Owner-operator with rental truck?

I guess your right, I must be doing it wrong.

 

I think you can do a lease through Ryder or Penske. Cheaper than a rental. The best part of that is when the Trucks broke down, they usually swap it out right away. I’ve met a few company Drivers that drive leased Trucks. A few weeks off every 3-6 months isn’t a lot. Maybe wait for the results of the new treatments for a better idea? I’m sure a lot of Carriers would work with you. The problem is that some will want to utilize your Truck as much as possible if they’re paying the Liability and Cargo insurance. Less so if they’re self insured. Just buy a Truck. Costs less than Leasing. Budget payments and insurance accordingly. The expensive insurance is paid by the company you lease on with. You’ll only need collision, fire and theft, if it’s financed, along with Bobtail either way, It’s not hard to budget time off. When I ran automotive, they would shut down 3 weeks in June for changeover, again at Christmas. I used to make my Truck payments early, each mo. earlier. Get a month ahead. Take 3 weeks off in June, get back to work. After a month or so, start making payments 5-7 days earlier every month again. By the time Christmas rolled around, I was a month ahead again. Take 3 weeks off. Since you’re only dealing with a Truck payment, and minimal insurance costs. You can micro manage things. Maybe utilize time off to do routine maintenance. Saving money on the cost to offset lost revenue. Probably have to pay 2290 before July 31st annually, the Carrier May cover the plate, or charge you back from settlements. I bought my first Truck mainly because my back was in such bad condition, I needed a good riding Truck, to continue driving. I kind of understand your thinking. Life can’t stop, have to find what’s best for your situation. Good Luck.

 

It's not included. You have to add them to your insurance policy. This of course costs you more money as well. Renting commercial tractors is very expensive. Unless you have contract freight to handle you're not going to make much money running spot freight right now. Find a local job.

 

Go get an old freightliner day cab an pull local stuff. If you don't have money to buy a truck you do not have money to be an owner operator

 

Something I got from Ryder and Penske when I had to talk to them about a couple leases.

I was told they won't rent or lease you a truck unless you are an established company with a means of an income.

They are tightening their requirements going into a downturn in the economy and rightfully so, they don't want to make a capital investment in new trucks to cover the rental capacity they would have in a normal economy in a recession.

Fedex and UPS seem to be a good indication because both of them use these two companies as a back up to their fleet as do I occasionally.

if you want to do this part time, find a company that provides temp drivers.

 

Buddy of mine rented a truck straight from peterbilt few months ago while getting an engine replaced on his truck. I believe he told me it was $200/day, weekends free. He had it like 5 weeks. Don’t know about the insurance.

I second the temp worker idea. I know a company that uses them and the drivers seem happy.

As for local work there’s a store based here that hires OO to run deliveries to their stores. They pay X per night 2-13 deliveries max of 300 miles. I know another guy that just leaves business cards at all the warehouses and businesses he can find as well as xtralease. He gets work when a company needs a driver and maybe extra trailers. When a paper company was moving from one warehouse to the other he was paid $50 to move each trailer. Was doing 35 trailers a day 3 miles each way.

 

Sorry about your health situation. Unfortunately the cost of the rental would be so expensive that you would even have a hard time covering the rental fees let alone making a profit with you situation. For example, i was hit several years ago while in a dock asleep in the bunk. The other trucks insurance would reimburse me for a rental but I had to pay for it out of pocket first. I rented a sleeper tractor from Penske. I had to give them a $5K deposit. I rented the truck for 2 weeks, and it cost me over $4K. Ryder wanted me to take out a line of credit with them, so I decided to go with Penske, I just used my credit card for the deposit, and when I turned the truck back in they put the $5K back on my card.