Curious about paid off truck and leasing on.

Are there, as I have led to believe at one time companies that required O/O’s to have trucks that are ‘not paid off’? In other words, if you owned at truck ‘free and clear’ you could not sign on with those companies? Aside from the ELD issue.

 

I heard a lot of BS in my life but that's a new one.

 

That’s what I was wondering about, my wife’s cousin, he was ‘power only’ for a company in Wisconsin for years, and years(actually all the drivers were power only), yanked their refers all over the country. We were chatting one day, he was discussing his new truck and I asked what was wrong the ‘old’ one? He said “nothing, XX Freight doesn’t allow any drivers to run with paid off trucks”.

 

Sounds like something to tell the wife because you want a new truck. Lol. “Well the company says I have to…”

 

I'm thinking we need sharks with lasers.

 

Make a deal with the bank for a $1.00 loan with 100 equal installments of $0.01.

 

I could see some of them Chicago 1099 companies doing that...

 

Never heard that, but it was common practice back in the day for an o/o to have to paint their truck in the livery stripes and colors of the company they were leased on with. Thats one reason why many 50 plus year old trucks have a dozen different layers of paint colors chipping off. Lol.

 

International transport comes to mind.

 

Perhaps he means, or is confusing, a requirement that trucks be younger or prior to a certain model year (an attempt at reliability)? I have never heard of a company with a preference about being paid off or not.

I have run across a lot of mistaken or misunderstood claims by drivers. I was frequently told an employer I worked for DID ALLOW PETS even though company policy NEVER allowed pets, I wanted to carry a pet so I monitored pet policy like a hawk. I was told this many times based on random drivers from other companies seeing a pet in our trucks that were contraband or being carried in violation by a team without company knowledge. It is quite something being told by someone that never worked at your company that your company ABSOLUTUELY does do something when you have worked there forever, company policy has never changed, yet the mistaken driver is never less than 300% certain it's true, even if being true might require space aliens and teleportation technology and a Navy SEAL Team 6 escort to be true. "Ok, driver we allow pets. Thanks."