One truck leased, one truck under my authority?

Discussion in 'Ask An Owner Operator' started by Evil_E, Apr 24, 2021.

  1. Evil_E

    Evil_E Heavy Load Member

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    I currently have a truck leased on to a carrier. I recently bought another truck. The new truck is going to be set up for a local opportunity.
    My question is: can I leave the first truck under lease and run the new truck under my own authority?
     
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  3. roundhouse

    roundhouse Road Train Member

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    Don’t see why not, might want to title the new truck in a different LLC but your accountant and attorney would know more about limiting the liability.
     
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  4. Evil_E

    Evil_E Heavy Load Member

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    My thought was the insurance company would have the ultimate say. Don't really want to carry liability and cargo on the leased truck
     
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  5. GYPSY65

    GYPSY65 Road Train Member

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    I know guys who own several trucks and have them leased on with various companies
    Not sure how this would be any different?
     
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  6. 062

    062 Road Train Member

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    Insurance is determined by the mc the truck is running under. I don’t know how mi does Irp, but in North Carolina you’ll need two separate accounts if using your plates on both trucks.
    @Misesian was doing it for awhile.
     
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  7. Evil_E

    Evil_E Heavy Load Member

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    Do they also have trucks under their own authority? Say they own 4 trucks: 2 leased to abc, 1 leased to xyz, and 1 on their own MC#
     
  8. Evil_E

    Evil_E Heavy Load Member

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    The leased truck has plates provided by the operating carrier. I only carry "non-trucking" insurance on it.
     
  9. GYPSY65

    GYPSY65 Road Train Member

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    That I’m not sure about. I don’t think so???
    I think he has 10-12 trucks and 1/2 at one place and the others at another
     
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  10. Ridgeline

    Ridgeline Road Train Member

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    Yes.
    No problem with that, tell the insurance company what’s going on.
     
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  11. Evil_E

    Evil_E Heavy Load Member

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    I guess what makes this a difficult question is: the leased truck will be parked when the local truck is running. I will be the driver for both trucks. The local thing is seasonal (grain hopper)
     
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