MAJOR ANNOUNCEMENT

Topic 31860 | Page 3

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Chris W.'s Comment
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thanks for advice and also thanks for being respectful when replying. :)

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.

Bruce K.'s Comment
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so, really when would be a better time?

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When you have a business plan.

OMG, THAT IS TOO FUNNY

Banks'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.

My mistake. Earlier you said it was FOMO and your gut. Now it's Internet strangers. Got it lol

G-Town's Comment
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Chris confesses…

I don't trust myself with important decisions.

How then can you effectively run a business? Listen to yourself Chris!

Stick with being a company driver, you’ll avoid bankruptcy court.

Chris W.'s Comment
member avatar

ok thanks for your input:)

Chris confesses…

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I don't trust myself with important decisions.

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How then can you effectively run a business? Listen to yourself Chris!

Stick with being a company driver, you’ll avoid bankruptcy court.

Anne A. (Momma Anne) & To's Comment
member avatar

MY MACK HAS SOME ISSUE WITH ITS ENGINE. My truck was making some weird sounds and I took it to get looked at. They said something is wrong with it's engine and they need to send it back to Mack to fix it. I now have no truck for a bit so I am going to maybe put a down payment on a Mack Pinnacle that I found. I do want to be a truck owner some day and I may take the next step. Maybe put a down payment and start driving a pinnacle. I love my anthem but they are really expensive to buy and I do want to be a owner not just a company driver. If I decide not to go for it I can get a temporary truck in 3 days. So please tell me your thoughts. Should I go for putting a down and get closer to my dream of owning a truck? Or should I just take the loaner in a few days and just wait for the anthem to get fixed?

Howdy, Chris!

Any news on the Anthem? Not a great time to purchase...EVEN A PINNACLE! We love ours, company paid!

0171448001653337374.jpg

You could always look into FAB express, btw! Dunno if they do TN, could look! Guaranteed Mack; might be a tenner,tho!

Checking in... (ps: Trailer is GREEN!)

~ Anne & Tom ~

Chris W.'s Comment
member avatar

so not really any news. My company said that if they don't get it fixed in a few weeks then they agreed to send a new one. If my anthem returns I get it back but if they send a new one I will likely get it. But for now driving a T680 Kenworth. I do still hope to own a truck sometime but understand it's not a good time now so I accepted it.

double-quotes-start.png

MY MACK HAS SOME ISSUE WITH ITS ENGINE. My truck was making some weird sounds and I took it to get looked at. They said something is wrong with it's engine and they need to send it back to Mack to fix it. I now have no truck for a bit so I am going to maybe put a down payment on a Mack Pinnacle that I found. I do want to be a truck owner some day and I may take the next step. Maybe put a down payment and start driving a pinnacle. I love my anthem but they are really expensive to buy and I do want to be a owner not just a company driver. If I decide not to go for it I can get a temporary truck in 3 days. So please tell me your thoughts. Should I go for putting a down and get closer to my dream of owning a truck? Or should I just take the loaner in a few days and just wait for the anthem to get fixed?

double-quotes-end.png

Howdy, Chris!

Any news on the Anthem? Not a great time to purchase...EVEN A PINNACLE! We love ours, company paid!

0171448001653337374.jpg

You could always look into FAB express, btw! Dunno if they do TN, could look! Guaranteed Mack; might be a tenner,tho!

Checking in... (ps: Trailer is GREEN!)

~ Anne & Tom ~

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