Leasing on an owner operator

Discussion in 'Ask An Owner Operator' started by Dino soar, Feb 9, 2023.

  1. NYStarcar

    NYStarcar Light Load Member

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    In a van down by the river
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  3. Dino soar

    Dino soar Road Train Member

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    At this point I think I would prefer to do that along with someone running under my authority.

    Not that I anticipate problems, and I guess maybe that's part of the point of the thread is to try to pre-think things to avoid problems preemptively to the extent that's possible, but if I did have a problem I think if he works under my MC I have more leverage against him than someone that just takes the trailer, plus I also would make money on the percentage.

    I would have to figure how often he has to swing by so the trailer can be inspected, now that you have me thinking of it.

    I remember years ago there was somewhere I worked and we rented a trailer from I think it was extra lease. That guy checked every Nick and scrape and scratch everywhere on that trailer.

    I suppose I could do something similar, albeit much less anal and more easy going.

    It's good to have simple systems in place to keep everyone accountable and on the same page.
     
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  4. Dino soar

    Dino soar Road Train Member

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    That was pretty good!

    I would be in the 10% to 15%. Let them self dispatch.
     
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  5. Ridgeline

    Ridgeline Road Train Member

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    15% minimal.

    He pays the insurance if he is under yours.

    He gets his own plates.

    Be careful about self-dispatching thing, you can get burned if you don't setup the contract carefully.

    Get a lawyer to set the contract.
     
  6. Dino soar

    Dino soar Road Train Member

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    Can you please elaborate further on that?

    It is not something I have heard before.
     
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  7. OscarGoldman

    OscarGoldman Light Load Member

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    Winner winner chicken dinner on having a attorney draw the contract up.

    I charge 25 percent that includes everything.

     
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  8. Dino soar

    Dino soar Road Train Member

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    How about a fuel card and his tag?
     
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  9. OscarGoldman

    OscarGoldman Light Load Member

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    I provide a fuel card and app plate.
     
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  10. Dino soar

    Dino soar Road Train Member

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    How about anybody including the trailer?

    What percentage with the trailer?

    Or is that a percentage with the authority and a monthly cost for the trailer?
     
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  11. wichris

    wichris Road Train Member

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    87% with their trailer. 77% my trailer. Cover the cargo & liability. ELD cost/month. Plate program. Fuel card. National accounts. File IFTA. Pay same day paperwork turned in.
     
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