This is an episode, comparing the profitability of a new semi-truck versus a used rig has been a long time coming and is one people have been asking for. I have been super excited about doing this since the early days of Haulin Assets. This was an eye-opening deep dive into profitability for me and to say the least, I am pretty shocked with the results, the difference was bigger than I thought it would be. I have some really good data and hopefully, you feel like it has been well worth the wait.
What To Expect From Episode 119
Everyone’s situation is different so we are not going to answer this question for you. We are going to give you some really good data and analysis to help you make the right decision for yourself. You are going to have to listen to the episode to get all the details. I highly recommend you listen to it while following along with the P&L below, it will help make things easier to understand.
Here are some of the most interesting topics we will be covering.
- The difference in fuel expense. This one really surprised me.
- Interest on loans
- Operating Income vs Net Income
- Depreciation. We take a bit of a deep dive into this one.
We also cover some pros of new trucks and some reasons it might make sense to buy used ones.