Owner Operators

Discussion in 'Ask An Owner Operator' started by Solo Soul, Sep 14, 2021.

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  1. ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    Because one bad mistake from a loser driver will put a small company out of business. Do you want to risk losing your life savings and possibly more? It's a gamble most aren't willing to take for such a low return of investment. Be sure to come back and tell us about your amazing business plan soon.
     
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  3. NYStarcar

    NYStarcar Light Load Member

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    Don't all the megas already have this program?
     
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  4. GYPSY65

    GYPSY65 Road Train Member

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    This is not a free gift
    It is a low interest loan

    I think there are stipulations as to how you use it but I could be wrong

    But I certainly wouldn’t use it to get rich quick with a driver

    How is it that anyone trying this would have the ability to find that great driver when every other company out here is trying to do the same thing unsuccessfully?

    Not trying to rain on the parade but you really need the perfect scenario for this plan to work but my guess is that the perfect driver would either go to a better place, couldn’t get hired anywhere else, or would use you until he got his own truck
     
    Last edited: Sep 15, 2021
  5. Rubber duck kw

    Rubber duck kw Road Train Member

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    Because it's a government loan, I don't do government loans.
     
  6. jamespmack

    jamespmack Road Train Member

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    Sure you do, or most do. Alot over pay taxes then jump for joy getting their money back with no interest as a refund.

    You might not do this, but a large amount of the general public do.
     
  7. Rubber duck kw

    Rubber duck kw Road Train Member

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    That would be you loaning money to the government, at 0% interest which is real stupid in my opinion. I haven't got a tax return at all for #### 6 or 7 years.
     
  8. GYPSY65

    GYPSY65 Road Train Member

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    Me neither but for many more years

    But wouldn’t that actually be a negative loan?
    Your money would at least earn some interest in a bank so if you over paid and simply got back just that amount it’s 0% plus your bank interest loss
     
    Last edited: Sep 15, 2021
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  9. ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    Remember when you could actually make a decent amount of money from interest bearing savings accounts? Now a savings account is only good for storing your cash at the bank.
     
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  10. Ridgeline

    Ridgeline Road Train Member

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    Actually that isn’t all true.

    the sba guarantees the loan, the lender still does their due diligence.
     
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  11. God prefers Diesels

    God prefers Diesels Road Train Member

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    Great! What's the net?

    Doesn't Uber have their own forums?
     
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