Bro ,this is the BEST “buying a new truck vs old truck” video. Very informal and detailed. I have a 07 freigtshaker and had it since 09 with 460k miles . Now it’s 1.4 million miles on her. I Can’t complain,I’m very satisfied .
Still running 38 of the 50 Pete 359's my Dad bought new in 1986. Powered by Cat 3406B and Spicer 6x4 Transmissions. Rebuilt a few times yes. But Maintained to Pristine Condition. Most all with over 5 Million miles. Still have to turn down drivers wanting to Drive for me. You take care of them, they will last a long time.
I found a 2002 Pete 379 with a Cat 6NZ with 1.9 million on truck. No records of and overhauls but the price is ok for 49,000$. Do you think this is a good buy? Even if I throw a crate cat in it I’m still sitting pretty good provided all the other stuff is ok?
@@Lost_AtSea_ The motor is the easy part, There is way more things that can break you besides the motor. Take a look at wiring harnesses, replacing them is very expensive, complete a/c systems, driveline components, the list goes on. With that many miles, you should expect to continually spend a considerable amount to keep it on the road.
@@nunyabidness7204 wouldn’t mind at all rebuilding a 379 from the ground up!!! Still would be better than overpaying for an emissions truck that will nickel and dime you to death
@@Lost_AtSea_ It’s definitely doable if you have really deep pockets. You can easily spend what a new one would cost on a total rebuild. Good luck if you give it a shot😉
@@Lost_AtSea_ I’d be very interested to know what you think about it after you get into that project. Have you ever bought a new one so you have personal experience about it nickel and diming you to death? I’ve done it both ways and can tell you without a doubt and have the numbers to back it up that new with warranty is the only way to go, in my opinion. The thing about rebuilding an older truck is if you are gonna do it you will need two trucks, one to run while the other is getting rebuilt, unless you can afford to buy the rebuilder and fund the rebuild before you start marking money with it. Good luck, I hope it works out for you👍
A lot of places won’t even sell a new truck to OO’s rn… they are saving them for fleet purchases. I just finalized on a nice 2019 t680 w 322k miles, Cummins X15 and a Tripack for 90k That’s the best I could find the past 3 weeks 🤙🏻
Sammy, you are absolutely right. I’ve done it both ways, and the spreadsheet doesn’t lie. I had a very nice 2007 Pete with a Cat, bought it with 725,000 miles, and sold it with about 800,00 miles on it. I loved the truck, but spent money every month keeping it nice. I rolled all the equity into the 2023, and only have a $1,700 payment on the 389 with a 5 yr 500,00 mile warranty on the motor, and 3 yr 300,00 on everything else. While I like the Cat powered equipment, I like the new, w/ warranty much better. Great video👍 Listen to him people, he’s right on the money with this one. 😉
This is my plan almost minus financing. Going to take the ladder up till I can afford to get a new one with cash plus trade. Just prefer to have stuff paid off like Dave Ramsey.
Awesome video driver. I plan on dropping 100k on a custom spec'd W9 in a few years. Haven't decided if I'll pull reefer or flatbed yet though. Your information is greatly appreciated sir.
You're speaking nothing but facts. I bought mine brand new in 2020 (Volvo VNL 860 globetrotter), put 14k down and my payments are 2750 a month (not bad in comparison to the numbers you mentioned) and total cost is 179,000. I've got 270,000 miles on it and it's only been in the shop for 1 issue really besides small things and nothing big. I do my oil changes around 20/25k but I think I may start doing just under 20k at this point.
Hey driver and good looking out for all the information and research that you've done I am a big W-9 fan and hopefully one day I'll be able to get one thank you so much for looking out for the truck drivers of America.
@@MrDmacc1 Not a chance.. In todays market that would be like buying a stock that tanks. If you need losses as part of your overall investment strategy, then absolutely yes, get two😂
@@MrDmacc1 have you done a feasibility study on your idea? Look at a few carriers you are interested in to get an idea what your revenue potential is, then look around on truck paper at potential trucks to get an idea what the cost will be. After you land on a particular truck call progressive to get a quote on what the insurance will cost you. run a cost per mile spreadsheet to see what the return would be based on different annual mileages to see what it would take to make it work. Don’t forget to factor in drivers wages and payroll taxes. What I believe you will find is the numbers will not work. Do you know enough about the industry, or are you planning to simply buy a truck, hire a driver, and put all your faith in the carrier you are leased on with? If it was that easy everyone would be doing it.
Much of it depends on the oil being used. A full synthetic oil still uses base oil molecules in manufacturing but, synthetic is still better than conventional oil due to chemically engineered bonds attached to the base oil molecules. It's also why many get away with changing their oil at much longer intervals. To your specific question, and generally speaking, a filter is used to catch particulate. Not terribly sure how or why a filter bypass would be helpful in extending the life of an engine. Maybe you have a trick or tip to teach an old engineer.
The thing is with new trucks emissions problems are really bad in the beginning. And when it takes them a way to get you fixed you still got that $3500 new truck payment. Nothing with a used truck let’s say you go out and get a $1500 truck payment even if you have to sit that truck for a week you’re not gonna go bankrupt
This is true, most of the bugs have long been patched and just gotta keep it running and fixing the problems that it has until you know every nook and cranny for the fraction of the price. 👍
I FINANCED a 2016 New for 156k or 2142.00 month. 3yrs ago it was worth 75k . It's now worth 109k @ 6yrs old. Studies show maintenance costs double after 4yrs. Dirty oil has alot of soot . Soot and oil turns to cake batter
simplicity is the key to longevity and the newer trucks are anything but simple. you can't beat the single turbo c15 cats, n14s and series 60 detriots. too many sensors and BS in newer trucks. I'd rather pay more in fuel then experience the loss of revenue in downtime and repairs on parts that the older trucks didn't even need, dpf,scr,nox sensors, ect ect ect the list goes on 🤯🤯🤯 yeah I started out with a 16 prostar with the isx that I bought with only 250k and told myself to ride it out for a couple years and move on to something old school that was built to last. that's because i didn't have any money to play with at the begining. do what you have to do to make it
brother, i so admire the professionalism you take on you work, i really do, i failed at trucking a couple times, still love trucking love the machine love to know everything i can about trucking, please do make that video, how to buy what to look for on buying a used truck, you're a truck dirver someone can look up to.
I bought a International LT from a International dealer before the prices shot through the roof. They had a deal if you bought one of their trucks with a Cummins in it they gave you a year full warranty (motor only). I added an extra year OEM warranty on top of that. 5 months later I heard a noise that I didn’t like. A rocker arm broke and also damaged the crankshaft. All it cost me was two weeks waiting for a bay to open up. Total bill was a little more tgan $7500. If you can buy a truck from a reputable dealer get an OEM warranty. If you never use it it’s money we’ll spent. If you buy a expensive used used truck plan on spending an additional $5-10000 working out the issues. Just thought I’d add a little to the conversation.
After years and years both onroad and offroad..winner is year 2000 and before. uptime was ALL THE TIME after you rebuildit...never had problems like today paying shop rates out of this world....Remember your investment must return dollars even during slow freight times with low milage rates
The oil doesnt "go bad". The additives wear down and it becomes less efficient at keeping everything lubricated. Everywhere ive wrenched or driven, it 10 to 15k MAX. The most we ever did was an experiment with royal purple, we did analysis every 10k, the most we ever got was 35k before it had to be changed. That was only 1 truck out of the entire fleet of 60+ trucks. It was deemed unnecessary to spend that much on oil when it ended up costing less to use our rotella and keep the regular intervals. Your buddies 579 also gets better mileage because its not shaped like a brick like what we drive. 😁 And if you want to spend wayyyyyy to much for a used truck, checknout ohio truck sales, high mileage and high prices.
This advice might have made sense 20 years ago. I don't see anyone with post dpf trucks lasting more than 8 or 9 years, tops. Most of them are never overhauled 1 time before they're junked.
Ohhh Boy! I am happy you did this video. You are exactly correct on your numbers, facts and figures. I am an O/O that does the “New Truck” way. In fact I buy a brand new truck every 30/34 months 300,000 miles. It is the most cost effective way to operate for me. I have tried to pass this on to other O/O’s and I am met with overwhelming resistance and being told I am wrong! I’m here to tell you that you are absolutely correct and the best thing to do is keep this idea to yourself as I have learned that most O/Os prefer to struggle. They seem to actually like it. But thank you for posting this. Now I know I am not alone.
Oh man well youre set up! i bet you have real good credit. I am planning on going the same route when i purchase a truck , after the next truck i want to buy.
@@anonymoustrucker1782 Well, Shannan Thomas wants me to put my strategy on a white board. I used a strategy where you finance your first new truck for 5 years. But trade it in at 3 years. Roll the equity into the new truck and put another $10,000 down. Then finance your second new truck for 4 years and trade in in at 3 years. Roll the equity into your 3rd new truck plus another $10,000 down and finance the 3 new truck for 3 years. In 3 years your 3rd truck will be paid off in full. It’s a 9 year plan. Then trade your 3rd truck in at 3 years and the difference between your trade value and your new truck runs about $55,000 to $60,000. I saved up and I have been paying the difference in full and driving off with my new truck paid for. I’m on my 9th new truck in 20 years. The idea is to keep buying a truck every 3 years. You don’t pay off a truck and keep it for the rest of your life.
Difference between new n used is a warranty you get couple years before starts breaking down r maintenance and used one you ant paying 3500-5500 a month get a used n put some money in it you be ok Iam waiting before I do I got 180k cash but I be getting used o know lot to repair them but not everyone does
I actually got into an argument with a guy in his Cascadia. Told me he goes 75k MILES between oil changes. Said anything else is a waste of money. He claimed that’s what Freightliner suggests. I told him “well no duh, who would ever think the manufacturer would wanna do what they can to make themselves more money by creating shorter life spans in their engines”. Then I tried explaining the oil viscosity thing to him and he literally told me that’s nonsense. Said the viscosity never breaks down! 🤣. Said he has 900k on his truck. I told him well think of how many more miles it’d go if you treated your truck right and changed its oil appropriately. Oh, and no. His truck isn’t deleted. So you know that oil ain’t staying clean for 75k miles lol
I’ve got a 22 kw t680 old body x15 Cummins, Cummins manual says 60k miles. I think you guys that run these old trucks forget we run full synthetic which lasts a lot longer. Also it tells you based on mpg/hours/miles If your getting 8+ it says to change at 60k then goes down from there. The lowest I believe it says is 30k and that’s a heavy haul situation
Synthetic or conventional, either one could last a 100,000 miles hell even a mil if you could achieve one thing. Clean oil.. That’s why we change oil is because of soot, wear metals, contaminants in other words.
Contaminants dilute the viscosity. A great investment for your x-15 would be a oil bypass filter system. If you plan to keep it for the long haul, I’d put one on it 👊
@@MakeCentsTrucking absolutely, full synthetic is able to keep its viscosity with higher volumes of dilution. That’s why we’re able to run longer between oil changes. End of the day it’s personal preference, but I do not believe the manufacture is trying to lead us to destroying our engines. They don’t want that reputation.
In one of your early videos, you mentioned the opposite, you said thats Its better to buy a cheap used truck and have enough money for an inflame, and it will be like new, but without a truck payment
Yup, I did. But as with age. You grow wiser. As a early business owner, I had that opinion. Now being in business for years and with a ton of data of expenses paid. I have a diff understanding. Either way. Both are good options, it really boils down to the intangibles of the driver/owner.
@@MakeCentsTrucking Make Cents do you feel its possible to maintain my job as a company driver, while being an investor on another truck hiring a driver? Reason being is my company driving job offers decent pay and benefits, but I want to expand and create an additional income stream, so I've been giving this idea some thought, maybe purchase a truck and lease it onto a carrier and hire a driver or get my own Authority and hire a driver for my truck, that way my company job will supplement my normal living expenses and the 1 truck could possibly create an additional income stream, that I can use to invest to but trailers
How much can someone spending 257k expect to clear in a year? How many hours a week? Weeks a year? Nights away from home? Realistically, are people clearing 150k or more after expenses? Not just when all the stars line up, but on the average?
I think the biggest question is do you have the work for a truck and is it profitable. Answer this question honestly and then you can work out cost per mile to and whether to buy new or used. That's the only thing that really matters. I don't think relying on the spot market is a good business strategy.
MakeCents, I have a question: I recently made a good profit with a ranch I sold a few months back. Question… I have the ability to purchase a new tractor cash out in full. Driver for two years cross country. Would you make the purchase of a new rig and bank the rest O Operator; or would you purchase used for your business? I’m debt free… What would you do if you have a good 12 years left before retirement? Thank you
Buy new, In the long haul it will be a better deal, buy extended warranty. And take into consideration that there are too many trucks out there. Ask yourself if that's the business you want to get into this days.
At some point though don’t you pretty much have everything fixed in the used truck (year or two) and then you’re over there banking the difference for a rainy day, whereas in the new truck you’re payin all the term?
Been trucking for 36 years. Been an Owner Operator for over 30 years. I’ve never bought a new truck and I’m not in the shop as you described. Best of luck to you. By the way, to replace my truck starts at 340k today
Same here, im rarely in the shop. I do most things myself. But most of the new drivers coming into the industry doesn't have the "how to" do it myself drive. Drivers now days pay for shops to put air in.
These manufacturers would fail if they built and recommended maintenance that don’t push for longevity/reliability. Trust your manufacturer, I know it’s hard to believe, but they’ve put a lot of r&d in, talk to the shops that work on these new engines, it’s never the engine that has problems, it’s the after treatment.
Agreed. The after treatment is 100% fail rate. They are the reason a late model engine usually fails at 500-800k miles while the pre-emission engines could easily get 1.5m+ while taken care of.
Hey Sammy some place may give you a good deal on anew but not new truck. Some places may still have some 2020 or 2021 available. They can't make any money if it just sits on the lot. The same thing goes for car dealerships. They need to move their product to make room for the newer inventory. Are you still doing the convention stuff? Stay safe.
Spending a fortune on servicing is only worth it IF you're keeping it for a long time. The mega's have figured out, buy new, spend the minimum they can and keep them traded in for new at low miles.
You get that extra money (W-9 vs Cascadia) back in re-sale when it’s all over and get to drive a better truck….. but the fuel savings may mitigate it though
I don’t like used emissions trucks period. Don’t forget to tell folks to never go out on their own in any truck without at least 20k in a maintenance nest egg! That should about cover any major breakdown and tow bill.
Certified pre owned with remaining factory warranty, dyno and oil sample, check fault code history. And most importanly stay away from those red boat anchors of a motor jk
You're write on a few things Sammy. I build up "incaseyou" money also. Manufacturers want owners and fleets to wear out the motors sooner.. which means more $$ for the shop side of the dealership or owners will just opt to trade in the truck. It sux when you have a breakdown far from home cause then your at the mercy of whomever you find to fix it. It's happened to me a couple times but I think if you drive enough miles, it will happen to everyone eventually. I've never bought new but after hearing those numbers on a purchase or a lease I may look into it six months to a year from now. We should see a shift back to the supply side eventually in the truck market. Once those truck lots and auction houses start filling up it could be a buyers market once again.
Well Sammy New. Kenworth T680. Big hood is nice ride. Or a Freight Cascadia. Nice big. Sleepers. But. But. Like you say, you got the payment. Insurance might go up on new ride. But you keep up on your repairs for Eli Mae. You know what you got. I would not let oil changes go longer then 10k 15k. Miles. Wouldn,t do it. Got to keep up on maintenance. Good Video.
Sammy, I hope this information finds you well. But, if you get a wild hair up your backside and thinking to sell your w900l. I can't warn you loud enough = DO NOT EVER SELL THAT TRUCK. This is the last year w900l and 389 with be in production. Paccar is going to replace the current 389 with a 389x and w900l is bye bye to hood trucks. Because of the epa new emissions standards. Your going to see more 579 a t680. These trucks are what's called arotrucks. Then there's the hybrid truck which is the w990.
New truck is better. Less to no downtime better fuel mileage. Better have the 2500$ payment a month then lose 7k 8k a week of gross that the truck is sitting in the shop and trust me u will save 10k a year just on fuel. I agree not the time to buy but when they are 165k again go for it 100%.
lol no downtime volvos and cummins go to shop alot even under 20k miles and will stay for 2-3 weeks at dealer waiting for a sensor i’d stick with pre 2000 detroit 60 series motor truck under $50k . cheap to maintain. parts everywhere and rarely breakdown
Buy a used truck is good if you can get lucky but the luck runs out in a year or two then you can except injectors new trans new suspension etc it will become a nightmare I’m about to get a new truck now why? Because I started spending monthly truck payments numbers for repairs ...not fun ...rather less headache spend the same money and have a warranty
Can you please explain that the insurance on a 200,000 dollar truck vs a 70,000 truck surely it will be more and thats money I dont see people figuring into this debate 🤔
Man I really do respect what you’ve done but the majority of everything you said I didn’t agree with. I hope we get a chance to meet I’d love to have a debate about when it’s a good idea to buy a new truck and when it’s a good idea to buy an older model truck and the pros and cons of each
Of course there are many variables. But in this video I was just comparing buying new vs a late model. They are all greats ideas. Just have to understand, it’s still gonna cost you in the long. Some less, some more
If you do a google search on what is an average trucker make it would say 50k a year, what it didnt say is how many hours he work, an average trucker work 16hours days, that is double a walmart worker, so a trucker in reality only make 25k a year.
Oil. It’s all in the oil. The reason you can go longer is today’s oil doesn’t break down as quickly. The reason to get an oil change is because your oil breaks down and doesn’t protect your engine. But with today’s oil it last a long time. If you’re still changing your oil and 15,000 miles you just throwing good money away.
No your use truck look at it and have a macanic look it over before you buy if you are not willing to work on it or don't know how then don't buy a old truck
Should never finance any truck over 3 years cause you can't right off more than 3 years need to have at least 15 thousand dollars in the bank after finance to cover down time for a new truck
I don't know why anyone would buy a truck today u can get a job making 100000 plus being a company driver plus health insurance and pension of course u won't have a giant chrome shifter and u won't have strait pipes but I guarantee u will be better off also don't buy Bitcoin it's a bad investment
Freedom I was a company driver and stayed out 3 months straight into Christmas and told them I was taking off 10 days for Christmas and New Years they said no only 7 max and come back on New Years Eve I didn’t argue I just took the truck to the yard after being there 5 years Job 2 I was home every weekend for awhile it was great then one day a weekend then one day during the week it was nuts if you don’t live in a major city for day-cab jobs your screwed
@@SamC992 u must have worked for a shit company I work for a private carrier I work Monday thru Friday I'm out 2 night a week they put me in a holiday inn the nights I'm out and pay my meals my father in-law was an owner operator like Sammy I consistently made more money than he did after all his expenses luckily he was a veteran he died 2 years ago in the va he died broke with no retirement I would show him my paycheck he would just shake his head in disbelief that at the end of the week I made more money then him I had much respect for the man but everytime he got ahead he bought a bigger truck or spent a fortune on repairs
hahahahaha cost twice as much.........twice the milage cost.. most should only buy new on advice from their cpa and by the way we pay cash for used eq. rebuild it major componets an to the road it goes..spiting and filling my checkbook. 1 of my best returns was 7500 with over 300k and no breakdowns
I have not bought a truck but when I do I will buy one without emissions.... That one word has destroyed reliability in my opinion. Keep the greasy side down!
If you dont mind how can i contact you? do you have an email addy that i can ask some questions about dat authority packages. Kinda want to get your perspective vs the ones trying to sell it to me please
Bro ,this is the BEST “buying a new truck vs old truck” video. Very informal and detailed.
I have a 07 freigtshaker and had it since 09 with 460k miles . Now it’s 1.4 million miles on her. I Can’t complain,I’m very satisfied .
Still running 38 of the 50 Pete 359's my Dad bought new in 1986. Powered by Cat 3406B and Spicer 6x4 Transmissions. Rebuilt a few times yes. But Maintained to Pristine Condition. Most all with over 5 Million miles. Still have to turn down drivers wanting to Drive for me. You take care of them, they will last a long time.
I found a 2002 Pete 379 with a Cat 6NZ with 1.9 million on truck. No records of and overhauls but the price is ok for 49,000$. Do you think this is a good buy? Even if I throw a crate cat in it I’m still sitting pretty good provided all the other stuff is ok?
@@Lost_AtSea_ The motor is the easy part, There is way more things that can break you besides the motor. Take a look at wiring harnesses, replacing them is very expensive, complete a/c systems, driveline components, the list goes on. With that many miles, you should expect to continually spend a considerable amount to keep it on the road.
@@nunyabidness7204 wouldn’t mind at all rebuilding a 379 from the ground up!!! Still would be better than overpaying for an emissions truck that will nickel and dime you to death
@@Lost_AtSea_ It’s definitely doable if you have really deep pockets. You can easily spend what a new one would cost on a total rebuild. Good luck if you give it a shot😉
@@Lost_AtSea_ I’d be very interested to know what you think about it after you get into that project. Have you ever bought a new one so you have personal experience about it nickel and diming you to death? I’ve done it both ways and can tell you without a doubt and have the numbers to back it up that new with warranty is the only way to go, in my opinion. The thing about rebuilding an older truck is if you are gonna do it you will need two trucks, one to run while the other is getting rebuilt, unless you can afford to buy the rebuilder and fund the rebuild before you start marking money with it. Good luck, I hope it works out for you👍
A lot of places won’t even sell a new truck to OO’s rn… they are saving them for fleet purchases.
I just finalized on a nice 2019 t680 w 322k miles, Cummins X15 and a Tripack for 90k
That’s the best I could find the past 3 weeks 🤙🏻
Sammy, you are absolutely right. I’ve done it both ways, and the spreadsheet doesn’t lie. I had a very nice 2007 Pete with a Cat, bought it with 725,000 miles, and sold it with about 800,00 miles on it. I loved the truck, but spent money every month keeping it nice. I rolled all the equity into the 2023, and only have a $1,700 payment on the 389 with a 5 yr 500,00 mile warranty on the motor, and 3 yr 300,00 on everything else. While I like the Cat powered equipment, I like the new, w/ warranty much better. Great video👍 Listen to him people, he’s right on the money with this one. 😉
This is my plan almost minus financing. Going to take the ladder up till I can afford to get a new one with cash plus trade. Just prefer to have stuff paid off like Dave Ramsey.
Im a company driver in a 2021 Pete 567 with a Paccar bought off the showroom floor. Constantly in the shop.
Awesome video driver. I plan on dropping 100k on a custom spec'd W9 in a few years. Haven't decided if I'll pull reefer or flatbed yet though. Your information is greatly appreciated sir.
The new trucks that are $250,000 these days that we’re just like 160 a couple years ago there’s no fucking way I would buy a new truck
You're speaking nothing but facts. I bought mine brand new in 2020 (Volvo VNL 860 globetrotter), put 14k down and my payments are 2750 a month (not bad in comparison to the numbers you mentioned) and total cost is 179,000. I've got 270,000 miles on it and it's only been in the shop for 1 issue really besides small things and nothing big. I do my oil changes around 20/25k but I think I may start doing just under 20k at this point.
Hey driver and good looking out for all the information and research that you've done I am a big W-9 fan and hopefully one day I'll be able to get one thank you so much for looking out for the truck drivers of America.
Appreciate it driver. I use to have that same Dream. If i can do it, anyone can :) Just keep making good choices and keep working towards your Dream!!
@@MakeCentsTrucking Do you feel its worth it, If I become an investor, buying a truck leasing it onto a carrier and hiring a driver. I'm in Cali
@@MrDmacc1 Not a chance.. In todays market that would be like buying a stock that tanks. If you need losses as part of your overall investment strategy, then absolutely yes, get two😂
@@nunyabidness7204 why do you say not in this market
@@MrDmacc1 have you done a feasibility study on your idea? Look at a few carriers you are interested in to get an idea what your revenue potential is, then look around on truck paper at potential trucks to get an idea what the cost will be. After you land on a particular truck call progressive to get a quote on what the insurance will cost you. run a cost per mile spreadsheet to see what the return would be based on different annual mileages to see what it would take to make it work. Don’t forget to factor in drivers wages and payroll taxes. What I believe you will find is the numbers will not work. Do you know enough about the industry, or are you planning to simply buy a truck, hire a driver, and put all your faith in the carrier you are leased on with? If it was that easy everyone would be doing it.
oil has detergents which keep the engine clean. When the detergents break down, the engine gets dirty.
Please explain how those with a filter bypass system gets hundreds of thousands of miles with same oil?
Much of it depends on the oil being used. A full synthetic oil still uses base oil molecules in manufacturing but, synthetic is still better than conventional oil due to chemically engineered bonds attached to the base oil molecules. It's also why many get away with changing their oil at much longer intervals.
To your specific question, and generally speaking, a filter is used to catch particulate. Not terribly sure how or why a filter bypass would be helpful in extending the life of an engine. Maybe you have a trick or tip to teach an old engineer.
awesome content and great points to consider when buying a new or used truck. Thanks
The thing is with new trucks emissions problems are really bad in the beginning. And when it takes them a way to get you fixed you still got that $3500 new truck payment. Nothing with a used truck let’s say you go out and get a $1500 truck payment even if you have to sit that truck for a week you’re not gonna go bankrupt
This is true, most of the bugs have long been patched and just gotta keep it running and fixing the problems that it has until you know every nook and cranny for the fraction of the price. 👍
I FINANCED a 2016 New for 156k or 2142.00 month. 3yrs ago it was worth 75k . It's now worth 109k @ 6yrs old. Studies show maintenance costs double after 4yrs. Dirty oil has alot of soot . Soot and oil turns to cake batter
Yeah that's it, soot. my mind went blank lol Yeah thats insane with prices
simplicity is the key to longevity and the newer trucks are anything but simple. you can't beat the single turbo c15 cats, n14s and series 60 detriots. too many sensors and BS in newer trucks. I'd rather pay more in fuel then experience the loss of revenue in downtime and repairs on parts that the older trucks didn't even need, dpf,scr,nox sensors, ect ect ect the list goes on 🤯🤯🤯
yeah I started out with a 16 prostar with the isx that I bought with only 250k and told myself to ride it out for a couple years and move on to something old school that was built to last. that's because i didn't have any money to play with at the begining. do what you have to do to make it
brother, i so admire the professionalism you take on you work,
i really do, i failed at trucking a couple times, still love trucking love the machine love to know everything i can about trucking,
please do make that video, how to buy what to look for on buying a used truck,
you're a truck dirver someone can look up to.
Haggai only do major repairs. No general maintenance. I learned that the hard way.
I bought a International LT from a International dealer before the prices shot through the roof. They had a deal if you bought one of their trucks with a Cummins in it they gave you a year full warranty (motor only). I added an extra year OEM warranty on top of that. 5 months later I heard a noise that I didn’t like. A rocker arm broke and also damaged the crankshaft. All it cost me was two weeks waiting for a bay to open up. Total bill was a little more tgan $7500. If you can buy a truck from a reputable dealer get an OEM warranty. If you never use it it’s money we’ll spent. If you buy a expensive used used truck plan on spending an additional $5-10000 working out the issues. Just thought I’d add a little to the conversation.
After years and years both onroad and offroad..winner is year 2000 and before. uptime was ALL THE TIME after you rebuildit...never had problems like today paying shop rates out of this world....Remember your investment must return dollars even during slow freight times with low milage rates
🙌🙌🙌
The oil doesnt "go bad". The additives wear down and it becomes less efficient at keeping everything lubricated. Everywhere ive wrenched or driven, it 10 to 15k MAX. The most we ever did was an experiment with royal purple, we did analysis every 10k, the most we ever got was 35k before it had to be changed. That was only 1 truck out of the entire fleet of 60+ trucks. It was deemed unnecessary to spend that much on oil when it ended up costing less to use our rotella and keep the regular intervals.
Your buddies 579 also gets better mileage because its not shaped like a brick like what we drive. 😁
And if you want to spend wayyyyyy to much for a used truck, checknout ohio truck sales, high mileage and high prices.
This advice might have made sense 20 years ago. I don't see anyone with post dpf trucks lasting more than 8 or 9 years, tops. Most of them are never overhauled 1 time before they're junked.
Ohhh Boy! I am happy you did this video. You are exactly correct on your numbers, facts and figures.
I am an O/O that does the “New Truck” way. In fact I buy a brand new truck every 30/34 months 300,000 miles. It is the most cost effective way to operate for me. I have tried to pass this on to other O/O’s and I am met with overwhelming resistance and being told I am wrong!
I’m here to tell you that you are absolutely correct and the best thing to do is keep this idea to yourself as I have learned that most O/Os prefer to struggle. They seem to actually like it.
But thank you for posting this. Now I know I am not alone.
Are you a 1 truck operation or have multiple?
@@anonymoustrucker1782 I am a 1 truck O/O
Oh man well youre set up! i bet you have real good credit. I am planning on going the same route when i purchase a truck , after the next truck i want to buy.
@@anonymoustrucker1782 Well, Shannan Thomas wants me to put my strategy on a white board. I used a strategy where you finance your first new truck for 5 years. But trade it in at 3 years. Roll the equity into the new truck and put another $10,000 down. Then finance your second new truck for 4 years and trade in in at 3 years. Roll the equity into your 3rd new truck plus another $10,000 down and finance the 3 new truck for 3 years. In 3 years your 3rd truck will be paid off in full. It’s a 9 year plan.
Then trade your 3rd truck in at 3 years and the difference between your trade value and your new truck runs about $55,000 to $60,000. I saved up and I have been paying the difference in full and driving off with my new truck paid for. I’m on my 9th new truck in 20 years. The idea is to keep buying a truck every 3 years. You don’t pay off a truck and keep it for the rest of your life.
@@chickenhawk8996 what track are you recommending? How much is your payment?
Difference between new n used is a warranty you get couple years before starts breaking down r maintenance and used one you ant paying 3500-5500 a month get a used n put some money in it you be ok Iam waiting before I do I got 180k cash but I be getting used o know lot to repair them but not everyone does
I agree it’s about the same cost especially once you start repairs
If you decide to park for a month $1100 is easier to swing than $2300. No maintenance required.
I actually got into an argument with a guy in his Cascadia. Told me he goes 75k MILES between oil changes. Said anything else is a waste of money. He claimed that’s what Freightliner suggests. I told him “well no duh, who would ever think the manufacturer would wanna do what they can to make themselves more money by creating shorter life spans in their engines”. Then I tried explaining the oil viscosity thing to him and he literally told me that’s nonsense. Said the viscosity never breaks down! 🤣. Said he has 900k on his truck. I told him well think of how many more miles it’d go if you treated your truck right and changed its oil appropriately.
Oh, and no. His truck isn’t deleted. So you know that oil ain’t staying clean for 75k miles lol
My eyes 👀 is on a frieghtliner classic XL. 60 Series. 12.7 or better 14.0 prefer 13 speed. Im waiting 4 the dummy prices 2 go down
I’ve got a 22 kw t680 old body x15 Cummins, Cummins manual says 60k miles. I think you guys that run these old trucks forget we run full synthetic which lasts a lot longer. Also it tells you based on mpg/hours/miles
If your getting 8+ it says to change at 60k then goes down from there. The lowest I believe it says is 30k and that’s a heavy haul situation
Synthetic or conventional, either one could last a 100,000 miles hell even a mil if you could achieve one thing. Clean oil.. That’s why we change oil is because of soot, wear metals, contaminants in other words.
Contaminants dilute the viscosity. A great investment for your x-15 would be a oil bypass filter system. If you plan to keep it for the long haul, I’d put one on it 👊
@@MakeCentsTrucking absolutely, full synthetic is able to keep its viscosity with higher volumes of dilution. That’s why we’re able to run longer between oil changes. End of the day it’s personal preference, but I do not believe the manufacture is trying to lead us to destroying our engines. They don’t want that reputation.
In one of your early videos, you mentioned the opposite, you said thats Its better to buy a cheap used truck and have enough money for an inflame, and it will be like new, but without a truck payment
Yup, I did. But as with age. You grow wiser. As a early business owner, I had that opinion. Now being in business for years and with a ton of data of expenses paid. I have a diff understanding.
Either way. Both are good options, it really boils down to the intangibles of the driver/owner.
@@MakeCentsTrucking Make Cents do you feel its possible to maintain my job as a company driver, while being an investor on another truck hiring a driver? Reason being is my company driving job offers decent pay and benefits, but I want to expand and create an additional income stream, so I've been giving this idea some thought, maybe purchase a truck and lease it onto a carrier and hire a driver or get my own Authority and hire a driver for my truck, that way my company job will supplement my normal living expenses and the 1 truck could possibly create an additional income stream, that I can use to invest to but trailers
2021 Pete 579 212000 miles 130,000$ brand new 160,000$ I was looking last night out of curiosity
Dope video👏🏽🤝🏽
Great informational video
How much can someone spending 257k expect to clear in a year? How many hours a week? Weeks a year? Nights away from home? Realistically, are people clearing 150k or more after expenses? Not just when all the stars line up, but on the average?
People get that Fear of loss and jump in head first! You can net over your $150k a year but you'll stay busy :)
@@MakeCentsTrucking on the lease that ypu spoke of, can a person lease 6 months outa the year?
I think the biggest question is do you have the work for a truck and is it profitable. Answer this question honestly and then you can work out cost per mile to and whether to buy new or used. That's the only thing that really matters. I don't think relying on the spot market is a good business strategy.
If you have loyal Customers:
(1) Lease
(2) Buy new Assembled/Glider Truck with 90's Reman Motor
(3) Restore Something pre 2008
MakeCents, I have a question: I recently made a good profit with a ranch I sold a few months back. Question… I have the ability to purchase a new tractor cash out in full. Driver for two years cross country. Would you make the purchase of a new rig and bank the rest O Operator; or would you purchase used for your business? I’m debt free… What would you do if you have a good 12 years left before retirement? Thank you
Buy new, In the long haul it will be a better deal, buy extended warranty. And take into consideration that there are too many trucks out there. Ask yourself if that's the business you want to get into this days.
At some point though don’t you pretty much have everything fixed in the used truck (year or two) and then you’re over there banking the difference for a rainy day, whereas in the new truck you’re payin all the term?
Always remember you get what you pay for
I’d go directly to freight liner
Wouldn’t even go to a dealership
Been trucking for 36 years. Been an Owner Operator for over 30 years. I’ve never bought a new truck and I’m not in the shop as you described. Best of luck to you.
By the way, to replace my truck starts at 340k today
Same here, im rarely in the shop. I do most things myself. But most of the new drivers coming into the industry doesn't have the "how to" do it myself drive. Drivers now days pay for shops to put air in.
🤔 GOOD ?
Keep making good videos
Leasing is an option too
Keep listening brother. i Get to that one too :)
These manufacturers would fail if they built and recommended maintenance that don’t push for longevity/reliability. Trust your manufacturer, I know it’s hard to believe, but they’ve put a lot of r&d in, talk to the shops that work on these new engines, it’s never the engine that has problems, it’s the after treatment.
Agreed. The after treatment is 100% fail rate. They are the reason a late model engine usually fails at 500-800k miles while the pre-emission engines could easily get 1.5m+ while taken care of.
I want a needlenose 351 peterbilt or a truck like yours a w900....I love your truck
If you read it carefully it's up to 50k if you baby the damn thing but you're right it's like 25k max imo.
Hey Sammy some place may give you a good deal on anew but not new truck. Some places may still have some 2020 or 2021 available. They can't make any money if it just sits on the lot. The same thing goes for car dealerships. They need to move their product to make room for the newer inventory.
Are you still doing the convention stuff?
Stay safe.
Spending a fortune on servicing is only worth it IF you're keeping it for a long time. The mega's have figured out, buy new, spend the minimum they can and keep them traded in for new at low miles.
You get that extra money (W-9 vs Cascadia) back in re-sale when it’s all over and get to drive a better truck….. but the fuel savings may mitigate it though
That extra money is spent on fuel getting almost 2 twice the fuel mileage equals a lot of revenue
You said 15k miles for oil change. I’m assuming you use synthetic?
No.
5k a month is what i was paying monthly leasing from prime
I don’t like used emissions trucks period. Don’t forget to tell folks to never go out on their own in any truck without at least 20k in a maintenance nest egg! That should about cover any major breakdown and tow bill.
Certified pre owned with remaining factory warranty, dyno and oil sample, check fault code history. And most importanly stay away from those red boat anchors of a motor jk
You're write on a few things Sammy. I build up "incaseyou" money also. Manufacturers want owners and fleets to wear out the motors sooner.. which means more $$ for the shop side of the dealership or owners will just opt to trade in the truck. It sux when you have a breakdown far from home cause then your at the mercy of whomever you find to fix it. It's happened to me a couple times but I think if you drive enough miles, it will happen to everyone eventually. I've never bought new but after hearing those numbers on a purchase or a lease I may look into it six months to a year from now. We should see a shift back to the supply side eventually in the truck market. Once those truck lots and auction houses start filling up it could be a buyers market once again.
do you think its a buyers market now?
@@elperrocovero It's looking that way. I'm gonna drive my 2017 for a few more months but I'll probably be buying a '21 or '22 in the springtime.
Well Sammy
New. Kenworth T680. Big hood is nice ride. Or a Freight Cascadia. Nice big. Sleepers. But. But. Like you say, you got the payment. Insurance might go up on new ride. But you keep up on your repairs for Eli Mae. You know what you got. I would not let oil changes go longer then 10k 15k. Miles. Wouldn,t do it. Got to keep up on maintenance. Good Video.
Manufacturers recommends 50k on oil change for cascadia mega carriers go 60k and some 75k the big orange
Sammy, I hope this information finds you well. But, if you get a wild hair up your backside and thinking to sell your w900l. I can't warn you loud enough = DO NOT EVER SELL THAT TRUCK. This is the last year w900l and 389 with be in production. Paccar is going to replace the current 389 with a 389x and w900l is bye bye to hood trucks. Because of the epa new emissions standards. Your going to see more 579 a t680. These trucks are what's called arotrucks. Then there's the hybrid truck which is the w990.
Buying a truck in 2022… simple, wait til 2023. Everything is going to go on sale.
New truck is better. Less to no downtime better fuel mileage. Better have the 2500$ payment a month then lose 7k 8k a week of gross that the truck is sitting in the shop and trust me u will save 10k a year just on fuel. I agree not the time to buy but when they are 165k again go for it 100%.
lol no downtime
volvos and cummins go to shop alot even under 20k miles and will stay for 2-3 weeks at dealer waiting for a sensor
i’d stick with pre 2000 detroit 60 series motor truck under $50k . cheap to maintain. parts everywhere and rarely breakdown
Buy a used truck is good if you can get lucky but the luck runs out in a year or two then you can except injectors new trans new suspension etc it will become a nightmare I’m about to get a new truck now why? Because I started spending monthly truck payments numbers for repairs ...not fun ...rather less headache spend the same money and have a warranty
Can you please explain that the insurance on a 200,000 dollar truck vs a 70,000 truck surely it will be more and thats money I dont see people figuring into this debate 🤔
Man I really do respect what you’ve done but the majority of everything you said I didn’t agree with. I hope we get a chance to meet I’d love to have a debate about when it’s a good idea to buy a new truck and when it’s a good idea to buy an older model truck and the pros and cons of each
Of course there are many variables. But in this video I was just comparing buying new vs a late model. They are all greats ideas. Just have to understand, it’s still gonna cost you in the long. Some less, some more
4-5 years before any expense? If you’re getting 4-5 years on your tires and brakes you’re not running very far.
If I hit that billion dollar lotto I would put a down payment on a brand new Volvo. Might even put Michelin tires.
Where your buddy got his lease truck from?
I think he may have gotten his new lease from Ryder.
PacLease
Ya a quarter million dollars to buy a horrible job? Pass.
Yeah but they’ll make more in a day than you will getting paid every two weeks at your Barney Fife job
@@jjjthomasson8902 Gross pay, definitely. Net pay? Maybe not when you consider hours invested.
@@jjjthomasson8902 you mean uncle sam will make. Forgot but him. Ain't no trucking done lest he gets his half
If you do a google search on what is an average trucker make it would say 50k a year, what it didnt say is how many hours he work, an average trucker work 16hours days, that is double a walmart worker, so a trucker in reality only make 25k a year.
@@dangda-ww7de maybe for company drivers. Im a company driver and even my lowest year in the past 5 was 70k take home.
Great content
Oil. It’s all in the oil. The reason you can go longer is today’s oil doesn’t break down as quickly. The reason to get an oil change is because your oil breaks down and doesn’t protect your engine. But with today’s oil it last a long time. If you’re still changing your oil and 15,000 miles you just throwing good money away.
My guy said it's 50k only if you use synthetic I do my Cascadia at 30k
Hey Sammy. Where’d you purchase your truck? If you don’t mind answering.
Truck werk I think is what he said in this video.
I think it was Truck Worx.
I wouldnt lease a new truck , i would finance it , that way i could sell it when im doing bad in business or just want to get rid of it
I am trying to buy a 2014 w900L 600 thousand mile for $98,0000 first time buyer what are think ?I don’t know yet my payment a month
How new you better be talking about 2018-2021... Because anything less need an overhaul...
I’d go 2019 and newer.
Keep that new truck
So your friend is going to pay 122k over 3 years and give it back. With a ton of extra charges.
Biggest thing, is have to delete that stupid DPF system if it has one
Hey Y’all 💖💖💖
Hey Poptart! Thats a awesome handle!!
Hey what’s up bro how are you
No your use truck look at it and have a macanic look it over before you buy if you are not willing to work on it or don't know how then don't buy a old truck
Should never finance any truck over 3 years cause you can't right off more than 3 years need to have at least 15 thousand dollars in the bank after finance to cover down time for a new truck
I don't know why anyone would buy a truck today u can get a job making 100000 plus being a company driver plus health insurance and pension of course u won't have a giant chrome shifter and u won't have strait pipes but I guarantee u will be better off also don't buy Bitcoin it's a bad investment
Hahha ain’t that the truth .
Freedom I was a company driver and stayed out 3 months straight into Christmas and told them I was taking off 10 days for Christmas and New Years they said no only 7 max and come back on New Years Eve I didn’t argue I just took the truck to the yard after being there 5 years
Job 2 I was home every weekend for awhile it was great then one day a weekend then one day during the week it was nuts if you don’t live in a major city for day-cab jobs your screwed
@@SamC992 u must have worked for a shit company I work for a private carrier I work Monday thru Friday I'm out 2 night a week they put me in a holiday inn the nights I'm out and pay my meals my father in-law was an owner operator like Sammy I consistently made more money than he did after all his expenses luckily he was a veteran he died 2 years ago in the va he died broke with no retirement I would show him my paycheck he would just shake his head in disbelief that at the end of the week I made more money then him I had much respect for the man but everytime he got ahead he bought a bigger truck or spent a fortune on repairs
hahahahaha cost twice as much.........twice the milage cost.. most should only buy new on advice from their cpa and by the way we pay cash for used eq. rebuild it major componets an to the road it goes..spiting and filling my checkbook. 1 of my best returns was 7500 with over 300k and no breakdowns
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Mack lease get 3 trucks price of 1 upfront
Nice!!
I have not bought a truck but when I do I will buy one without emissions.... That one word has destroyed reliability in my opinion. Keep the greasy side down!
Don’t buy right now
If you dont mind how can i contact you? do you have an email addy that i can ask some questions about dat authority packages. Kinda want to get your perspective vs the ones trying to sell it to me please
Great content