Talk me out of it

DONT be a dumb ###. you know nothing of this business. it will chew u up and spit you out. 3/4 of the experienced people cant make it as owner operators. go read pharmphail's thread, he thought he vould too. made every stupid rookie mistake possible and invented a few more. so much for that college degree he thought so highly of.

you school sound like one huge peramid scam

 

Sharecropper. In exchange for room and board and a little bit of money.

I would run away from this but it sounds like you are already their. Let us now how it works out but I would not by a truck from them. Get your CDL and training and pass on buying a truck. In my personal opinion you need to have some trucking experience and learn the business before buying one.

 

ok..... I agree with Medicine man ...... I'm not saying you can't do it.... but there's alot to it and if your straight out of school I just don't think you have enough experience in it.....its just one of those things its best to learn while gettin paid things....then make a decision...and yes it does sound alittle fishy and I'm new to this business...... If its what you want get a few years in and see how it all works first then check around for the best deal or way to get into it....

 

How about some facts?
School name and location?
Recent graduates?
Past graduates? (who aren't related to the current instructors/owners)
Where is the freight coming from and what does it pay?
What does the purchase contract look like?

inquiring minds and all that...

 

You know nothing about the toughest business to succeed in that there is. You know nothing about class 8 CMVs, yet you are being led into the purchase of something that could be a total disaster.

Get your CDL, and run from this shyster outfit as fast as you can! Find a carrier that will bring you on as a company driver, and figure this trucking stuff out before you tie a semi to your neck and jump into the deep end.

 

Red flags everywhere. You are working two weeks for free, you are going with another O/O for a couple of months, for probably slave wages. Next, you are going to buy the truck you are training in. What is happening to the O/O that is driving that truck now? Why is he selling it? If he is making so much money, why does he need to take on a trainee to make engs meet.

If you know nothing about mechanics or trucks, you are one breakdown away from loosing everything you own. Many mechanics can't even fix these new complicated trucks. How many hours of paying $120.00 per hour, while someone tries to figure out what is wrong, and then not fixing the problem, can you afford.

There needs to be a lot more information on this arrangement, but from what I see, run. This is also a very bad time of year. Rates are going down, and freight will be slow until spring, maybe longer if things get wrose with the economy. There will be spurts here and there as companies have to restock every now and then, but I see no steady climb in freight for at least 6=8 months, and that is being optimistic.

People look at spurts in freight, and think things are getting better. But, everything wears out eventually, and has to be replaced. Those spurts are just replacing what had to be purchased. WalMart even had a decline in sales this quarter of almost 2% in US stores open more than a year.

 

Yeah, they have a specialty, alright. Put new O/O's on the road and then take the truck back when they fail and do it to another poor hopeful.

There's so many red flags there, I'm not even sure I've seen them all in the same place. They have O/O's that buy trucks, train new drivers/potential truck buyers (really, victims), and then SELL that truck after a couple of months? WTF? Really? Who are these O/O's that buy a new truck every few months to sell to another trainee? Who gets to take the hit on the depreciation? My guess is everybody but the company. Work free for two weeks? Don't think so. Learn the ropes in a couple of months? You may learn how to tie yourself a noose. That's about all you're going to learn about them ropes. Don't do it.

If you think you are agonizing now.........wait until you buy a truck! Don't do it!!

Yes. Or any company that has some sort of scheme to sell you a truck before you've been properly trained to drive. NO, a few months isn't enough!! Don't do it.

It is for the company. They're going to transfer all the costs of the truck right to you. They'll pay nothing. You'll have worked for free, bought a used truck from them, that they'll likely, very likely, get back and sell again. They'll get their freight hauled by someone working for free, and paying the expenses. More like a nightmare for you. NEVER buy/lease a truck from the ones who decide what you're going to do with it. Don't do it.

Not without experience. Not in a truck purchase, training, and working for free scheme. Not when the evidence shows that people who get wrapped up in this type of scam fail FAR more than they succeed. Don't do it.



I'm with the others. DON'T DO IT!! Too many red flags. Too much history of this being a disaster for too many. Too many inconsistencies in the plan. Are you already tied up with them in a situation where you have to work for them to pay for your training? Are they going to try to PUSH you, relentlessly, into truck ownership. The word ownership is used very loosely here.

You may be able to make owning a truck work, but you need experience and the chance to decide what you will do with your truck where. This ain't it. Without knowing all the details, I think most anybody who's ever bought truck parts and maintained a truck will tell you NO. With the info you've provided, there isn't much that could make this better, or even close to a deal where most experienced O/O's would go anywhere near it. DON'T DO IT.

I don't think I'd even want to be associated with the company. You already know they'll screw you if they have a chance.

 

why do people insist on coming on here and asking quesons when they already have the answers? I'll never understand.


no offense but you are being a moron and that last post proves it. Failing in trucking is probably 75% gauranteed with experience. It will ruin your life when you are bankrupt, in debt and loose the truck..