Right there with you.
Having the means to weather light times will be essential. Having a $2500+ equipment payment will be the death knell of o/o and small fleets.
2008 taught the smarter within the industry the importance of a fuel surcharge and sticking to it. It also taught the larger carriers that they can't simply cut rates and outlast the little guys, because it almost crippled them as well.
It's not the truck payment, it is the business model and your needs. It comes down to understanding how to pay yourself and put back into the business. How to take those times where you triple your weekly/monthly income and put all of that money back, rather than going out and spending a couple grand on useless crap for you and your truck.
Businesses go through small stretches where they not only make no money, but they even lose money. Gotta take the high times on the roller coaster ride, and keep it back for the low times.
What I am dealing with right now is what kills 99% of people in lease purchases and/or owner operators with a bank note. After being at home more than I was gone over the past couple weeks, and taking loads of time off during December while I was moving and for Christmas, I left the house, delivered the load I was sitting on, ran a couple more really short loads the next two days, and after 3 days out on the road found myself broke down. My fixed costs ain't going away, my bills at home ain't going away, and I still like to eat. Too many out here never have the money sitting back so they are prepared for this. Granted, nobody can absorb too many situations like this, but you gotta do what it takes to be prepared, because when your stuff breaks, you don't have a company coming to the rescue to take you to another truck the next day.
This is my 4th day sitting at the Dealership, truck wont make it into the shop until sometime Monday (i hope). 3 little bunk rooms here, I am taking advantage of that, and I am being allowed to continue to stay here while the dealership is closed today. How many here would have racked up a $1,000 motel bill during this downtime? $4.50 at McDonalds yesterday for breakfast, simply because I had to get out of here and take a long walk to protect myself and others from my growing frustrations, LOL. Beyond that, I have eaten what I keep in the truck. Today, I will likely open up the wallet and order a Pizza (because the Super Bowl is today, and if I leave the dealership, it may take me an hour to find the guard to open the door an let me back in from the rain). Tomorrow, I will be walking to the convenience store and stocking up on milk, bread, and whatever else I might need to eat/drink while I am here.
Not bragging on myself, but it takes discipline in these situations, because many of us out here would be racking up food and motel bills on a credit card, only to realize at the end of the month that they are further in the hole than they should be.
Oh, and I am glad the dealership opens back up tomorrow, because I just used up the last of their coffee to make this pot