I'm leased to a small company and we do our own thing. We pull freight from the load boards, which sucks right now, but you can run your own customers if you have any. You do have to submit paperwork to the company and they pay you. The only issue you might run into is if your truck is sitting between crane moves your weekly expenses for insurance and stuff will continue to add up. The truck won't sit for free.
Leasing onto carrier question.
Discussion in 'Ask An Owner Operator' started by NeverSatisfied, May 18, 2020.
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Have you really thought this out?
You want to recapture only $4k by spending as much if not more in a market that may not sustain the operating expenses to run other work.
Your insurance alone will eat up revenue and just because the truck runs today, it may not tomorrow. -
truck is one of the cleanest I’ve seen. 1 owner, meticulously maintained, Cali truck, no rust, 160k on a drop in reman 6NZ and 13 spd. Changing every fluid and filter when I get home this week. 10 brand new virgin tires. Just had repainted and a lot of new bling by me. Truck is solid, not saying issues won’t arise, but shouldn’t be anything major for quite some time.
As far as making money, sure I’d love for it to...who wouldn’t, but I’d be happy if it just paid for itself over a couple years. That 4K is just the bare minimum...the plan it to add a few more cranes over the next couple years, plus helping other ventures that associates are taking part in. Not looking to run off of load boards but rather great relationships I’ve already built.
Plus...I needed a tax write off. Either Uncle Sam gets it, or I get a truck.
Ran into a business friend of mine today and was asking about DOT options and he already offered up running under his, so we’ll see what happens.Midwest Trucker Thanks this. -
What if you only used it for your crane business? Then it could just be on that insurance policy?
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Long FLD Thanks this.
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Be hard to lease to someone who is paying a per unit liability/cargo. They would charge you for that whether you did anything or not. Would have to find someone who is on a mileage liability/cargo.
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