Need advice..

Depends on how much 85% is, trailer rental sounds ok until you tack on .03 cents per mile. 1k a week sounds pretty high for any payment.

 

You're asking these questions after the fact and after you signed...or before?

 

- Well I hope things work out for you.

Unfortunately, this type of treatment is very typical and there are tons of posts on this board about this happening.
"Wasnt told about this or that or a surprise fee".

What made you want to make the jump into O/O vs being a company driver?
Try and hang in there I guess...get yourself out when its time (and in one piece) and find something else.

 

Who is the company? Sounds like a good place to avoid. I was in a lease to own deal several years ago. It was ok cuz my payments were percentage based. If they didn't give me miles, they didn't get paid. The fuel was cheap, .37/L. We were union and when we won a wage increase(More per mile) they raised the fuel cost. As drivers, until and if ever, we unite we're gonna keep getting screwed by someone.

 

I would try and find a O/O company to lease on, if you wanted to go long haul.

 

To bad you bought it outright. Any O/O would have told you to put a large down payment; as large as you can; but keep enough back to live for at least a month.

 

A good point. When loads get scarce, the company drivers won't sit, you will.