True cost to own my LCO...

Discussion in 'Starting a Lawn Care Business' started by Willofalltrades, Jan 4, 2007.

  1. Willofalltrades

    Willofalltrades LawnSite Bronze Member
    Posts: 1,000

    I would have bought a 2000 F150 with a V6 last spring. Business has grown, and I have gotten into plowing. A future goal after I get my required amount of clients is to be set up to plow next winter for me and not this other LCO like I am now. I am hurting!!! (not a snow flake since mid Dec., that sucks when you get paid by the hour).
     
  2. Willofalltrades

    Willofalltrades LawnSite Bronze Member
    Posts: 1,000

    I would have bought a 2000 F150 2wd with a V6 last spring. Business has grown, and I have gotten into plowing. A future goal after I get my required amount of clients is to be set up to plow next winter for me and not this other LCO like I am now. I am hurting!!! (not a snow flake since mid Dec., that sucks when you get paid by the hour).
     
  3. Willofalltrades

    Willofalltrades LawnSite Bronze Member
    Posts: 1,000

    Sorry about the double post, the second one has the edition of 2wd by F150.
     
  4. Willofalltrades

    Willofalltrades LawnSite Bronze Member
    Posts: 1,000

    I understand running lean and mean. I've done it for the last 2 years. If I find a truck that will allow me to do this (meaning reliable enough) for a few years I will jump. The new truck is just the safest route I can go.

    The second line is a valid point I did not see. My vision was clouded by the memory of putting a brand new transmission in my previous vehicle and having engine problems 4000 miles after, consistent stalling, and then a body mount breaks, and then the fuel pump sensor shuts off every now and then and you have a panic attack because your truck worn't start, and then your radio gets a short in the speaker line, and then you get a water leak in the cab, and then you take the fender off to look for the leak and you break the 2 bolts holding it in... so on and so on. The truck you guys want me to get isn't worth it for me. If your saying get a $15,000-$17,000 used truck why not spend $4000 more and get a new bare bones work truck with a warranty. Thats, I'm guessing, $80 more a month yet, you got a 60,000 mile warranty (or GM 100,000 mile). That way I don't have other people's crap running up a bill thats more than the truck its self.
    And I have worked for a LCO with chevys from the '80s. They worked, finding one that doesn't have the poo beaten out of it around here? Impossible. You can see me reading a new issue of truck trader, and Big truck trader weekly looking for that special Ford or chevy.

    Also, I don't mean to sound like I'm jumping down people's throats for their every post. This is actually really helping me by opening up a lot of things I haven't taken into consideration. Thanks,
     
  5. Willofalltrades

    Willofalltrades LawnSite Bronze Member
    Posts: 1,000

    This gets harder and harder to do when you don't make one cent for a month.
    This has prompted me to desire a year round billing schedule, maybe not this year, but eventually.
     
  6. tjsquickcuts

    tjsquickcuts LawnSite Senior Member
    from Atlanta
    Posts: 943

    Starting out, a Brand New $30,000 truck would be nice but crazy.....Not to say buying a truck is not a good idea. Like other post have said, a nice looking used truck would be great, just make sure its reliable.....a trailer.....doesnt have to be a 40 footer....a nice 5 or 6 X 10 works perfect for a start up.....How much start up cash is on hand.....its always a great idea to keep up with the total liabilities and equity.....there are so many LCO that dont have any equity because they over spent in the first few years.....Buying New trucks and tons of new equipment when starting up and not seeing a real profit is not a way to go....I say start small, and grow steady, but smart.....Acquire other tools needed as your skills and clientele need grows....If you need to see what buying too much equipment starting out will lead you, go to the equipment for sell section and look at how many people are selling everything because things didnt work out or growth of their area didnt support buying all that nice pretty new stuff.
     
  7. Willofalltrades

    Willofalltrades LawnSite Bronze Member
    Posts: 1,000

    I'm not purchasing till I know I can make the payments. Thats not the issue. Tell me what you think of my numbers, I plan to get 40-50 clients, the loan used to advertise to get them is included in my plan above. Tell me is there any more costs or if you would change my numbers at all?
     
  8. fiveoboy01

    fiveoboy01 LawnSite Silver Member
    Posts: 2,988

    How did you get the 600/mo payment for the F-250? I've got the same truck, reg cab lonbox, 5.4, 4x4, I pay 433/month and I didn't put a penny down. I guess I did get 0% interest but it shouldn't be THAT big a difference...
     
  9. fiveoboy01

    fiveoboy01 LawnSite Silver Member
    Posts: 2,988

    You must not be driving much if you're filling up every 3-4 weeks.

    My truck is identical to yours, and I fill it once a week, driving 320-360 miles per week in the OFFSEASON. And I'm hauling an open trailer which weighs less than your enclosed.
     
  10. Willofalltrades

    Willofalltrades LawnSite Bronze Member
    Posts: 1,000

    Your truck is the truck I want. XLT regular cab, 4x4, 5.4L gas, auto,... As I was building the thing online the number got to $550 and that was with $3000 down and 1.9% apr. Let me build it again. Then again i am getting z plan so it will probably be lower than what they quote my by 50 or so.
     

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