questions about a job

Doubt you'll be able to get an extended warranty on a truck 15 years old. If you do, it will be quite expensive. There's more involved than just fuel. You have to eat and your truck will need some attention from time to time, aside from the things that pop-up during your pre-trip like oil, etc.

If you are buying or lease purchasing this truck from the company, you need to include the payment as an obvious expense. Also, what are they paying as far as permits, plates, insurance etc? Your trailer or theirs? Trailer rental fee and/or maintenance needs to be addressed if it's their trailer. I assume you'll be running under their authority.

My best suggestion is to get EVERYTHING down to dollars and cents. Do they have an escrow account for repairs? Is it required that you participate? Who will do all the bookkeeping and reporting and filing? As you can see, LOTS of unanswered questions. Get the answers and make an educated decision. Good luck and keep us posted!

 

A lot of company drivers make over $1,000 a week and don't have truck payments . Will you have a cash reserve to cover repairs ?

 

wow you dont have a cash reserve and want to buy an older truck and run cheap and dont have a clue to what is required by the company ? Right now your working in a job at 60 hours a week and only making 500. You had better stay in my opinion cause your not gonna do much better from the sounds of it. An owner operator for the most part buys to become independant and make cash and get as many miles as you can and get home.

On a brighter note if you continue with this venture, You will learn real fast the ropes of being an owner and become successful, Good luck

 

I know you see a lot of landstar post on here try and read thru them and make a wise decision. I was a bco from 1996-2003 with them and on the average I gross 125,000 miles per year to the truck paid. at an average of 1.48 mile thats includeing dead head. But being the dummy that I was I gave up the biz to take a job in manufacturing biz as a plant manager. And turn around and got a dui and now kinda bumbed about the idea of a short term retirment from the biz

 

If you have to borrow to have a emergency fund, you are not only a fool but a #### fool. That is a total receipt for failure. You need to cut your expenses to the bone and save as much and as fast as you can, then and only then look at going O/O.
You may think this is a good opportunity, and it may be, but not for you at this stage of your financial situation.

If you do go this route, better ask a lot of questions, write everything down, figure all expenses, both real and projected, and get some face to face advice from more then one O/O.

Good Luck