[GMAN]

I don't think that it is a good idea to put up your home as collateral for a truck is a good idea. Right now there are many owner operators who are losing their trucks. If you have some extra cash it could be a good time to buy a truck, but you may make more by being a company driver right now. Rates are down and fuel is up. You need to operate a very tight ship to keep things profitable. Trucking is in for a very challenging year.

[hoohaa]

Originally Posted by Twilight Flyer

Why would you use the equity in your house to jump into one of the most volitale industries in the nation right now?

Go company. Unless you are an established O/O and have all your ducks in a row, you'll fail. There is zero margin for error in the industry right now.

I agree 99.9%.

[solo379]

Originally Posted by hoohaa

I agree 99.9%.

Could you please elaborate on that 0.01%... :P

[lucky2]

Yea I quess right now does,nt sound like the time to buy a truck. Been reading to many post of O/Os out there that are having tough times righ now and they probably are'nt going to get much better very soon. If I decide to go back out on the road I,ll try and find a company that pays better than the ones I drove for in the past. I had to start with a small co. in order to get any OTR expereience. I had drove truck before locally ,but the larger Co. wanted the OTR under my belt before they would hire me. I got my CDL on my own and not through a school so getting my first job with a trucking company ended up being with a smaller Co.that did,nt require me to have any OTR experience. Now that I have the OTR that the larger Compnies require I have more of a choice of whom I drive for.