Want to buy a truck but don't want to drive

I considered putting someone in my truck when I bought it. I still had company job and had someone dependable in mind. A nugget a old timer gave me was know the job yourself before you put someone in it. If you have someone you can trust watching over your truck and able to keep close eye on it, and they know exactly how truck should be ran then I say go for it. You don't want somebody else in charge of your investment and don't know all the ins and outs yourself.

 

You will most likely end up driving it yourself so go ahead and get your CDL.

 

If you r going to own a truck you should at least have a license to drive it , to example what happens if something happens to the dependable one , or they need vacation or ? I don't think it would require a years investment in someone else's company though just get cdl and truck and go for it , maybe buy two, keep one running full time and run the other as needed. Just my .02

 

One truck will not support 2 households. You should invest in rental properties the headaches would be a lot less expensive. Maybe some fleet owners will chime in how many trucks it takes to kick back, enjoy the sun, money and still get random 3am phone calls when things go south. If you ain't gonna drive it yourself it'll drive you to ruin.

 

I've talked to a lot of O/Os about this... and yeah, if you aren't gonna drive it you will lose money:
-You have to keep insurance on it.
-You have to have a place to park it if you can't park at your home and this will set you back anywhere from $70-$400/mo. depending where you live
-You need freight... with no experience yourself its a pain and with someone else driving under your authority its an even riskier deal for brokers.
-DOT targets independents like my fly swatter targets mosquitoes.
-It takes about 60 days for any income to start rolling in... you'll need to account for that
-Then there's obviously fuel, by the time you see your first check you'll spend about $10,000 on that
-If your buddy is driving you'll probably have to pay him (long before you get paid)
-You'll need permits.
-You'll need a down payment and enough saved to cover your first few months.
-You'll need a cheap repair guy, might be a good idea to learn how to do this on your own.
-Even when the truck isn't running it can break down, especially in the winter.
-By not driving it yourself your income is totally dependent on this other guy's work ethic.

Just some food for thought... probably a lot of stuff I missed.

 

How do you make a million in trucking start with two ... Is a old saying best to know the ins and outs before investing too heavy

 

A once small fleet owner (now a good sized carrier) told me, if you are going to own more than one truck, you better buy 7-10. Because they all won't always have driver in them, or there will always be one that is in the shop.