Many truckers dream about owning their own rig. There’s loads of perks for owner operators if you manage your business wisely.
- But, there’s loads of responsibilities that go along with owning your own truck – truck payments, fuel costs, replacing equipment, escalating truck expenses, insurance rates, maintenance(which takes money and time) and sometimes struggling to be paid by a carrier or a customer.
- If you decide at some point that you’re not satisfied with the deal you’ve made with a carrier, it’s not just a simple matter of leaving a carrier you’ve leased on with, and signing on with another. Chances are you are under a stringent contractual agreement and the company has a hefty hold-back fund of yours.
- It’s expensive to jump from carrier to carrier as an owner operator.