Considering Landstar as a next step

Discussion in 'Landstar' started by IrreverentCrawfish, Jun 3, 2019.

  1. IrreverentCrawfish

    IrreverentCrawfish Light Load Member

    142
    143
    Jan 31, 2017
    'Merica
    0
    I have been with a mega carrier for the past 18 months now after getting my CDL with them. I started as a company driver and then leased a truck with them. The quality of their lease program is beside the point, but I'll just say that I've done reasonably well. I've learned more than I would have as a company driver about the business side of things and I've made enough money to live pretty well and put a sizeable chunk in the bank. At the end of this year, my lease term will be up, and I'm thinking it would be a good time to purchase a truck from a dealer with traditional financing and lease on to a carrier that's better suited to O/Os than the mega I'm currently with. My single biggest grievance against the company I'm leasing from now is their lack of options when it comes to dispatching/load planning. They send me a load, and all I can say is yes or no. If I turn it down, there's a decent chance that they'll send me a lousy one. There's also no way for me to even see a load board to get an idea of the big picture for rates. That worked fine when I was brand new and didn't know enough to dispatch myself anyway, but I've gotten to the point where I think I could benefit from self dispatch, and landstar seems like a great option. My lease is a rental lease and not a lease purchase, so I will need a truck. I'm leaning towards buying through a dealer with financing, but would be open to Lone Mountain or other similar arrangements. As far as my financial background, I have a high credit score (750+), I should have $40-$60k in the bank by the time I'm ready to go to Landstar, and I have minimal personal expenses (I have no wife, kids, or car payment and crash with a relative when I'm home). Thoughts?
     
    tommymonza Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Chinatown

    Chinatown Road Train Member

    52,573
    93,502
    Aug 28, 2011
    Henderson, NV & Orient
    0
    @Ridgeline may have some meaningful suggestions.
     
    IrreverentCrawfish Thanks this.
  4. flood

    flood Road Train Member

    3,471
    2,555
    Dec 25, 2010
    0
    I love landstar…..
    i'm on my 2nd truck from loan mountain.... my 1st one went 1,397,000 miles (it had 512,000 when I got it) with that said if you have $60k just buy a $45k truck. add $2,000 having it checked out REAL WELL...$2,500 for plates and irs form 2290. that will leave you $10k to cover repairs....
     
  5. IrreverentCrawfish

    IrreverentCrawfish Light Load Member

    142
    143
    Jan 31, 2017
    'Merica
    0
    My only concern about that plan is that if I'm getting a truck that's old enough for me to pay cash for it, I want more than $10k in the bank for repairs. It seems more sensible to me to finance the truck so I can get something that's newer and also not have to wipe out quite as much of my savings.
     
    Dave_in_AZ, tommymonza and RERM Thank this.
  6. INRUT

    INRUT Light Load Member

    245
    478
    Aug 21, 2016
    0
    They send me a load, and all I can say is yes or no. Sounds like you’ve been a company driver for 18months to me. Land star, Mercer, Admiral Merchants, ATS, & the thousand+ mega owner op company recruiters are awaiting your phone call. Good luck !!!
     
    James j, GBL_Trucking and Lite bug Thank this.
  7. IrreverentCrawfish

    IrreverentCrawfish Light Load Member

    142
    143
    Jan 31, 2017
    'Merica
    0
    I don't disagree that my setup has been pretty much identical to company driving. Was that sarcasm when you said good luck with Landstar, Mercer, and ATS? It's very hard to pick up sarcasm on the internet.
     
    frito bandito Thanks this.
  8. flood

    flood Road Train Member

    3,471
    2,555
    Dec 25, 2010
    0
    it's a crap shoot when you buy used...
    my 2006 volvo (it was 5 years old at the time) never had a repair over $4,500 in 7 years
    someone I worked with got a 2 year old volvo from the volvo deal and 2 months later had to put a NEW motor in his because it had a bad block...
    newer doesn't mean better
     
  9. IrreverentCrawfish

    IrreverentCrawfish Light Load Member

    142
    143
    Jan 31, 2017
    'Merica
    0
    What about buying new? On trucks with a DPF, that warranty can be a real help.
     
  10. INRUT

    INRUT Light Load Member

    245
    478
    Aug 21, 2016
    0
    Kinda sarcastic because that seems to be what everyone seems to do. It just kind of gets under my skin that non asset based companies are the biggest players in trucking, but most everyone looks down on company drivers. My personal outlook is either be a company driver or get your own authority. I see it as ( how ever many drivers they have) giving away 10+ percent of there money, which is actually about as much profit as there is to be made. I do wish you good luck though & there seem to be several successful drivers with those companies.
     
    Lite bug and IrreverentCrawfish Thank this.
  11. RERM

    RERM Road Train Member

    1,683
    1,119
    Dec 13, 2012
    Chicago, IL
    0
    You should include Ace Doran in that list.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted