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O/O or lease

Discussion in 'Ask An Owner Operator' started by rokue, Nov 17, 2022.

Page 1 of 2
  1. Nov 17, 2022 #1
    rokue

    rokue Heavy Load Member

    730
    1,352
    Sep 28, 2014
    Nashville,TN
    0
    Hello I am looking into buying a used glider kit freightliner and I am wondering what is the recommended lender y'all use. Also what o/o companies are best to get into to learn the business side.
     
    rokue, Nov 17, 2022
    rokue, Nov 17, 2022
    #1
    Another Canadian driver Thanks this.
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  3. Nov 18, 2022 #2
    Kenworth6969

    Kenworth6969 Road Train Member

    2,323
    6,285
    Jul 3, 2020
    0
    :happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::happy1::hiding:
     
    Kenworth6969, Nov 18, 2022
    Kenworth6969, Nov 18, 2022
    #2
    Rideandrepair, Dennixx, Another Canadian driver and 8 others Thank this.
  4. Nov 18, 2022 #3
    Ridgeline

    Ridgeline Road Train Member

    20,732
    101,019
    Dec 18, 2011
    Michigan
    0
    Well let's start with this - are you a driver and if so how long have you been one?
     
    Ridgeline, Nov 18, 2022
    Ridgeline, Nov 18, 2022
    #3
    Rideandrepair, Another Canadian driver, Bumper and 1 other person Thank this.
  6. Nov 18, 2022 #5
    rokue

    rokue Heavy Load Member

    730
    1,352
    Sep 28, 2014
    Nashville,TN
    0
    Driver for 5 years nowm
     
    rokue, Nov 18, 2022
    rokue, Nov 18, 2022
    #5
    Rideandrepair and Another Canadian driver Thank this.
  8. Nov 18, 2022 #5
    pavrom

    pavrom Road Train Member

    3,026
    6,876
    Apr 29, 2012
    NE illinois
    0
    Its great timing to become o/o !
     
    pavrom, Nov 18, 2022
    pavrom, Nov 18, 2022
    #5
    Rideandrepair, LoneRanger, Speedy356 and 4 others Thank this.
  9. Nov 18, 2022 #6
    abyliks

    abyliks Road Train Member

    3,085
    6,905
    May 2, 2010
    ludlow MA
    0
    A lot of guys are going to say don’t do it at all, but I’m going to say I would Atleast hold off until spring because I have a feeling there will be a firesale on equipment in the next year,

    I would take that time to read as much as you can on this forum, there are quite a few different ways to make it work and you can see which direction you like best in the mean time
     
    abyliks, Nov 18, 2022
    abyliks, Nov 18, 2022
    #6
    JoeyJunk, Rideandrepair, Speedy356 and 7 others Thank this.
  10. Nov 18, 2022 #7
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

    10,379
    11,223
    May 28, 2009
    Rancho Mirage, Ca.
    0
    This is a very general question......line up 10 truck drivers and get 10 different answers. 1, apply at 5 different lenders, see what happens, 2, talk with 5 different co's, you'll have a better feeling about the biz. You won't find one co. that meets all your requirements.
     
    Allow Me., Nov 18, 2022
    Allow Me., Nov 18, 2022
    #7
    Rideandrepair and Another Canadian driver Thank this.
  11. Nov 18, 2022 #8
    NorthEastTrucker

    NorthEastTrucker Medium Load Member

    547
    959
    Sep 21, 2019
    0
    I will be 100% honest with you. I have over 25 years experience but recently became and O/o. Make sure you have a $30k to $50k reserves for downtime because it will happen.
     
    Last edited by a moderator: Nov 18, 2022
    Reason for edit: Typo
    NorthEastTrucker, Nov 18, 2022
    NorthEastTrucker, Nov 18, 2022
    #8
    JoeyJunk, Rideandrepair, LoneRanger and 1 other person Thank this.
  12. Nov 18, 2022 #9
    Siinman

    Siinman Road Train Member

    4,689
    11,778
    Mar 5, 2017
    Kansas City, MO.
    0
    Just get a good truck and not a glider. What kind of work are you going to be doing?
     
    Siinman, Nov 18, 2022
    Siinman, Nov 18, 2022
    #9
    JoeyJunk, Rideandrepair and Another Canadian driver Thank this.
  13. Nov 18, 2022 #10
    LameMule

    LameMule Road Train Member

    1,093
    6,889
    Jan 19, 2020
    Montana
    0
    Yes
     
    LameMule, Nov 18, 2022
    LameMule, Nov 18, 2022
    #10
    JoeyJunk, Rideandrepair and Another Canadian driver Thank this.
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