My truck is payed off, don't own a dollar, 2019 t680, and i still park it , now I'm driving as a company driver, less things to worry about, until the market gets back.

When I first looked over your numbers, I thought I was leasing on to the wrong company. I only get between 1.24-1.55 a mile. I was thinking, man I’m really getting ripped off. How the hell am I still in business? That was the thought going through my head. But once I saw your breakdown, I realized, my situation isn’t all that bad. I really want to thank you for breaking this stuff down. It is really hard to figure out how compare all these videos on KZfaq regarding revenue because the financial setup from one company to another varies so much. I really find your videos very informative and it helps to keeping me sane because you break things down in a very logical, rational, reproducible manner. So I really want to thank you. I have this saying, life is as simple as “mind over matter.” “If you don’t mind, it doesn’t matter.” I can endure a lot as long as I don’t mind.

My equipment is payed off. I dropped my speed from 70 to 60 to increase fuel mpg to compensate for the drop in load prices.

The best thing I did when I got into trucking in March of 2023 was that I bought my tractor and trailer cash. I promised you if I did not do that I would be hurting right now. Beacuse the cheap paying freights would put me out of business. So I have a little bit of wiggle room compare to other drivers that have payments. Nevertheless, I'm keeping my head up and hoping for the best.

You completely and utterly forgot, one major factor, not having to listen to a boss. As long as you have money coming in and a decent nest egg for major repairs it doesn’t matter if you make $500 after everything if that’s what you need to live and you don’t have a boss breathing down your neck telling you what to do and how many days you have to work and what days you get off it’s 1,000,000 percent worth it. I quit i job making three times as much to be able to work for myself and not deal with a piece of shit boss that has a shit life and takes it out on me.

I own my house and have a rental plus I don’t spend money on the road. Half of my income goes into the savings and checking accounts

My equipment is paid for, and it is parked. I am driving a company truck for a carrier as a company driver. I was simply pissing monies away when everything was considered. Much more economical to work for a carrier as a driver right now.

Does anyone really need to watch the video to know why?😂

We did it by saving a lot of money when the market was high and getting rid of our debt. That way when the market slows it won't hardly show....

Another great video! Thanks!!!

Yea, If Your stuff is paid for and the rates get stupid you can park it and go fishing or do Uber. The borrower is and has always been slave to the lender. Like Dave Ramsey says " don't ever borrow money for business "

Ronen!! You da man!!

Close to 2 bucks a mile just to operate the truck, so 1.85 on top of that is a good Starting point. Just saying.

I agree it is much better to own equipment, but you have to factor in what you paid for the truck/trailer and use that in your numbers because that can reduce your margin in the beginning until you recoup that money because of the high buy in cost, but you would have the peace of mind and more wiggle room than the guys who took loans or lease although they should have more margin(on paper).

Overhead killeth, but cashflow giveth life.

Thanks for sharing Ronen. I would like to see a comparison with an owner op that does dryvan Hazmat/dryvan tanker endorsement vs Dryvan

Leases are a scam wtf is 800 a week for smh that’s ridiculous.. my truck payment is almost that a month

I own my truck and I’m on the verge of going out of business. Damn truck with emission problems constantly putting me in the shop.

The question shouldn't be if OO's that have paid off equipment, are able to survive these rates or what's their breaking point... the question on these oo's minds should be; are you willing to sacrifice so much, being in the road (health, family, hobbies.....) for these crappy rates!! my answer is a big fat NO

A few things, why is Ronen talking about pay per week when the top of the spread sheet says it's for 14 day? Second, none of his calculations include payments to a repair fund or any maintenance. You still have to save up for your turbo or fuel injector going out, a bad sensor needing replaced.... All those things. I can see maybe not putting money into an owner payback fund to pay yourself back for the huge loan you made yourself to buy off the truck and not use a bank but eventually you need to pay yourself back.

Insurance $400? more like $1200

The way i look at it is that it cannot get any worse

Why don't you ever do O/O with their own MC?

What a great video 👏👏

I gross 20k a month DSL 3500 month Insurance 1200 a month 48 states Equipment paid off . Home everyday.. some times I stay out 3 days .. flatbed in tx . But I’ll say I work harder to get that 20k a month..

I love this video.

If someone had a say $120k deposit to put on a truck, what would your opinion be, put that on a new truck, have payments, but have a full warranty and low chance of issues for the next couple of years or buy a $120k truck, no payments but potentially have older truck issues.

How can I contact you? I’m interested in knowing if I could be on your team. I’m in Ellenwood/Atlanta, GA.

Thank you

Wow! I have a truck that's bought-out It has been parked since sept.22 due to AB5 if I don't get a job at $$ an hour soon I'm going to restart my business.

This dude is 😵‍💫😵‍💫😵‍💫😵‍💫😵‍💫

some owners have loyal customers and provide great service and have 0 DEBT.... also you are forgetting CLIENTS ARE KEY if you have bought out equipment and no customers than no good at all

Should a drive semi for 57cents per mile or boxtruck with a sleeper for 50cents per mile

The fuel went up with no explanation lol fuel penalties for taking cheap freight lol

Nice work Thank you How about if Owneroperator have paid off truck and trailer and have his own authority and not paying 12% to no one? How low can he go

they’re ripping that lease driver off 100%

Most drivers are just that , drivers. Many can't make the jump to business person.

Cost to run is more than 2 dollars a mile. PARK IT and wait for those few high paying runs

need to take away the 300 dollar trailer payment from the scenario

"With no repair bills"

💯

💯🎯💯

Still making money

Again, sound issues. not loud enough...

This dude only talks about leased trucks/drivers. Insignificant.

Too many truck . Crooked brokers . High fuel = you must be crazy 🤪 😜

Just my opinion. Most people with bought out equipment are running older equipment. That 2800 per week can get eaten up quickly with fuel and maintenance equipment. I tell people the most important thing is get a newer truck with a warranty. The bulk of repair costs my equipment is usually covered under warranty. The second thing I tell people is keeping your monthly payments to minimum. If you can afford to drop cash on newer truck great. Most can't. This is flaw in these calculations. You have to factor in replacement costs. I want haul at less then 1.90 for these reasons. I want a pile of money built up. Once the warranty is up. That's it for that truck. I sell it. Lots of guys will buy it up and get started. I have helped alot guys get started. After 3 to 5 years with the truck I can alot of cash in and keep the payments low.

probably cant average 2950 a week

I’ve never financed equipment Not in good times Not in Bad times

theres already freight paying 1.75 , ive seen even worst