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hello bizbros, have been looking for an alternative to cryptos and i found what may be a good opportunity, how do you think?
It is a co-operative company in the transport field, the company has all the licenses to operate in the EU (it is goddamn expensive and difficult to get them all). I can purchase a truck and become an associate of the co-op by giving them this truck, they will then use it giving me 1 euro per km in cash at the end of the month. Up to me is the wage of the driver, the insurances, and the maintenance of the truck
Considering that a used IVECO stralis costs around 20k and that generally a truck does 5/600km per day do you advice me to start purchasing the first truck? Seems too fucking good to be true
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>>2734319
fire up excel
spreadsheet out best case, worst case, base case
fluctuate variables - costs of fuel, maintenence, drivers, calais jungle zombies breaking into your shit, etc
also depreciation on the asset
taxes
and see if its worthwhile
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>>2734319
Forget this shit. I not have to calculate, with 1 Euro per km you not make any money !
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>>2734344
k will try and prolly keep this topic updated
it seems to me that there will be left around 2k per month that will go straight into my pocket
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>>2734319
if you employ bosnian drivers then maybe but be aware you're running up against slim margin market overwhelmed by cheaper-than-dirt romanian transport companies, for instance
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>>2734420
>bosnian drivers
How to turn an asset into liability hahahahaha
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>>2734319
Iveco has a poor reputation when it comes to reliability. This will increase maintenance costs.
When going for an old truck I'd suggest Scania. I've been a mechanic and worked with those beasts in the past. They've always been reliable at my previous job - as far as I remember we haven't had to replace any major parts for most of them during their lifetime.
Anyway, 20k for an old truck still sounds too good to be true. 30-40k sounds more realistic.
I can imagine there are old trucks for 20k out there, but do realize there are reasons they're so cheap. Especially Iveco.
I might get my hands on average maintenance costs of these trucks. If so, I'll post them here.
There are still some more things to think about:
- What if they crash your truck and there is no value left except the scrap value? Insurances never pay you out fully.
- What if they don't use your truck? Sounds great to me to have someone paying the wages without me having to pay them.
- What if the company uses this truck for distribution and it'll stay right at the spot with the engine on?
This is just a handful of things I'm mentioning. So many more things are able to go wrong.
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>>2734520
k will keep everything into consideration
Scania are way more expensive than that but yeah it might pay off later.
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