Advantages of being an owner operator

Discussion in 'Ask An Owner Operator' started by Lonestar956, Jun 8, 2011.

  1. Jun 8, 2011 #1
    Lonestar956

    Lonestar956 Light Load Member

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    1.I would like to know how much money and what it takes to become an owner operator then once you are how do you find work orders or do you sign up with a company?

    2.Is it like being an independent?

    3.What's it like and is it better?
     
    Lonestar956, Jun 8, 2011
    Lonestar956, Jun 8, 2011
    #1
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  3. Jun 8, 2011 #2
    BigBadBill

    BigBadBill Bullishly Optimistic

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    BigBadBill, Jun 8, 2011
    BigBadBill, Jun 8, 2011
    #2
  4. Jun 8, 2011 #3
    Lonestar956

    Lonestar956 Light Load Member

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    LoL thanks boss .
     
    Lonestar956, Jun 8, 2011
    Lonestar956, Jun 8, 2011
    #3
  5. Jun 9, 2011 #4
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    Filings are about 2-$3000. Figure about 3-4 weeks to complete. Then downpayment on insurance, cost of your truck/trailer etc. You'll need backup $$$ to run on and for unexpected expenses. Payment from brokers take awhile unless you do a quick pay for a fee. You can run independently or lease on to someone. (with or without a trailer). Watch out for sleazy brokers who "disappear" on you.
     
    Allow Me., Jun 9, 2011
    Allow Me., Jun 9, 2011
    #4
    Lonestar956 Thanks this.
  7. Jun 9, 2011 #5
    BigJohn54

    BigJohn54 Gone, but NEVER forgotten

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    On an interesting side note, I wonder why drivers never ask what are the disadvantages to being an owner/operator. Just saying, I was no different with stars in my eyes on my first truck/trailer purchase. Using borrowed startup capital during the interest rate boom of the late '70's. The one that even put many real estate operations out of business by the '80's. Now as I look at my third purchase, I find myself looking much harder at what is not good and what will most likely go wrong.
     
    BigJohn54, Jun 9, 2011
    BigJohn54, Jun 9, 2011
    #5
    Lonestar956 Thanks this.
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