If you had to buy a truck right now, what would you look for? |
07-31-2018, (Subject: If you had to buy a truck right now, what would you look for? ) Post: #16 | |||
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RE: If you had to buy a truck right now, what would you look for? (07-30-2018 )DDB Wrote: First post here but I’ve been lurking for about a month, trying to get up to speed. I’d like to get some feedback from current owner operators and/or mechanics. That's a loaded question! You're in the right place to get straight,honest advice. 1. Get your finances in order, you're going to need it! The FASTEST way to ruin your credit is to buy a truck. It will ALWAYS cost more than you planned! Want to find out how fast you can go through $25k in cash? Buy a truck. That's AFTER the down payment, financing, taxes, IFTA registration, insurance premium. Been there, done that. Assume EVERY truck needs a complete overhaul, has been abused, needs a new clutch or transmisson UNLESS you get a FULL service and repair history. (Chicken teeth) Every truck has warts, you just have to find them! Unfortunately the trade has shifted to throwaway or recyclable trucks that are shot by the time they reach the OEM warranty. 2. Have a Business plan. This is a business! Know what lanes and commodity you're going to run pay. What the average revenue/mile is, be very sceptical! Seasonal demands can swing rates wildly, plus or minus $2-3k/ month in gross revenue. Supply and demand. You can be the best driver and mechanic in the world but if you suck at business, FAIL. You can be the best businessman in the world and suck at driving and mechanics, FAIL Good at both = Success. https://www.dat.com/freight-rates Know your cost and profit/mile! Learn to create Excel speadsheets 3. Buy what you want to own! Are you going to be comfortable in it, working on it? What is the parts availability? The devil you know is better than the one you don't know! If you want a truck that will run and give you a good ROI and time, think long and hard. My best advice is to start with a platform that is tired but not broken, reman or overhaul engine, transmission and build it up. Reliability comes from constant attention. The CM 871 is a great engine when done right. User's Signature: 2010 386 Pete CM871, 13 spd. 3.55 | |||
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Messages In This Thread |
If you had to buy a truck right now, what would you look for? - DDB - 07-30-2018, RE: If you had to buy a truck right now, what would you look for? - DDB - 07-30-2018, RE: If you had to buy a truck right now, what would you look for? - DDB - 07-31-2018, RE: If you had to buy a truck right now, what would you look for? - DDB - 07-31-2018, RE: If you had to buy a truck right now, what would you look for? - in2trux - 07-31-2018 RE: If you had to buy a truck right now, what would you look for? - DDB - 08-02-2018, |
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