Becoming an owner-operator may be a move that is rewarding expertly and financially. But, as being company owner, you’ve got extra obligations.
You might be accountable for getting gear as well as for running operations. These responsibilities is costly. You will need financing to get your new trucking business rolling unless you have enough capital.
Funding your vehicle
Having your very very first truck is probably your biggest & most expense that is important. Without having a truck, you don’t have a company. There are two main methods that exist a vehicle: buy it with that loan or rent it.
Buying a truck is easy. You make the down-payment that is initial then spend monthly before the truck is yours.
Leasing a vehicle can be just a little more complicated.