WannaBe asking questions???

Discussion in 'Questions From New Drivers' started by DakFink, Sep 23, 2009.

  1. DakFink

    DakFink Light Load Member

    57
    18
    Sep 23, 2009
    Killeen Tx & Tikrit Iraq
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    New guy here looking for some answers to a few questions in my research of becoming an O/O.

    First off I am still in Iraq and it will be at least 1 yr before I even get in a truck. Even then I'm planning on doing 1-2yrs as a Company Driver, before I consider going O/O.

    Does that sounds like a good basic plan??

    Here the questions I have.

    1. What state/s seem to be the better to Operate out of, As far as Registration, Taxes,Tags, ETC, ETC.

    As of now I have no place to call home. Me & the family are looking, taking everything into consideration. (Taxes, Schools, Work, etc) so we are open to any suggestions.

    2. What are the better paying routes and loads??? When I was a kid I knew 2 guys that used to do the Georgia to LA, Cali route. They would be gone 3-5 weeks but were knocking down $50-60k in the 80's.

    3. Is there a reason I don't see many people with HazMat and Tanker endorsements? Is it worth it or not?

    4. Truck Age vs Mileage vs Maintenance?? Several companies I have researched want you to have a truck less than 10yr old before they lease from you. No mention of Mileage or Maintenance. Is there any flexibility?? I have seen 5yr old trucks running next to 1m miles, I have also seen 12-15yr old trucks with less than 200k. Also saw a truck 12 yrs old that had 1.08m miles BUT had a engine Overhaul at 1.01m and a trans replaced at 850k, truck was immaculate inside and out with maintenance records. All these were trucks I've seen for-sale at an affordable price. Even saw a 2008 with 1001 miles for-sale. With that kind of policy I just lost 2yrs on a brand new truck that I might could get a good deal on.

    I'm currently in aviation. Maintenance means more to us than AGE or Flight Hours.

    5:Is there any type of freight that pays really well, that most don't want to haul??

    6:Any Engine Brand more costly to maintain?? Cat, Cummins, Detroit, etc
    OR even prone to issues

    7:What kind of Down payment and Payment terms do you look at when buying a new/used truck.

    8: I know these Lease Purchase programs for the most parts are a JOKE. ($870/week for a truck with 500k on the Odo???) At that rate you could buy new one.

    9: how do you know how to divide your money up when you get your settelments? In percentages?? Truck bills (first obviously), How much you put aside to put back into the truck and How much you finally cut for yourself as a Pay-Check? or do you hire and Accountant to hand this?

    I know I have more questions and will be back around when they come to mind.

    I really appreciate any insight. I just hope the economy gets better over the next year, for all of us.
     
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  3. DakFink

    DakFink Light Load Member

    57
    18
    Sep 23, 2009
    Killeen Tx & Tikrit Iraq
    0
    No help?

    No answers?!
     
  4. josh.c

    josh.c Road Train Member

    1,105
    420
    Feb 22, 2009
    Knoxville, Tn
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    1.You could probably do better researching this on your own. I will say from experience that TN has no income tax, but a high 9.25% sales tax. My TN tag cost me $1410, but that will depend on how many miles you run and in what states, it's not a flat charge. TN does not charge sales or property tax on vehicles registered with an ICC/MC#.

    2.I wish someone would tell me! Anything I said now would be irrelevant by the time you started.

    3.The best money I've made trucking was few months I had pulling water in a food grade tank, and if I was starting over I would probably steer towards tankers (I pull flatbed). I've barely used my Haz-Mat, but why limit your options? There are some companies that require you to have haz-mat, and I've even heard of a few that pay you more if you have it, even if you don't haul it.

    4.I don't know where to start on this-I'm with you on the maintenance over age/mileage thing. I drive a '98 International 9300 with 1.5 million miles on it, 600,000 on the inframe on the E model Cat, and my personal belief is that it is more reliable and gets better fuel mileage than a comparable new truck. New trucks can break down just like old ones, I've always thought those ten year policies were silly, and I doubt that most of the outfits that require this make you enough (if any) more money to justify buying a newer truck. By the time you are ready to buy a truck, anything newer than ten years old will have a post Oct '02 emissions engine, which generally are more expensive to maintain and get worse fuel mileage.

    5.Generally, the more specialized something is, the better it pays. What's best for you will depend a lot on where you live and how often you want to be home. I would recommend going into something specialized like tanks or flatbed. This will give you more options in the future. In my experience, the more specialized skill your job requires, the more you will be treated like a real person by your company/customers. Check out the thread "From School to Superior Carriers." Excellent reading.

    6.Ford, GM, or Chrysler? This depends a lot on personal opinion, and how new of an engine you're talking about. I will say for myself my Cat gets negligibly worse fuel mileage than a comparable Detroit, but is more reliable and cheaper to operate over the long term. I've never been a Cummins fan, they have expensive parts and get poor fuel mileage, in my limited experience with them, which is mostly second hand. From what I hear, the post Oct '02 Cummins are especially expensive to maintain, but I'm not a fan of any of the newer engines. There is lots of information on this already on the forum if you search for it, just be ready for lots of biased opinions. You really have to decide what is best for your application yourself.

    7.I would suggest that you look into an older truck and 100% down financing program. There is a whole forum dedicated to financing at the top of the O/O page.

    8.Yep.

    9.Personally, I pay myself first. Keeping my house maintained and the mortgage current is more important than keeping this truck up, I'd rather live in the house. I pay myself what is leftover after deducting current and potential future truck expenses. Some guys pay themselves a fixed amount and put back what is left into the truck. When I am deciding whether or not to take a load, I calculate what I personally am going to make on the load after deducting my expenses(including future maintenance/wear and tear).

    You probably haven't gotten many responses because questions like yours get asked here on a regular basis, and have already been answered in one form or another. I practically never post here, but your questions stuck out to me yesterday, and since you are in Iraq serving for me, I owe you.
     
  5. DakFink

    DakFink Light Load Member

    57
    18
    Sep 23, 2009
    Killeen Tx & Tikrit Iraq
    0
    Thanks a million!!

    Really appreciated!!

    I think I have most of the answers already to most of my questions BUT things change so fast and so much I just wanted to be sure what answers I have are current.

    Just got done talking to the wife. My youngest has another 2 yrs in a booster seat cause the law just changed. That's the stuff that gets you.

    Yep I am hoping to save enough to do the 100% down plan. But also want to know what options are available if I need to finance some of it?

    I found a chart online that shows the Cost of registration of Semi-Trucks by states and some of the exceptions and actual cost can be confusing and insane. I saw some states like Illinois can be as hi as $3100/yr

    The wife likes it in Tenn. But the sales tax is steep.

    I'll do some more searching and see what else I can find!!

    Again THANKS!!
     
  6. PharmPhail

    PharmPhail Road Train Member

    3,084
    1,125
    Nov 7, 2008
    NC
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    Number 9 is different for me. If you don't pay for your ability to make more money, you won't be able to pay for any of your supposedly higher priorities either. Truck is first until and unless you are ready to find another line of work.
     
  7. josh.c

    josh.c Road Train Member

    1,105
    420
    Feb 22, 2009
    Knoxville, Tn
    0
    Dak, TN in general still has a low overall tax burden, it's just the sticker shock on that 9.25%(it's 8.25% on food). Vehicle registration and property taxes are pretty low, although that varies by county. As far as freight volume right now, I'd say the area east of the Mississippi, north of I20, and south of I80 has pretty consistent freight. There are definite exceptions to that, NJ and Eastern PA are awful for outbound freight right now, but I don't care for running up that way anyway. This is for flatbed freight, I can't speak for anything else. Are you trained as an aviation mechanic? If you could find something that's more than just a freight trucking job that requires another skill would be ideal, I think. At least where I'm from, guys that can operate AND haul heavy equipment make good money.

    Pharm, I guess my answer to #9 is misleading. What I was trying to say is I will not haul a load that does not make a profit for both me and the truck. The way I see it, my paycheck is what I make after I deduct all expenses, including future maintenance and repairs. I don't work just to pay for the truck. I guess it's just a smart-aleck of saying "Just say no to cheap freight."
     
  8. DakFink

    DakFink Light Load Member

    57
    18
    Sep 23, 2009
    Killeen Tx & Tikrit Iraq
    0
    Yep!! I am an Aviation Mechanic been at it since 1991. The industry has gone to the dogs. Someone offered me $18.50/hr a few weeks ago. I told them to jump off a cliff. lat time i made that low was 2000.

    I can't really see how to mix aviation with trucking??

    But now the Heavy Equipment and trucking I'm all ears!!!

    I almost went to a company sponsored heavy equipment school in 2004 until I called the company and asked what their pay was $13/hr. NO THANKS!! Went back to military contracts for $25.50/hr.

    The thing is even these Military Contracts come and go. So I have had to move around a lot.

    We have been weighing our options pretty hard and i think Tenn. is still in the picture. Like you the sales tax might be hi but the Property tax is low. Low property taxes is what I am after.
     
  9. walleye

    walleye Road Train Member

    3,028
    4,306
    Aug 21, 2007
    Land of Cheese
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    I highly doubt you'll see that kind of money as an O/O,....And most certainly not as a otr driver for most any company,.....Take the 18.50 an hour and get to go home after work,..........Just my 2 cents worth,...
     
  10. mitchtazz

    mitchtazz Road Train Member

    1,826
    503
    Sep 6, 2009
    Lake Wales, Fl
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    DakFink, me and you are in the same situation, jus different countries.. but i'm most likely gonna go lease/owner route just to keep start up cost down. on monday i'm gonna call CT and see what their requirments are to lease on to them. if i get lucky i'll be able to snag me a regional spot and be home every weekend..
     
  11. DakFink

    DakFink Light Load Member

    57
    18
    Sep 23, 2009
    Killeen Tx & Tikrit Iraq
    0
    Most O/O's that I have seen feed back from that actually get out there and run are making Double that. OTR with a company probably not but you can make a decent living.

    HOME TIME???? That's all I hear people whining about? If I was worried about that I wouldn't be in Iraq for the last 3 years and #### Sure wouldn't be looking at being a Trucker.

    Far as I am concerned if your concerned about home time , then trucking is not for you.

    I all actuality 1 weekend a month at home is better than most of what I have had to deal with in aviation over the last 10yrs. There were times even in the US that I would spend 3-4 months working before I got to go home.

    Most companies I see will give you 1-2 days for every 5 out. Might not be when you want it but you will get it.

    Granted I am not in the industry yet and still learning but I have picked up quick on some trends that have taught me a lot on what to look out for and to expect.
     
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