Update

Well ... let's look at the red flags.

This is from his original thread ...

No CDL but he is willing to give it a try, you know and others know I view this as a profession, so should I go to a hospital and ask to try out being a brain surgeon?

That's a joke guys ...

So this is from this thread.

To me that's a cheap owner, he doesn't have a truck, the owner does so the owner isn't doing any favors here.

Maybe his best bet is to go apply to other companies that can train him right, give him a year or so on the road and then move into this as an owner after five years - yeah I know five sounds a lot but that's should be the minimal.

He doesn't know anything about the industry, if he did, he would know what's what.

I don't know how knowledge can be outdated, trucks have not changed in 50 years.

What I am concern about is the same thing I tell other potential owners, do you have the money to maintain it, and keep it reliable?

This causes me to asked a lot of questions about the contract he will have, not those of the company.

I mean he is leasing to the company and there has to be a contract involved or he gets screwed.

Then it raises the question about insurance, a new cdl holder is expensive and who pays for that?

Surely the company won't take the hit unless they have a cheap insurance company, right?

Then we have issues about responsibilities, settlements and so on.

I don't get this one, sorry OP but if I was offered a "free" truck with just the cost of fixing it up, I would grab it, put $20k into it and make it reliable as all hell.

Who cares about the ride, it is a truck that can be used but then I ask about what's a fair amount per mile to him?

I'm guessing that it will be about a buck or buck and two bits per mile.

an owner should be getting $2 a mile, at least no matter who is driving, rookie or wookie.

I know I sound harsh, the OP most likely tell me off like he did others in the other thread but I don't want him to get screwed over like I've seen others get screwed with similar "deals" of family friends.

 

And that right there is why I quoted you. A detailed breakdown that makes nothing but sense. I always enjoy reading opinions and knowledge of those that have been doing this far longer than me. Even though I was skeptical of the deal, you broke it down in a way I hadn't thought of which is appreciated.