This is a great video I made the mistake by real life experience and I got hit hard but thank god I can still work hard and buy a better tractor. I’m thinking about buying another one for 80-100k the first one I bought was 16,500 and never will I do that again
8-10% interest rate for a first time buyer---!!!!! Next to impossible---? It is turn down from 10 banks and maybe 25-30 % down at 21% interest rate from one bank---. And I am talking about someone with 700 + credit score.
Sorry, but it not the way to handle a truck repair and maintenance.. a truck is like a car... new, used, old, truck broke even when you have full guaranteed on it, and it will cost downtime.. garanteed doest mean it free. I seen truck with 27k on with a broken transmission, 3 weeks downtime... the payment was to be done anyway... no job for almost a month... good chance, the guy have a 15k $ reserved money for breakdown. He paid and live while the truck got repaired. The garanteed fully reimbursed the guy after a month. But in that month, the guy have to live with own money.... so, a new truck doesnt garanteed anything. That you pay 150k for the truck or 10k doesnt change a thing. That the truck have 50k miles or 1m miles, doesnt change a things, you need to have a 10k $ on reserved for breakdown, and a good truck with good maintenance, a alot of luck... ONE thing for sure, you better make the repair before it breaks, at your convenience, at home, then 1500 miles from home.. A road service and a towing cost a arm and leg, and it didnt repair the truck yet... Think about it.. You have choice, 10k for the truck with 10k in you pocket for breakdown because it will happen, OR 50k for the truck with 0 money in your breakdown, and it will breakdown anyway....
Very valid points. $0 in your pocket will spit you out of this business regardless if you drive a new or heavily used truck. But at the end of the day every situation, experience and ability to solve problems are different, and decision making will make it or break it.
It was mentioned that a first time buyer would get a worse interest. I would have assumed that has to do with credit score and not with number of trucks previously purchased - how would they check that anyways? I thought "oh but you are a first time buyer" was just a trick that sellers try on gullible customers?
I have 30 I want a truck that cost 80,000 with out the trailer if I put 15 down will I make it with the rest on insurance and maintenance I need help please I’m new to trucking thank you
Volvo is the best. As far as backup funds it will vary on the stress levels you can handle. $25k will take care of all your problems. $10k is a very strong middle of the road amount. $5k will most likely be enough if you purchase a decent truck to get through and start making money, if you do your part and know a little bit about mechanics, just enough to figure out what's wrong with your truck when it happens. But then there are plenty of people taking risks without any safety net. But then you need a whole lot of luck.
I’m researching this. I’m only getting a 2007 or older Freightliner with a Detroit series 60 12.7. There’s some you get for $15k - $20k and I’m willing to dump $20k. Plus it’s pre emissions and I’ll pay cash and no truck payment.
What about buying a brand new 2020 Peterbilt 579 with a Cummins X15 engine and 13 speed with 0-100 miles and comes with factory warranty? I know they're like $150K but how about putting a $20K down payment and still have a $10K maintenance fund. I would be a first time owner op and I would plan to keep this truck until I retire which would be like 30 years. I'd love to know your opinion on this route. I think a used truck would be ok like how you recommend but I see used trucks as a huge gamble. You're either lucky or you're not.
With great credit, great work history, and a great business plan that won't fail. A big down payment as well. I'm sure there are other things depending on the company, but I shouldn't have a problem.
I wouldn’t buy an emissions truck unless you live in California. Emission trucks cost a lot more to repair and they will break. Cummins X15 is a strong motor. Unless you’re hauling heavy meaning flatbed or low boys then a 13 speed is a waste to have
![[LIVE] นาทีนี้ต้องพี่ทนาย | ทนายแก้ว vs ทนายไพศาล | #คุยให้เด็กมันฟัง EP.47 (02/11/67)](http://i.ytimg.com/vi/HmquaO-PL_M/mqdefault.jpg)
this helps a lot never seen someone do a step by step process video thanks
Thanks for watching.
Literally if your bought any of those trucks back then you could sell them double today.
This is a great video I made the mistake by real life experience and I got hit hard but thank god I can still work hard and buy a better tractor. I’m thinking about buying another one for 80-100k the first one I bought was 16,500 and never will I do that again
yes i am buying my first truck... i know to stay away from 15-50k trucks.
what problems did u have.?
How’s it goin, have you made that leap yet? Any advice
Talk about negotiating a price way down.
8-10% interest rate for a first time buyer---!!!!! Next to impossible---? It is turn down from 10 banks and maybe 25-30 % down at 21% interest rate from one bank---. And I am talking about someone with 700 + credit score.
Right I was insulted when they told me 18 percent and my score is 750
Sorry, but it not the way to handle a truck repair and maintenance.. a truck is like a car... new, used, old, truck broke even when you have full guaranteed on it, and it will cost downtime.. garanteed doest mean it free. I seen truck with 27k on with a broken transmission, 3 weeks downtime... the payment was to be done anyway... no job for almost a month... good chance, the guy have a 15k $ reserved money for breakdown. He paid and live while the truck got repaired. The garanteed fully reimbursed the guy after a month. But in that month, the guy have to live with own money.... so, a new truck doesnt garanteed anything. That you pay 150k for the truck or 10k doesnt change a thing. That the truck have 50k miles or 1m miles, doesnt change a things, you need to have a 10k $ on reserved for breakdown, and a good truck with good maintenance, a alot of luck... ONE thing for sure, you better make the repair before it breaks, at your convenience, at home, then 1500 miles from home.. A road service and a towing cost a arm and leg, and it didnt repair the truck yet... Think about it.. You have choice, 10k for the truck with 10k in you pocket for breakdown because it will happen, OR 50k for the truck with 0 money in your breakdown, and it will breakdown anyway....
Very valid points. $0 in your pocket will spit you out of this business regardless if you drive a new or heavily used truck. But at the end of the day every situation, experience and ability to solve problems are different, and decision making will make it or break it.
Thanks for the gem guys! Salute!
It was mentioned that a first time buyer would get a worse interest. I would have assumed that has to do with credit score and not with number of trucks previously purchased - how would they check that anyways? I thought "oh but you are a first time buyer" was just a trick that sellers try on gullible customers?
I have 30 I want a truck that cost 80,000 with out the trailer if I put 15 down will I make it with the rest on insurance and maintenance I need help please I’m new to trucking thank you
😎😎😎😎😎😎..... THAT DEF SYSTEM ALSO, HEADACHES.
What about volvo ?
How much money will you recommend to have as backup for repair and maintenance when you start ?
Volvo is the best. As far as backup funds it will vary on the stress levels you can handle. $25k will take care of all your problems. $10k is a very strong middle of the road amount. $5k will most likely be enough if you purchase a decent truck to get through and start making money, if you do your part and know a little bit about mechanics, just enough to figure out what's wrong with your truck when it happens.
But then there are plenty of people taking risks without any safety net. But then you need a whole lot of luck.
this help,thanks
I’m researching this. I’m only getting a 2007 or older Freightliner with a Detroit series 60 12.7.
There’s some you get for $15k - $20k and I’m willing to dump $20k. Plus it’s pre emissions and I’ll pay cash and no truck payment.
preach brother! good luck to u
I feel you will be good if you stay away from states with emissions.
Are there any company’s that would lease a truck to you and, would you recommend it being a owner operator?
What about buying a brand new 2020 Peterbilt 579 with a Cummins X15 engine and 13 speed with 0-100 miles and comes with factory warranty? I know they're like $150K but how about putting a $20K down payment and still have a $10K maintenance fund. I would be a first time owner op and I would plan to keep this truck until I retire which would be like 30 years. I'd love to know your opinion on this route. I think a used truck would be ok like how you recommend but I see used trucks as a huge gamble. You're either lucky or you're not.
How are you going to get financed for that?
With great credit, great work history, and a great business plan that won't fail. A big down payment as well. I'm sure there are other things depending on the company, but I shouldn't have a problem.
I wouldn’t buy an emissions truck unless you live in California. Emission trucks cost a lot more to repair and they will break. Cummins X15 is a strong motor. Unless you’re hauling heavy meaning flatbed or low boys then a 13 speed is a waste to have
I paid 92k for peterbilt 579 8,000 miles
Cheap!! Nice deal
What about the 14k truck and doing rebuild before you start?