I've been a owner operator for six years and the biggest mistake i made was buying my 2012 Freightliner. I should've bought something ten years older. First of all new trucks have dpf and once that system stops working. You'll be in a derate and it cost a lot of money to repair and the down time is ridiculous. I do have an 05 western star and it's way cheaper to fix than my Freightliner and easy to fix. Sometimes you smart to people who don't have experience, but i live this.
I have a fair amount of experience in this industry. I don’t doubt based on your experience maybe you could’ve went with a used truck. But if you were to give advice to a broad majority of people. Would you tell them to buy used knowing they have no experience in this industry. Or would be a better idea to lease or buy a new truck and have a chance at less down time and increased MPG savings.
@@Gill22 I would tell them to buy a older truck cash. As far as mpg goes. Older trucks in my opinion burn better than new trucks. First of all, new trucks use, the diesel for the injectors to drive the truck and it also uses diesel for the dpf to determine the temperature for a Regen (which is a waste in my eyes) Older trucks are just easier to work on and more reliable. Plus, you don't need a special technician to work on them. If i knew what i knew now. I would've saved my 42k cash and bought an early 2000s w900 and I would've profited more money. Listen, my truck is in the shop atleast five times a year for dpf issues and the cost is ridiculous. The engine to me is great but if you're a new driver trying to make money as a owner opperator, stay away from anything 2008 and up
@@Gill22 imagine having a truck payment, with insurance (which is high as hell right now) and your truck is down for a couple weeks dew to emission issues. Plus your personal bills. New trucks is the fastest way to bankrupt the small guy. Lease or finance at your own risk lol
Buying a used truck as a great way to go. If you buy new and there's a warranty issue, you can be laid over for even longer than a wear and tear part on a used truck. Find new if you actually have a company, but owner operators should buy used for their first truck. Just know what to look for when you buy
It's an excellent video with very good advice regardless if people agree towards buying a new or used truck. I've driven new and used trucks through leasing and I've driven a brand new Mach Anthem which broke down with less than 10k miles and went into a shop for months cause of a steering case leak or whatever. Even when I was a company driver it was common for a brand new truck to have to go into a shop for a while BUT at the same time used trucks usually have to go into a shop probably allot more often. What I'm looking at is when a new truck is 1st used it's probably not "broken in yet" meaning the things which will break hasn't broken yet and it's really a flip of a coin if one will get a new truck with zero issues or not. With that being said those who are lucky enough to drive a new truck with zero issues for at least the 1st 200k miles has got it good/great. Either way with some truck parts being made of cardboard these days it's going to break down allot quicker used or new. I would like to eventually start a trucking business but with my own advanced truck designs meaning design my own engines and body work. I mean that would actually lead to the highest profit margins for far far less breakdowns. I mean as an engineer I've been highly disappointed with truck designs these days but I understand "TRUCKS ARE DESIGNED TO WORK" and "NOT DESIGNED TO LAST". The MPG is definitely a joke as these engines are purposely designed to burn enough fuel to give less than 20 MPG while it's totally possible to get well over 50 MPG in a truck. I'm only saying this because "FUEL" seems to be the biggest expense in the trucking industry. Honestly the entire fuel industry a huge scam if you ask me as they take great advantage knowing most drivers don't have the ability to re-engineer the fuel/air intake system to more than quadruple miles per gallon. Sorry somewhat off topic I know BUT just think about all the extra profit of eliminating more than 90% of fuel cost. Yeah before I became trucker I was an engineer building fuel saving devices and went from 28 miles per gallon to 60+ miles per gallon in a car some years ago all while reading stories of other energy saving engineers who've mysteriously disappeared.... BUT long as you're installing/using fuel saving devices on your own vehicles no one seems to care unless ya try to openly sale your technology then fuel companies have a problem to "take care of". Sometimes I hate learning technology because human greed over the dollar bill can be so evil and deceptive meaning most of what we buy is engineered to not last or engineered to generate maximum profit NOT maximum fuel savings via why engines are purposely designed to burn as much fuel as they do HOWEVER sometimes there's actually a few smart ones here and there which can SEE ways around allot of various designs. Sorry I'm such a nerd and trucker but hell I've been designing sh*t since I was a kid so it's only natural to come up with certain technologies to solve certain problems like fuel prices.... I mean the less fuel ya actually have to buy after a full tank then the more fuel money one can save. I mean at the very least if I did start my own trucking company then by simply re-engineering the fuel system on all the trucks to burn at least 50% - 80% less fuel via fuel saving technologies that's how I would increase my profit margin. Using a "fuel catalyst" along side the fuel vapors via a chemical chain reaction and such is how it works without going into details but whatever I'm not stupid enough to put a tutorial online with how to build certain things lol as I don't intend to become any real threat to multi billion dollar fuel companies who would do anything to protect their billion dollar businesses. It's just not fair for those of us who has to pay these ridiculous fuel prices. Theres even like a 35 US Patent Law or there's actually laws governing the new releases of devices meaning if a new product/technology is more than 15% efficient and you get a patent on it then the government can order you to never say anything about it or face prison time or whatever so basically the release of NEW TECHNOLOGY as a whole is heavily governed but whatever it is what it is. Human greed has no limitations and the world of transportation and fuel I consider to be the largest scam in human history because of the way fuel companies and auto makers as a whole design all vehicles to maximize profit. Whenever I think about starting a company I'm also taking a look at the technologies used... being a mechanical geek isn't completely my fault as it's kind of like a genetic trait. See my grandfather was a mechanic and trucker also as such I've always found mechanics and trucking alike feeling very natural so I've always done my own mechanical work while envisioning MUCH better designs. That's the way my mind works. I can't just drive a vehicle and be satisfied with everything especially when there are so many better ways to design certain aspects of virtually anything. If this world didn't run on the dollar bill there wouldn't even be fuel pumps and pollution from vehicles. So much pollution and high fuel prices just to make billions via unnecessarily extremely monopolizing on those who need transportation at any costs.
The biggest mistake is to buy new truck ... If you dont have enough cash to buy it, dont do it. New trucks are for big corpopations , big trucking companies, not for small owener operators.
I would 100% agree ONLY if you know how to properly inspect and also maintain a used semi truck. As I mentioned in the video, most new owner operators don’t even have that basic level of knowledge so they’re better off getting a new truck and finding direct shipper loads.
If you're just getting in the trucking and you're not a diesel mechanic and you buy a truck with no warranty you're dead before you start. Save up for down payment on the truck buy brand new and just like he said trade it in before the warranty is over. Paying off a truck is the worst thing you can do. You don't have to buy it with cash that's idiotic.
I absolutely agree with buying a new truck. I CAN NOT AFFORD THE COST OF POOR EQUIPMENT! I bought my 22 Cascadia new in 2021. It paid for itself. Great video. I shared it.
Yeah it’s a very controversial take but every decision I make is based on data not emotions. Newer equipment has been a LOT more profitable than used equipment for us.
I agree. Not a good time to join right now. Only join if you have a direct shipper contract lined up. Or wait until the capacity meets supply by the end of the year (hopefully)
There is only one mistake, and that is when you buy and/or work more time than you spend at home with a family and earn less than 65% of the price of your home. Also, anyone that builds a trucking business by relying on brokers is nothing more than being an idiot.
I fully agree but that’s unfortunately the reality for most truckers now. It’s easy to find a load through load boards which is why so many keep doing it. If they just invested a little bit of time each day to do some outbound marketing for direct shipper contracts, they could be making great money with much less headache.
Agree strongly with you. Breaking even is a sweet deal at this time in the trucking industry. The middle man has a strong hand in it. Until brokers commission isn’t fixed by law and an official contract confirmation sheet handed to the main actor the owner operator. I would wait.
Yeah I agree. We have too much capacity in the market right now from 2021. However, people that can make it… will make it through the ups and downs. If you join when it’s good, so will 1,000’s of other people and the market will turn again. It’s cyclical and unavoidable in this industry.
@Gill22 That's why the guys with the best chance for now is the single owner operator. No large over head they can pay themselves something instead of HAVING to pay an employee.
@@bayfalltransitandtransport9360 It would be better if brokering was deregulated, allowing more brokers (good and bad) to flood the market, compete, and drive down commissions. The state has done a terrific job at brainwashing the public into believing government is the solution to our problems. a genuinely free market will reward legitimate value and punish the leeches that find ways to abuse the system.
Very very true! I don’t know if I made that caveat in my explanation. When you’re starting off solo, just buy a used truck that’s still in good working condition. If you want to build a fleet, you have to start leasing trucks otherwise drivers won’t work with you and you won’t have economies of scale.
As a used truck sales manager and former dedicated used truck sales rep, I take extreme offense to "mistake #3." Just kidding, I'm not offended. I do think the issue is more nuanced than, "Don't do this." You have to understand what you're buying, understand the risks, protect yourself (meaning don't buy a TrueNorth warranty), and have a short exit plan.
Hi Gurpreet, I hope this message finds you well. I wanted to reach out and see if you have any needs for a remote freight dispatcher. I'd be happy to discuss how I can assist with your dispatching requirements. Looking forward to your response! Best regards, John
Yes, I take that into account when accounting for financing monthly payments and insurance costs. However, the savings you get through maintenance/repair and fuel make up for the increased upfront investment. You can also lease. You don’t have to buy new.
You need to dispatch 10 trucks to make roughly $20k to $25k. It’s not hard at all considering our dispatching company worked with 81 trucks last year and you’ve probably seen our ads on FB/YT.
@@Gill22 😂😂😂10 truck groos 7k weekly at 5% dispatch fee is 16k Even on this Market is hard to groos 7k And is stupid to paid for dispatch if you are a OO don't fool the ppl men
@@GPROMOTIONSwell my company gross 35.7k last month in dispatching of 32 truck with average gross per truck 23,400..learn the business man..n of course, been long in dispatcher company we're not depend on the loadboard alone as per a lot of O/O do..as I said, learn the business man
@@faid0now you change with 35 trucks not 10 trucks I know the business better than you I have trucks so I do t need of anyone But you as soon any O/O quit or dispatch by himself you do t have nothing
Yeah I totally understand but business is not meant for everybody. There’s a lot of risk especially in trucking. You shouldn’t start a trucking business if you don’t understand the industry and business principles. Also, thank you so much!
I can understand buying used especially in markets like the one we’re in ONLY if you can work on semi trucks. If not, you’re better off buying used, keeping it under warranty, benefit from increased MPG, you stay on the road longer, etc. Also, you can easily hire truck drivers to work for you on new equipment and shippers are far more willing to work with carriers with new equipment. There’s a trade off for both, I personally prefer new trucks.
It all depends though. What You say is not true all the times. A 2024 cascadia is not more fuel efficient than a 2020, but You can find a 2020 at a quarter the cost of new one and if it has 400kmiles.or less, You ll have at least 300k miles left without major repairs or downtimes and on top of that You can buy extented warranty for engine and transmission that will cover you till 700k+. Untimately You need to run the numbers, especially now there are so many deals on 0:01 used but modern trucks that will run as well as a new one with the same fuel efficiency but depreciate much less.
Dude you’ll get decapitated in this market as a startup runnin the load board. I suggest you find an alternate career, cuz this 💩 will bankrupt you and family.
6 comments above he confirmed that entering the truck business at this time would be the biggest mistake... Motivating and demotivating at the same time
Why do you act like a warranty will get your truck out of the shop quick? Its better to run a truck thay has readily available parts and is able to be worked on by all shops which is usually always a older truck. Also most warranties wont cover labor, just parts.
I never said warranty will be able to get your truck out of the shop quicker. I mention it for the cost savings on parts. In an industry where your costs are the ONLY thing you can really control, you have to be careful about the strategy you employ. I’m willing to bet that by leasing/buying a new truck and through proper maintenance schedules, inspections, and driver training… we will be able to reduce our downtime, consistently increase our MPG to 7.5-8, and have an easier time hiring drivers. All of which are the biggest hurdles for a fleet. If you have some know how with semi trucks and you don’t plan on employing any drivers, then most definitely buy used and find ways to increase MPG through your driving or through drag reduction.
@@Gill22 I rather be getting the same mpg out of a 5 year old truck than to pay close to 200k and have my truck in the shops for months when a small abs sensor goes out and I’m not dot legal. The older trucks have tons and tons of after market parts as well.
That’s a massive difference. If you assume you drive 100,000 miles a year and it costs $3.73 for a gallon of diesel, at 5MPG you’re spending $74,600 and at 7MPG you’re spending 53,285. An extra ~$20,000 in profit that you’re missing out on every single year. Also, with lower costs, you’re more likely to survive trucking recessions.
what about learn how to drive a truck properly first and then go ahead for it.most of guys dont know how to use proper gear and rpm to go up and down a hill and blow up something doing so.every day i see guys at hills seating there bcz they broke down.most of them bcz they arent properly trained.same with Ownr Op.learn how to drive and then go ahead.
Yeah I mention that in the video. The gross revenue of a dispatcher and owner operator will not mean the same level of net profit. Also, it will take a dispatcher 10 trucks to make the same gross as a single owner operator. If an owner operator had 10 trucks, they would be making significantly more in profit.
#3 is absolutely wrong. Buying the RIGHT used truck is the way to go. Do you have 6-8 weeks to wait at the freightliner dealer for parts for your brand new truck that are on "national backorder"? Another RUclipsr, Country, has a 24 Cascadia that literally needed 6 injectors in the first 20k miles on a brand new truck. Warranties are literally worthless. As in they are worth-less. Think about the money you could have made while you are waiting for warranty repairs. If you can properly save money, you can just pay for the repairs for your used truck (that you own outright) and be back on the road far sooner than the person waiting on warranty repairs.
🎉🎉🎉🎉 First
I've been a owner operator for six years and the biggest mistake i made was buying my 2012 Freightliner. I should've bought something ten years older. First of all new trucks have dpf and once that system stops working. You'll be in a derate and it cost a lot of money to repair and the down time is ridiculous. I do have an 05 western star and it's way cheaper to fix than my Freightliner and easy to fix. Sometimes you smart to people who don't have experience, but i live this.
Preach
I have a fair amount of experience in this industry. I don’t doubt based on your experience maybe you could’ve went with a used truck. But if you were to give advice to a broad majority of people. Would you tell them to buy used knowing they have no experience in this industry. Or would be a better idea to lease or buy a new truck and have a chance at less down time and increased MPG savings.
@@Gill22 I would tell them to buy a older truck cash. As far as mpg goes. Older trucks in my opinion burn better than new trucks. First of all, new trucks use, the diesel for the injectors to drive the truck and it also uses diesel for the dpf to determine the temperature for a Regen (which is a waste in my eyes)
Older trucks are just easier to work on and more reliable. Plus, you don't need a special technician to work on them. If i knew what i knew now. I would've saved my 42k cash and bought an early 2000s w900 and I would've profited more money.
Listen, my truck is in the shop atleast five times a year for dpf issues and the cost is ridiculous. The engine to me is great but if you're a new driver trying to make money as a owner opperator, stay away from anything 2008 and up
@@Gill22 imagine having a truck payment, with insurance (which is high as hell right now) and your truck is down for a couple weeks dew to emission issues. Plus your personal bills. New trucks is the fastest way to bankrupt the small guy. Lease or finance at your own risk lol
@@Gill22 that's exactly what I'm trying to tell these clowns. Your information is solid for new truck drivers. Keep doing what you do.
Buying a used truck as a great way to go. If you buy new and there's a warranty issue, you can be laid over for even longer than a wear and tear part on a used truck. Find new if you actually have a company, but owner operators should buy used for their first truck. Just know what to look for when you buy
100% agree. New if you want to grow your trucking company, used if you’re an owner operator 🙌🏽
It's an excellent video with very good advice regardless if people agree towards buying a new or used truck. I've driven new and used trucks through leasing and I've driven a brand new Mach Anthem which broke down with less than 10k miles and went into a shop for months cause of a steering case leak or whatever. Even when I was a company driver it was common for a brand new truck to have to go into a shop for a while BUT at the same time used trucks usually have to go into a shop probably allot more often.
What I'm looking at is when a new truck is 1st used it's probably not "broken in yet" meaning the things which will break hasn't broken yet and it's really a flip of a coin if one will get a new truck with zero issues or not. With that being said those who are lucky enough to drive a new truck with zero issues for at least the 1st 200k miles has got it good/great. Either way with some truck parts being made of cardboard these days it's going to break down allot quicker used or new.
I would like to eventually start a trucking business but with my own advanced truck designs meaning design my own engines and body work. I mean that would actually lead to the highest profit margins for far far less breakdowns. I mean as an engineer I've been highly disappointed with truck designs these days but I understand "TRUCKS ARE DESIGNED TO WORK" and "NOT DESIGNED TO LAST". The MPG is definitely a joke as these engines are purposely designed to burn enough fuel to give less than 20 MPG while it's totally possible to get well over 50 MPG in a truck. I'm only saying this because "FUEL" seems to be the biggest expense in the trucking industry. Honestly the entire fuel industry a huge scam if you ask me as they take great advantage knowing most drivers don't have the ability to re-engineer the fuel/air intake system to more than quadruple miles per gallon.
Sorry somewhat off topic I know BUT just think about all the extra profit of eliminating more than 90% of fuel cost. Yeah before I became trucker I was an engineer building fuel saving devices and went from 28 miles per gallon to 60+ miles per gallon in a car some years ago all while reading stories of other energy saving engineers who've mysteriously disappeared.... BUT long as you're installing/using fuel saving devices on your own vehicles no one seems to care unless ya try to openly sale your technology then fuel companies have a problem to "take care of". Sometimes I hate learning technology because human greed over the dollar bill can be so evil and deceptive meaning most of what we buy is engineered to not last or engineered to generate maximum profit NOT maximum fuel savings via why engines are purposely designed to burn as much fuel as they do HOWEVER sometimes there's actually a few smart ones here and there which can SEE ways around allot of various designs.
Sorry I'm such a nerd and trucker but hell I've been designing sh*t since I was a kid so it's only natural to come up with certain technologies to solve certain problems like fuel prices.... I mean the less fuel ya actually have to buy after a full tank then the more fuel money one can save. I mean at the very least if I did start my own trucking company then by simply re-engineering the fuel system on all the trucks to burn at least 50% - 80% less fuel via fuel saving technologies that's how I would increase my profit margin. Using a "fuel catalyst" along side the fuel vapors via a chemical chain reaction and such is how it works without going into details but whatever I'm not stupid enough to put a tutorial online with how to build certain things lol as I don't intend to become any real threat to multi billion dollar fuel companies who would do anything to protect their billion dollar businesses. It's just not fair for those of us who has to pay these ridiculous fuel prices. Theres even like a 35 US Patent Law or there's actually laws governing the new releases of devices meaning if a new product/technology is more than 15% efficient and you get a patent on it then the government can order you to never say anything about it or face prison time or whatever so basically the release of NEW TECHNOLOGY as a whole is heavily governed but whatever it is what it is. Human greed has no limitations and the world of transportation and fuel I consider to be the largest scam in human history because of the way fuel companies and auto makers as a whole design all vehicles to maximize profit.
Whenever I think about starting a company I'm also taking a look at the technologies used... being a mechanical geek isn't completely my fault as it's kind of like a genetic trait. See my grandfather was a mechanic and trucker also as such I've always found mechanics and trucking alike feeling very natural so I've always done my own mechanical work while envisioning MUCH better designs. That's the way my mind works. I can't just drive a vehicle and be satisfied with everything especially when there are so many better ways to design certain aspects of virtually anything. If this world didn't run on the dollar bill there wouldn't even be fuel pumps and pollution from vehicles. So much pollution and high fuel prices just to make billions via unnecessarily extremely monopolizing on those who need transportation at any costs.
The biggest mistake is to buy new truck ... If you dont have enough cash to buy it, dont do it. New trucks are for big corpopations , big trucking companies, not for small owener operators.
I would 100% agree ONLY if you know how to properly inspect and also maintain a used semi truck. As I mentioned in the video, most new owner operators don’t even have that basic level of knowledge so they’re better off getting a new truck and finding direct shipper loads.
@@Gill22 💯 agree
Couldn't have said it better
If you're just getting in the trucking and you're not a diesel mechanic and you buy a truck with no warranty you're dead before you start. Save up for down payment on the truck buy brand new and just like he said trade it in before the warranty is over. Paying off a truck is the worst thing you can do. You don't have to buy it with cash that's idiotic.
@@mannsolo6294 and what do you do when warranty takes a month or two to get your “brand new” truck out
I absolutely agree with buying a new truck. I CAN NOT AFFORD THE COST OF POOR EQUIPMENT! I bought my 22 Cascadia new in 2021. It paid for itself. Great video. I shared it.
Yeah it’s a very controversial take but every decision I make is based on data not emotions. Newer equipment has been a LOT more profitable than used equipment for us.
Don't ‼️....over capacity in trucking, Don't waste your time and money
I agree. Not a good time to join right now. Only join if you have a direct shipper contract lined up. Or wait until the capacity meets supply by the end of the year (hopefully)
There is only one mistake, and that is when you buy and/or work more time than you spend at home with a family and earn less than 65% of the price of your home.
Also, anyone that builds a trucking business by relying on brokers is nothing more than being an idiot.
I fully agree but that’s unfortunately the reality for most truckers now. It’s easy to find a load through load boards which is why so many keep doing it. If they just invested a little bit of time each day to do some outbound marketing for direct shipper contracts, they could be making great money with much less headache.
Hiring the first person that applies to get the unit in use!
Hey Gill right now unfortunately is not a good time!
Agree strongly with you. Breaking even is a sweet deal at this time in the trucking industry. The middle man has a strong hand in it. Until brokers commission isn’t fixed by law and an official contract confirmation sheet handed to the main actor the owner operator. I would wait.
Yeah I agree. We have too much capacity in the market right now from 2021. However, people that can make it… will make it through the ups and downs. If you join when it’s good, so will 1,000’s of other people and the market will turn again. It’s cyclical and unavoidable in this industry.
@Gill22 That's why the guys with the best chance for now is the single owner operator. No large over head they can pay themselves something instead of HAVING to pay an employee.
We're getting close to the bottom of the sleeper market. It might not be a good time to run, but the time to buy is certainly near.
@@bayfalltransitandtransport9360 It would be better if brokering was deregulated, allowing more brokers (good and bad) to flood the market, compete, and drive down commissions. The state has done a terrific job at brainwashing the public into believing government is the solution to our problems. a genuinely free market will reward legitimate value and punish the leeches that find ways to abuse the system.
The biggest mistake would be getting into the trucking busineas today.
Haha true. We already have too much capacity. Not a good time unless you already have shipper contracts lined up.
It all depends on personal goals , maybe some just trying to live of one truck for test of their career or maybe grow into a big company all depends
Very very true! I don’t know if I made that caveat in my explanation. When you’re starting off solo, just buy a used truck that’s still in good working condition. If you want to build a fleet, you have to start leasing trucks otherwise drivers won’t work with you and you won’t have economies of scale.
As a used truck sales manager and former dedicated used truck sales rep, I take extreme offense to "mistake #3." Just kidding, I'm not offended. I do think the issue is more nuanced than, "Don't do this." You have to understand what you're buying, understand the risks, protect yourself (meaning don't buy a TrueNorth warranty), and have a short exit plan.
Hi Gurpreet,
I hope this message finds you well. I wanted to reach out and see if you have any needs for a remote freight dispatcher. I'd be happy to discuss how I can assist with your dispatching requirements.
Looking forward to your response!
Best regards,
John
New truck is around 180,000 used 50,000. Huge difference .
Yes, I take that into account when accounting for financing monthly payments and insurance costs. However, the savings you get through maintenance/repair and fuel make up for the increased upfront investment.
You can also lease. You don’t have to buy new.
Tell me who dispatcher make 25k a month 😂😂😂😂
You need to dispatch 10 trucks to make roughly $20k to $25k. It’s not hard at all considering our dispatching company worked with 81 trucks last year and you’ve probably seen our ads on FB/YT.
@@Gill22 😂😂😂10 truck groos 7k weekly at 5% dispatch fee is 16k
Even on this Market is hard to groos 7k
And is stupid to paid for dispatch if you are a OO don't fool the ppl men
@@GPROMOTIONSwell my company gross 35.7k last month in dispatching of 32 truck with average gross per truck 23,400..learn the business man..n of course, been long in dispatcher company we're not depend on the loadboard alone as per a lot of O/O do..as I said, learn the business man
@@faid0now you change with 35 trucks not 10 trucks I know the business better than you I have trucks so I do t need of anyone
But you as soon any O/O quit or dispatch by himself you do t have nothing
Basically, you're right, but not everyone can find the time to study, much less force themselves to do it…😢
By the way I subscribed to your channel…👍
Yeah I totally understand but business is not meant for everybody. There’s a lot of risk especially in trucking. You shouldn’t start a trucking business if you don’t understand the industry and business principles.
Also, thank you so much!
I run my 1997 cummins off 70% used motor oil and 30% diesel... food for thought.
you won't be profiting 50-80k/m from 10 trucks lol, this guy has never owned a trucking company before.
Won't agree with buying new truck.
I can understand buying used especially in markets like the one we’re in ONLY if you can work on semi trucks. If not, you’re better off buying used, keeping it under warranty, benefit from increased MPG, you stay on the road longer, etc. Also, you can easily hire truck drivers to work for you on new equipment and shippers are far more willing to work with carriers with new equipment.
There’s a trade off for both, I personally prefer new trucks.
It all depends though. What You say is not true all the times. A 2024 cascadia is not more fuel efficient than a 2020, but You can find a 2020 at a quarter the cost of new one and if it has 400kmiles.or less, You ll have at least 300k miles left without major repairs or downtimes and on top of that You can buy extented warranty for engine and transmission that will cover you till 700k+. Untimately You need to run the numbers, especially now there are so many deals on 0:01 used but modern trucks that will run as well as a new one with the same fuel efficiency but depreciate much less.
I see many used trucks at the shop near my home. It doesn't make sense to be at the shop every other month
@@Gill22what happens when warranty takes 2 months to get your truck out of the shop? You've lost a whole Peterbilt in revenue
I want to grow so bad (I'm like a plant in the corner with no sun😢)
Where is the link to your school
It’s in the description!
Where in the description is the link for the spreadsheet?
It’s the gill22.com/free link. When you join the group, you get access to all the templates inside
By the way the music sounds like the same music from Naruto
Haha I knew it sounded familiar 😅
Any hope we see the market like 2020-2022 where you get upto $3 a mile on loadboards doesn't matter wherever you
Unless there’s another unprecedented event like 2020, that will never happen.
I'm studying hard, I want this!
You’ll get it brother. Progress >> Perfection
Dude you’ll get decapitated in this market as a startup runnin the load board. I suggest you find an alternate career, cuz this 💩 will bankrupt you and family.
6 comments above he confirmed that entering the truck business at this time would be the biggest mistake... Motivating and demotivating at the same time
Why do you act like a warranty will get your truck out of the shop quick? Its better to run a truck thay has readily available parts and is able to be worked on by all shops which is usually always a older truck.
Also most warranties wont cover labor, just parts.
I never said warranty will be able to get your truck out of the shop quicker. I mention it for the cost savings on parts.
In an industry where your costs are the ONLY thing you can really control, you have to be careful about the strategy you employ. I’m willing to bet that by leasing/buying a new truck and through proper maintenance schedules, inspections, and driver training… we will be able to reduce our downtime, consistently increase our MPG to 7.5-8, and have an easier time hiring drivers. All of which are the biggest hurdles for a fleet.
If you have some know how with semi trucks and you don’t plan on employing any drivers, then most definitely buy used and find ways to increase MPG through your driving or through drag reduction.
@@Gill22 I rather be getting the same mpg out of a 5 year old truck than to pay close to 200k and have my truck in the shops for months when a small abs sensor goes out and I’m not dot legal. The older trucks have tons and tons of after market parts as well.
You have made videos saying to buy used trucks now you say new
My 1968 mack R got about 5 mpg....my 2012 gets 7.... Not much of a difference
That’s a massive difference. If you assume you drive 100,000 miles a year and it costs $3.73 for a gallon of diesel, at 5MPG you’re spending $74,600 and at 7MPG you’re spending 53,285.
An extra ~$20,000 in profit that you’re missing out on every single year. Also, with lower costs, you’re more likely to survive trucking recessions.
what about learn how to drive a truck properly first and then go ahead for it.most of guys dont know how to use proper gear and rpm to go up and down a hill and blow up something doing so.every day i see guys at hills seating there bcz they broke down.most of them bcz they arent properly trained.same with Ownr Op.learn how to drive and then go ahead.
Come on, there's huge difference in gross between dispatcher and owner operator.
Yeah I mention that in the video. The gross revenue of a dispatcher and owner operator will not mean the same level of net profit.
Also, it will take a dispatcher 10 trucks to make the same gross as a single owner operator. If an owner operator had 10 trucks, they would be making significantly more in profit.
#3 is absolutely wrong. Buying the RIGHT used truck is the way to go.
Do you have 6-8 weeks to wait at the freightliner dealer for parts for your brand new truck that are on "national backorder"? Another RUclipsr, Country, has a 24 Cascadia that literally needed 6 injectors in the first 20k miles on a brand new truck. Warranties are literally worthless. As in they are worth-less. Think about the money you could have made while you are waiting for warranty repairs. If you can properly save money, you can just pay for the repairs for your used truck (that you own outright) and be back on the road far sooner than the person waiting on warranty repairs.