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10-10-2009, 05:28 PM
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Stand and Deliver
Will be getting my L/P truck next week, a '04 Cat powered KW. It has been a great truck in our fleet, and the only reason the current driver is coming out of it, is because he's getting a new truck. It will be getting a major going over from tires to motor before I get into it, and then the owner wants me to drive it for a while to make sure it is the truck I want.
Our carrier is getting us great miles, despite the slow down. Payments will be around $400 a week, I will be using the owners fuel card so I can get the same discounts he gets, if I use the carriers fuel card, it will cost me $40 each time the card is loaded. With the great miles, payments I can handle, a great accountant, and business advisor, I should do okay.
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10-10-2009, 05:40 PM
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Quote:
Originally Posted by Fuzeme
Will be getting my L/P truck next week, a '04 Cat powered KW. It has been a great truck in our fleet, and the only reason the current driver is coming out of it, is because he's getting a new truck. It will be getting a major going over from tires to motor before I get into it, and then the owner wants me to drive it for a while to make sure it is the truck I want.
Our carrier is getting us great miles, despite the slow down. Payments will be around $400 a week, I will be using the owners fuel card so I can get the same discounts he gets, if I use the carriers fuel card, it will cost me $40 each time the card is loaded. With the great miles, payments I can handle, a great accountant, and business advisor, I should do okay.
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Good luck Bro.........
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" I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty
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10-10-2009, 06:39 PM
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Do you own the truck in the end?
400 a week for a payment is too much money. That's 1733.00 a month.
Just for the heck of it I looked at an 05 Kenworth W900 for 39,900. That payment would be 972.00 (roughly) a month.
Why not buy your own truck and lease on to this company?
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10-11-2009, 07:59 PM
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I wouldn't want a w/9 or 379 Pete, I drove both as a company driver, and both use too much fuel for me. My best fuel day with either one, didn't even come close to my worst fuel day with the Century I drive now.
The monthly payment is all my fixed costs combined, yes there are some newer trucks that seem to cost less. But with this one, I have all the historical data concerning fuel costs, all the maintenance that was performed and why. With your W/9 you may not have access to that same data.
But even with all that, something bad can happen, and I could be out of business in no time.
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10-12-2009, 12:55 AM
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40.00 to load a fuel card is obscene. I though my last company I was leased to at 6.00 per load was bad....
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10-12-2009, 01:25 AM
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Quote:
Originally Posted by Fuzeme
But even with all that, something bad can happen, and I could be out of business in no time.
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Why would you be out of buisness if something went wrong?
Obviously just starting out you will have plenty of cash already saved up.
I know you wouldn't be dumb enough to start out with a bunch of debt and not have plenty of cash for any unforseen expenses in the first six months right?
It's still a buisness, just because people are more than willing to lure you into it with a "seems to good to be true" pitch doesn't mean you don't need to follow good buisness practices.
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" I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty
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10-12-2009, 01:33 AM
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Quote:
Originally Posted by mike3fan
Why would you be out of buisness if something went wrong?
Obviously just starting out you will have plenty of cash already saved up.
I know you wouldn't be dumb enough to start out with a bunch of debt and not have plenty of cash for any unforseen expenses in the first six months right?
It's still a buisness, just because people are more than willing to lure you into it with a "seems to good to be true" pitch doesn't mean you don't need to follow good buisness practices.
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I agree, we have a guy who leased on a month ago, last weekend, he had to have new wheel bearings and spindles, cost was 2500 bucks, he had to borrow it from the company, great way to start out!!
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10-12-2009, 11:24 AM
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Quote:
Originally Posted by Fuzeme
Will be getting my L/P truck next week, a '04 Cat powered KW. It has been a great truck in our fleet, and the only reason the current driver is coming out of it, is because he's getting a new truck. It will be getting a major going over from tires to motor before I get into it, and then the owner wants me to drive it for a while to make sure it is the truck I want.
Our carrier is getting us great miles, despite the slow down. Payments will be around $400 a week, I will be using the owners fuel card so I can get the same discounts he gets, if I use the carriers fuel card, it will cost me $40 each time the card is loaded. With the great miles, payments I can handle, a great accountant, and business advisor, I should do okay.
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No Comment...
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10-12-2009, 01:43 PM
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Quote:
Originally Posted by Justruckin
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:hellno:
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10-12-2009, 01:53 PM
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Quote:
Originally Posted by GMAN
:hellno:
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Hi Gman, I think you know what I am thinking. He is paying way to much for that truck, I think we all know that. And God only knows what other little hidden fees this company has in store. Forty dollars to load a fuel card? Now that is just wrong on so many levels. If it were me, I would run from this deal, and run and run...
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