Profile For Philly Fan

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    8 years, 1 month ago

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Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

I appreciate everyones perspective. I was hoping to get a success story mixed in with all the negative aspects. I"ll leave it alone the consensus is its a bad idea.

THanks again everyone Be safe.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

I appreciate your perspective. I was hoping to get a success story mixed in with all the negative aspects. I"ll leave it alone the consensus is its a bad idea.

THanks again everyone.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

I don't think Errol was trying to be inappropriate, we really do not do that here. He was just trying to make his point with a bit of humor.(Lots of that here).

tar ba·by nouninformal

a difficult problem that is only aggravated by attempts to solve it.

Noted.

THanks sir.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

Philly Fan's not sure:

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Not sure why you linked a cartoon. Certainly has nothing to do with what I'm asking about. Actually inappropriate.

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So you didn't watch to the end? Think you won't get caught up in something it's almost impossible to get out of? (Bre'r Fox and Bre'r Bar are just side characters in this fable.)

True Erol I did not watch the end of the cartoon, didn't make it past ten seconds. I do get what you are saying about getting entangled.

Couldn't you structure it with an end date in mind. Prepare a realistic budget and have a reasonable amount of money invested in a truck after a certain amount of say 3 years, that you both could put money down on your own truck. I'm thinking there may be some solid enough accounts like mail, seaports, milk, fuel or the like that you could budget on. Create a limited partnership.

Regards.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

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Thanks. Didn't realize it would be frowned upon. I guess I could un post it.

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No prob. As the thread gets cranking and the discussion gets contentious - the entire thread usually just "disappears".

Rick

So Rick you have been driving for a company for four years you have never "day dreamed" about being independent and how to get there? Your profile says your in training. LOL I guess everyday is a training day for us drivers. Be safe sir.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

Little word of warning o/o and leasing is a taboo on here. I learned the hard way lol.

Thanks. Didn't realize it would be frowned upon. I guess I could un post it.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

While Old School gathers his thoughts, here's mine:

A trucking job produces a livable wage if you drive full time. If you work your 7-on/7-off plan, by definition you'll be making half that. So those in-between gigs need to be pretty good.

There are some companies that offer that schedule, but, again, you're looking to make $15-25k in a year.

Also, the joys of owning your own truck can be discussed somewhere else. Starting out as an Owner/ Operator reminds me of Bre'r Rabbit and the Tar Baby.

Not sure why you linked a cartoon. Certainly has nothing to do with what I'm asking about. Actually inappropriate.

Thanks though for the other advice. So no one has been successful working this type of partnership.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

Thanks old school, just trying to avoid trolls. Reply how ever you wish.

Posted:  7 years, 2 months ago

View Topic:

Co owning a truck forming a partner ship

Hello Drivers,

I am interested in anyone's opinion about co owning a truck. I am not talking about team driving, unless the right load presented itself. I am speaking about driver A drives 7 days Driver B drives 7 days, while driver A/B enjoys home time and possibly has a part time gig to pad the expense account. An escrow account is agreed upon to provide for repairs, and protect each other from worst case scenarios. A rock solid agreement, with everything communicated and considered to be successful. A lawyer would draw it up and kept on retainer of course. A gentlemen's agreement. After a certain amount of time (5 yrs maybe), with enough resource (escrow) the partnership is dissolved so that both drivers could go truly independent with their own (owned bought) trucks. Or the agreement continues if everything is going smoothly and renewed for one/two years extensions.

I live in the Lehigh Valley of Pennsylvania about would be glad to kick this idea around over coffee if you local.

Of course I know this would be difficult but I am sure it has been done. I am not naïve to the risks. I am looking only for positive feedback here, anything is possible type of attitude.

Thanks drivers

Posted:  7 years, 10 months ago

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I been looking a Maverick

Solo he is awake and in the passenger seat the whole time

Auto handles steep inclines in 9th at around 45 mph Patience and hazards help haven't done any monster hills yet

Full condo

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