Cha Ching, Mack !

jmic

I was having some trucking done today on a job and a brand new Mack comes rolling in. The outfit I use just got it, not a nic on it, the body was a virgin never seen the likes of dirt. The fill I was loading out was real bony, I told the driver he should of had the body lined ( side walls ) with plywood to protect the sides of the body. He said it didn't need it ( special steel ) , well needless to say I was real careful loading it, and weeded out the bigger rocks to take out tomorrow on another truck. I asked the driver what the truck went for and just about fell over ( haven't kept up on truck pricing ) he said $ 145K WOW! This thing is all decked out. At $80 / hr. makes me think we're getting a bargain compared with the cost, plus expenses to run. Makes me glad I'm not into trucks anymore.

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Joe

dayexco

the old "rule of thumb" was....your hourly rate should be approximately 1/10th of 1% of the current replacement cost of the unit on heavy equipment. i have 2 end dumps, plus a belly dump...we use them sparingly when we can't get the others to haul for us. driver @ $20 plus overhead in south dakota = $26.00. fuel will run approx. $20 an hr. geesus, now you gotta buy and maintain the thing. at $80 an hr., it's not in my books anyway

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someday, i'll be as patient as Nick.

tgeb

A friend of mine just bought a new Peterbilt single axle dump. Lots of chrome, aluminum wheels and stuff. I think he said $73K.

We both loaded out on a site we were working together, if traffic had not been backed up I could have blown his doors off with the 95 Volvo I picked up in 2,000 for $18,500.

I'll stick with what's paid for for now!

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Tom

www.gebcon.com

jmic

Makes sense to me.

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Joe

denick

Joe,

Does this mean your not going to spend any of that 1.2 million you made on that lot you sold those people in Greenwich on a new truck?

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Nick

"Every day I remind myself that my inner and outer life are based on the labors of other men, living and dead, and that I must exert myself in order to give in the same measure as I have received and am still receiving" Albert Einstein

jmic

Exactly!

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Joe

jmic

Tom,
Reading your post again, it seems like you got a real good deal on your Volvo.

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Joe

PipeGuy

Hmmmm? So the 1/10 of 1% rule of thumb for $18,500 = $18.50 an hour.
Hey Tom! Can I rent your truck?

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tgeb

Sure, PipeGuy, just watch out for that fuel surcharge I am going to have to hit ya with $$$.



Joe, I did get a great deal on this truck.
It came with:

New 10' Ox dump body and hoist.
N-14 Cummins
I had to put about $200 in it to get through inspection.
It had about 500,000 miles on it when I got it. Pretty high mileage, but
I don't put too many miles on it a year, so if it were to go another 100k it will last me a long time.

I had to make a trip to Kentucky to find a deal like this, but around here I would have paid about $35,000 for the same truck.
Heck, I could probably sell it for that much now!

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Tom

www.gebcon.com

dayexco

keyword being "current replacement cost".....in other words, for that single axle, $73 per hr.

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someday, i'll be as patient as Nick.

jmic

Tom,
Had anything been done to the motor when you bought it? Or is their 500k miles on the original motor? Was it an over the road fleet truck? How was the over all condition? I wouldn't mind picking something like that up, but the mileage worries me alittle.

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Joe

jazak

To me $145K for a new tandem is worth it since I can have a truck when ever I need and can use it to haul an ex, loader, skid , backhoe, ext. Plus you don't have to wait for the trucking company to tell you when they can or can't come. $145k for a new tandem will make its money back real quick. Just think around here its $100 per hour. $100 x 8hr.s x 5days =$4000 a week thats like $16,000 a month.

tgeb

I know what you mean Joe.
I had the same worries about high mileage.
This was a road tractor and was owned by Preston Trucking, you may have seen them back in the 80s and up to the mid 90s. They ran a fleet in the northeast corridor. Went bank in 1998 or 99 and auctioned everything.

The place I bought this truck had one other with like 675,000 miles on it for about $1,500 less and it was beat up quite a bit. As far as I could tell the engine has had no work other than routine maintenance.

What really sold me on it, was when I checked it out, it did not smoke any from the exhaust, still doesn't, if it were not for the noise you would never know it was running. It burns super clean and has plenty of power.

I don't use the truck every day and no one else drives it but me. Last year I racked up maybe 6 or 7,000 miles, at that rate by the time I put a 100k on it, I might be ready to upgrade to a used 2010 model.

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Tom

www.gebcon.com

Excalibur

Sounds like you found a sweet deal!! Even if you have to spend some money on it, it'll still be cheaper in the long run than a more expensive and shiney truck. Like I have said for years, an older truck makes the same $$$ per mile/hour than a new shiney one. And it will be paid for in a lot shorter time period!!!!

ruskent

If that new 145k truck is taking good care off, won't it last 20-30 years???

You need to have a good business going to buy brand new dump trucks. Alot of the bigger excavators are buying 15-20 year trucks and stripping them down and reconditioning them instead of buying new.

All i know is that if i need material delivered, i call and have it usually within the hour. I never had to wait more than 3hrs.

Matt

jmic

I might add that this contractor probably has 7 or 8 tri-axels and his only business is trucking, so in rotation he was probably due to replace one of the older trucks. IMO making this your livelyhood I don't think I'd want to depend on a truck after 8 - 10 years, unless you're an owner / operator. But having drivers in them really puts them through the mill. Having said that I have a buddy owner / operator, bought a Kenworth Tri-axel in "76" and is still running it today. That I know of he's on his second Body, has had the truck painted 3 times, and gone through a couple of engines, numerous seats and God knows what else. I'm thinking he'll be buried in that truck when he dies. Thats getting your monies worth!

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Joe

rino1494

For the type of work we do, we could never own a new truck. Hauling stumps, boulders and rip-rap. Plus we dip out of the truck alot and we do alot of off-road which is hard on the suspension.

Right now, everyone is about the same at $70/hr for tri-axles.

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