About to become a new O/O..need some advice

I am an owner operator, I outright own my truck and lease on to a "100% owner operator company".
I can quit and take my truck wherever I want, or park it at the house for as long as I want.
I can install anything on it, and my speedometer is wider than the Mississippi river.

How are you going to compare a "no credit check, get this volvo or freight shaker with 0 down for 2/3 years" to a you need good credit and a bank as a lender and not a mega carrier.
you can't take your truck from swift to Schneider to "I take MY truck "I make payments on" with all documentation on my name- wherever I want..

Please..

Here's my Dyno..

 

So what? Glad you're happy with your speedo ... I use my GPS that I can take with me in any vehicle I drive.

 

Jerry Moyes?

 

Why are people saying that you can't take your truck somewhere else while leasing the truck? Is that what your leasing contract states, or just hear say?

 

If its in the lease agreement, then I missed it but I am curious about that myself. Is it possible to take an IEL truck to another company?

 

Don't be a douche

 

All this prejudice between "owners" and "lease operators". I got news for you haters, as far as I can tell the ONLY difference between an actual "owner" and someone who is "leasing" is that the owner may actually own his truck outright, assuming of course that he didn't get a bank loan to purchase the truck, in which case the bank owns the truck and the "owner" is making payments just like the lease op. The lease op has all the same responsibilities as the owner. If the truck breaks down, the owner/leaser has to pay for it. If an owner is running under his own authority he has to cover his own permits and stuff, but if that owner is leased to a company, say like Swift, that company covers the permits just like the lease op. Sure, the lease op doesn't own his truck outright, but he does have the option of buying it outright at the end of the lease or get a new truck, or just walk away from it. That driver isnt locked in to that particular truck.

 

The one big difference between leasing from a company or from a bank is you can take the truck anywhere you want... If your leasing a truck through a company, most of the time your stuck to that company. Thats a pretty big difference.

 

Are you interested in a 2012 Cascadia, currently has 412K. My lease is up Jan 26. I have ALL the maintenance records in my possession. I'm not gonna benefit from someone taking the truck so I have absolutely nothing to hide. Can tell you all the issues, lifetime MPG, etc.

Just a thought.