Shid last year abt took me out the game. $25k in repairs and renting a truck to try to stay a float. I feel I still haven’t shook all the back. They better stay company if they can
My truck is parked, I went through this after driving 14 years and swearing I wouldn't buy a truck..Rates went through the roof I was offered a good affordable truck with no money out my pocket..(Rent to Roll).. I didn't even miss the payments coming out my settlements $4000- $8000k a week steady for 2.5 years...payed truck off got title at the end of October 2022...That month I saw rates drop DRASTICALLY..I thought of the 2008 housing crash and said to myself that's about to happen in Trucking..Now my truck is a self storage ornament $535 a month I pay...SMH...the money I saved didn't goto repairs thank God but a dam Storage Unit...$10,000 so far but I right it off on Taxes...I'm currently driving for a good company, Good pay to where I don't even want to lease on to no one at this point....Single owner opp is so over rated unless your heavy hall ,hauling direct freight..if you chase broker freight you'll go broke yourself PERIOD!!!!!
Man I'm glad that you seen the signs and put your pride to the side and jumped out as soon as you seen it! A lot of owner operates don't know when to cut ties! Congrats on the decent Company job you got and I hope thee best for you broski!
@TruckingandLife ,much respect, Thanks...I'm still learning, it's definitely sad to see the old way of trucking is long gone. Integrity is being lost as each ol' schooler retires...nowadays to be slightly successful at this game you've gotta treat it similar to day trading..Get in when it's good and out when it starts eating at the gains you've made..PUMP&DUMP
They need to put some type of cap on these ripoff artists, its literally highway robbery! They can charge what ever they want..its ridiculous the prices they charge.
No lies told in this video bro, I have gone through all that you said and I’m still standing but this is definitely not for the faint of heart!
Im so glad i have a mechanic that bills me payments and tire guy that does the same.
That's good to have in place, but even then you don't want to tab to get too out of hand also ya know!
@@TruckingandLife exactly cuz that's when you get cut off lmao
@@jacob-v8567 Exactly lol
You become a victim of the tow truck, repair shop, and DOT. They have no mercy! Every dime you make, they will take it all and more.
Shid last year abt took me out the game. $25k in repairs and renting a truck to try to stay a float. I feel I still haven’t shook all the back. They better stay company if they can
Great video, bro. Be safe.
Single truck owner operator you HAVE to be able to do some fairly complex repairs yourself. Having a welder with me has saved me a dozen times.
Talking crazy is what we do to make it make sense.. 🤠
Facts big bro
Gotta have more purpose then money in this business we call trucking.
For sure we do
I blow a transmission and it was crazy out there have to tow the truck...less than one mile 2k
Between new regs , insurance and repairs…I moved from towing to off road recovery and drive log truck part time . O/O’s are brave .
Be good 👍
That sounds like a plan! It's always good to hear that 💯
Real truth brother
The biggest problem is they don't have enough cash to float them or they buy too much truck.
No the problem the rate prices.period
My truck is parked, I went through this after driving 14 years and swearing I wouldn't buy a truck..Rates went through the roof I was offered a good affordable truck with no money out my pocket..(Rent to Roll).. I didn't even miss the payments coming out my settlements $4000- $8000k a week steady for 2.5 years...payed truck off got title at the end of October 2022...That month I saw rates drop DRASTICALLY..I thought of the 2008 housing crash and said to myself that's about to happen in Trucking..Now my truck is a self storage ornament $535 a month I pay...SMH...the money I saved didn't goto repairs thank God but a dam Storage Unit...$10,000 so far but I right it off on Taxes...I'm currently driving for a good company, Good pay to where I don't even want to lease on to no one at this point....Single owner opp is so over rated unless your heavy hall ,hauling direct freight..if you chase broker freight you'll go broke yourself PERIOD!!!!!
Man I'm glad that you seen the signs and put your pride to the side and jumped out as soon as you seen it! A lot of owner operates don't know when to cut ties! Congrats on the decent Company job you got and I hope thee best for you broski!
@TruckingandLife ,much respect, Thanks...I'm still learning, it's definitely sad to see the old way of trucking is long gone. Integrity is being lost as each ol' schooler retires...nowadays to be slightly successful at this game you've gotta treat it similar to day trading..Get in when it's good and out when it starts eating at the gains you've made..PUMP&DUMP
That shit is do much stress..repairs and than having high ass insurance with progressive
💯
They need to put some type of cap on these ripoff artists, its literally highway robbery! They can charge what ever they want..its ridiculous the prices they charge.
So were is your maintenance fund at that is your blanket when things break down so if you don't put money aside for breakdown and etc thats your fault
Haha! 💯
✊🏾💪🏾
Is roughly rough
💯
Cheaper be a company driver now day's.
This shit sounds like my story
So true