leasing after 1 year?

I'm thinking about getting my own truck too. Everything I have read says never get the truck thru the company your going to lease on with. If you bought your own truck and the company doesn't work you can pick up your ball(truck) and go home. You buy a truck from them, its a 20k up charge. Don't go on with a company that has company drivers. My company, the contractors get the worst loads.

 

Look into the difference between an operational lease and a capital lease, for income tax purposes.

 

I worked for a small company hauling oil around LA, TX, OK, MS and one in GA and three places in AR. We ran like O/O's for him. Meaning we had the responsibility of the trucks while working. You need a hose, you went and got it, if you didn't have a gasket you had to go and get it. Bad oil? You had go to another place to make up for it. Whatever went wrong it was up to you to correct. Only a cell phone. Most places are going to be by the load or %. Which means you need to do the very least amount of loads per day, every day to make money. It wasn't unusual to work from 5 am to 9 pm or later. The lease requires the loads to be picked up because the tanks fill up. Going up and down gravel roads, to undeveloped leases, is very hard on trucks. Expect lots of repairs. Among companies and individual trucking outfits the competition is furious. Results not excuses. If you can't someone else will. I would skip the lease part. Work for a local day job oil outfit for at least a year. Its hot dirty work. But there are many tanker jobs out there. Just don't do crude oil until you learn to really drive a truck and understand the oil business.

 

My last boss is philosophy was "I'll teach you the oil business but I won't teach you to drive. Its too complicated to try to teach both." "If you find a better paying job you better take it cause this is what I'm going to pay no more than that."

 

Miller is a good choice for Baton Rouge, lots of good paying loads in the area... I'm sure everyone pays themselves differently, I have mine set up as business account for the settlement check with a salary check direct deposit to personal account every week... You can get good or bad trucks from any dealer, if you like miller enough you can get a truck from them. Millers truck program is not a lease purchase, it is a straight buy program.