Currently leased but wondering g if it's even fair.

Currently leased to a friend, I know big mistake. I pay 10%, my own fuel, repairs (sometimes they help with labor no money though as we are all handy), insurance, and they bought a trailer before I was ready and I agreed to make the payments. I make the trailer payment every month about 650. But in my honest opinion feel that 10% is a little much being that I pay for everything already. Yes, I do have my dot and mc just never got the insurance. I just never wanted to start a business again and when they found out how workman's comp was i just screw it I'll help get you off the ground. Now a year later we are still treading the same water. I have plans of putting a driver in a truck but hesitant as they may try charge the same 10%. So asking you guys if I am just being to naive or?

 

Sorry never got an email saying there was replies. I posted a new thread similar to this one. Sorry.

No I'm not buying the trailer as they said rent.
They do not supply any insurance.

 

I fi

I find my own loads and pay my quick pay. But even then it can be 7-10 business days before being paid. Factored loads are the same way

 

Sorry didn't see any of this. The trailer fees are rentals. No they do not pay insurance. I find my own loads. Sontimes I use a dispatcher but it's rare

 

Yea we've been using the option when it's available. If we wait it is always 30+ days out before getting paid