I agree with jme.
If you do decide to enter the industry, driving for someone else will give you the opportunity to see what actual expenses are.
Keep a record of everything, including fuel, oil, tires, insurance, tags, repairs and anything else you spend.
Keep track of your miles travelled, and what the revenue miles are (those that earn income for the truck).
With this information, you can get a general sense of what the actual costs of owning a truck are.
Put away (in your mind) $.20 for major repairs, which will include the complete drive train at least once during your ownership.
Decide what type of trucking you want to do. OTR, LTL, P&D. Van, tanker, flat deck, special commodities. Each has a different pay schedule, and each has a different return to the driver and owner.
All in all, get as much information as you can before you get involved with owning your own truck.
remember that if you spend time wrenching on your truck, you must record that time as on duty/ not driving, and that will cut into your revenue. Will that be less costly than having someone else do the work for you?
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