From desk to own authority part 2
#1051
Senior Board Member
Join Date: Mar 2007
Posts: 1,009
I'll let you know on the repairs from hell with my 1995 925,000 mile truck.I do know one thing,....I have had plenty of vehicles, and plenty of warranties, and only once was the repair covered 100%.(a 1976 VW campermobile with a leaking heat exchanger).
I expect to have to repair, or have this truck repaired at a shop when I'm not home,.....that said, I feel a lot better knowing that when I break down, I have already paid for my truck in full. I just didn't think I could handle a payment, not knowing how this going back trucking thing will go.
#1052
Originally Posted by SteveBooth
My repairs have been minor and 99% have been elective. I'm still far better off than if I would have bought new.
Oh yeah..if most repairs are made when they are still minor...they may never have the opportunity to become major.
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#1053
Originally Posted by Orangetxguy
Oh yeah..if most repairs are made when they are still minor...they may never have the opportunity to become major.
I had a truck the last 2 years that was paid off and had around a million miles on it,each of the last 2 years I had over $16,000 in repairs,considering the extra taxes I was paying and on top of that the repairs it just wasn't worth it to not have a payment.Now I have a much nicer truck and my tax liability is much easier and I don't have as many down days(loss revenue). I thought it was a good move to have a truck paid off,but for me it didn't work out.
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#1054
BANNED
Senior Board Member
Join Date: Nov 2006
Posts: 801
Who is talking about getting a new truck and hauling for $0.90 per mile?
I know he didnt mean you or myself honestly, as i do not haul no 90cpm freight, no sir..+ hes talking about when starting out, hes not talking about individuala who have been around the corner few times... I thought it was a good move to have a truck paid off,but for me it didn't work out. I have listened to alot of the comments like that and when i sat down one day i just went over all of the benefits of a no-payment, used truck and compared them to a large, 1500$ payment on a new truck and decided on a second option just because of what you said, it just aint for me !! Now, GMAN, it may have worked for you or some of your friends but all of my friends had opposite expiriences with used trucks, and depending on a particular situation it may not be a wiser choice to sign off on it. To each his own...
#1055
Senior Board Member
Join Date: Sep 2006
Posts: 725
If you cant turn a wrench and dont know a slack adjuster from a seatbelt adjuster then you should not buy a used truck. New trucks are nice especially after you work out the bugs, but I cant justify the payment to haul the same freight I can move with a used truck. Someone said to each his own and I agree with that. But each needs to understand the costs associated with new and used. Our economy is going to double by the year 2020 and we are going to have to move this economy and I personally want to put as much profit as I can in my pockets.
#1056
BANNED
Senior Board Member
Join Date: Nov 2006
Posts: 801
and I personally want to put as much profit as I can in my pockets
Some may put more money in their pockets driving a used truck and some may put more by driving a new truck, it all depends on individual case and what kind of equipment they have. I would rather pay more per month than have to deal with the breakdowns even if i knew how to fix certain things. Trucking is not like 90% of the buisiness out there, thousands of miles are genarated over a short period of time and your investment does it, breakdows will hapen you liked it or not and are you ready to deal with them, I AM NOT at least now and even if they occured i have someone to look after them, which i had BTW. Margins of making alot more money by driving a used truck are not true, yes i may have a large payment but to be hones guys, i dont feel the sting of as one would think,i really dont. bill comes i write a check and off i go. Even with all of the expenses associated with owning a new vehicle i am really satisfied on how my buisiness turned out... BTW- if you think you will be driving in the year 2020 my hats off go to you my friend :!:
#1058
Senior Board Member
Join Date: Nov 2005
Location: Texas
Posts: 658
Originally Posted by Bigmon
This warranty stuff makes a good argument to rent like Bandits Cousin does. Penske and Ryder could use this in their ads.
And, on the whole house hold movers and weight issue...I don't see what the difference is? Other than our trucks are HEAVIER at any given point than a typical freight truck. If my LIGHT WEIGHT is 46k lbs.....and my buddies w900l with his spread axle reefer is 34k...who's heavier? I am, by 12k lbs. Now...I go and load up 34k lbs. of furniture...and, I'm at 80k lbs. He goes and picks up 46k lbs. of produce...he's at 80k as well...I don't see where orangetxguy's argument comes in to play at all. If anything else, a big bunk 379, or w900 is going to bring an empty weight of around 50k lbs. to the table, if not more...household loads typically fall in the 24-30k lbs. range, occasionally heavier....I'd a LOT rather yank that around than 45k lbs. of tomatoes or what have you...because even a light household load is going to blow your best paying dry van, flat bed, reefer load out of the water pay wise. IT doesn't matter if the loads themselves are lighter, our trucks are a good 10-15k lbs. heavier than a typical freight truck...I've sat right around 80k and still had room for more in my trailer, before.
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#1059
Senior Board Member
Join Date: Sep 2006
Posts: 725
Originally Posted by Dejanh
and I personally want to put as much profit as I can in my pockets
Some may put more money in their pockets driving a used truck and some may put more by driving a new truck, it all depends on individual case and what kind of equipment they have. I would rather pay more per month than have to deal with the breakdowns even if i knew how to fix certain things. Trucking is not like 90% of the buisiness out there, thousands of miles are genarated over a short period of time and your investment does it, breakdows will hapen you liked it or not and are you ready to deal with them, I AM NOT at least now and even if they occured i have someone to look after them, which i had BTW. Margins of making alot more money by driving a used truck are not true, yes i may have a large payment but to be hones guys, i dont feel the sting of as one would think,i really dont. bill comes i write a check and off i go. Even with all of the expenses associated with owning a new vehicle i am really satisfied on how my buisiness turned out... BTW- if you think you will be driving in the year 2020 my hats off go to you my friend :!:
#1060
BANNED
Senior Board Member
Join Date: Nov 2006
Posts: 801
I guess and are okay with the payment, for now. One day the light will come on.
Who says that i will have a payment when in fact ,, the light come on''. ( and BTW what does that mean )? Am debating right now should i pay it off in September or leave it be and thats after only 1 year in service, its not for everone but if one has good money managment skills its a much better choice.... |

