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

Copy is a flimsy white piece of paper. A title is a title and every vehicle has 1 and the person who really owns it (bank if financed) has it. A title is official fancy decoration water mark state seal thick paper and who knows what else.

 

Do you need the copy to get insurance or registration? In Ohio we get an official copy caked a certificate of title, similar to a cheap photo copy but stamped with the state seal so 'legal'. In Florida we get an actual title with the lienholder listed. One exception to that is small trailers under x weight like my boat trailer, the registration is also the proof of ownership.

 

I don't have the title to my car. It's financed.

I never saw the title to my last car either. It got traded for current car.

Don't have the title to my motorcycle either.

 

My experience only. I’m in a lease purchase but through a small leasing co. I started with a brand new truck at a company that also paid cpm like Crete. I ran my butt off and made ok money.

After a year I decided revenue wasn’t good enough and I was wearing my truck out quickly. Difference between me and you, I can take my truck anywhere, so I went to a percentage based company.

The next year I made about the same money but on half the miles. And I took a lot of time off

My oil changes at $500 a pop are cut in half so my maintenance costs are down.

I also took my truck to Freightliner and had ecm parameters set to my liking including setting the governor to what I want.

The leasing company told me it was my truck I could do what I wanted to it.

My point is, you can make it doing what your doing but it’s hard. You have to know your fuel cost. Mine averages .35 cpm and I usually drive fast. Get the free let’s truck app and put in every fuel receipt and it will keep track of it.

Good luck

 

It probably depends on the state. In MI you receive a title to your name with a loan holder name stamped on it somewhere. When you pay the vehicle off, bank sends you a letter stating, that loan has been paid off.

 

That's more or less how it works in NC as well. You get the title, with a lien holder listed. When it's paid off the lien holder sends you a copy of the lien marked "Paid In Full" which you then submit to the State and they issue a new, free and clear title. A bit convoluted but that's the process. Unless you just pay for the vehicle in question outright, then you just get the Title.

 

I'm missing something. Is the point of this who-holds-the-title sidebar to determine if OP is a "real" O/O, or is it to determine how easily he could get his truck out from Crete?

 

BTW I have just read all 26 pages of this thread and it's my favorite one to date. I'm pulling like hell for you, farmer.