Company that will lease on new CDL owner

Discussion in 'Ask An Owner Operator' started by Liquidforce, Aug 23, 2017.

  1. Liquidforce

    Liquidforce Light Load Member

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    Sep 27, 2016
    Savannah GA
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    Bouncing forward and back on establishing own authority vs leasing on with an existing company on a percentage basis, I have my own truck 2015 T680, ideally looking for a company that will effectively allow me to do my own thing while, paying them a small percentage for the privilege of using there numbers.

    My CDL will be fresh, as in brand spanking new, however from a business standpoint certainly not my first rodeo.

    Suggestions? Feel free to PM if you prefer.
     
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  3. Oscar the KW

    Oscar the KW Going Tarpless

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    Good luck, it's going to be awfully hard to get on with a company worth much with no experience.

    I gotta ask though, what made you just go buy a truck with zero experience?
     
  4. nax

    nax Road Train Member

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    @Oscar the KW

    Well...no one ever won the war without getting into it

    or won the lotto without a ticket (powerball @ 700MM, anyone wanna group buy?)

    or that we are near the ELD glory hole (which may make rates go up?)

    or like this old guy...

    [​IMG]
     
    JL of Indiana and rollin coal Thank this.
  5. Drake.r

    Drake.r Light Load Member

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    If you're into it this far with no experience there's no reason to be hesitant get your own authority and build your business
     
  6. Liquidforce

    Liquidforce Light Load Member

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    Savannah GA
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    I was initially going to put a driver in it (which I may well still do) but feel as if I should get my feet wet first and drive for a while myself.

    And considering some of the cliffs I've jumped off, this one is relatively tame.

    The main hold back from jumping in with my own authority is the additional compliance and paperwork, while also trying to wrap my head around learning the game effectively at the same time, this way potentially seemed a softer entry.

    I own the truck outright, and have other investments that provide me with enough income to sustain me, so in the bigger scheme of things I'm not risking a lot.
     
    fivestar Thanks this.
  7. DonM

    DonM Light Load Member

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    Jun 22, 2012
    Southeastern USA
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    I suggest you find a seasoned driver, in the industry you wish to work in and run team.

    This way you can make money, and get your year or two of experience an then run it yourself. Things might work out good enough that you put your co driver that helped you get going in a new truck and trailer next year with a plan for him to own it.

    I would find a driver and try to get on at Landstar or Mercer. If you are interested in hauling cars you might call some of the big enclosed outfits.

    This is of course just my humble opinion

    Best of luck to you...
     
    Liquidforce and JL of Indiana Thank this.
  8. Bigrayon

    Bigrayon Road Train Member

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    I did the same thing in 93, I did not go to a driving school, I rented a truck paid a guy to go over what I needed to know on the pretrip you take my road test pass it got my CDL out to door I went, now the hard part getting work, so I buy my own truck 1994 Ford aramax l 9000 brand new with a payment , my own family had a good laugh on me, but it cost me a good bit but I never gave up and I am still here making a living, so just to give you an idea you can make it is to cost a bit, learn the business, the insurance is going to be your biggest problem, try progressive as start , also there are companies out there that will do the paper work for you, in Miami FL, there is carrier service they will do everything for,
     
    JL of Indiana and fivestar Thank this.
  9. fivestar

    fivestar Light Load Member

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    Watching this thread closely as I'm in a similar predicament. I had a driver but he had to quit and now I'm having trouble finding a replacement. I want to lease on with a similar style of company so I can offer the driver higher pay.
     
  10. Maj. Jackhole

    Maj. Jackhole Heavy Load Member

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    This subject gets brought up often. Every time I shake my head with the old adage banging around ( a fool and his money are soon parted") I say this having been the fool. Trucking is not as cut and dry as it appears. having previous business experience helps but is no guarantee of success.
     
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