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Banks's Comment
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Bio says 8 months experience with a Mack Pinnacle and then went to UPS.

I call BS on all of this.

PackRat's Comment
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What is your end goal? Why buy a truck of your own now? What will this accomplish for yourself?

Stevo Reno's Comment
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Yeah definitely now is NOT the time to buy OR Lease lol 3 days so what get a loaner and back making dollars....Maybe wait til AFTER the 2024 elections, and see who takes over running the country back into the black or even worse down the rabbit hole to who knows where....Besides after 2+ years experience without any incidents, you can make over $100k a year as a company driver. Highly unlikely in the near future, you will make even half of that "trying" to be an O/O......In the end its YOUR choice, hopefully, you make the RIGHT 1, and not back here saying "Ohhh I shoulda listened to the advice given here" wah wah wah lol

Pacific Pearl's Comment
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Trucking is a boom or bust business - there is never an even match between the number of trucks on the road and the demand for trucks to haul freight. By most accounts a major recession is creeping up by the end of the year. Freight volumes and rates are already falling. They will continue to fall until volumes creep up again (think late 2024) or enough trucks have left the road to leave only enough to meet demand. The folks who paid top dollar for a truck and bought it on credit will be the first to go. You will pay more for a three year old used truck today than it cost when it was NEW three years ago!

Right now you should focus on saving money. As others have pointed out - it's not cheap to drive a truck. Breakdowns cost money. If your truck sits idle because of a breakdown, an accident or a lack of loads you still need to make the truck payment and pay for the insurance. Many have gone broke jumping into truck ownership because they didn't have enough of a financial cushion to weather the storms. How much is enough? About $100,000. That's not for a down payment - that's money you have in the bank AFTER you have bought the truck. One breakdown can easily cost you > $10,000. What if the shop you take it to botches the job and you have to take it to another shop? Same bill. Yeah, you may be able to sue the first shop for not fixing your truck properly but that can take years and cost thousands in legal fees. What if you're in an accident? Even if the other driver was drunk it can take months to get a check from their insurance company, meanwhile your truck isn't legal to drive until it's repaired.

PJ's Comment
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You already know the Mack Anthem is expensive to fix, so is the Pinnacle. I bought a volvo vnl 730 and after 18 months sold it. Parts are expensive and some are hard to come by.

Right now wait, get a loaner and keep working for the company. None of us are sure where things are headed right now. Things will turn around again at some point. This industry is like one perputual roller coaster ride. Always ups and downs.

Chris W.'s Comment
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been a company driver for a little longer than 4 years, not first breakdown, company is paying for the repairs and my layover, not sure why 3 days, got credit, a insurance company that I can use, no workers, ik of a client, got a business license in my earlier steps of planning, and a lawyer. Not yet ready for the big company set up but would that be enough to at least get the truck?

How long have you been a company driver for? Is this your first time with a breakdown? Also, isn't your company paying breakdown pay and or layover pay? Also, why wait three days for a loaner?

Do you have your authority? Do you have credit, cash saved up? Insurance, workers comp? Clients? Business license, license fees, book keeper, accountant and lawyer on retainer? Accounts with road service and maintenance shops? Brokers? Much less who will give you business if you are new? Oh yeah, license plate and registration fees. Assuming you can get it plated?

Just a few questions o/o's have asked me to address before I buy a truck.

Chris W.'s Comment
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Ok I see a lot of people don't think I should so I won't. Thank you guys and gals for your feedback and help making the decision.

Chris W.'s Comment
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your entitled to your opinion. I called it 8 months experience because I was only counting the time I was driving full time. The moment I started trucking I wanted to own my own truck. So after about 8 months of experience full time I went to get a associates degree minoring in finance and business then got my business license. I was still driving like 2-3 loads a month.if you have any more questions feel free to ask. :)

Bio says 8 months experience with a Mack Pinnacle and then went to UPS.

I call BS on all of this.

Banks's Comment
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Ok I see a lot of people don't think I should so I won't. Thank you guys and gals for your feedback and help making the decision.

That's how I make informed business decisions too

Chris W.'s Comment
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feedback is important and I don't trust myself with important decisions so I 100% agree that it is a great way to make decisions.

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Ok I see a lot of people don't think I should so I won't. Thank you guys and gals for your feedback and help making the decision.

double-quotes-end.png

That's how I make informed business decisions too

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Ok I see a lot of people don't think I should so I won't. Thank you guys and gals for your feedback and help making the decision.

double-quotes-end.png

That's how I make informed business decisions too

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