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Becoming an o/o from lease

Discussion in 'Ask An Owner Operator' started by jgij, Sep 25, 2016.

  1. Sep 25, 2016 #1
    jgij

    jgij Bobtail Member

    29
    5
    May 29, 2016
    0
    Ok, I'm currently doing a lease with a company, and in the process with financing my current lease tuck so it's actually mine, I currently run my own fuel account, I have 30k in the bank, and continuing to save to purchase a newer trailer, I do want to purchase a trailer out right, I am not using my current 30k for trailer current truck I'm going to buy is a 17 cascadia evolution with 7500miles on it, I know I'm going to need another 4-5k for authorities and insurance I'm in California, and as I delivery I am collecting names & numbers for freight nothing set in stone, additional information is me and my wife do drive together but do not run teams, we do 8/8/8 and aim for a minimum of 750miles a day, any input and additional advice would be appreciated
     
    jgij, Sep 25, 2016
    jgij, Sep 25, 2016
    #1
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  3. Sep 25, 2016 #2
    Ridgeline

    Ridgeline Road Train Member

    20,736
    101,047
    Dec 18, 2011
    Michigan
    0
    I would not get an authority, but lease under a company and take advantage of their programs like insurance. You won't make the big bucks at first but leveraging the time to produce out of the gate is better than trying to establish yourself as an independent, this way you can still control your costs, have a savings up front on things like insurance and then get the authority established and moving without interruption.
     
    Ridgeline, Sep 25, 2016
    Ridgeline, Sep 25, 2016
    #2
  4. Sep 25, 2016 #3
    jgij

    jgij Bobtail Member

    29
    5
    May 29, 2016
    0
    Okay, so should I purchase my own trailer? Also do you recommend any companies with competitive rates?
     
    jgij, Sep 25, 2016
    jgij, Sep 25, 2016
    #3
  5. Sep 25, 2016 #4
    mitmaks

    mitmaks Road Train Member

    2,450
    1,952
    May 16, 2014
    0
    Which trailer van, flat, stepdeck, RGN..
    Landstar will give you van trailer at no cost if youre pulling freight for them.
     
    mitmaks, Sep 25, 2016
    mitmaks, Sep 25, 2016
    #4
  7. Sep 25, 2016 #5
    Ridgeline

    Ridgeline Road Train Member

    20,736
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    Dec 18, 2011
    Michigan
    0
    Competitive is subjective, so you need to have a plan, goals and needs to determine what you require.

    I have bought only specialized trailers, never vans so it depends on what you are going to be doing.
     
    Ridgeline, Sep 25, 2016
    Ridgeline, Sep 25, 2016
    #5
  8. Sep 26, 2016 #6
    somat

    somat Bobtail Member

    29
    7
    Dec 30, 2011
    atlanta,ga
    0
    Landstar charge for trailers.
     
    somat, Sep 26, 2016
    somat, Sep 26, 2016
    #6
  9. Oct 2, 2016 #7
    Crotts Trucking

    Crotts Trucking Medium Load Member

    375
    115
    Dec 23, 2008
    Duncan, AZ
    0
    Landstar Charges 7% of every load for pulling a Landstar trailer. That's $1400 on a $20k GROSS month.
     
    Crotts Trucking, Oct 2, 2016
    Crotts Trucking, Oct 2, 2016
    #7
    driverdriver Thanks this.
  10. Oct 2, 2016 #8
    driverdriver

    driverdriver Road Train Member

    4,255
    5,282
    May 30, 2011
    0
    Not really a trailer at no cost when you look at it correctly. Lol
     
    driverdriver, Oct 2, 2016
    driverdriver, Oct 2, 2016
    #8
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