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Trucking Lease Purchase Troubles
Driver leasing has become a very popular and lucrative segment of the trucking industry. Leasing is sold to the potential driver as a fast-track to starting a business and making a fortune. Many times referred to as "profit sharing" or "partnerships" the reality usually is very different. As an "Independent" or "Owner Operator" you really do "own" the truck and your business. As a lease operator, the company owns the truck and calls the shots. Items such as governor speed and horse power pertaining to the tractor will be at the discretion of the leasing company or "owner" of the equipment. While there are many drivers who have prospered by leasing, many more have not. Being driven into bankruptcy and tax troubles, many of these drivers failed to do the research involved in starting any business. Independent drivers enjoy a certain freedom and control over their work. They choose the loads they run for the most part, set their own home time, and most important the rates at which they run. Fuel being the most important concern in trucking today, independents can ill afford to run "cheap" freight. Some trucking companies take advantage of lease operators by having them run the heaviest and least profitable loads. When you lease, the biggest costs such as fuel, tires, maintenance, and depreciation become your costs. It is easy to see why these companies push leases so hard. Often resorting to common telemarketing tactics and email spam. As a lessor, the rate of pay stays at one level. While independents can choose loads according to profitability, lease operators cannot. The loads usually being heavier or tougher such as NY city loads. Most truck owners will be paid a premium for tougher loads, lessors will not. These are the most profitable loads for any trucking company, and having a lessor run them is just more gravy. Most often the truck will be older or near the end of it's warranty. Usually this equipment has already been paid off by the company and paid for itself many times over before you ever get in to it. Companies that run student or "rookie" drivers for the most part will have the most abused equipment. It is often necessary to have an independent mechanic do a through inspection before signing anything. Be wary of companies that do not allow this. Remember, as long as you have a company dispatcher controlling your income and picking your loads for you, you are NOT an "Owner Operator" you are just a driver paying to drive someone else truck. Realizing this may save you a lot of headaches in the long haul! Hope this has helped, have a great ride! About the Author My name is Eric and I was a "long haul" truck driver for twelve years before leaving the industry to start my internet businesses. Visit my marketing and motivational blog at THOUGHTSEARCH.COM Ride with Pride!
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Contributor's Note
Ready to get OUT of the truck? Trucking life not at all what you expected or were promised? I left the trucking life and started a home internet business. Built it all from my laptop, and so can you! ZENTRUCKING.COM
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