Lease purchase or authority for new owner ops

Good job. This has been a good year for Owner Ops with their own authority to get their confidence up which you clearly have. I wish everyone negotiated like that and I agree you gotta pound the phone and not be discouraged by rejection.

Just be mindful that this year the demand for trucks has been through the roof. It’s not always like this and when things go bad, they will eventually grind you to a pulp or your truck will literally sit idle. You can still get more then most but that’s not going to be what you’ve been getting. That is the trick to making it, getting more then the next guy and saving/running smart.

If you are factoring, you now have no excuse, get off it immediately and build your own funds. If you can’t your either not making what you say or are spending way too much.

Second, if you hadn’t already really start working on how you run and where. Triangles, hopping and skipping, load to truck ratios, etc. When it’s bad the loads fly off so quick you won’t even have any to call on.

Great job though just save up and prepare!

 

I kind of figured you had to have your own trailer to have your own authority. Do you just bobtail around and haul other companies’ trailers from yard to yard or what?

 

Read this... http://rawze.com/book/The First Time Class-8 Lease-Purchase Owner-Op Guide.pdf

I know Rawze... He knows what he speaks of.

 

I use Load Outs, under the Power only section of the DAT board and then run regular VAN loads like normal for 7-10 days until I got to deliver the trailer to its destination. Then I do power only to get me close to another load out. Or I will chain link power only loads until I can't find anything, and jump back to grabbing a load out and hauling freight.

The only thing required is a truck and active insurance to have my authority. Hardest part was getting my apportioned plates, took a week and cost $1600. The down payment on my insurance caught me off guard too at around $3500. Oh, and my IFTA took four weeks to get, after my authority became active. Was fun buying trip permits for every single state I was passing through the first month until my IFTA stickers came in the mail. Keller permits helped immensely. I also bought the PrePass Elite with tolls, and it's been 8 weeks and still waiting for them to ship it. What a joke.

Have had 3 inspections the past 3 months, most I have ever had in my entire driving career. I blame that on PrePass!

Oregon, what a RIP OFF, most expensive trip permit to deliver a load there. $170 to go in and get out. Still debating on just buying the permanent permit dropping $2000 on the bond until they return in it in about a year with good payment history.

And also working on next truck while trying to balance the family life with twin newborns and a five year old, and a needy wife as well at home

 

Stay away from PrePass... Same experience.