PARKED the Ram 4500. Pros and cons of running your own trucks. Overhead DOUBLED!

[@mikesorg6746]

Gas/diesel is up. Insurance is way up and the reason is because the insurance companies raise rates based on claims they pay out, for everyone in your state. Just because you don’t have any claims means nothing. Messed up world we live in.

[@williambuehler2533]

Personal insurance has done the same.. and I'm in TX..... I actually called the insurance regulation board to find out why this is being allowed. My ex now pays almost double her car payment for insurance and mine isn't far behind. At this rate it's going to become so expensive to drive that it's going to be dangerous. I make decent money and with everything I can barely afford insurance. I stop and think about people who have no choice they have to drive to get to work but make less than I do... How are they supposed to afford it? Nevermind that it goes up because you got divorced, because you're credit is less than stellar. Actually came across some professor or something that "did a study" (I call BS) showing people with bad credit are more likely to file claims. Sure if you're talking glass or hail but we can't control those, and people with great credit file them too.. but as someone who has struggled with income/outgoing and poor credit to decent credit it's never changed the way I drive or what claims I file. If anything I was more cautious with poor credit since I couldn't just walk into a dealership and walk out with a vehicle I could afford the payments for, couldn't get credit cards to cover costs

[@J.R.in_WV]

@@williambuehler2533 I guess the idea is you don’t get poor credit by making good financial decisions or paying on time. I’m not saying that’s right, but that’s what it looks like to them on paper. When my mom retired and bought a winter condo in Florida she took up residence and registered / insured her car there and her rates slightly more than doubled. Hypothetically if she didn’t want to give up on the tax breaks you get being a Florida resident we could hypothetically have added my name to the title and put it on my insurance policy with her listed as a covered driver and allowed the car to be titled, registered and insured in WV because on paper it spent most of its time here but hypothetically she could keep and drive it in Florida and should something happen within this hypothetical scenario she could say the right things when asked certain questions and she’d be covered. I say hypothetically because if one were to actually do something like the fictional, hypothetical thing I mentioned above it may not meet the legal definition of insurance fraud but could certainly be enough of an issue for the insurance to deny coverage in case of an accident and cancel a policy over. Of course if there were a real life situation myself and a relative were involved in I would have the vehicle in West Virginia at least 51% of the year for sure and it would only be driven to Florida for limited stays down there with that relative and not be there all the time.

[@johnyhefner]

I may never haul anything, but I I find the topic facinating.

[@tiptoplandsolutions1421]

Good to see you and the son hauling some iron together🎉🎉🎉

[@BentIronBins]

Your dad is a great fabricator i do all my own even my trailer probably not worth it time wise but you can build it exactly how you want it 👍

[@EricJohnson-oq7zg]

Picked up a 2016 3500 this summer. GVW of 14K. The dealer wanted to tag it as class 5 at almost $400 a year. I told the to drop back to class 4B for $262.00 plus $ 5.00 county tax. I would keep comprehensive coverage on your dad’s truck if possible. God forbid anything happens to it and you have no insurance on it. Your boy sure is growing. Happy holidays to you and your family

[@J.R.in_WV]

There’s a fine line to walk between being criticized for gloating / bragging about being an O/O and being called a “gatekeeper” by saying it’s not financially worth it unless x,y,z…. I think you did a fine job explaining it without falling into either of those KZbin traps.

[@supremeautomotive6749]

I see same thing in towing business everyone wants to do it now and insurance and maintenance and everything else they never think about. Alot of them don't even do their own maintenance they don't know how.

[@mikeh5757]

my commercial auto doubled last year in South Carolina, 0 claims and had policy 10+ years

[@ShawnR718]

Happy thanksgiving to you and yours Sam

[@rustrtal]

My next truck will be a 3500 gasser with a gooseneck service body. If I go Ram, it will need to be a Cab & Chasis to get the HD trans with the gas engine. Chevy offers the Alison in the regular 3500 truck line with gas. Either will do (won’t be going back to Ford anytime soon). I run a non-CDL setup so I’m never hauling real heavy (12K truck w/ 14k trailer), we have hills but not mountains and I rarely go over 50 miles at most (a lot of it is 20 or less). Gas engine saves a ton of money to buy, maintenance costs, weight, etc. The internet would hate it but it’s truly the best option for me. Just have to have the “builder” rate the truck at 12k. My biggest struggle is regular vs crew cab decision. Good video!

[@BBslider001]

Yup, diesel just isn't worth it anymore....in any way, shape, or form. Good choice!

[@VBELTandSON]

@BBslider001 no way I’d tow what I tow with a gas engine. That doesn’t make sense

[@BBslider001]

@@VBELTandSON I hear you. I have not towed with the new big block gas engines at 14k, but you are way over that for sure.

[@MHConstruction_MN]

I'd think the fuel economy, capacity, and comfort of the new truck would be better than the old one, BUT that insurance is killing everyone. They make you buy a newer truck but screw you so you cant aford to run it.

[@kylefitzherbert9381]

Nah the fuel economy of the 2nd gen is probably way better.

[@terrancesnyder9323]

Good afternoon to you all

[@luke1772]

I’ve got a 1989 KW T800 4 axle dump truck transfer and a 2006 W9 day cab with a low boy trailer attached. My commercial insurance has doubled in the last two years. No rhyme or reason. I’ve got no accidents or claims. Btw I’m west coast too Washington state

[@sprucegoose1016]

More to a buisiness than you think. Very informative bud.

[@robertmatthews2776]

Thanks Sam, I do LOVE to watch you all yal videos Sam. I PRAY yal have a great holiday. I do Love all YAL, and GOD BLESS ALL YAL...😊❤

[@Gengear]

My non- commercial registration went up $100 since last year for my ram 3500 srw.

[@ttsnv]

got to keep an eye on the bottom line. Keep up the good work!

[@jayg479]

Yep. Not waiting for someone to haul equipment is the best part.

[@VBELTandSON]

Big time reason to have your own rig!

[@tanyakelly2319]

Here in Atlantic canada the price of diesel is 7.35 per gallon or more

[@matt08015]

that is crazy

[@erichuntII]

Sounds like you need to just raise your rates to cover extra cost that's what me and my dad do for our business

[@radspencer3584]

We do our normal hourly rates, plus a separate truck charge.

[@VBELTandSON]

Rate’s definitely have to go up to do anything

[@MarkWilliam-pl6qs]

Something my accountant told me. You can buy something used and cheap and you never know what you're going to spend fixing things or you can buy something new with a warranty and you know what your monthly costs will be... and in most cases you will have less down time. Unless you own a dodge and have the endless electrical problems that come with them!

[@VBELTandSON]

I dont think anyone has had more of these trucks than me and i haven’t seen electric problems.. knock on wood of course

[@krice24]

Here in NC commercial policy for my 22 f450 lariat is $130 a month! State farm, everywhere else it was $300-$600 for same policy

[@Christopher88S]

I hear State Farm is terrible for claims though

[@krice24]

@Christopher88S they all suck, that why you get a 3rd party appraiser for things. Think about it your asking somebody (that's paying you) what they will give you for a vehicle. That's like you asking me what I'll be willing to pay you for your truck. Of course I'll low ball the hell out of you

[@Thunderbird-2]

Buy Once, Cry Once. Pay for the best quality equipment you can afford. It will pay for itself in use and resale value.

[@mrmjohnson1980]

Mine damn near doubled in MA, My trucks are both '05s...

[@Eliaslopez-y5c3d]

It’s just another day is what my dad always says

[@brianherron5400]

Great video 👍. It's all the politicians in California, but it's everywhere . I had life insurance for 30 years, and it went up 500% this year, and I live in Kansas.

[@gungadinn]

Insurance companies don't like paying claims. As a 50+ year old male, based on demographics, your a higher risk. I owned three tow trucks. When I started in business, my commercial insurance for the 3 trucks was $4500 a year. 6 years later, no claims, no drivers with points on their license, my rate went to $13,000. My state didn't inspect small trucks as commercial vehicles, so there was a lot of F-350-450 size trucks that were junk doing repossessions, impounds from shopping centers and apartment complexes. They were involved in numerous accidents. My trucks were inspected yearly by the state police because I did police impound tows.

[@mikestrucks]

Nice one buddy ! Happy thanksgiving to y’all !

[@Troysbuildsnlife]

i'm in western washington my rates have gone up a bit over the last 2 years but only about 20% not double by any means. been on the same policy for almost 20years now only had one claim and that way more than 10 years ago

[@treyschmidt762]

Not to mention fuel, I fuel my truck in western Washington, and it’s insane, cross the line into Idaho where I live and it’s over a dollar cheaper a gallon

[@buildingsalvage]

WA diesel prices are so insane right now. Going to have to get an older truck and do alternative fuels

[@Troysbuildsnlife]

@@treyschmidt762 yea no shit i goin to post falls now and then almost always make a point to doit on sunday and bring all my slip tanks with

[@bunsguns8222]

​@@buildingsalvageI highly recommend just moving out of there, that was my solution.

[@mowerjeff8990]

Mine gone up 60% in the last 2 years. No claims. Indiana shopped around no cheaper. They claim they paid out too much for uninsured claims. So the people who have insurance to be legal get the shaft again.

[@matthewweldin7888]

And if you pass that cost on to the customer, you lose your competitiveness. What a balance, something the government doesn't know anything about. We're just their checkbook. I feel for you brother.

[@matthewweldin7888]

I don't think you understand. If you pass additional cost onto the consumer, your rates will exceed your competitions rates. i.e. higher rates than competitors; thus, losing your competitive edge.@@Sc-jf3yk

[@jeffpistritto9524]

On long island diesel is $4.30 a gallon .

[@tannermarkeson2195]

In Washington state my commercial insurance doubled

[@mikelowry9436]

Mine too. And diesel is still through the roof even though Biden says fuel has gone down 😂 my log truck drinks over 500 bucks a day

[@gtr1952]

Happy Thanksgiving to you, Hoss and the family Sam!! I hear ya on the insurance rates!! Mine went up 25% on my 11 year old 2500HD Silverado! I didn't hardly put any miles on it either, recovering from some med things. I even toyed with the idea of selling it, I was offered $30k for it. But what do I replace it with? Nothing this nice for $30k. It's gone crazy. 8) --gary

[@allanstephenson9336]

The cost of any business to run is way up. They make it heard for some one to make a $$$$ a buddy of mine ran a tractor trailer. He just sold it all. Working for Walmart. After first yr a 100 thousand + and a lot less stress

[@billlangdon5914]

Happy Thanksgiving to you and your family.

[@VBELTandSON]

Thank you

[@michaelide9380]

Have to leave Cali brother !

[@VBELTandSON]

Go where?

[@michaelide9380]

@@VBELTandSON well, that is a good question.because of your work skill I would recommend idaho and western montana

[@theoneandonly2590]

Please let me know when you are ready to sell the OG 6 speed 5500!!!

[@VBELTandSON]

I doubt I’ll ever sell that truck

[@10rcoleman]

Would it help to get it tagged and insured in Nevada I live in Va but I run tn tags and insurance got camper at the lake use that as my address

[@TheTsunamijuan]

When I talked with my insurance carrier recently about the insurance costs and problems getting covered. Their claim is that due to California's changes and the amount of liability they want the insurance carriers to carry for fire. That they had no choice but to double it, to be able to cover California's reporting and liability requirements. I am sure the real story is somewhere in the middle. But its sure been a pain in the ass this year too deal with. They dropped my home coverage after they used AI to check the roof and instead it chose an old torn down shed to call my cause. Causing them to revoke my policy.

[@TheMinecraftguy65]

Triple a dropped my home owners as well last year cause I had to much stuff on the property apparently.. wouldn't let me clean it up and they never even came to the property..

[@ortiz1907]

What about using an 01 F450 with a dually bed on it?

[@VBELTandSON]

?

[@ortiz1907]

@@VBELTandSON just wanted to see your response, because I believe you to be an SME, just wanted to pick your brain on emissions in CA…

[@VBELTandSON]

@@ortiz1907 truck needs to be factory equipped with a pick up bed to be filed as such

[@ortiz1907]

@@VBELTandSON so I can’t just slap a bed on it and register it? It had to come off the lot like that?

[@VBELTandSON]

@@ortiz1907 ya like top kick chevys are compliant when filed as a pick up

[@irreccon]

The government has to get their money. They got their grubby paws in everything.

[@genecoppedge5972]

It’s our own fault that we’re paying double. Red light running is a common occurrence. Every day you’re going to see two to three red light runners at the intersections. Now imagine how many times that’s happening across the country. When I drive from Arizona to Florida and back I am amazed how many runners I see. Another one is passing the vehicle when they don’t have enough room so you have two vehicles diving into the emergency lane to give the idiot enough room to pass to avoid a head on collision. Drivers are so angry now a days they don’t care if they kill you because they’re hiding behind their insurance.

[@snowphyco]

Tip for buying a flat bed truck, get it with the standard bed from the factory, the vin will always show a standard truck even if you put a flat bed on it. That alone will make your commercial auto much much less!

[@VBELTandSON]

It’s a cab chassis truck. They don’t come with flat beds.

[@Zraupp10]

i'm looking at the Chevy 6.6 Gasser 3500 SWR for a new truck upgrade from a Ram 1500 5.7 Hemi

[@buildingsalvage]

New gassers are real nice. Ford 7.3 is good too. Old man just got a new one. Still 10mpg though sadly even with the 10speed. Wish someone would drop a hybrid 1 ton

[@geostawny]

70,000 for a pickup thousands of computer chips & the fuel mileage is lower then the trucks from the 70’s. Technology for the sake of jacking up prices is bull.

[@davidjackson4112]

Welcome to California! My new neighbor is from CA.

[@beebarf2151]

Would it save money to register/insure in Nevada? Is it worth the trouble?

[@VBELTandSON]

Tricky but yea

[@pjp80s]

What happened to your German shepherd?

[@VBELTandSON]

Nothing that I know of

[@pjp80s]

I just like seeing him in your videos… I have one

[@redneckarcher1143]

2.67 a gallon in kansas.

[@davidpowell9915]

Filled my F550 up today at $3.69 gallon in SC.

[@CursandCows]

2.53 gas. 3.87 diesel here

[@SteveRivett]

They make a 4500? What is the primary application for these? I thought they skipped to 5500.

[@VBELTandSON]

Same truck. Different gearing and rating

[@matthewsandgren7598]

Did you sell the Texas pride?

[@VBELTandSON]

Yeah last year

[@bretmartin2826]

I live in Kentucky. Everything cheaper but not a lot of jobs. Seems the states that have more job opportunities the higher things are . Gas here $2.99-$3.09. Diesel is $4.29. And Ky don’t enforce emission laws

[@TylerFugate]

Here in TN gas is around $2.59 and diesel $3.39 or so.

[@TheMoparGarage]

Well that was a depressing end to the video haha....this economy is a scary thing! I hope ole Hoss doesn't regret buying that truck, although I'm sure at this point he does. Would it make sense just to try to sell the thing? Seems like you'd be losing money just having it sit around.

[@VBELTandSON]

It’s a back up for when he needs it. Didn’t need it when I ordered it but for future needs it will be there. Just not in a hurry to get the bed done

[@theoneandonly2590]

What steering wheel cover you using?

[@VBELTandSON]

Browning

[@bryandepiazzy8679]

$4.15 gallon of diesel. Long Island NY. Cash or credit.

[@robertknoll8439]

Insurance Companies are ridiculous and how people like us that don't cause Claims and all time something there tring get there Provider for...People w/nice Vehicles for Work or Daily,even Decent reliable older vehicles we just Pay way to much...IMO it's cause of others and Insurances payout all time now people that can Drive,CDL,Work or not ect. GOOD Drivi.g Record makes no diff. It's tough shame that's gonna sit but..He is right if more parked them maybe it make them have play ball fair....Anyhow Hope ya'll had a Great Thanksgiving and U and ur Father are a Amazing Team..Good Father as well,Keep it up..Take Care Pal

[@nathanurick8320]

And this is why so many people have left Cali

[@leemckee1272]

In Texas, Louisiana, Mississippi gas can be found for 2.67 and diesel for 3.59

[@Chestnut0923]

My commercial policy is cheaper than my personal policy with the same coverage

[@dmanmb]

How is the ‘08 non-compliant but the ‘01 is fine to drive? I might have missed something…

[@VBELTandSON]

Weight

[@dmanmb]

@@VBELTandSONgot it, thanks!

[@matt08015]

Thank you CA for you and Biden

[@michaelrobbins9679]

When you have a combined approching a million in gear.. headaches occur at the least appreciated moments. Having backups.. is profit insurance!

[@michaelrobbins9679]

As somebody wise said.. only thing you can't buy is more time. Everything else has a price

[@davidroach5166]

Howdy

[@-S-K-Miller]

In BC (Bring Cash) Canada, a 5500 id 100,000, and that trailer is 40,000... When I show up to do a job for someone with my 55 Hyundai ... They don't care about the truck, just that I got there. And I'm usually there for a week, at least. The guy who moves me around, has a 20+ year old International 4700. He said he paid 5k for that truck. I want the 5500, but it's not need. We'll see what the accountant says this year...

[@berkoskilandscaping4247]

They are raising rates because they can. I’m in New York (Long Island) my commercial ins went up. So did my personal vehicle and home ins. Thanks uncle Joe bag

[@bluecollar7060]

Progressive commercial will let you take the truck off insurance but never put it back on. They made me "sell" one of my rigs when I took it off and give them a bill a sale. If I didn't do that then they would of cancelled policy for othe trucks.

[@maxseed4730]

It's cailfornia for you buddy.. and the federal government doesn't like people working for them selfs

[@brandtjeffery7622]

My dads been in the commercial/farm insurance gig for 30+ years. He said hes never seen it this bad

[@VBELTandSON]

Scary stuff!

[@allanstephenson9336]

The insurance companies got you by the nuts. And thay know it.

[@tonybob283]

Then sell it why keep it if your not driving it

[@VBELTandSON]

When the time comes when it’s needed it would could 50% more to replace. Good investment to keep. Just not in a hurry to finish it.

[@randychapman2182]

We’ve been in business since 2007 there was a time diesel went up to $5 but insurance wasn’t what it is now ours tripled , we had nationwide excellent company & coverage this year they ( Nationwide) left California our broker really only gave us one option due to the type of business we are it was triple what we had with Nationwide, you’ve got to be kidding me. I’ve have multiple rigs some new some not so new , didn’t matter . I had to park & non op several of them . I’ve had to downsize & restructure our business model in order to survive this B.S. it’s ridiculous .

[@jasonnash7323]

Do you have to pay property tax on a personal vehicle?

[@travissweeney788]

I had basically assumed that or he was just saving it as a back up, ol hoss knows you pay attention to the pennies and dollars will take care themselves

[@LoneWolf-cf5tp]

Depressing to see how you’re treated in Cali bro. But anyway Happy thanksgiving.

[@VBELTandSON]

A lot of states just as crap

[@tite-r-tone8258]

that sucks, pass that cost onto the customer bro

[@VBELTandSON]

Yup you have to.

[@gslife1]

$583 a month to operate that new nice red truck. That is freakin stupid. I guess, I will not be purchasing a new truck ever. I’ll stick with my 2006 Ram 3500

[@Daniel_Vandiver]

Life would be much easier if it wasn’t California.

[@richardharvey8939]

Our personal went up 100$ a month after selling one and having fewer vehicles. I drive 04 truck. COVID drove up values and now we are paying for it.

[@Tdaz250]

Kinda sounds like he ought to sell the red truck unless you guys are just waiting for business to pick up to use it or something. I’m all for having excess vehicles especially cheap ones but to have a 60k + truck sit not even insured or registered seems kinda silly. That or unless he’s just waiting to finish the bed. Or you are waiting to buy it 😅

[@VBELTandSON]

Cost you 30% more to replace it. Why would I sell it. It’s a truck he’s wanted for years. He will Finish it and drive it. But no hurry with these rates

[@Tdaz250]

Just stinks to see it sit. But if he likes looking out in the yard seeing it knowing he has it and it makes him happy then I get it. But on the flip side to have it and not be able to drive it stinks. And I’d just hate to see a video one of these days “well dad got the 4500 finished and now we got a mice infestation cause it sat for 2 years”

[@VBELTandSON]

@@Tdaz250 yeah that would suck. We shall see. I’ll put more traps in it today.

[@jccorder1]

Sadly, I feel they are getting us with taxes, fees and insurance no matter what we do for a living.

[@jameswoods735]

Commie California an I live in Cali my self for now

[@bunsguns8222]

The middle class is rapidly shrinking.

[@bobbyjfarms3681]

Chicks dig a dude with his own rig. Double brownie points if youve got alcoas on the trailer too

[@anthonycash4609]

Well its no secret that all of you out there on the west coast has it worst than we do out here on the east coast when it comes to laws and inspections and just all the stuff that comes with running equipment and hauling your on stuff. Thank god it hasn't got that bad here yet and that govern out there in California isnt doing you any favors either. If it was up to him you would be dealing with an electric truck. and i think its time for all trucks to strike long haulers and even down to us in business for our selves. They keep pulling the noose tighter and tighter on us and with out us lets see how long they can make it with out big trucks. Let alone what they are putting us threw now just to get CDL'S and to keep them. OK ill stop bitching now.

[@mattc8879]

California sounds even worse than I thought. It's amazing anyone can make money with all these rules and fees

[@VBELTandSON]

Whole country is close to this crap

[@Ed_Garage]

Insurance company does not want Ca policies. So they just raise rates or find an excuse to drop policies.

[@mario-sl6cz]

Why not just sell it lol

[@VBELTandSON]

Cost 50% more to replace now. No point in selling.

[@aidanpark3323]

My commercial insurance went from 20k a year to 92k a year in 3 years with Biden 🎉