Working the numbers!!!

If you do some research on the Detroit series 60 you will find that these engines are virtually bullet proof. Oh and they usually go around 1.4 million before a rebuild is needed. I'm not saying they don't have problems but I can guarantee that a new emission engine will cost more to maintain and repair if something goes wrong. Anything newer than 2003 except for a glider will have and egr or worse the dpf and def. the whole idea of getting a brand new truck sounds great but, like I said previously the facts don't lie. I have a buddy that just purchased a 2000 Volvo 770 with a series 60 for $10000. He has put about the same into it for other things but no engine work over the course of several months while he is working it. With no mods other than tires, he is doing 7.65 just by driving slow. Now your willing to spend 182k on a truck to make .06 take home?? I spent 40k on mine. It comes down to the numbers. If you can get a truck for 10/50k that's pre emissions that has the potential to do well over 8mpg why on earth would you spend 200k on something that not only you'll get worse mpg but, your cost of doing business will be higher, why wouldn't you choose the route that will make you more money? Have you called some shops or asked your questions on fb? Research shows that a pre emission Detroit series 60 will cost about .08cpm over the course of 1+million including a rebuild. Cat and cummins both p/e are around .08/.12 and some of these guys with dpf/def are around 30cpm. The smartest thing to do is drive an old truck make a pile of money buy a brand new glider and put a series 60 in it.

 

I believe your on the right track but let me ask you this: why spend money and a lease for 6 months or even a week to just walk away? Are you currently a company driver? How much trucking experience do you have? Most importantly how much business experience do you have? I'm glad you did some searching but don't stop there keep doing that. Make learning everything you can about being an o/o your first priority. Kevin Rutherford has some great learning programs which you can find at letstruck.com. 95% of what I have learned has come from him and others like him. I highly recommend spending the next couple weeks learning, asking and, researching as much as possible. Don't jump into a lease until you have learned as much as possible. Having the mind set of I can walk away if I fail is terrible, put the odds in your favor. A little more advise on finding that perfect truck, don't look for reasons why you want it, look for reasons why you don't want it. Little things can be changed later so if the truck doesn't have the right price, engine, history(rigdig), transmission, or gear ratio don't buy it. There is so much more to buying s truck other than just crunching the numbers on a lease purchase plan.

 

Honestly the best way to become on owner operator is to save your money, buy a cheap fuel efficient truck, save even more money then buy a new glider.

 

What are the incentives? Did you lol at equity's lease program and do the math of how much more money you can make? All their trucks are gliders with the Detroit 60 with 10 or 13 transmissions. 262.40 truck payment each week plates ifta and insurance are $25/40/65. So your costs are already lower and the odds are in your favor from the start. Fuel discounts at loves are 25/40cpg off pump price. Your maintenance cost are a set .15cpm (paid miles) and that is a bumper to bumper warranty. Yes that means if your engine goes in three weeks, they put you in a loaner free of charge and rebuild yours or replace it. Now the lease is usually 3 to 4 years but you can pay it off early. The pay starts at .90cpm all miles and fsc on loaded miles. Once you pay off the truck you move to $1.16 all miles plus fsc loaded and you pay your own maintenance. So that means you'll have 3 to 4 years or sooner to get your truck pristine bumper to bumper at a fixed rate of .15cpm. Now if the incentives are better at the dealer I want to know. I guarantee you will make more money and spend less on repairs doing a lease like equity's vs buying a new truck from a dealer.

 

Someone is going to accuse you of being a recruiter. Lol

 

I'm not. I'm just trying to show this guy there are much better ways of making money and getting a truck of your own.

 

I know.
Sometimes you can't corrupt the vision in someone's mind of perfection .