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Mar 12, 2010

Used truck market * Canada - Creating opportunities for owner/operators

Used trucks are an appealing option for a new owner/operators

Toronto,ONT,CAN -Truck News, by Harry Rudolfs -8 March 2010: -- Used truck prices have never been lower. If you can find the work, or have your eye on a carrier where you'd like to hang your shingle, this might be the best time to jump into truck ownership... Before you buy, it's imperative to know how much it's going to cost to run, and how hard you're going to have to work to pay for it. That's why it's recommended first-time buyers have a couple years' experience under their belt before taking on owner/operatorship... The most meaningful discussions I had were with owner/operators who had made the successful transition from driver-for-hire to truck owner... Elwood Rines is one such example. His first truck was a 2002 Volvo 770 that he had been driving on behalf of an owner for Highland Transport... These days, he's a broker for Bison Transport and traded up to a 2009 Volvo. But he put 800,000 miles on the original 2002 and logged a lifetime 6.5 miles per gallon. More importantly, he made money on that tractor... Rines advice for new buyers is simple. "Know what you're buying. Thoroughly research the truck and find out everything you can about the truck," he says... (Photo: Used trucks on sale)

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