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O/O or Company Driver?
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       Trucking Forums Message Board, Truck Drivers Forums - Forum Index -> New Truck Drivers Get Help Here
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Whammo



Joined: 02 Apr 2008
Posts: 140

Posted: Wed May 14, 2008 10:45 am    Post subject:  

CrazyTulip wrote: Whammo wrote: CrazyTulip wrote: Leasing: NO. O/O? Yes, if you know what you're doing. You're a newbie so I would suggest driving company for 1-2 years and get to know the industry a little bit, ask questions etc. It's not something you want to jump into without the know-how. You wouldn't open a restaurant without knowing the ins and outs would you? BOL to ya.

I have no intention of leasimg or becoming an owner, I just wanted to know why everyone thinks it is a bad move.

Thanks for the advice anyway though :)
Oh ok, well no problem that's why we're all here. In that case I just think leasing is a dead end street and usually will get you in trouble. There are a few examples out there who are doing ok, but for the most part they don't so I'd stay away from it. We were in it in 2005 and it was the worst thing ever so now I try to warn others away from it.

It seems to me that owning your own rig sounds better than it really is. Even under the best conditions it is a lot of responsibility and pressure. I have nothing against making money, but I rather have the least amount of stress in my life as possible.
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Copperhead



Joined: 27 Oct 2007
Posts: 104
Location: Kellogg, IA

Posted: Fri May 16, 2008 2:48 am    Post subject:  

Well..... Duh! Owning any business is more pressure than just being an employee. But then as an owner, you have more control in how it is set up and run. And, if you do it right, you get more of the rewards.

I never heard of ANY business owner that only worked a '40' hour workweek, even non trucking. Not everyone should own a business and that is ok. Nothing wrong with that. Everyone should live within their own comfort level. Some people are risk takers and some not. But, you can't get the reward without taking some level of risk.

Is there a chance in owning a truck you could go broke? You bet. But then a lot of current millionaires have filed bankruptcy once or more times before they hit on the right recipe for making things work. Some of us just like hanging out over the edge a little. 8)
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