The cost of becomming and Owner Operator.

Discussion in 'Ask An Owner Operator' started by TooTiredToTalk, May 4, 2022.

  1. TooTiredToTalk

    TooTiredToTalk Medium Load Member

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    Oh wow! Thank you for your input.
     
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  3. TooTiredToTalk

    TooTiredToTalk Medium Load Member

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  4. GYPSY65

    GYPSY65 Road Train Member

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    Right here my friend
    We got ours on sale tho but a write of is a write off!

    24C9652F-3910-4801-BE36-47E0CD101C3A.jpeg
     
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  5. TooTiredToTalk

    TooTiredToTalk Medium Load Member

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    Lmao! :D:p Hey one of them Benjamin's for that umbrella with the house included would be well worth it!
     
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  6. TooTiredToTalk

    TooTiredToTalk Medium Load Member

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    Nice set up btw :)
     
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  7. bonder45

    bonder45 Road Train Member

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    Extra insurance up to 5,000,000 for certain jobs.
     
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  8. GYPSY65

    GYPSY65 Road Train Member

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    Dang it!!!

    I wasn’t even close!!

    For the record. I did know. We had that term in many other business deals
     
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  9. merv85

    merv85 Light Load Member

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    In the end your friend is more likely to take lease purchase route.
     
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  10. NorthEastTrucker

    NorthEastTrucker Heavy Load Member

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    I'm getting Ready to go O/O fulltime and Incorporated my company in April. After looking for a truck since February and emailing over 35 on Market book (even for a used truck after a while..) no one had any and they were all sold out. I finally went to Peterbilt and was able to establish a new 2023 that should be ready near the end of July (works out for me) only because I have believe on giving my current company notice after over 2 decades there even though they treat me like crap. My credit score is 800 but I still put $5k down. Having savings is a necessity in Trucking especially for Insurance, cargo insurance, fuel (crazy outrageous prices that never seem to be lowering anytime soon) etc. I have an additional $35k in savings for my business budget plus I can cash out some stocks & bond fund in a worse case scenario (additional $40k)..Quick pay payment IMO is a necessity (waiting anymore than 48 hrs becomes a issue when starting off) so..emergency money is needed.
     
    Last edited by a moderator: May 10, 2022
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  11. kay_ray

    kay_ray Medium Load Member

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    You are just starting out and you got a brand new truck in this market with only 5 k down . Why just why ?
     
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