Taking the plunge. My journey as an O/O.

Do you think it's more convenient for Crete to have you log in as an employee, or do you think they're wanting to treat you like an employee without the tax and benefit expenses?

 

I do wish you well!

It's true, everyone's path is not the same.

The guy I used to work for, driving and in the office, really didn't want anything to do with trucking, even though his grandfather & dad worked their way into running a trucking business in a round about way.

He's never even driven a commercial truck and doesn't even have a cdl. Yet, his father wanted to retire and asked him to buy the business almost 20 years ago. He did and now has a 150 truck fleet and is VERY wealthy.

His path into the trucking industry was very unique indeed.

I do aplogize if I came off as critical.

However, after witnessing several guys, who lease operated under the same guy's authority, crash and burn business wise, I get real edgy when it comes to folks wading into the pool, especially at $1.30 +/- a mile.

The biggest reason they do crash and burn is because they overestimate the amount of revenue they'll bring in and secondly, they underestimate the cost of repairs and downtime.

Once they get behind the 8 ball, they can't spin the squirrel cage fast enough at cheap rates to ever catch up.

However, there is some comfort in knowing one can always go back to company driving though

 

It's the people defining company policy who I would be questioning.

The latest person I know who is still trying to finish out their lease program just spent almost a month down from a failed oil pump. If the company would have been on the ball with the recall campaign, this wouldn't have been an issue. For being an "owner", you would think someone would have advised them that "their" truck needed to get into the shop for that.

This is also another reason why I would suggest getting a small generator setup instead of an APU. If you decide that you're done early, you don't get to take your toys and go home. If you bought your truck from an outside source it would be a different story. About the only saving grace of a lease program is that they're pretty easy to just walk away from. Investing further into it will make it that much harder to do if you come to that road.

 

I cant even figure out if this is an owner operator or a lease purchase. I thought he said he put 12k down, which indicates normal financing, but in other posts he makes comments like the payment coming out of his settlement like a lease purchase.

 

I do wish you the best......

 

Do you have a copy of the title with your name on it listing the bank as a lienholder? If not...