Mercer is a owner op company and they pay 75% of the line haul plus 1% insurance surcharge.
I want to lease my truck from SFI and run for a O/O company
Discussion in 'Ask An Owner Operator' started by visionarygvp, Jan 27, 2021.
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If you go with Mercer, or any company that I know of, you pay for the insurance on your truck, be it a lease or otherwise. You can get the insurance thru most carriers that you lease on to for a discounted rate, always check into getting it yourself outside the company to make sure you’re getting a good deal.
I wouldn’t personally ever lease a truck, borrow the money and buy it on your own, or if you can pay cash for one.
There’s money to be made owning a truck, if there wasn’t none of us would be doing it. I would expect your first year or two to clear $30-$50k. If you’re smarter than the average O/O you’ll do better than that. It takes time to learn what lanes work for you and which ones don’t.joseph1853, WannaGoTrucks2016, CJndaTruck and 4 others Thank this. -
I was stuck with that pos trailer a whole week, was so glad when I dropped it on Houston. -
cdavis188, aztruckerr and visionarygvp Thank this. -
If they say they’ll put you in a loaner if yours goes down, it’s in writing in the contract you sign then no it’s not a lie.
Before you even consider leasing or buying a truck, do your home work and find your carrier first, ask lots of questions from carriers themselves about middle of the fleet income and expected fees to the carrier and do the math yourself. Then look at the trucks.Bigtruck860 and visionarygvp Thank this. -
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Guys who do that type of operation you mention @visionarygvp usually lease their truck from like Ryder or Penske. But you just got to sit down and do the math on it!
if you’re just looking at the ease of maintenance, then you may be better off saving your money and looking for a nice pre-emission motor truck and paying cash for it. Would you believe the truck that I make all my money in, I paid only $10k for? I’ve had this truck for over 4 years now. I sold my newer truck and kept this one (a 2000 model).
that’s true freedom of time! I drove only 5,500 miles in quarter 4 of 2020. And I’m on track to head back out in late Feb or early March, essentially talking the whole winter off. My truck pays for itself almost literally every time I go out. I’m not worried about getting loaner trucks and all of that per say. I do have an account with Ryder to rent a truck if I need to ever repower myself, I’ve never had to use them. My overhead costs of doing business is so low, that 3 weeks of doing loads buys me about 3 months off while still breaking even.
I have my own authority, but yeah an operation like Mercer or Landstar is a great place to start. I started off at Landstar when I was 23. I’m 30 now.Vampire and visionarygvp Thank this. -
As was said, the rental truck hurts!Vampire and visionarygvp Thank this. -
Vampire and visionarygvp Thank this.
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