This past summer...there were guys hauling produce from farms...potatoes, melons ect ect...guys or men or males or drivers...who owned their own truck, and trailer...who grossed more in one week, from short runs, than I've yet to make all summer... Compare it to a co-effeciant equation...or gears.... Either way, in this industry you will work long thankless hours...either as a company driver or lease or owner.... The difference is...the owner expands the same amount of energy, but is in 10 gear...they will generate more, save more, and thus in the end will be able to get out of it quicker... On the other hand...a company driver is peddling through life in 1st gear...ye 1st gear is good for quick short cuts up short hills....but in the long run first gear won't get you anywhere...one will be peddling in first gear their whole life...legs moving fast...but gaining very little ground... Where as the owner...will have finished the race a lot earlier...still in good health...and able to do other things.... The risk to me, is having to be dependent on a check to check existance for the rest of your healthy life...vs gaining finacial independence for yourself.... None the less...whatever you do, just make sure you have a sound business plan....
I am with Northland now but my first year driving OTR I was with Great west. Both very good insurance companies and easy to deal with.
When you say start up costs for financing a truck, what are you seeing as requirements to get financed as a first time buyer?
At the two car-hauling places I applied at, both told me I was liable for the first $1,000 of damage for every load I was to haul---and I was not going to be an O/O, just a driver.