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To lease or not to lease

Discussion in 'Ask An Owner Operator' started by amstruck, Nov 6, 2008.

  1. Nov 6, 2008 #1
    amstruck

    amstruck Bobtail Member

    33
    3
    Oct 25, 2008
    fort worth, tx
    0
    I am just starting out on my own just bought a truck/trlr and I have some questions: should I lease on with a company?
    can I lease with more than one?

    any other advice for a guy just getting out on his own would be great!
    thanks in advance....
     
    amstruck, Nov 6, 2008
    amstruck, Nov 6, 2008
    #1
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  3. Nov 12, 2008 #2
    Gonzo_

    Gonzo_ Medium Load Member

    307
    143
    Oct 30, 2008
    Clayton, NC
    0
    You bought a truck before you knew where you were going to put it to work?? More info is needed.. What type truck and trailer.. how old? What experiance do you have? Local of OTR?
     
    Gonzo_, Nov 12, 2008
    Gonzo_, Nov 12, 2008
    #2
  4. Nov 12, 2008 #3
    poptop

    poptop Light Load Member

    87
    28
    Oct 7, 2008
    anytown u.s.a.
    0
    yes what kind of set up do u have
    most leases you sign to will prevent you from running any other freight bcaus of insurance and licensing but you can book the loads through the co you are leased to...
     
    poptop, Nov 12, 2008
    poptop, Nov 12, 2008
    #3
  5. Nov 13, 2008 #4
    Gonzo_

    Gonzo_ Medium Load Member

    307
    143
    Oct 30, 2008
    Clayton, NC
    0
    Generaly you cannot lease to more than 1 company.. Though most leases have provisions for brokering loads if they cannot find you anything.. BUT, they often do not make it easy to do so.. My lease for example says I have to wait 48 hrs. and cannot turn down ANY freight during thatr time .. Then I can go outside the "system" and gert my own.. However, no cash advances will be given, no bill collections, and I have to pay a ?? cpm for using my co.'s authority. Ultimately they have the say of YES, or NO .. Some companies they will not allow me to broker to.. (I can "trip lease" but not many co.'s are doing that any more... that I know of..)

    Good luck.. any more questions??
     
    Gonzo_, Nov 13, 2008
    Gonzo_, Nov 13, 2008
    #4
  7. Nov 13, 2008 #5
    amstruck

    amstruck Bobtail Member

    33
    3
    Oct 25, 2008
    fort worth, tx
    0
    I have a company in CA that i will run for but i was looking to supplement those loads and keep running. I have a 05 western star and a 53' great dane dry van. I've had a cdl for 2years now (OTR) but ive been in a truck since about 17 (10years)
     
    amstruck, Nov 13, 2008
    amstruck, Nov 13, 2008
    #5
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