New O/O leasing onto another company, what steps?

Not sure on order. But I would shop around. Check with agents that insure semi trucks. You may have to have insurance before you can license plate the truck, mayby you are using a company plate? Besides you may even save some money. Northland is a pretty good insurance company. Checked Progressive one time but didn't purchase from them.

 

You only need bobtail insurance. It's like 5 bucks. The dealership may give it to you with temp plates that r good for 60 days. As far as you base plates and permits and permanent insurance goes. The carrier will do all that when you go to orientation.

 

Yep, I think Iride is correct. I bought my truck in Texas from a dealer and bobtailed it home to Tennessee. They gave me a drive out and I had to make several calls between them (the dealer), my insurance agent and the local courthouse before I was legal to roll. It was a cluster. Even with an experienced salesmen he wasn't familiar with the process for my state. Then you've got the company you lease to added in to the mix. I would start with them and the dealer and see who needs to get what to who.

 

I will give some advise. Shop around I have One truck, three trailers and a spare truck under my own authority for less than that. Second buy your own plates! One it will be cheaper in the long run, Two if they cancel lease or you quit you have plates to move. Its sucks putting the cash out, but having your own plates gives your assurance to move when a business relationship fails. I used to lease to. Allways owned my plates. I operate on little kids sand box rule! If i dont like whats going on, I will take my truck and go home! Not here to make a million friends, Here to make a million bucks! Maybe thats why Im independent now! lol

 

OK, maybe I shouldn't but I have to fight against this - you should have asked questions long before you even considered buying a truck. With people even prepared to buy one and get on the road, they have a 65% of failure within the first year. With people who are not prepared and haven't asked basic questions, that number gets pushed up to 85% of failure.

Before you bought the truck, you should have at least three to four months of operating expenses saved up and money put aside for your personal bills.

The one thing that the dealer should have done for you for free is give you a DOT inspection.

 

I would think the outfit you are leasing on with would give you a copy of the signed lease. Or at least be able to walk you through all of the steps required. I guess I've been doing this to long... Get your lease, call around and get quotes on insurance, that seems a bit high, $7,000. Buy your own plate, you are looking at around $2,000. Pay your 2290, $550, you will need the paid 2290 to be plated along with proof of insurance.

When you get the truck home, get your mechanic clothes on and get underneath it and start poking and prodding. Check the Electrical Cabling, start at the battery box and work your way to the motor. Check all of the grounds too. You are looking for exposed copper, lose connections, etc. If you find any exposed, replace that cable, as odds are it is green and shot. Check the wiring harnesses, look for anything rubbing, or hanging lose, buy some zip ties.

Inspect the brakes, axles, brake chambers, air lines to the brake chambers, etc. Then check all of your zerk fittings, make sure they are there and take grease, in the front end, the transmission, the drive line, Carrier Bearing, the slack adjusters, fifth wheel, etc. Do not depend on your dealer to do this, because they don't care. They have your money and now you are on your own.

If this truck sat for any period of time it will more than likely have lot rot. It could take months to work the bugs out. Buy tools and be ready for anything. Welcome to ownership.

 

Have you talked to Progressive Commercial? They beat OOIDA hands down. My insurance is less than 6K per year and that's running under my authority with a million liability, cargo of 50K and physical damage on truck and trailer (brand new) It pays to shop. How much is the company going to charge you for their insurance?