Trucker Forum - Trucking & Driving Forums - Class A Drivers
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Trucker Forum - Trucking & Driving Forums - Class A Drivers (https://www.classadrivers.com/forum/)
-   Owner Operators Forums (https://www.classadrivers.com/forum/owner-operators-forums-105/)
-   -   Need Advice From Successful Owner/Operators (https://www.classadrivers.com/forum/owner-operators-forums/23201-need-advice-successful-owner-operators.html)

solo379 01-03-2007 09:30 AM
Originally Posted by Dejanh

Ill throw some more number figures if anyone wants me too to help out.
Just curious, how many miles, did you actually run, to "clear" those 50 grand?

mmiikkee 01-03-2007 12:16 PM
Originally Posted by solo379
Originally Posted by Dejanh

Ill throw some more number figures if anyone wants me too to help out.
Just curious, how many miles, did you actually run, to "clear" those 50 grand?
And at what cpm?

shovelhead791 01-03-2007 09:17 PM
[quote="Dejanh"]
Originally Posted by GMAN
quote]


I don't think it is a good idea for anyone starting out to buy a new truck. Unless you have enough money to pay cash or have a substantial down payment, you cannot afford to make the payments and earn a decent living. I would not want to see anyone just starting out to put themselves under that much pressure.

quote]

I second that, i own new and pay 1546 per month, am a first time buyer but was able to save enough to get me going....

Ill throw some more number figures if anyone wants me too to help out.
Provided I don't have to figure the area under a curve, I would like to see some of your other figures. Could you also include days out, average down time for maint.....?

Also, when buying a truck can you get it financed with a small business loan or qualify as a LLC?

GMAN 01-03-2007 09:39 PM
Whether you can qualify for a business loan or LLC will be up to your lender. However, as far as I know, the SBA does not guarantee loans for class 8 equipment. If you have good credit and/or a good relationship with your banker, then you may be able to get a loan from your bank. The problem with most lenders is that they don't like making loans for big trucks, because of the high failure rate. If you have an LLC which is at least a couple of years old, then you may be able to qualify for a commercial loan or line of credit. That would probably be the least costly method of financing your purchase. There are lenders who specialize in truck loans, such as Paccar, Navastar and GE. Rates will likely be higher than at your local bank.

solo379 01-04-2007 02:49 AM
Originally Posted by SteveBooth
Watch out dude, if you post anymore detail by the time the 3 stooges are done with you, you will have only made $11,000.
Yeah! Ignorance is the bliss! :lol: :wink:

shovelhead791 01-04-2007 03:58 AM
Thanx GMAN. I appreciate all the info you share with us Newbies.

Bigmon 01-04-2007 05:27 AM
Re: Good info!
 
Originally Posted by -FlyByNight-
Originally Posted by alugilac
Nothing ventured nothing gained. Thats my worry with not doing anything.
That may be, but you also won't lose your ass and ruin your credit by remaining a company driver. :wink:
Is it your testimony that company drivers never have bad credit or file bk?

solo379 01-04-2007 09:13 AM
Re: Good info!
 
Originally Posted by Bigmon

Is it your testimony that company drivers never have bad credit or file bk?
Well, if you can't keep those things up, being an employee, what makes you think, things will get better, when you become an employer? :roll:

-FlyByNight- 01-04-2007 04:47 PM
Re: Good info!
 
Originally Posted by Bigmon
Originally Posted by -FlyByNight-
Originally Posted by alugilac
Nothing ventured nothing gained. Thats my worry with not doing anything.
That may be, but you also won't lose your ass and ruin your credit by remaining a company driver. :wink:
Is it your testimony that company drivers never have bad credit or file bk?
No, what I meant is that you can't fail as an O/O if you don't try. :P

01-04-2007 06:05 PM
Everyone notice above where Solo quoted my post. It was the second time I put it back in and one of the moderators keep deleting it. Talk about sensorship!!!! This what I wrote below. See how long it takes before they delete it again. Got a clue Yoopr?


"Watch out dude, if you post anymore detail by the time the 3 stooges are done with you, you will have only made $11,000."


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