new owner op questions

Discussion in 'Lease Purchase Trucking Forum' started by slim1977, Jul 30, 2016.

Jul 30, 2016 #1

slim1977 Bobtail Member

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Jul 30, 2016

0

is lease to own a good option versus being just a sub contractor?

slim1977, Jul 30, 2016

slim1977, Jul 30, 2016

#1
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Jul 30, 2016 #2

Wickedfire77 Road Train Member

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Mar 3, 2013

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Define sub contractor.
Basically a 1099 employee ? Or do you pay for fuel and the cost of the truck without the end result of owning it ?

Wickedfire77, Jul 30, 2016

Wickedfire77, Jul 30, 2016

#2
Jul 30, 2016 #3

Wickedfire77 Road Train Member

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Mar 3, 2013

Northern, Michigan

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It all comes down to what you want for your situation. If you are new to the industry, I say nay nay to both. Go be a company driver for a while first.
If your goal is truck ownership, then a lease option can (not always) be a way to see that.
This day and age, maybe it would be best to be with a mega as a company driver and just build that 401k

Wickedfire77, Jul 30, 2016

Wickedfire77, Jul 30, 2016

#3