Latoya, consider a few things. O/O needs a truck/trailer, insurance, registration, authority, permits, 2290. Next you need back-up money to pay for fuel, maintainence, breakdowns/repairs. We're talking $4000 to get road ready(not counting the truck/trailer) plus a good $8-10,000 cash for back-up money) Just fuel alone the first week could cost you $1000 easily. Sure, you can credit card a lot of stuff, but, 30 days later, you gotta pay on it, right? Now the other thing is: are you supporting a household and the truck, or just the truck? It makes a big difference. If you can not have to pay rent at home and just live in the truck, the money for rent/utilities/car pymt etc can be used for truck expenses. O/O's that have a family to feed and a mortgage to pay and keep up with the truck expenses need to make more money. And consider waiting 30-60 days for payment.![]()
which is better
Discussion in 'Ask An Owner Operator' started by latoya thurmond, Aug 7, 2009.
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If you were the guy with the authority I would say it sounds like a GREAT deal!! For you... not so much! -
Hey thanks that was the best info so far. -
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truck payment.....
latoya thurmond Thanks this. -
IFTA is that road taxs? -
IFTA is fuel/road tax. Each state you drive in charges you per mile. You pay it quarterly. What you don't pay through fuel purchase, you pay at the end of the quarter. If you buy enough fuel in the states you drive through, it evens out, usually. If you buy more than enough fuel, you get a credit. Some companies pay for IFTA, some don't. Figure about $150 a quarter.
latoya thurmond Thanks this. -
so what could I expect to pay in fuel going otr plate program if they have one and bobtail insuraance. -
This last quarter, I got back $48. Quarter before that I owed $1.48. Quarter before that I got back .71 cents.
But I try to buy most of my fuel in high tax states like communois and Florida.
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