How To Buy a Truck!!!
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- Опубліковано 20 січ 2024
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In today’s video I look into and discuss the financial options, when purchasing a truck for your business to maximise profitability and decrease risk as much as possible,
Discussing such subjects as buying out right, leasing, and financing. Talking about the pros and cons.
My goal is for you to take something away from this to help you start your own company with information that I did not have any access to when starting myself.
Selecting the correct truck and financial package, and is one of the first important steps to starting a successful trucking business.
Always, please leave a comment and like this video if you got something from it.
#flatoutflatbroke #businessideas #bigtruck #flatout #scania #truck #trucker #trucking #trucklife #trucks - Авто та транспорт
As usual great video! Always look forward to seeing what your up to and solid advice.
Hi sandy your advice was very sensible. When i started many many years ago i bought ex royal navy artic unit that also came with a trailer. The truck i got was an older bedford but it had a low mileage and had been driven by civilians on a mod navel ship yard in fife . It only had 29000 miles and was 6 years old in great condition i financed it with a 3 year bank loan . In 18 month i had it paid of and at the 3 year of having it sold it for nearly what i bought it for and bought another ex military truck . Now i own a scania 450 a scania r500 and my new truck is a 11 month scania 770s i do European work with all 3 to Europe delivering fresh salmon from scotland . Your advice was spot on get the right truck low milage good on fuel and in time you can add and . Build your truck as and when you can aford it seen to many going for the flashy trucks and v8 and as you say they either high mileage or fancy bits . They then get in trouble because they had to have it now . Enjoyable video sandy thanks
Mate this comment is so appropriate thanks for your approval and showing peoples your way worked and good on you on the 770
Hi sandy thank you for the advice, I want my own truck 1 day
The worst thing about this job is your first truck will always be your best truck
I love my truck honestly it’s been the back none of this business
Really enjoying the entering in to the trucking business sandy keep up the good work
A lot of good advice there for anyone mad enough to want to get into haulage on their own account. With youre attitude towards flash versus cash, you would be unlucky to get into serious financial bother.
I started in 1978, when i was 24. I bought a 1970 Commer tipper for cash (£360) from an estate which had gone bankrupt. I ran it for 5 years and sold it for £300. With a start like that it would be hard to go wrong. 46 years later, I'm still at it. Ive never ever had finance, and only ever bought what i could write a cheque for. Ive never had a new lorry, and ive had a good few old knockers, but ive made a very good living over the years.
I know I'm taking youre example to the extreme, but i think its a very good example.
Best of luck to you.
Great video. I appreciate the honest account of the thought process you went through to get wherecyou are. Very inspirational 👏🏻
I appreciate that!
Ayy up sandy very good advice,my mate had a scania v8,and boy it cost him the only thing it would not pass was a fuel station,he also had a Volvo Gob Stopper great truck better fuel economy.
Sandy you've got realistic business mindset walk before you can run you will be successful without a doubt 🤘
thanks sandy this video was very educational for me as i would like to start up a haulage company and i love watching all your videos as they are real unlike most of the v
ideos on the internet are fake
Sandy that was one of your best vids good sound advice
Great informative vid mate. No intentions of buying a truck ( yet ) but great info, thanks.
Great insight into starting your own trucking business. For me, the better idea would be to subcontract to you and let you have the headache of the finances😂😂. Scary thought to start your own company with all the competition going these days. Keep on fighting on, Sandy👍
100% your better doing 3yrs over 5…. Short term pain for long term gain,those 2 extra years you could put another truck on the road with the money you are used to paying out therefore doubling your income.
Be patient and just run them with either none or limited livery until your in a position to pay for all the extra bits that shine
Another great video giving brilliant advice definitely picking up lots of good advice on what to do and what to avoid doing
Lights, pipes and durabrights are great but they don't make the truck work any harder.
Crunching the numbers is one the biggest and most important parts of starting any business this is the part I'm filling note books with right now trying to find the right approach for myself.
Great advice Sandy as usual, only advice. Can you do a video on how to get work, how much to charge per mile or per load or however its done. I've recently retired but always wondered how it was done. Cheers.
Ok will do
Brilliant video suggestion, im in ireland driving artic tipper and have been looking at going self employed, id love to know how to find and price work, thanks for all the videos, best trucker channel by a mile!@Sandy-Flat-Out-Flat-Broke
Well said applies to all businesses
Really informative video thankyou for sharing. Great channel pal
Glad you enjoyed it
@@Sandy-Flat-Out-Flat-Broke I did mate I'm making my way thru them all at mo, really want my own lorry always have done, your a clever man got a good business head on ya, wish u continued success pal.
It's a tough call on monthly outgoings when you've not got trading history to go on. You did the best you could with the information you had at the time.
Keep on trucking ...
Very helpful information clip.
I'm too late on in life now.....
20yrs ago id go down similar route to you.
I'd more go for look and workable with reliability.
Who I'm driving for now, buys the cheapest shit and does no pms on them.....then complains when there off road due to lack of maintenance.
Well I do hope you keep up with it and get the work in.
Hi sandy matey 👍 it's mark from Wirral Merseyside 👍 i totally agree with you in your UA-cam video it's best to buy truck out right on three or five years finance and pay it off monthly and then add the chrome wheels exhaust stacks etc etc etc specially if it's your first truck and the right truck for the jobs that you are going to do with that truck. Because your first truck has got to be the money maker to pay the truck finances off and keep a roof over your head and food on the table aswell. And it's always best to get truck accessories like chrome wheels chrome exhaust stacks marker lights etc etc etc once the truck payments have come right down. Because that's what i did with my Scania and my very first truck is the bread winner and it's very very special to me and my Scania truck is well and truly paid for it's paid off and it's mine and it doesn't belong to any finance companies at all and it's now got chrome wheels chrome exhaust stacks light bars with spot lights and marker lights side skirts etc etc etc and it's in very good condition and working order and it owes me nothing apart from tyres and service plus truck insurance and road tax. And I'm definitely not selling my truck because it's my very very first Scania truck and I'm keeping it and that's only truck that i own. And the money that I'm making with my very first truck, and can go out and buy brand new trailers like curtain side trailer and flatbed trailer and I'm looking at low loader trailer to carry JCB'S or anything i want. But i definitely agree with you and what you were saying about buying a truck and finances for that first truck. And just run that truck and pay it off then add truck accessories like chrome wheels and chrome exhaust stacks etc etc etc once you have got the truck payments right down to maybe month or two left to pay off the truck, because that's what i did.. and I'm a proud owner of my very first scania truck and it's well and truly paid for. Keep up the great work sandy and keep your UA-cam videos coming out they are great to watch. Thanks from mark from Wirral Merseyside 👍
Great video
Was we on about the sliver then yellow v8 hahahahaha
Great vid mate. I always wanted my own truck but it was more the dream rather than reality. I think there are 2 types of owner drivers-those who want their own truck and those who want their own business
Great saying
Good video mate crack on
scary signing for big money ,in this game,brave man,
intresting vid
Loving the videos and we need more even if it’s the mundane day to day stuff, maybe you can do without the background music when your giving advice, sometimes it’s hard to pick up on what your saying and yes I’m fluent in Jock-a-nese!! 🚛👍🚛👍
Video take a lot to make and hard when Iv got a a business at the same time, but hopefully I can make UA-cam work well enough for us to spend more time on it
The 15plate CF is my bosses truck, the mileage is round about 850,000km, decent enough truck
Mate thanks for the comment honestly was amazed how cheep and shows what options are out there hope your boss was ok with me using it
@Sandy-Flat-Out-Flat-Broke yeah mate he is fine with it, free publicity 😂. It's a decent wee motor and will do someone a turn running about the doors.
When are we getting a tour of the bus
If your leasing you will have to count 52 weeks as they will still charge you if you have the truck if you're using it or not
VAT deferral normally means you pay the finance company the vat back on the 3rd payment. You will have claimed the vat back by then so you’ll have it in the bank.
That’s different compared to a least finance agreement, the VAT is paid on every separate payment
I think I would’ve done finance like you slightly older truck mileage blower, just like you, but over three years not 5😂
Sandy thank you for this video, this is exactly what I'm going through ATM. Could I please ask some more questions?
"O" licence and transport CPC/manager have you your own or are on someone else's? Also 6 weekly checks again do you do them yourself or have you got a workshop that does it for you.
Also (sorry).when you started what sort of payment terms were you on and how did buy fuel, on cards (keyfuels etc) and did you have money in the bank to pay those bills if you were on bit of a long term for payments?
Sorry for the personal-ish questions but as I said I'm looking at doing the exact same thing, looking at like 5-6 year old unit to start but you do make a very good point about going newer and taking on the bigger finance payments to skip "step 1" of a cheaper 500 thou km unit to start off with! Crystal ball is what's needed 😬🫣🥵
I’ll start making more videos about this
@@Sandy-Flat-Out-Flat-Broke thank you for replying, great information
If you didnt hold a managers cpc and wanted to start your own business, would you concidered an outside cpc manager to run the company for a year or two before trying to hold your own cpc. cheers
Yes
التحيه لك ياشاب شاحنا سكانيا شديده السرعه❤
Where has Amy been
Hi Sandy wen are you going get a scania v8
When time is right
Will there be a Next Gen Scania coming 2024? I think you’re ready for one bud.
Hopefully
It makes me want to pull my hair out when i see certain people buying these scania v8 as a first truck then within a month of having it its in and out of scania several times with problems then i no what to do buy some new wheels for it and start planning on twin stacks fancy this and fancy that are these people for real and all this time the truck has done two loads why on earth start out with a v8 you need something much more economical and wait to you settle into things maybe the following year.
Exactly
What horsepower does your truck have
I say some where Around 450 Because his scania is a r450
100% correct on the v8 subject whats worth mentioning is these youtubers going out buying v8s are getting free money off youtube and thats how they can actually afford those rattly old v8s and start to add extras onto them and run them but for a normal person starting out v8s are out the question unless you have the money behind you to begin with which is highly unlikely and why go buy a v8 thats only 80 horses more than the s500 i drive if i were to buy a v8 it would only be the biggest one really cant see the point in getting a baby one just for the badge 😂😂😂😂 get something worth bragging about
Gay music being overplayed is fucking annoying and unnecessary
Don’t watch then or make your own videos