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There is a 100K primary resource with additional inputs available.Originally Posted by GMAN
How much money have you saved to buy and run a truck?
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Much has been 'logged', more is still raw data that needs to be coagulated for proper analysis.Originally Posted by GMAN
Have you kept a log of maintenance costs on the truck you are currently driving? What about fuel, tires, etc.,
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Credit is good although it's consumer in type. Truck purchase will be cash, with sufficient resources to acquire an APU as soon as possible. To the extent possible I would like to avoid the need for credit, however your advice is well taken. The credit issue will be researched. Originally Posted by GMAN
How is your credit? Have you tried to secure a loan from a commercial lender or your bank?
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You are absolutely correct. The conditions, policies and equipment being placed on current and future company drivers is becoming increasingly and unsoundly restrictive, owing to the economy and the anthropology of the current and future driver pool.... I do not question why a fleet is having to cater to the lowest common denominators. It has come to the point that I have more 'management' options available to me as a L/O with a better chance at success.Originally Posted by GMAN
Why do you want to become an owner operator rather than remaining a company driver? These are some of the questions that you need to answer for yourself before moving forward.
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The truck now targeted is an 07 9200i, assigned to me when new and treated well. At 644K miles it still has 50% of the clutch remaining.. There is an opportunity to have it at wholesale from the fleet, but even the dealership taking these units in on trade is overloaded with these trucks. A cash transaction is all I'd consider, it is indeed a risk to employ credit in this business right now..Originally Posted by GMAN
When the truck is in the shop you are also not making money. - You need to save your money for a good down payment or just pay cash.
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Absolutely. I was in a family business for the 24 years prior to getting a CDL. The jump in the mindset is not so difficult, and has served me well even as a company driver... they have also noted the difference. Originally Posted by GMAN
When you buy a truck you go from being a company driver to company owner. It is a different mindset for those who are successful.
Many thanks for your wisdom. I have followed your posts since I found CAD some 5 yrs ago.