Hey, I thought I'd post some TRUE numbers here to give rookies and wannabie o/o an idea... 2004 truck pulling dry van in US and Canada; $1,600 per month for the truck.
Starting from April 2007 till now the income the biweekly deposit fluctuated from $0 to $3,967 (per 2 weeks). Looks like a big payoff on the good side (that's after repairs, fuel, insurance, plates etc.). But from that I had to pay 1600 for the truck, which means I made 47 grand in 20 months but paid 32 grand to the financing company; leaving me ... 15 grand annual income!
No wonder:
- My credit rating is 1 000 000 points
- I sleep in the truck and cannot afford neither a rental apartment or a hotel
- I'm out on the road 25 days in a month
- Revenue Canada is not getting any tax from me
But basically because I spent so much money on the truck - my income is 3 times less that what I made as a company driver driving a BRAND NEW Freightliner Columbia for Challenger Motor Freight last year. Back then I was able to afford a car and spent 2-3-4 days in a nice hotel with a swimming pool every couple of weeks.
So, again - I don't believe in buying used anymore. A buddy who works here at MacKinnon owns a brand new Volvo paying 2400 a month for a capital lease. He pays more for the truck but he pays almost nothing for repairs AND he got the truck he wanted while I keep spending money on the truck to make it more "my own". His average biweekly deposit is around 3500 grand or 7 a month minus 2400. That's still more what I get in the end
Just a sum-up of my personal experience with my FIRST truck - for those who are interested. :cry: