Going Own Authority

Discussion in 'Ask An Owner Operator' started by Cdnicholson1970, Mar 13, 2020.

  1. Cdnicholson1970

    Cdnicholson1970 Bobtail Member

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    Mar 13, 2020
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    Hello,

    Been driving for several years and most has been O/O lease on.

    Im trying to decide if going with my own authority is worth all the hassle or is giving away 25% still a good deal with my 25%company lease program and leasing their trailer for $190 a week.

    Clearing $2000-$2500 a week and home weekends for 34 reset.( prior to $1350/month truck payment).

    what’s your experienced feedback. I need more than an opinion. Thanks ahead,
     
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  3. DUNE-T

    DUNE-T Road Train Member

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    Detroit, MI
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    So you do about $9000 per month minus $1350, you are left with $7650? Who pays for repairs? Anything else you pay for (insurance, permits, e.t.c)?
     
  4. 062

    062 Road Train Member

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    You need to get several insurance quotes and sit down with a calculator to see what the numbers will be.
     
    HopeOverMope and 86scotty Thank this.
  5. Concorde

    Concorde Road Train Member

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    West Melbourne Florida
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    25% should include trailer and all maintenance on said trailer.

    Find a better company to lease onto.
     
  6. Frank Speak

    Frank Speak Road Train Member

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    I have never been an o/o so maybe I’m off my rocker, but if you’re truly clearing $2000-$2500 a week after ALL expenses, I don’t know that I would be looking to change anything.
     
  7. zaroba

    zaroba Heavy Load Member

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    Aug 28, 2012
    South East PA
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    Don't necessarily have to get your own authority. Could just look for a company that pays more then 75%, plenty out there, I leased on to Pure Freightlines for a few months last year after buying my truck, but that was OTR so not home every weekend. They paid 80% of the load and I ran under their numbers and plates, renting one of their trailers. Paid more if you had your own trailer.
     
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  8. 86scotty

    86scotty Road Train Member

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    Kind of confused here:

    "Clearing $2000-$2500 a week and home weekends for 34 reset.( prior to $1350/month truck payment)."

    Are you saying your true bring home is 8-10k a month or $6650-8650 a month? Pretty big difference.

    How soon til that truck is paid off?
     
  9. jbob1

    jbob1 Light Load Member

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    Sep 22, 2017
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    I was leased on for 78%, their trailer no charge, had to have a workmans comp type insurance cost about 2k a year ( landstar has some similar requirement). Got my own authority last year and honestly it's about a push. I make a little more still doing the about the same runs but freight rates are ####ty right now. I'm figuring on being in a good spot when things pickup
     
    Hayfieldmn Thanks this.
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