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Becoming an Owner Operator- The Good, Bad u0026 The Ugly | (Lease vs Finance, Dealers, Lease-Purchase)

Frames Becoming an Owner Operator- The Good, Bad u0026 The Ugly | (Lease vs Finance, Dealers, Lease-Purchase)

Description Becoming an Owner Operator- The Good, Bad u0026 The Ugly | (Lease vs Finance, Dealers, Lease-Purchase)

Comments Becoming an Owner Operator- The Good, Bad u0026 The Ugly | (Lease vs Finance, Dealers, Lease-Purchase)

the biggest downer of Trucking as an OO is the cost of repairs with all the EPA BS! they will break you faster than anything! Comment from : james

Just curious where are these good lease purchase programs? Comment from : Keith

Good analysis except you forgot the elephant in tge room The TAXES thats right! Big chunk of the rest goes there Comment from : AllthingsAside

do u have any routs running to california? Comment from : juan beltran

Do not get into trucking unless it's family business or you have direct contact Pure thieves and headaches Comment from : lion heart

What if you have a down payment of 10-20 however you have bad credit? Comment from : TheBlackSheep92

The soothing music in this video calms the inevitable and terrifying realities of all these deals Comment from : 614x2

Great channel keep up the transparency I don't have good credit If I'm able can I put a larger down payment for your lease operator program? so I can own the truck sooner Comment from : Lance Schofield

Thank you for the help!!! Comment from : Fake Account

I’ve been driving 2 years for a company now An I just Tripped on this video, what are your thoughts on financing a 10 percent down truck while still working for a company… Just let the truck you are financing sit till you pay it off as a company driver Any thoughts? Comment from : Troy

Is getting a used truck not a good option? Id feel more comfortable out right buying a $30k-$40k truck and can easily make my money back while not being in debt Comment from : Nikosakii

Is there a leasing only, not leasing to own Is leasing only a down fall path? Comment from : YeebDub Channel

this video is very helpfull and honest im an owner operator and this 2022 has been ridiculos rates are paying half what they did in 2020 and 2021 and fuel and other expenses almost triple cant turn a profit the last 6 months Comment from : jose rodriguez

Understand your personal circumstancesresearchchoose your journeyAnd Do it to it!!! Comment from : Anthony Thurman

no no no liar Comment from : BEATRICE CROFT

not true Comment from : BEATRICE CROFT

u not a driver Comment from : BEATRICE CROFT

Another valuable video!!! Thank you!!! Comment from : Roberto Villalon

nothing , just drive as company driver and you will make just slightly less than OO and have much peaceful life making an extra 10k15k / year as OO is just not worth the hassle Comment from : Prime Artifacts

What if I buy a used truck in full cash? Comment from : Jonny Z

👍👍👍 Comment from : Bernardino Urcia

I'm a truck driver in Nigeria with 25 years experience, I want to migrate to America or Canada,is it possible? Comment from : Uchenna Igwilo

Plci trucking loan offer has really helped a lot of trucking companies both starter and existence companies at very low rate of 2 ROI, Anyone can apply for a loan link on my bio for details Comment from : Miss tRUCKINGLoans

Good video I hope you touch on leasing from a leasing company ( not a trucking company with inhouse financing ) Comment from : risbert risbert

Lease purchase is a scam typically Comment from : manbearpig

Really appreciate you doing this video Very helpful Comment from : TIMOTHY SAIS

My man!!This videoooo!!Wow, No BS, Straight to the point exactly as it is! Thank you for answering many many of my questions without asking you! Great job Comment from : Rocafort Querido

Good Job Thanks! Comment from : Sidney Pires

Summary : br[ Financing ]-" keep up w/ maintenance & keep up with payments brbr[ Leasing ]: WORST option too many cons & slave to a carrierbrbr[ BUYING ]: all expenses are out of your pocket Comment from : c_note336

Can you lease a truck at a dealership not a carrier lease for X amount of years and change it out in a few years like people do cars? Comment from : Tiffany Laws

How come the videos never get to the point, and stop bullshitting Amazing that sound just like financing a car! Comment from : Darryk

I bought a 2006 freight liner Columbia in 2017 for $20,000 cash, had 497,000 miles on it Put 20k into it the first year and about 10k/year after Been making 25-40k/month since as well Have 3-4 trucks now grossing $1,000,000/year now! Comment from : Carlos Calhoun

A financing company cannot take anything from you that you didn't put up as collateral Comment from : TheSfoil

I've been driving for over 20 years I've never seen anyone blow a motor I'm sure it happens, but it's rare Moral of the story kids Don't start a business when your broke, and have been a loser all your life and now you have bad credit The longer you save taking care of your money, and building assets the more likely you will be able to buy outright The risk will be lower Why anyone would start a business upside down, your just asking to be taken advantage of There are a lot of jobs out there Go do that till you can afford to be an O/O, and do it right the first time Leasing on to a company as an owner operator is an oxy moron You drive a truck that you don't own That you have all the responsibility for While working for a company that you are, in all but the name an EMPLOYEE! If you are a company driver making 4k 5k a month (which is a good wage) and your expenses are 4k 5k? You have no business starting a businessSTOP and reassess yourself Comment from : Maximus Miles

Thanks for the info…it was straight forward no bullshit Comment from : Kas

My friends father bought two used trucks for under 50k …one had replace/new enginemakes over 20k after expenses…my question is…where can we find used trucks that are so damn cheap even if they’re only gonna last few months Comment from : Kas

It’s not necessary to buy a new truck by going to these greedy people work around switching companies save some good money and buy a used truck and hook up preloaded trailers until your buy your own trailer easy and independent Comment from : Said Ali

Hi,brbrCan you please provide a contact email, i have a question with regards the accountant service you would recommend here in Canada for new owner operators? Comment from : Tom

Hi there, Ronan suggested this Truck finance company it’s called Priority Lending However one their representative replayed to my email, also called his name is Ryan Singh, he gave me 20 percent interest rate with my good credit history He is a scammer to say the least Comment from : Gashaw Mekibib

Great information &, channel The background music is super distracting Comment from : Austin Craig

Iam only looking to lease from a dealership business credit Ya man , your truck broke down what you coming to pick it up My has been driving for 10 yrs on her birthday she made 3 payments title in hand Comment from : Jaja Jaja

Owesome advice !!! Thank you !!! You’re doing a great job with all these explanations!!!! God bless you !!!! Comment from : Joselias 1 Minaya nina

Mr You are the best person in this industry, I'm from Bolivia, some day I'll want to for your company Thank for all your videos and al the real I information God bless you Comment from : Vismar garcia

Thank you for information Comment from : Mia And milly

Your doing a great job and a much needed service to the trucking industry It's nice to see real men step up and give the facts and practical help that many require Comment from : Calder Enterprises Inc

Best trucking channel so farthank you ! Comment from : FRANCIS DEASIS

iStevens Transport does something like this, once the truck you are lease purchasing which happens to be brand new with Stevens Transport, hits 500,000 miles they will not allow your paid off truck that has 500,000 miles to pull any of their loads, you have to start the lease purchase over again with a newer truck; so you either have to find another company that will except your truck with 500,000 miles or lease purchase a newer truck/i Comment from :  𝑻 𝑨 𝑪 𝑻 𝑰 𝑪 𝑨 𝑳 𝑻 𝑹 𝑼 𝑪 𝑲 𝑬 𝑹®️

Thks for this video! I have learned alot Comment from : Baba Gambo

I’m saving up to buy a brand new kw and pay for that and all the start up costs outright It’s a monumental cost of $250k to $300k (usd), but it puts me in the best position for success I’m a single guy with minimal bills and making good money on a dedicated account, so I think I’m in the most ideal position to make it happen Comment from : tyler beyl

Good stuff bother thanks Comment from : omkar sran

I like driving job Comment from : Alen Johnson

Thank you Am debating on lease Needed the information Comment from : Michael Chason

I’ve seen many of the numbers on these lease operators plans $900 a week to lease the truck than itemizing insurance and all those things separately mean they are making a killing on the truck In many cases they are “meh” grade A 100k truck would be $1500 a month or so after tax @ 6 years Need to have a savings plan tho with doing this Your saving $1400 a month Put it on the side for expenses and keeping the vehicle up brbrbrOn a side note and my opinion which will get bashed I think the volvos are some of the better owner operators options The fuel savings alone from many of the vehicles can be huge and I’ve seen videos of a mirror camera system coming on the new trucks We can only hope this system will record Big deal for insurance costs Comment from : Radzer0

If you lease a truck, and it breaks down is me or the leasing company responsible for repairs? Comment from : Fine Life

Lol, welcome to Stevens Transport, where you pay us $3000 a month plus tire usage and equipment usage fees per month for a truck while you lease from us! Comment from : Austen Sipes

When I start driving Semi trucks I'm gonna buy a Brand new Peterbilt full cash at the Dealership and become my own boss The best advice is to gain that full 5 years experience and really know how the the Trucking industry works, once you have at least 5-10 years experience you can get a job with so many companies Comment from : Static_Tricolor_Camry

THANKS!!! Very helpful Comment from : Tería Williams

I wanted to trade Bitcoin but got confused by the fluctuations in price Comment from : Vincent Brittany

Stocks are good but crypto is more profitable Comment from : Johnny Kayla

Despite all the economic crisis this is the right time to start up an investment Comment from : Sharon Donald

Bitcoin is the future investing in it now is the wisest thing to do now especially with the current rise Comment from : Randy Marie

Negative guy Comment from : Lunardo Zamzam

Cheap company, cheap freight, cheap pay! Comment from : Nick Prick

Anyword on the lease at AFC transportation flatbed out of Chicago? Saying $3k a week on there lease 1 dollar buy out Comment from : Paul Thompson

Hi Comment from : Waseem Pasha

Paid $15k for my 98 FLD 120 Put in another $10 Been trucking 5yrs with very few issues I am not going$170k in dept, that's madness I don't know why he didnt give cheap used truck as an option Or used gliders Comment from : Vic Mansa Musa

So glad I came across this channel My husband is a truck driver (a year in the industry) and he is pushing hard to become an owner operator I am not experienced in this industry but I am happy to learn all I can to help him succeed Comment from : Nasira

The big fish always eat the little fish everyday every year since the world began, the big fish eat the little fish Tough work as a owner operator these days, getting regulated out Comment from : David Lucero

What about leasing directly from the company ie volvo Comment from : Darnell Tatum

Interest rates are so low, it wouldn't usually make sense to buy something outright compared to financing Comment from : createachanneltopost

Never take on these lease scam programs Stay on as a company driver and save up until you can buy your own truck Comment from : 604h22a

Damn sounds like lawsuits left an right with some of those deals too bad they you make sign papers first 😂😂 great information though Comment from : Michael T Lays

Sorry for annoying you but share some link for recruitment Comment from : arpit mishra

Had three brothers all graduated trucking school together worked as company drivers for 4 years pooled there money and bought a bran new Ken-worth and ran as a three man team with one home a week as the others on the road They bought a SUV and would keep the truck on the road and they would drive and meet the truck where ever it was Comment from : Christopher Staats

Its nice to see someone taking the time to help the driver Thank you! Comment from : imnotmelvin3

thank you very much for doing these types of importand valuable vedios loves your vedio a lot i am from srilanka Comment from : Chandra Ranawaka

If you buy or lease DON'T waist money on Trucker stuff You don't need fluffy balls in the mirror You don't need a 2-3000$ stereo You don't need 2 8 inch exhaust Stag's or Chrome bling brbrHave seen alot of truckdrivers go broke because the got there truck custom painted and airbrushed Trigged put the cabin and so on All that money could be safed for the day the truck breaks down Comment from : Ketil Lund Sørensen

Please make a video about hazmat tankers & ODC PULLER truck driver jobs , salarymore details Comment from : prraful gavande

Never lease from a carrier, that just makes you their bitch Comment from : matdur2000

Bán xe đầu kéo cascadia giá rẻ bao nhiều ? Comment from : Anh thi kim

thank you i appreciate your recommendation Comment from : Yony Polanco

There's no such thing as a successful leasing contract It's simple Buy your truck and be your own Boss Comment from : Orion D

Facts Comment from : Jnenski

Thank You! Comment from : StizzallTruckin LLC

I really enjoyed this video, and although I am not a Truck driver, I do enjoy it the savvy analysisbrI am looking into possible getting my CDL, hence why I am watching this videobrbrIf you could please reply to this message , and give some rules of thumbs, DOS and don't, pros and cons for someone who is thinking about becoming a Truck DriverbrbrFor a fresh driver, is it better to work for a company or become an owner operator right away?brbrWhat kind of truck or engine is recommended for a new driver?brbrDoes a new CDL Driver only need the tractor/bob tail to hail the loads or does he need full tractor and trailer?brbrMileage pay vs percentage pay?brWhat's better? And does the driver actually have a choice in picking which one?brbrCDL TRAINING SCHOOL vs on the job training with a trucking company?brWhich is better?brbrDoes the type of truck type make difference on how big or how little you get paid? Example, flat bed, Refrigerator truck, or dry cargo truck?brbrWhat territory or regions are better for new drivers with zero experience?brExample, I am from TN Should I go to far away regions starting out or stay within my region?brbrList companies for OTR drivers? brHow do I get another load from a different city on the way back? brThe platform or biddings for loadsbrbrSorry for all the questions, but I am really curious, and need all the information I can get my hands on, before I even start Comment from : Shadow Man

He ready to pop off lol Comment from : Darnell 747

Great advise Am looking forward to being a trucker Comment from : job wachira

I went to talk to this company and all he said was ;'if your not willing to run very hard', which at the time meant falsifying logs dont bother Change of tune with e-logs now! Comment from : This is my Trucking Life AKA Bart

Damn I stay watching your vids brother, thank you for all the free game Comment from : FBGMONK

Great info! Comment from : Marshee

Another con to leasing some companies will force your hand to buy out your truck, or try to force you into a newer one had this happen to my brother, told the company to go to hell and bought out the truck, and coming from the states where limiters aren't a requirement, that same company wanted to put a limiter and inward camera in his truck he had 90 paid off Comment from : Cowboy 145

Good advice, just remember whatever you are buying or leasing, have a plan I never had any idea why any body would lease a truck thru a carrier, if you go to a dealership and buy or lease the truck goes with you If you lease from swift when you leave your iron stays Comment from : Bruce Leonard

Hi Ronald, I'm a long distance truck driver could you please find me a job over there I'm in Kenya thanks Comment from : Sankey1

Im buying my truck in cash 169k I already pre ordered it through kentworth I got a lawsuit settlement and decided to invest in a truck Comment from : Victor n

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