Everything the members have said already, and....
$100K in the bank to start, minimum. Good down payment or pay for truck. Pay a good portion of insurance(have you priced insurance?). Get truck tinkered and fixed to your liking. A good chunk in the bank for breakdowns. Money to run on for the first couple months.
Poof, 100k, gone.
owner operator requirements
Discussion in 'Ask An Owner Operator' started by clucas92, Sep 21, 2020.
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I'd say when you're hooking up to your first trailer, you should have absolute minimum 25k in the bank.
Dino soar, NightWind, Midwest Trucker and 2 others Thank this. -
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pullem Thanks this.
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clucas92 Thanks this.
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Friend just had a Cat done out of frame, at Cat. $30K...
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Hello,
We've done both, but we own our truck. Leasing on only requires a few dollars in gas $. But, you should have a min of $2k for 2290, fuel, inspection, etc. 10k in case of repairs/emergency.
Having an authority was a whole 'nother story. We had to shut it down due to lack of funds & only running 1 truck. The driver didn't run enough miles to keep the lights on. But I think we only came out of pocket about 7k to run the 1st load. I would suggest 10k minimum (20k to be comfortable) + 3mo operating expenses.
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First thing you should do is use that little magnifiying glass icon and do a search for the eight gazillion posts with that exact same question. You will get all the repetitive answers you'll ever want.
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