Sorting Out Some Of The Details For Lease Ownership in Trucking

Trucking Business Startup Plans To Become A  Company Driver    Lease Operator    Operating Authority

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This is a very general cash outlay for the proposition of buying or Leasing your truck and leasing to lease on with a company. Remember, it may take a little more sacrifice but you should buy or lease your truck out side the company. More on the dangers of leasing from a company further down.

2000.00   Down Payment
1700.00   IRP  International Registration Plan
500.00    Fuel
10.00      Scale bobtail
10.00      IFTA Application and sticker
40.00      License Registration State
300.00    Primary Liability and Bobtail
300.00    Misc. e.g. other permits and application trucking equipment and services.

4860.00   or roughly 5000.00 This is about what I had when I got my first truck, you can
                  find good   financing out there that will work with this if your credit is decent

Now you may ask yourself how can I get 5,000.00 dollars, Well here I offer this plan, it may not work for everybody but it's doable:

5000.000 divided by 12 month = 416 a month you need to sav for one year.

416 divided by four weeks is 104.00 a week

104.00 divided by .30 cpm is 347 miles

In short, one short run a week or the equivalent thereof can get you in the business in one year.

Now here's an interesting question, how many years you been driving?  Ah, got cha didn't I, oh yeah, I got some of ya.

I even got my self, because I was driving a year and a half and I didn't have it, I had to sell my travel trailer to to get the money, but who knows maybe you got something you can sell too.

One of the first things you'll want to concern yourself with as Leasing on is what are my responsibilities at the Lease level, How and if I can accomplish that and more importantly can I earn an amount which will make it worth my time and expense to do it.
Here are a few things to consider when looking at leasing on at taking that first big step to ownership and responsibility and hopefully the rewards of ownership. I'll encourage you not to move through the ranks of trucking for the mere folly of feeling like you're in control. If your endeavor is not firmly grounded in a progressive attitude of learning and growing and a willingness to expect the income you deserve for the responsibility you take on, you are hurting yourself and others. Why do I say others, because it is because those that  won't stand up for what they should and ought to expect that drives the expectation of the market down for what we should be making. I hope that came out right, but quite simply if you don't expect to get paid what you're worth neither will anyone else. Be sur e to check out the Leasing On With a company Page, it has some very helpful information that will help you avoid a few of the pit fall of Leasing, Also the General Pay for Leasing has some additional information that is even better. I wrote it last so I think I had really gotten on a roll on that page, it's good stuff for you to know.
II Unit responsibility: This includes the previous responsibilities of the load and bears the total responsibility of the Power unit, i.e. “the truck” not only is he financially responsible for maintenance, upkeep and ownership of the unit, he is responsible for any tax consequences and insurance requirements for the unit and the general financial responsibility for the motoring public. In some cases he is responsible for finding loads and coordinating them with his backhaul department. In other cases he is expected to choose all of his loads from the available loads provided on a company website.

Lease on stage: here’s where you learn the responsibilities of truck ownership, like what in the world is bobtail and physical liability insurance and so forth. When I realized I could get my own loads, I didn’t think much of it, and the first load I got on my own I was scared to death, I mean I was terrified, even though the broker had ripped me wide open and so completely on the rate, I was just hoping I said everything right and hoping he’d forgive me if I didn’t. Obviously I had a very long way to go, also at this stage I learned the business side of trucking on an introductory level, I also began to negotiate on my loads.

I learned a lot about positioning the truck, and things like service areas, backhauls, and dead zones. Still more importantly I learned about pricing, truck expense and income verses the level of responsibility, state laws and permits, especially Oregon and New Mexico, IFTA, and KYU, and unfortunately, I learn to get tickets, since now the idea of a governor was blown to pieces. Probably more than all those things I learn to negotiate my rate, and I determined to be the best of the best. This is where I started getting a feel for how to use market knowledge to get what I needed instead of what others thought I needed. I’ll deal with more on that later.