Truck Drivers With Older Semi Trucks 2011- 2017 Are Going Bankrupt 🤯 Interview With
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- Опубликовано: 31 янв 2025
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For Context- He states that he sees truckers with older trucks defaulting on loans more than new trucks and he recommends drivers to buy the classics like pete 389, Kw W900 that hold more value.
They DNT depreciate as fast as freightliner cascadias, he meant classic looking trucks old school looks.
But also that w900 gonna cost you so much more in fuel to run that truck, I guarantee you the extra fuel cost will eat up the value that supposedly it holds, for a finance guy yes it will make him more money if he reposes that truck and then sell it to get his money back, so that w900 only works better if it gets repossessed for a repo guy, but not for business of trucking, TOO MUCH EXTRA COST IN FUEL
Alex don't hold no punches.if he don't agree he don't agree.he'll say it nice but he'll say it.
People in the comments are forgetting that trucks are considered "classics" by banks somewhere around 20ish years old. That's ~2004 and older trucks. Nobody is disputing the reliability of the pre-emissions trucks. I think what Bruno is saying that trucks from that era are the BEST investments because they hold their value as a result of the reliability and cool factor. That allows the lender to give you a reasonable interest rate, and allows you to sell the truck without huge depreciation if you see the writing on the wall with your payments. In addition, Bruno says the brand new trucks are also doing better than "used". Of course a brand new 2024 generic truck will be more reliable than the same model but high mileage and out of warranty!
@@Tolyty12I have a couple trucks, 1992 FLD120, 1999 century with Detroit 12.7, and picking up an old classic with a CAT, condo sleeper, I have no plans of ever parking my little century, it's got 24" behind the seats so I made a fold down bed, I run it from Wisconsin to Texas, it's a good truck and gets fuel mileage, and it's paid for, but I do want a backup truck, when you run old equipment you do have down time, stay strong
What a load of crap. Older trucks are staying on the road, payed off making money. Stop listening to these lenders, you don’t need a new plastic truck with DEF.
@@clintfipps7312 sad 579 is a comfy roomy truck nice driving turns good pulls strong. i'm a company driver only 300k 2017 579 cummings 13 speed . I always have issues with lights sensors heat ac not working then starts working fridge just went out headlights stop working def has been worked on before me old driver said fumes in the cab. Very nice truck but so much bs . I think its luck of the draw I heard guys have 579 million miles and no issues others i hear have big problems .sad for the money you pay should be better build . 165k thats great for new truck tho !
@@clintfipps7312 100%... I like KW.. but whatever floats your boat.. can't go wrong with either, maybe an old WS. might work just as well. If they run.. why fix em.. thats the way it used to be and should be!!
He's definitely talking about financed older trucks.
@@clintfipps7312 I did my research before buying my truck. I talked to the old timers, techs, service managers, and anyone else that would entertain me. I realized very quickly that the DEF trucks would cause me too much downtime and put me out of business. I bought an 06 Pete 379 with a C15 and a 13 Speed. I've spent some money on her but she's never left me stranded or unable to deliver a load. I've also been profitable since year 2 when I paid off the truck and trailer.
mine is a 1993
I call BS. I have 3 trucks. 2016 Volvo. 2013 Volvo 1998 Freightliner. Both Volvos are in the shop every 8-12 weeks like clockwork with emmision system issues. Spend like 20k a year on each truck maintenance. My 98 Freightliner has not Broken down in over a year. Had a few hoses leak occasionally but that it. Spent 1200$ last year on my 98. I’ll never buy another truck any newer than 2000 year
Manufacturer makes them repairable on regular basis its the new game to fuck over the buyer
He was talking about single operator owners and in most cases startups. It sounds like the big cost that kills the startups is the repairs due to the increase in labor and parts. Then you add to that the down time for the repairs because there aren't enough mechanics to repair them. Then when they sell them because they can't afford it they're upside down on their loans but still have to make the payments. Most people don't have business degrees which sounds like it should be a requirement
You are 100 percent right. I'm a company driver. In the last 10 years, 90 percent of the shop issues are related to the def systems failing. Volvo and freightliner. Pre def trucks were far more reliable. Currently the company has 2 trucks in the shop related to the def system. These trucks only have about 330k miles on them.
You sound like an old timer stuck in your old ways and refusing to adapt. I've driven both, Freightliner and Volvo's. But gave me a hard time and both have done me good. It depends on your mechanic and if they're good or not ornif they're not trying to screw you over. Some mechanics are good with volvo's and some with Freightliner. If I were to say which gave me a harder time it's the Freightliners. The volvo's are just more expensive but perform way better.
@davidclemens1578 pre emissions trucks are gold.the problem is dullards getting that diversity loan that are too stupid to understand fixing things
The trucks with the DEF system BS are the ones that are constantly in the shop!!
Always
No doubt driver 👌🏽
Every one of my friends with the old trucks are in the shop regularly. My 2020 is rarely in the shop about 1/10 of the old trucks that need constant maintenance to keep them going
I started having DEF problems with my 2015 freightliner, but after I got my APU fixed, I didn't have to idle my truck anymore and I haven't had any DEF problems since then!
Yeah the def systems will break you if you can’t work on them yourselves
My experience, is the wires on the dpf periodically go bad from heat and cause alot of issues, they need to be cleaned out alot more if your driving 63 mph everywhere, and the filter and plv get stopped up regularly
Most people don’t know def tank has a filter that needs to be changed lol
Good lord. The bs in this interview is strong.
I own a tow company and will tell you most our customers are def, automatic transmissions and regen issues.
We very rarely tow older trucks.
Repos are all newer trucks because people can’t afford to fix them.
This dude is doing nothing but selling his company products.
This is one big commerical.
Exactly
Agreed
He wanted an interview and I let him get one. Thanks for your insight
@@MuthaTruckeru full of shittttt get your money how u see fit...but don’t DISMISS OOPs who are calling you out in your COMMENT SECTION...u are a SELLOUT!!!
Facts 💯
Almost everyone I know is using thier old truck to pay for thier broken down new truck.
I know a guy with 9 trucks, 2007 the rest are 2015- 5 of them 2016 3 of them, all 600 to 800 thousand miles, all need work, they are all on a online auction as we speak, I see this all over the place, they are all automatics with big Detroit power, not one truck is worth any money
I stick to the best old o e I could get...less computers the better😊😊
The maintenance on my 2006 is no where near the cost of a new truck payment. Not even close. I've run a used truck for 24 years.
What brand
I have a 2006 379 an it’s been reliable as hell. Parts r cheap and csn easily b fixed
@@BlueSkyedCountry kenworth w900
With a cat
I bought my 2016 Volvo back in October of 2022. Dealership went out of business in January of 2023. I had major issues also in January. New clutch, throw out bearing, Rear main seal, timing cover leaking oil, valve cover leaking oil, got the valves adjusted while the mechanic was there, new brakes, and new crankcase filter. April had to replace water pump, May was the starter and one of the tensioner pulleys. June was new tires all the way around. August I needed a new airbag. Then December while I was pulling away from a dock my transfer case exploded. All this while not missing a payment on my truck, but it has been extremely difficult. That being said this year has started a little better. Been getting the truck sorted little by little. I'm not in this to fail. Sadly to many will. If you just look at trucking as another job or business you will fail. This is a lifestyle not meant for everyone.
Kudos to you for keeping up the payments, even with all those repairs! I work for Peterbilt…trucking is an extremely expensive business. The cost of parts alone blows my mind!
I feel you I have 2017 freightliner and all my truck issues are the def systems. Constantly breaking down the only thing that helps me is because my best friend are diesel mechanic.
@annagriffin5057 parts is one thing. I did my taxes and I spent over 84k in diesel fuel alone. Dam near fell out the chair.
@missaelgutierrez477 you're lucky you have friends that are mechanics. Alot of the stuff I do myself, but the big jobs I have no choibut to take it to a professional.
I've been working for the same guy for 11 years pulling a curtain trailer and more recently a regular flatbed. We don't really see a slow time because we only haul direct for a few customers. We have 20 drivers and we're all busy, especially right now. My paychecks haven't changed much in the last two years. Some are higher if take some of the longer loads but I prefer to be home every night so I generally do local stuff. Some of the drivers are actually experiencing burnout because they haven't taken any time off other than weekends.
Edit: the newest truck in the fleet is a 2007 model classic. He has 4 Peterbilt 379's that are between 1997 and 2006. He mostly has freightliner classics.
If you don't mind me asking which company is this? I'm on the of no one wants my truck is a 98 with a CAT
@@chrisg.5100 we don't lease anyone on anymore. He had a bad experience a few years ago with a few guys and after they left he said no more lease operators.
That’s B/S the freight rates have been in the thrash for more than 15 plus years.
East Harbor does not report your on time payments. I financed through them, never missed a payment. Just paid off my truck last year, only to find out they do NOT report your payments. So how are you supposed to build good credit with companies that don’t report your payments??? ( They don’t want you to get ahead) cause then you will qualify for better finance companies. They are like loan sharks!
Been driving a 94 Pete for 25 years. 1 motor , 2 tow trucks. Normal maintenance. 😅
Been driving my (94) Pete for 21yrs.
The reason an older truck breaks down is because they lack maintenance.
The new trucks CANNOT match the reliability of the old ones.
Case in point Fitzgerald Gliders.
They were actually selling more trucks/dumps chassis than the new OEMs.
Simple non-electronic turbos, one computer instead of 5, drum brake systems instead of $ 2000 per wheel discs brakes ($ 10k on tractor & $6K on a trailer ).
Older trucks are almost 60% cheaper to repair than new ones...🥂
2015 dd15 dt12 emission compliant.
Parts oem only.
Diagnostics oem only.
Yes, independent only shops can see 3 out of 5 issues. And i lost two weeks instead of one.
I would like to order a new glider.
It's not available at this time. So im looking for a durable, reliable pre emmision truck.
The manufacturers are putting themselves out of bussiness trying to fix a warranty nightmare that even they dont seem to have the time to r and d properly. All technology and emmission related.
Oem Engineering says that the newest epa regulations for 2027 have not been able to be set up.
Oems need to get together before Epa puts trucking into fred flintstone era.
Experts say that even if we had a class 8 battery . Its range is 300 miles in warm weather. It's much less for cold and time.
Look up roll onroll off ships that battery-operated vehicles have been catching on fire. It's a big deal.
It's not being reported.
I can go 1200 miles to a fill-up.
I dont have to wait hours because the chargers aren't working properly. Or they just aren't there yet.
We dont have the infrastructure to support electric bicycles for everyone.
Energy experts show we've closed more power plants and that they are not replacing them.
Along with this, we would need more precious resources that we dont have the ability to get.
There are overlaping issues with batteries at this time. The technology has improved but not to go solely on electricity. Storage capabilities need to be exponentially improved before they are considered viable.
A former employer preordered some electric trucks. For 2019 delivery.
It never happened. They weren't ready.
At 1 million dollars purchase price, these trucks aren't practical.
It's about 175,000 usd for a new class 8 diesel.
My 3rd motor in an ‘06 KW! EGR only, will never move up to DEF!
Bs I have a 2000 classic xl. It's hardly ever in the shop with down time I keep my shit right. It's not the age of the truck it's how well it's maintained, period.
In the interview, he said that trucks like your classics is a good investment
I know you see five year old trucks in worse shape than your old Freightliner, I have a 99 century with a Detroit, not without fault but it's been good to me, engine is not so far back in the firewall that I can't work on it, but it's still considered a n aero truck
Have a 1997 freightliner with a s60 Detroit been paid for 15 years ago, learn to be a mechanic, you will not have a problem
That's a truck that people love
Thats very true sir. I'm a truck mechanic myself
If you decide to use a hard money lender like this don't focus on the payment make sure to ask about the interest rate they are offering you, if it's 30 percent, run away , and a hard money lender will repo your truck faster than a bank will
I don't recommend buying a truck in this market for sure. You better have good contracts
Full lied, i sold my 05 pete cat and the only issues I had with it was hoses.
He did say invest in the classics.
Yea I have an 06 classic and I’m only now realizing I need to stay stocked on the coolant hoses and the clamps 🤦🏿♂️ seems like every few months they need to be replaced. That’s if we’re talking about Cat here.
@SalGilbert right, hoses and clamps are the major issues on cats I believe, sometimes belts but no much.
I don't want a new truck, and you people out there, when your in the ditch with your automatic trucks, I just drive on by..and I control my truck it doesn't control me, I don't want some crazy ass noise in my ear...to let me know something..and I have no accidents or tickets..and over 30+years OTR..
My 2023 doesn't have collision mitigation. None. Pricey option
Thank you
🤣🤣🤣🤣🤣🤣
BS, I have a 2018 cascadia paid off, and I taught myself how to fix my own emissions problems. I just replaced my dpf filters. I"m not paying 160+ plus for a new truck. Thats crazy.
That's awesome congrats. I was shocked when he gave me that stats, but I can see how someone buying a truck that's cheap and breaksdown alot and they don't have mechanic skills be a problem.
Older trucks are paid off and therefore can't be repossessed
True. I think he's talking about 2011-2017 trucks that drivers are getting loans on
He should have clarified what he calls an "OLDER TRUCK ". To me when i her older truck i think pre emissions 🤷🏿♂️
I think he meant lemons 🍋
That is total BS. I have a 1998 Freightliner Classic that don’t break down at all. My 2013 Volvo that is equipped with emission equipment on a ISX Cummins was in the shop often. Trucks built without emission equipment last longer and will keep you out of the shop.
Rebilt my 2006 Detroit series 60 for $11,000. Broke down last year in my 2019 Peterbilt with a X-15, just for a turbo ,acutuater and dpf filter.......$20,000. You do the math. Dont be a trucker. .......be a salesman! No responsibility
Full of shit. Cant rebuild an engine $11000. GTFOH
I am a truck dealer. There is an extreme shortage of trucks. Prices on used trucks have gone up---. Can't find fleet trucks---. Swift---CR England---Prime---Schneider---Werner---are retailing units on their own---hardly anything available---.
That's because they all have inhouse truck sales... I think the only fleet trucks I've seen on the open market are Walmart trucks
Be a company driver in this market. The mom and pop small companies that have a compassion and respect for there employees would be a good choice.
My 1995 nissan pick up failed it's 3rd smog test attempt at the state referee in Commiefornia. The government is forcing everyone to buy new vehicles with designed obsolesence. Semi trucks included, passenger cars and even home appliances. Spend spend spend, borrow credit to spend.
Montana your nissan
@@ivonivan1169 i might just move to montana too
My friend Montanad it anyways cause title transfer was cheaper with the actual value, with a bonus of not being able to be state reffed and custom plate
So what im hearing, even with a high credit score, you still need a big down payment. Thats crazy. I have a 750 credit score, and i had someone tell me they wanted 45% down last year. I told him to kick rocks
I'll keep rebuilding my 94 379 for as long as I can, them lenders/dealers can keep them latest and greatest emissions pos
I partially agree . I bought my last new truck in Sept 2014. My 2015 Peterbilt 579 with 144 ARI sleeper, Cummins (Cummin’ apart)ISX (it sucks ) engine needed a top end overhaul at 608,000 miles (ridiculous)! Last year and a half had numerous emissions related problems. If you have a new truck they have become more reliable than the trucks 2009-2017. If you have a pre-emissions (no DEF) truck then you are better off. After 34 yrs OTR , O/O 19+ yrs I sold my truck and went back to being a company driver . Only for a few years to replenish my retirement accounts and then I am out . May look then for a part time yard jockey job but I can’t wait to get away from this drastically deteriorating profession.
Forty year driver here/maintenance chief for a company with old trucks….Really good advice,if you are going old truck,go pre emission….Emissions upkeep is what’s killing the guys that don’t have warranty to cover them….Same with guys unloading after two years on newer,you just can’t afford it….Another,if you can’t service/work on your own equipment you are screwed,don’t do it….If you find a high paying niche job,long term you can afford to do more than most….If it’s straight OTR your screwed every way,your just trading your truck for a paycheck with all the headache….By the time you pay it off you’re in for big headaches and no value….Same forty years ago,nothing changed….Government scam making you a slave,don’t do it,believe me….And remember this old saying “Everything bigger with a big truck”,payment,insurance,tires,fuel,fees,maintenance,everything….I have watched many many fail in forty years,I know….Stay away if you don’t have deep pockets/maintenance facility….Best advice you ever got.
For about 2 years the factories where these trucks were made had labor shortages and parts /material shortage to put them together, so there were less being produced for inventory and brought to market the dealership. In...a year or two recently has the production and inventory been brought back up to par, in order to improve the supply available??
Yeah that don’t sound right. Sounds like a shady sales pitch.. they wont make money financing a 25k 2017 freightliner for 2 years. They wanna finance 70k for 6 years. Trucking is shady on all sides
I definitely don't recommend buying a semi truck in this market if you don't have good contracts
I sent a letter to government 2 things eliminate 2010 older. Cash for clunker semis. Also a flatbed endorsement .
Born and raised in Miami and I still live there the cost of living sucks but I love my city
Let me fill yall in why older trucks default. It’s not just because the break downs no. It’s the payments on older trucks are much much more. Require a higher down payment taking away the buyers savings to fix said truck. Interest rates on older trucks INSANE. No matter the credit you’re still looking on a 50k used truck paying upwards of 90k when all said and done. Loan terms are also shorter making the payments even higher. These lenders completely take advantage of the buyer in the used market.
As far as new trucks. Maybe not as much breakdowns but, you are now in a 7 year loan. Still a high interest rate. For a 200k truck you’re looking at 300k all said and done if not more the worse the credit you have. This guy said it himself. They want to finance the trucks they can resale get their money and a profit from the truck. Older trucks that 50k truck just won’t sell for 50k out here. Unlike a brand new truck will sell immediately as the price of new trucks HAVE NOT FALLEN TO 2019 prices like he claims. A brand new Peterbilt 389 is still around 250k$ or more.
Who TF finances a new truck for 7 years when you can only depreciate for half that time 🎉
Yeah your going to need 1/3 down, and the interest is like 50%
I went with a heavy equipment company, their down payments are virtually 0 but the interest is high
It’s like the game is rigged against the small guy?
Bro, can you bring up the epidemic of truck drivers getting a head dent from wearing those headsets all day.
I thought it was just me, when I wear it all day I notice an indentation across the top of my head, it does go away though
Damn
🤣🤣🤣
They are all going to go under. Every bank! The biggest depression in man kind. The whole system.
It's coming soon in 2024
My 15 t680 is paid off. The first couple of years was rough, but i had an aftermarket warranty that helped out alot till i paid it off. Had a inframe done around 900(Warreny paid). Then some how the aftertreatment fell off no problems since
I have a 97 classic flattop and my trucks been in the shop for 2months now nothing major had it repainted and the chassis stretched other than that just the regular maintenance and I cant complain
The industry is irresponsible. All rigs are your bread and butter and should be treated as such. Tender loving care. But quite the opposite. Drivers are beating the hell out of their rigs. Loaded, they're out running four-wheelers! They always have the hammer down, and don't give a crap about fuel conservation. What a joke. I drive 100k a year in 46 States, and Big Rigs are blowing me into the weeds in every State. They're unhinged.
EVERYBODY can’t win Alex. Would be nice, but that’s not how life works.
It sucks!!! I was shocked when he said drivers with older trucks are defaulting on more loans than drivers with new trucks. But I agree with him to invest in the classic trucks like the pete 379, 389, KW W900. They do hold more value. But I still don't think it's a good time to buy a truck right now. Unless u got some crazy good contracts
@@MuthaTrucker yeah it’s weird that older trucks are getting defaulted on. UNLESS they got them for WAY over priced and it’s not worth it to hold on to. Ohhhh yeah the classic trucks catches most folks attention they’ll always hold their value. I’m with you it’s a TERRIBLE time 100%. A person would have to have the best set up ever. Like have a relative over freight operations at a huge facility and give them all the freight they want at true market rates.
Nobody has mentioned fuel economy/costs over the old truck vs new truck maintenance debate here. I have a friend that wants a new truck because of the sub-6mpg mileage, fuel prices, and crappy freight rates.
Fuel economy is shitty on my 2006. But, i ll take shitty economy vs 200hr shop rate. 😂
There is only a few truck engines that get garbage fuel economy no matter what you do, 90% of trucks can get 7+ mpg
What engine or setup do they have that’s getting bad fuel economy?
@@pitbullw35581 3406e
Dealership sold a cascadia in 2021---. The buyer had borrowed 30 K from friends for the down payment---. 5 months later he was at the dealership looking for another unit---he had made a ton of money. He was driving a late model Rolls Royce Phantom---a car about $150000.
On our side---drivers who went overboard with their cars like range Rovers etc---making 12-1500 car payments---a house in the USA and a house from where they came from---multiple car payments have gone under---.
2013 cascadia with a 12.7 Detroit, payed 40k cash at the peak of Covid rates, still going good.
Same 💪🏽
I live in texas have a 379 peterbilt 05 .water pump hoses. And most of the trucks is older trucks . 379 , freightliner classic, mack ,ect of older trucks are in texas. Period
Do not ever borrow finance or otherwise with Big Rig Lending out of Georgia or you will have it stolen from you and sold at Richie auction
i have good credit no debt been company driver 12 years these companies wanna give me interest over 30 %
Yeah, don't do it
@@MuthaTrucker hell no do you have email I want you to look at my business outline see if my numbers are realistic
"Hey there, Mother Trucker News fam! Let's talk trucks - specifically, the fuel-efficient beasts that keep us rolling. Now, I've got a soft spot for the classics, but when it comes to crunching numbers in today's fuel market, new trucks with their 7.6 to 8 miles per gallon efficiency take the cake. With over 15 years in the diesel tech game, I've seen firsthand how higher RPMs can burn fuel faster, making those older models less economical. But hey, mad respect to the veterans who paved the way for us all. Building a solo trucking business ain't easy, especially with ELDs, paper logs, and all the tech headaches that come with 'em. And let's not forget the stats on DPF system breakdowns - ain't nobody got time for that! Now, I'm not dissing the old-schoolers who prefer simplicity, but give me a modern shop any day over tinkering with more than just changing the oil. And when it comes to money, it's all about smart investing. Crunching the numbers, I could roll in a new rig for 10 months, bring in 5K a pop, and still have peace of mind under warranty for the first 500,000 miles. With careful maintenance planning, even when that warranty runs out, I'll still be living the dream. And let's not forget, I can handle any manual or automatic with ease and fix whatever comes my way - just like an eco-system, more efficient until it hits a snag. So, remember, in trucking and in life, you get out what you put in. Keep on truckin'!"
This guy is an ATA shill posing as a truck driver!! Nothing more. PAID ACTOR FOR THE ATA!!
😂😂
The lender is just saying this because they know newer trucks are easier to sell once they repo it lmao
🤣😂🤣
My 2014 Cascadia blow DD15 engine took the junk out and put 60 series 12.7 on. No more BS.
Great interview!!¡
Yeah they are in the business of repo, they took mine while in the shop
Damn
My t600 is a 1998 26 yrs old running strong, 12.7 dirty Detroit
This required a little more clarity.
If I buy a piece of junk freightliner/International/Volvo at 10 years old, its had more drivers and shops than carter has liver pills. If the doors are barely hanging on (hay wired), bumpers bungie corded, brake drums pitted and trenched like truck parking lot, oil as thick as winter molasses then he is right. When you get done with the "virgin rubber" idea of your new truck...you will be stuck beside the road or posted "out of service"at the inspection barn when you get called in. If you do not have 200K for a new one and 30K stuck back? In this market? Take door dash and deliver food by the meal not 42,000 wt.
All right the answer to why the finance broker prefers new equipment is because at auction they will fetch a higher price .... period 🤷 There's a larger market for them.... So of course inevitely the debtor is going to make at least a year's worth of payments on the truck Plus if he defaults at auction the truck will fetch a decent price which will either cover the debt or lessen the loss .....
My 2023 Kenworth T680 Paccar engine..... The injectors took a s*** within 30,000 mi..... Then the DEF quality sensor at 40,000 mi ... 60,000 miles to DEF pump .... Then at 89,000 miles the PDB went bad .. power distribution box essentially a fancy fuse box that connects to the can system network 🤷 .
No biggie right I covered under warranty Well guess what.... The truck was 1-year-old and had 89,000 mi on it.... These new trucks the electrical components In about I would say 65% of the truck is covered under the so-called bumper to bumper warranty.... After one year you're on the hook for 65% of the truck I was given a $6,800 bill until this is what it's going to take to fix your 1-year-old truck....
I said whoa hold on immediately called up The regional dealership rep and an emailed him a service bulletin that they had back in 2019 informing technicians that they had a bad batch of PDB ..... I then put my foot down and said look there's no reason the PDB Should have or could have went bad in one year.
Fortunately he agreed with me and Kenworth replaced it under a good faith warranty...... Funny thing though is I still had to pay $700 and something dollars For what you might ask.....
I imagine it was for labor but right there on the invoice it said dealer markup obsolete part 🤔....
7:29 Absolutely!
Many moons ago I drove for Sitton Motor Lines….I was a company driver,one of their first twenty in new Peterbilt cab over trucks….Rest of the fleet were O/O and we were hated….I survived two years of it and company offered to sell me my truck….Tempting,and I was young….Hashed and rehashed the numbers,just couldn’t make it work….Suicide….They sold my truck to an O/O and it made me sick every time I saw it on the road….However,best decision I ever made in life….Much better off being a company driver ,and,years later,could afford my own trucks….NOT for OTR though,never ever go there….
I've noticed the drivers with the long nose petes abuse their jake brakes. Could this also contribute to more frequent trips to the shop from additional engine wear?
Yes that's a wishful spin saying this so they can get you to buy newer trucks so they can MAKE MONEY SPAM
Awesome vlog yo!
I think it depends on the driver. I've been in industry for over 30 years I think it depends on situation my opinion is if you stay on top of maintenance with any truck and spend your money right you can make it now with that said do it while you're young pay your parents a little rent so when you want home time you got a place to go to. My opinion is first learn everything you can stay positive also learn with standard transmission that way if you decide heavy hauling eventually you will already be ready. Build your finances if you can and serious run hard for like 2 years before you buy your truck so you're able to put a decent down payment or maybe get a personal loan at a low interest rate credit is top priority the lower interest the better payment. Also really a young person shouldn't really start trucking until they like 20 just opinion it is what it is. I say good luck to everyone chasing there dreams unfortunately this industry is rough
My FLD freightliner is making money and has never left me stranded all the pre def and dpf trucks are junk and are always in the shop
There should be a new rule about the value of your truck and its parts. How are you gonna charge me $10,000 for a clutch when the truck is valued at the same price.
I am selling 2018 and 2019 680's w/Cummins X15's MIles 500's 600's. They are a steal right now in this market. Because of rates, I hear of drivers walking away from payments on anything Under 4 yrs old.
Great short interview
bull crapi bought a new 2016 lonestar and i woyuld buy another truck right now becauseb itb sucks, i just put in almost 8000 in repairs in febuary ,shes paid off and we are ok right now
Congratulations!!! Paid off is best!
This has nothing to do with pre emission trucks, i have a 02 international 9200i with a Cummins N14.
Define older trucks. Do not buy new trucks. Look for trucks under 40ty grand. I've made a lot 😂money, on a 30ty grand truck I bought 5 years ago, and it was a dpf truck was. I've got over 60ty grand under the hood, and I'm sure this summer I'll be upgrading the oil cooler manifold and turbo and their goes another 10 grand. Trans and deffs 1.2 million miles. My lender says 7.5 percent.
I think he's talking about pos 2012 international pro stars max force lol
@@MuthaTrucker they don't like those engines in Mexico, and they won't touch a paccar engine. They prefer Detroit because it cheaper to rebuild.
He is the salesman
That guy looks like he has a cousin that will come break your legs if you are a week late on payments.
Omg!!!!! 🤣😂🤣😂🤣
He works with the banks and the banks want new. Older trucks are making the money. I'm about to buy another truck: 2019 KW W900L with an 18 speed manual and it's been deleted. I will finance through my own credit union and get great rates. I've been trucking for 21 years. He's a money grubbing lender.
Genius recommendation for all the big money fleets that do it totally wrong apparently they need to get all the OLD trucks cause that's who makes the money 👻🤡👻♥️
@@100pyatt that's why you don't drive and just troll. Independent isn't part of the fleets. Small companies keep the country running smoothly.
Won’t you get in more trouble for deleting emission system?
Looks like a lot of people dont realize that anything older than 2-3 years is NOT considered a NEW truck.
2021 and older is OLD equipment.
From my experience, buying new and fuel efficient trucks is definitely worth it.
Also, regarding buying a classic truck. Even though it holds resale value better, you'll spend way more money on fuel so I dont think it's worth it. Unless you want a "cool truck".
Love them 2020 international LT because they look roomy and comfortable but ill probably stay with my 07 volvo vnl and my D12 volvo engine
Crazy!! I drove a ‘23 kw no miles on it. Guess what broke tf down with electrical transmission issues. I was pissed. Waited months for a part. IMO anything. Especially after Covid is crap But this whole def mess caused the other truck to go down. 17 freight shaker. So bump that give me an old school before all this madness. All the old heads I see and talk to have no payments and no issues. They are running their own lanes to manage the truck.
And what does that tell you? The rates need to go up!
Thats a lie...Older Trucks have fewer Breakdowns...
Not from what I've seen for 26 years
what up ALEX
I am not going to laugh , But when I first got in trucking back in the day I drove a truck for a friend for 2 years and I save all my money , After 2 years was up I was on the hunt , Found me a 1965 needle nose Peterbilt 290 wb. , I bought that truck for $6500 bucks , Big cam 280 in it with a 4 by 4 , I rolled her in the old man's barn put her on blocks and clean that baby up , My friend sold me a 41 foot utility flat bed and I went trucking , But anyway that's the way these Guys need to start , I would not finance a turd let alone a truck and especially these new ones
Great advice
Direct customers will always pay better than a broker.
The truck dealer guy said that because all he can sell is newer trucks because he can’t get his hands on any older ones😂😂😂🎉
The biggest problem I see with new owner operators is they want to buy bigger house luxury cars take luxury vacations that all stacks up to failure.
prices are no where near 2019 ... still need to come down another 40k for most new models ...
Why have this company on ? When they have horrible reviews of treating people like crap. Just wondering
Thought it would be interesting insight. I don't recommend buying a semi truck at all in this market unless you have good contracts
This company does not report your good payments. I just finished paying off my truck that they financed, only to find out they do not report your payments. They don’t want you to succeed, because then you will go to a better financial institution. They are loan sharks!
I know, great rates are gone because echo stopped.Giving this field search charges on all of our loads.They put in a flat rate price.Feel goes up.They don't give a higher rate.I will not go for echo anymore
Its hard to trust a finance manager or salesman when there's no success unless they screw over the buyer with high rates and prices.
I love my paccar , is all about the maintenance and the delete 🤣
A lot of trucks are lemons from the manufacturer
FACTS!!!
He must be asking all the people he financed five or 10 years ago, who still have def on their trucks and sensors because there’s no way that he is sampling and surveying people who have trucks from 20 years ago that it had an overhaul and are still running good
How about trailers...are trailers his wheelhouse? Is it relatively easy to get loans on trailers?
Go talk to the dealer, they aren't going to talk about anything past four years old, they want you to trade it for new, grant it if you are buying a new truck i would think that is what you want, these new trucks aren't made to last ten years or millions of miles, for that fact, our pre emissions trucks are 17 years old, who would think they would still be running, OTR guys run 3000 miles a week on average, times 17 years, that's 2,652,000 miles on that truck, they don't plan on us finding old trucks and running them at some point you have to upgrade your truck, you could do it like me and have a row of olf Freightliners, restoring them to get a newer trucks every three to five years, its a real struggle, unfortunately there might have electric trucks figured out before the emissions sysyems on our five year old trucks stay strong guys
I think by older trucks this guy meant 2011+ till like 2017ish
Yeah, I agree. Cause he recommends investing in Classic trucks like Pete 379, 389 and KW W900s
Not me.. Id rather build a glider.. from an mid 90s KW anteater.. with a Cat 3406.. I love my comics.. no digital AI master race for this driver.🤣🤣🤣
Now that would be epic
I would NOT EVEN recommend buying a new truck. The insurance is crippling.
Get a good used truck with 300K to 400K and go for what you know.
If you take care of it, it will take care of you.
My first one was a 2012 Cascadia with an ISX. EVERYONE told me I was going to lose my ass.
That truck built my fleet.
Congratulations!!! But I wouldn't recommend buying a truck in this market
Insurance rates of $40k-$70k (yr) a year will knock many O/O into company drivers.
Older trucks cheaper better less crap n if u put meritor14xe remote control acts like 15 liter fuel efficiency 50 mpg hybrid
30% down today’s market? “ to risk for us” but you guys makes a lot money on our back. My dream to buy a truck die many years ago….be a local driver works…til I do retire.
That's a great plan. Gotta do what works for u
If you all didn’t know this car and truck manufactures don’t make money on the sales they make money having an existing fleet on the road selling parts so these DPF system failures are part of their profit
Risks are risks in my opinionated n whether you have a new truck or not'the lousy rates
The newer trucks are being pushed in because it's a cycle of business. Safety features better fuel economy and DEF is just a pitch line. Lenders make money mechanic shops makes money both ways repairs and storage time. Insurance still get paid rather you move or not. I'll take any old skool truck over any DEF truck. Look at how the DEF cake up around the tank if spilled think about it thru your system. Besides how can you default with a paid off truck.