Leasing onto carrier question.

Discussion in 'Ask An Owner Operator' started by NeverSatisfied, May 18, 2020.

  1. RStewart

    RStewart Road Train Member

    3,164
    5,026
    Aug 21, 2015
    Norman, OK
    0
    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.
     
    Coffey and rachi Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. NeverSatisfied

    NeverSatisfied Light Load Member

    52
    120
    Apr 12, 2020
    Texas
    0
    98 379 day cab
     
  4. NeverSatisfied

    NeverSatisfied Light Load Member

    52
    120
    Apr 12, 2020
    Texas
    0
    What’s it cost you roundabout, say per month in insurance and fees where you are?
     
  5. rachi

    rachi Road Train Member

    4,246
    5,231
    Feb 25, 2010
    SoCal
    0
    98' is good, paper logs all the way!! You have done your homework!!
     
  6. Ridgeline

    Ridgeline Road Train Member

    22,454
    117,541
    Dec 18, 2011
    Michigan
    0
    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.
     
    Coffey and ChevyCam Thank this.
  7. NeverSatisfied

    NeverSatisfied Light Load Member

    52
    120
    Apr 12, 2020
    Texas
    0
    I’d like to think so yes...

    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.
  8. Long FLD

    Long FLD Road Train Member

    12,047
    49,696
    Mar 4, 2015
    0
    What if you only used it for your crane business? Then it could just be on that insurance policy?
     
  9. Judge

    Judge Road Train Member

    13,393
    88,568
    Mar 19, 2014
    Arkansas
    0
    Yes, they are both still around, personally I liked RKCampf better, plus they charged a little less, and at one time, they paid IFTA for all miles ran for them at no charge back. But that was back in.. 2001ish
     
  10. NeverSatisfied

    NeverSatisfied Light Load Member

    52
    120
    Apr 12, 2020
    Texas
    0
    Looking into this as we speak. Well, actually looking at insuring under $5mm umbrella policy and still being able to pull whatever I want...been in the works a few days. Waiting on estimate.
     
    Long FLD Thanks this.
  11. Oakland Raiders Forever

    Oakland Raiders Forever Medium Load Member

    400
    467
    Feb 24, 2020
    0
    Yes they are still around
     
  12. wichris

    wichris Road Train Member

    4,353
    8,760
    Jan 17, 2011
    0
    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.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.