 2 years, rad and cac were done last year, batteries and brakes recently, clutch and tranny in the last 2 years as well. Probably forgetting more, those are the big ones.
    -It would be a private sale, from a friend, who has the maintenance records for the last 5-7 years.
    -Where I'm working now would take the truck on as a broker, the owner said he would help out where he could. He pays percentage and he refuses to pull cheap freight. I've seen rate cons already so I know he isn't hiding anything.
    -I've looked at the price per mile spreadsheets on OOIDAs website before and understand mostly how to breakdown costs and set money aside for repairs and whatnot.
    -I have a mechanic lined up, and can do a lot of repairs myself.
    -I can pay cash and still have money in the bank.

    What am I missing?
     
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  3. 77fib77

    77fib77 Road Train Member

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  4. DDlighttruck

    DDlighttruck Road Train Member

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    To buy it, safety it, transfer ownership and get it on the road would be less than $30,000.
     
  5. Bakerman

    Bakerman Road Train Member

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    Sounds like you got a good deal going, why are you apprehensive?
     
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  6. DDlighttruck

    DDlighttruck Road Train Member

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    "If it sounds too good to be true it probably is"

    I don't know why- I'm just running it over in my head what can go wrong. The thing that keeps getting repeated on here is have the business plan in place first, then find work, then buy the truck. I think I've done that
     
  7. Bakerman

    Bakerman Road Train Member

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    The hard part is done, you've got work.

    Now go get the truck & get to work-don't look back!
     
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  8. gokiddogo

    gokiddogo Road Train Member

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    The price sounds right. I assume you are talking in Cdn dollars...? An older truck like that is the smartest way to start as an owner operator. Unless it is rusted really bad I would go for it. The biggest major expenses, engine tranny/clutch and rear ends you can be relatively certain to hold up for quite some time. You know the owner and it's history, that is more than most used truck deals. I would say you have done all your homework, and this would be a good risk to take. All that is left to do is be 100% certain (if you aren't already) and go forward with it.

    The worst case scenario, you don't get as much of the good paying work as you had expected, but with this truck you won't be buried under such a high payment it would cripple you.
     
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  9. DDlighttruck

    DDlighttruck Road Train Member

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    Yes, Canadian.

    And yes if it's paid for you don't have run every week to make the note. The guy I'm working for now went over insurance and a few other costs so I could do some math. He flat out told me to buy the truck too.

    It sounds like it's not so crazy after all. Thanks
     
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  10. gokiddogo

    gokiddogo Road Train Member

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    Keep us posted. We want to see you make it.
     
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  11. SnowWhiteTruck

    SnowWhiteTruck Bobtail Member

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    Yeh, keep fingers crossed for you!
     
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