🚚Purchase a truck from a midsize company and work for them as an owner operator.
💰Avoid predatory lease programs and opt for seller financing.
🔒Ensure that the purchase agreement is not a lease agreement, giving you full ownership of the truck.
🔄Use the support and resources of the company to maintain and fix the truck.
💼Consider expanding your fleet and working with other carriers for more opportunities.
What is the best way to become an owner operator?
—The best way is to purchase a truck from a midsize company and work for them. This provides the support you need and ensures a smoother transition into owner operator status.
Should I consider lease programs?
—It is advisable to avoid lease programs, especially predatory ones. Opt for seller financing instead, which gives you full ownership of the truck.
How long does it take to become an owner operator using this method?
—The timeline can vary, but it typically takes around a year to get hired by a company and secure financing for the truck. The process may require some experience and qualifications.
What are the advantages of owning the truck?
—Owning the truck gives you more control and flexibility. You can choose your own routes, negotiate better rates, and build equity over time.
Can I expand my fleet and work with other carriers?
—Yes, once you have established yourself as an owner operator, you can consider expanding your fleet and partnering with other carriers for more opportunities. This allows for growth and increased earning potential.
00:01Introduction to becoming an owner operator and the benefits of this career path.
01:20Explanation of how to purchase a truck from a midsize company and work for them as an owner operator.
03:58Advice on avoiding predatory lease programs and opting for seller financing.
04:47Discussion on the benefits of owning the truck and receiving support from the company.
06:47Insights on expanding your fleet and working with other carriers for more opportunities.
