need help leasing to an established carrier

Discussion in 'Ask An Owner Operator' started by backhoeguy, Feb 27, 2017.

  1. backhoeguy

    backhoeguy Bobtail Member

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    Feb 27, 2017
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    I have a 1 ton truck and 32 ft gooseneck that are registered in my name that I'm planning on leasing to my friends company. Will I need to change my registration or anything else (besides the obvious cmv inspection)?
     
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  3. strollinruss

    strollinruss Road Train Member

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    Your friend should be able to answer all these questions or I wouldn't hitch my wagon to that mule. I'm not just trying to be funny. Make sure he knows all these regulations and so forth. You will need to get on his apportioned tag account or you'll have to deal with all the IFTA stuff yourself.
     
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  4. DL550CAT

    DL550CAT Road Train Member

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    Nope. Registered in your name is fine. As long as the plates are "big" enough your good to go there. You have to provide unladen (deadhead) and collision insurance. When your under dispatch the liability and cargo ins is on them.
     
  5. backhoeguy

    backhoeguy Bobtail Member

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    Feb 27, 2017
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  6. backhoeguy

    backhoeguy Bobtail Member

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    Feb 27, 2017
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    his dad just passed away and left him the company, he knows the day to day stuff but leasing trucks is new to him
     
  7. backhoeguy

    backhoeguy Bobtail Member

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    Feb 27, 2017
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  8. Ridgeline

    Ridgeline Road Train Member

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    Then maybe he needs to get a lawyer and legal advice to do this right. Otherwise it can become a nightmare for you.
     
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