What are the pros and cons of being a Owner Operator ?
Page 1 of 2
You have to have a love for it. Because you will be married to it you just can't come into the yard park it and go home. I have been one since I was 23 and wouldn't want to drive a company truck less I had to. It is a love hate relationship in a way. O' I forgot you get to handle a lot more money but a lot more money comes and goes.
Till you have some experience and a solid understanding of the business end as well as the driving side...There are no "pros".
Once you have some experience and knowledge, It can be VERY rewarding! But it'll always be hard work, lots of hours and a business that you have to be paying attention to...Always!
You can never take your eye off the game or it can get ahead of you very quickly!
If you're buying a truck because:
You don't want to be governed.
You don't want forced dispatch.
You want to make more than .26 a mile.
You want a cool truck.
You don't want anyone telling you what to do.
or any of the other completely stupid reasons that I hear constantly from people that have no business buying a truck...Don't buy a truck!
The best thing is owning the truck when it is in your driveway !! The worst thing is owning the truck when it is in the shop !!!
The best thing is owning the truck when you want to go home !!! The worst thing is owning the truck when you want to go home but the payment is due and you don't have the money for it !!!
My cousin told me this before i bought mine and it couldnt be more true.....
If you like trucks and like messing with them or just really have a passion for them get 1....
If you want 1 to get rich or make a good bit of money look elsewhere....
Dont get me wrong...ive had a rough (pretty #### rough) 1st year but i still enjoy and
am glad i bought the truck...i just like them.....
something to think about...
drove for a month clutch went out...
drove another 2 weeks water pump went out
drove a week and turbo went out....
turbo went out it thrashed my air cooler bought 1 of them
about a month later needed 8 drive tires....
about a month later needed steer tires.....
radiator started leaking bad it needed replaceing
drove truck for 4 months didnt do anything but change oil normal maintnance thinking everything is going good had me a good nest egg built up had a load going to oklahoma city pull a steep hill notice oil burning smell pull over oil is everywhere and smoke....gaulded #5 piston overhauled engine and the year still isnt up.....
im still glad i bought the truck tho....its still makeing me a living ive paid all bills on time
and havent really done without we have kinda tightened up a bit around the house but
havent went without....my wife takes care of our kids for a living so only income is truck....
ive had around $32-33k in repairs to truck my 1st year thats not counting the 2 trailers
ive bought and had to put a few tires on them as well.....
If this wouldnt put you in the crazy house go for it but if it sounds like a nitemare...well it has been a nitemare
but im still glad i did it....if someone complients the truck....its mine i dont tell them yea
my boss keeps these trucks up pretty good.....and i enjoy the weekends in the shop tinkering
My dad bought a truck with 500k miles more on it and hasnt spent maybe $5k in repairs
other than normal maintnance....so you just never know...guess its luck of the draw on buying
Page 1 of 2