Nice one bro..keep up the awesome work

Great video. You got me thinking. And yes make more videos on this.

That dont seem right I would think u will make more money if u own the truck and not have to pay any money back

@@rahkeenclark2254 By owning the truck, you also have to pay the full price of the truck immediately. That is a huge opportunity cost and leaves you open to a bunch of risk in terms of unexpected repairs/maintenance and continued operating costs. With financing, you put a lot less money down, your asset will make you a lot more money than the monthly payment, and you have money left over to pay for any operating costs. Even without the numbers that I showed in the video, it makes sense logically why financing would get you a higher return based on money invested than just buying outright. It's also why there are no Fortune 500 companies that ONLY use cash to buy their assets even though they could. It's a mix of debt and equity!

_A higher horsepower does not consume more fuel, if you have a high horsepower engine with a gear ratio above a 3.3 then yes you will be consuming more fuel, the lower the gear ratio the better the fuel economy_

You gotta remember that your payments are tax deductible and works in your favor! 100% of business expenses are tax deductible, plus per diem!

@@AK47HEAVYMETAL83thank you.

Trans AM got me good

Hey so glad to hear that! I'm sure you'll do great and I'll be here to help you along the way brother

Glad you found it useful! That means a lot.

Glad you enjoyed it Lillian!

thank you thank you!

Thank you! glad you’re here 🙏🏽

Truly enjoyed the wisdom shared I'm in the stages to get my first semi truck I'm driving for Amazon now I'm just being patient and learning

Appreciate it brother! I’m going to try and find a editor early next year so I can put out more videos more consistently and I’ll be able to focus on growing my trucking business. Win Win haha

i appreciate that my man!

Me too. I'm NOT a trucker but this guy is on the top of his game. It's 'knowledge' I'm interested in and I can learn from this guy. He's a great communicator.

Thank you Ayala glad you enjoyed it!

Yeah of course! I think more specific stuff like that would be better suited in a course but i’ll see if i can try to make a video out of it!

no problem! hope it was useful

Thank you paaji!

Thank you!

thank you veerji!

Thank you Will!

Appreciate it 🤝🏽

will do!

That’s the whole goal with this channel! Give REAL actionable advice and information and hold nothing “secret”

Will do!

Yes sir! You already know

@AJ-cg7zc Honestly speaking, Gill is by far the best info giver I have seen out there. All of the videos I've seen were on point and he breaks it down in layman's terms. Big up's to bro Gill

Appreciate it brother! Social media clout doesn't matter to me, I just want to help everyone get a piece of this trillion dollar industry!

And that's why you're a blessed, my brother!!! When you help 1, God will bless you 10x. I've been in this industry for 11 years now, and people always have a fee $ for their knowledge or they will gas you up. Respect 🙏 to you. Just subscribed to your channel!!!

congratulations brother! excited for you 👌🏽

Oh yeah of course! Many people have a misconception about used equipment being unreliable. I’ve started to transition into buying newer trucks only now since we have the money and because company drivers prefer those vehicles. However, when you’re starting out or just operating as an owner operator, you should definitely consider buying used. Great value for your money!

From my understanding, a guarantor is personally liable for paying off the debt if you default. So say you’re the primary on a loan and you don’t pay your payments, the bank can come after you and any other guarantors personal assets to pay off as much as the debt as they can. There’s no real other “catch” to it. It’s fairly normal in the finance world.

@@Gill22 so a guarantor doesn’t have any ownership in this, he is just liable in case the primary loaner don’t pay. Right?

@@user-qw5bm9tj5m Correct. A guarantor has no ownership whereas a co-signer does!

@@Gill22 thanks man

I’m working on making a course that can get into all the little details. Making an entire KZfaq video on these topics wouldn’t be useful

do u regret it? the company i work for are selling the truck iam driving idk but it's tempting 😩

@JC Torres leasing it yes. Big time.

@@MsDanms but thats whats confusing to me. i work for a small company i mean like 10-15 trucks they jave good equipment and these guys been good so far i worked for them like 5 yrs they selling me a truck 2020 360k miles for $102k comes out to 1800 a week and theyve told me the market its not that good so at least they honest but idk 😩

@JC Torres there are a lot of questions to ask. First is why they are selling that truck. Why to an employee? Is it in good faith or because they want to get rid of ir. Are they going to give you steady work around the year? I think Gill22 has a video about that to. Hope it helps.

Hey, unfortunately we don’t serve Canada right now. Thank you so much for the kind words!

Hey, that’s great news! It’s not possible to follow the cash model and still have a down payment. The cash model implies you’re paying in full. If you want to pay 50% down and finance the rest, that is definitely possible!

Yeah this video is more for when market conditions are stable. The car and truck industry is in a weird place right now but when the dust settles, i would advise using this guide to buy your first truck.

❤️

the main difference between hiring a broker and hiring a dispatcher in the trucking industry is that a broker is an independent third-party who arranges transportation between shippers and carriers, while a dispatcher works for a carrier and is responsible for managing the transportation of the carrier's own goods.

I would like information on that as well. How do find a reputable broker? And if possible can you do a video on how to insure a truck without a lot of experience. Thank you for sharing your knowledge!

Hello man I've got a good recommendation his price is fair.

Over the past month or so i’ve really come to appreciate leasing more and more. I honestly would put it as my number 1 option and financing as number 2. There are SOOO many factors that determine which option is better for each individual but leasing equipment from a CARRIER with a contract to work for them is the worst option!

You need to educate yourself start with that 1st

We do but heading into 2022, the only type of owner operators we’re going to work with is semi truck owner operators.

@@Gill22 Ok. Thanks for your response