Taking the plunge. My journey as an O/O.

Discussion in 'Ask An Owner Operator' started by Farmerbob1, Jan 7, 2019.

  1. Brandonpdx

    Brandonpdx Road Train Member

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    I would say go to Landstar. Getting hazmat endorsement is not hard unless you have felonies or something. (If that were the case you likely wouldn’t be working at Crete in the first place...)

    Long thread and I may have missed it but can you take the truck and lease it on elsewhere while still making the payments on it to Crete? Another good reason IMO why not to finance anything on a first foray into owner operator-ship. If it goes bad on you at least you can just park it and go get a job (or sell it much easier).
     
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  3. Farmerbob1

    Farmerbob1 Road Train Member

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    I have been told I can take the truck elsewhere, if I make payments on it by normal means rather than by settlements.

    Haven't tried yet though, clearly :D
     
  4. Brandonpdx

    Brandonpdx Road Train Member

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    Well, you’re running out of money so you might just need to go back to working your Crete contract for a few more months to get some money rolling back in and confirm the truck is running good after the grand repair. Depending on how much you still owe on it you might just want to hang around long enough to get it paid off, but that might not be necessary if it will take a year or longer. (If you can do it in 6 months, maybe.) Buying a new one is out of the question right now IMO. Maybe in a couple years you can do that. I would try to get on at Landstar for your “Spring offensive”, so to speak, because that will be the only thing that will keep you from going broke long term is to get your average rate up. Doesnt matter how frugal you live or how lax your financial responsibilities are at home, running a truck costs more money than you realize (well, maybe now you realize it), and companies like Crete are just taking advantage of people who haven’t figured that out yet.
     
  5. Farmerbob1

    Farmerbob1 Road Train Member

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    Yes, this engine rebuild will definitely force me to change plans. Not going to try to figure out what exactly I am going to do in the long term, but in the short term, I'll be staying right here.
     
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  6. Brandonpdx

    Brandonpdx Road Train Member

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    These guys are just trying to help you. Many of them have already been down this path and learned the hard way themselves. Now I think you have maybe had some worse luck that usual but now you know how risky running your own truck can be if you roll snake eyes. As a company driver you’d have called them up and said “truck’s broken, find me a new one!” And maybe you’d have been down for a few days not really any worse for wear. But, a good learning experience if nothing else.
     
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  7. Farmerbob1

    Farmerbob1 Road Train Member

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    Yup. Risk vs. reward. This engine rebuild pushed back the reward stage of owning my own truck ourright with no payment, (or at least having a truck I want,) by at least 9 months, I'd say.
     
  8. Midwest Trucker

    Midwest Trucker Road Train Member

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    Seems par for the course to me but I think Bob knows that. Bob, what pc games you play? Serious question...
     
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  9. Farmerbob1

    Farmerbob1 Road Train Member

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    I've been playing a lot of Path of Exile, and some Borderlands 2 recently. I also play Wurm Online and have been known to log into my old WoW and Everquest accounts from time to time.

    During this month though, mostly PoE and Borderlands 2.
     
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  10. Farmerbob1

    Farmerbob1 Road Train Member

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    Update.

    Freightliner has apparently worked with TruNorth to split the invoice, but I still have to pay my invoice before TruNorth will pay theirs.

    That's fine by me. The invoice for the work I am responsible for has been sent to Crete and they will pay it from my maintenance account. Then TruNorth will pay theirs.

    Looks like I might be in my truck tomorrow. We shall see.
     
    wore out, Midwest Trucker and dwells40 Thank this.
  11. Tropsnart

    Tropsnart Road Train Member

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    You have to be the most patient person in trucking. That isn't a dig, it's a compliment. Kudos to you.
     
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