hi. I'm a conpany driver and have been thinking about becoming owner operator and lease onto a company, like landstar or mercer. How do I go about getting started?
owner operator requirements
Discussion in 'Ask An Owner Operator' started by clucas92, Sep 21, 2020.
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Save enough to have for a decent down payment and $15 000 - $20 000 after the purchase when leased on or even more when you go independent.
Those who fail the quickest are those who had too little funds after they bought a truck.
I can attest myself that one single on the road break-down could mean $12 000 expense...(tow, rental, motels, repairs...etc) not to mention down time when you don't make any revenue --- ####! I don't even want to talk about it...Last edited: Sep 21, 2020
drive-away2020, Speed_Drums, blacklabel and 4 others Thank this. -
Jump in. It’s up to you whether you have a life jacket or not. (Money)
Think of yourself as a child. The more experience the older you are so to speak.drive-away2020, blacklabel, clucas92 and 1 other person Thank this. -
Have common sense and above average communication skills. It will set u apart from the rest.
drive-away2020, PSM379, Eddiec and 1 other person Thank this. -
If you have excellent credit: save up enough for a 20% down payment. Then get preliminary acceptance with a carrier to help you decide what truck specs you need. Then go get a truck.
If your credit sucks. Save up for 100% of the cost of a truck.clucas92 Thanks this. -
uncleal13 Thanks this.
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Down payment for truck
Down payment for insurance
10k to 20k for break down , maintenence.
Knowledge of what you want haul and Knowledge of lanes and seasons . Get on the forum and read other adventures and misadventures other O/Os have gone through. There's a thousand like yourself ready to make the jump so just keep that in mind .pullem, Midwest Trucker and clucas92 Thank this. -
If you lease onto a company, do you need insurance down payment?
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clucas92 and black_dog106 Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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