Start Own Authority OR Lease On To Company | Which Is Better⁉️
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- เผยแพร่เมื่อ 9 ก.ค. 2024
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Really great video, I’m not a truck driver but I want to buy my own truck and lease it. To be honest I don’t know where to start. Should I look for driver first before starting leasing the truck or the leasing company will provide me one as well! What would be the option in my favor please need advice and help.
Great video my bro thanx so much. I'm an owner operator been for 4 years now and my experience is and has been leasing on with companies big and small. My thing is you really sometimes have to be wise about some of these companies cause they will hit you with all these fees and if fess are too much, then 20 to 30 percent of ya revenue will go to fee before you see anything. Trust me because these companies know that trucks bring in money so they want to keep you working verses you having flexible and freedom as an lease on Owner operator. Some companies are bad about that. And then there are small companies basically mom and pops where there is basically force dispatch. They tell you it's not when really it is cause they have no one else but their few trucks to run their Frieght because they have to please the costumer. I was with a small mom and pops and I must say I mad good money but was just feed up with running so much and office personal getting upset when wanting to take off or refuse loads at times. Got so bad where my agent/dispatch felt like I was thier company driver with my own truck lol. So 3rd time we fell out so that's why I'm no longer there. Lol And then you have to worry about leasing on with companies that has their own company trucks but lease on Owner operator too. Now thing with this is, I don't know about all but company I was with basically had owner operators clean up what company trucks didn't or gave owner ops runs or broker runs just to try and gain customers. So I done seen quite a bit as a lease on. Also I would like to say to anyone reading this, if leasing on with companies find out if they have direct frieght from costumer's or brokers because that's the highest paying Frieght most of the time. Broker Frieght or random Frieght sometimes is too cheap expecially if they getting their cut off top so yeas..... And I want to get my own authority but just kind of risky with rates being low and wanting to stay closer to home but going to take it day by day too see what happens in this economy. But well wishes to ya my brother thanks again....👍🏾🙏🏾🙏🏾🙏🏾
I just want to say I appreciate everything you said and all of your feedback about your experience with leasing on…I know a little something about leasing on from what I heard from a few friends who has done it and they said everything that you just said…so you are definitely speaking the truth…I would just say if you want to get your own authority just have some money put up for these slow times like this but the rate’s definitely are trash right now
Sir can you tell me details how to get a truck on leace ?
Ty for the exp u shared....needed that perspective
Definitely appreciate what you said sound like to me you lease your truck in the beginning save the money make and then go out on your own and get your own Authority.
Arron earned an iron earned😂 GREAT VIDEO! Appreciate your time, doooode
Thank you. Awesome video. Very good information.
BRUH!! Thanks for putting this out there! Time to “Level Up”!
U taught me alot with these diff examples...because after a long time driving for diff companies...it's time for me to take ut to the nx lvl
I love the way you explain this You're a very good teacher thank you
Saving to buy a truck. This video is very helpful. Thanks to you sir!
You broke this down so professional & raw🔥
Appreciate that brother🫡
Glad I was able to help you and I definitely appreciate you 💪🏾💯
Good video! I think I’m going to start off leasing on to a carrier (Land star) to see how everything works and if I plan on starting my own authority I will do so thanks for the solid information
Thanks SO much for the awesome content & being so detailed
Miracle& blessings to you & yours!!!
💪🏾💯 it’s people like you who keeps pushing me to make these videos…I definitely appreciate you
Thank you, this was super helpful
💪🏾💯
Thanks so much for your knowledge 😊
💪🏾💯
Thanks for taking the time to share this knowledge…..
Never a problem…glad I could help you out
Great advice. Excellent name for your company. Country needs more hard working, smart guys like you.❤
Definitely appreciate you 💪🏾💯
I hear Landstar is the best company to lease on to with all the discounts they have w maintenance tire accounts and also they let you book your own loads from the board and you actually can call the brokers with the loads to get loads that’ isn’t on the board yet once you build a relationship with them and you see what they are all paying so you dispatch yourself
Very helpful thanks bruh!!!
Glad I could help you!
Thanks for this knowledge bro
Never a problem bro 💪🏾💯
Great video bro I’ve learned a lot thanks
Definitely appreciate you
Great video I’ve been looking for something like this where it explains exactly what you would need to be compliant on the road. I just wish you would discuss everything you needed and the renewal process yearly quarterly like the 2290, State permits
Like even if the companies taken care of it this is what is required regardless. Medical card truck inspection. Companies safety responsibilities will need to be changed on a cab Card . I don’t know if I don’t can’t find it but there is no single place that explains all requirements
Cool 😎 man thank you!
No problem 👍
Thank you brodie
No problem
You saved me a Ton Family !!! Thank you !!!
Glad I could help you out 💪🏾💯
Ty much I'm new owner just got my first truck 🚚 so I will see
Level up has the best knowledge u can't find anywhere..u helped with knowledge to start my own company..God bless you 🙏
I definitely appreciate you and I’m glad that I was able to help you Level Up in life 💪🏾💯…keep pushing the sky is the limit
You definitely get a like
Great content 💯
“ LeVeL Up”
💪🏾💯
Appreciate it 🙏🏽 💯 on god
Good video
Thank you
Blessings 🙏
Definitely appreciate you 💪🏾💯
Smart subject 👍. Thanks
Great Content Baby Boy!!! Love It!!! #LevelUp #EverydayAllDay #MomDukes #LevelUpFamily
💪🏾💯
Very well put forth and educational. I would to add one little 2c. Instead of a certain set rate per mile on every load from a mega carrier, most of your smaller companies will do some type of % such as....75...80%...whilest it may he 85 to even as high as 88 or 90% at other places. However...do not be fooled by 90% vs 80% whereas the one with the higher percentage may only have 2 or 2.25 freight/ whilest at the same time the one company with the lower 80% might have 3 dollar. 3.50 or 3.75 type freight....so in that case sometimes 75 or 80% might work out to be more than 88-90% over here. It can be confusing.
Great info
Appreciate you bro 💪🏾💯
Great content
💪🏾💯 definitely appreciate you
Thanks for this knowledge and breakdown. You make life easy for people who are trying to make things happen by themselves. Thumb Up Bro
Definitely appreciate you…that’s the reason I made this channel for…so I could help the next person out because I didn’t have anybody to teach me the step by step process in this industry
@@thelifeofmerckid Great video brotha!
Good info brother - and proud of you too
Very informative! I have a question regarding my authority. I have a us dot, mc and ca numbers but i am leased on to a mega company using their tags. I only had to get bobtail insurance. Now my question is should i deactivate my US Dot and Mc or just let it sit?
Thanks for a good information.
Question i work under another authority but i recently get my plate and registration , so now i have 2 registration what should i do?
Good video brother i am getting my own authority
That’s what I like to hear 💪🏾💯
That authority category needs to be a lil bit longer.
New Sub 👌🏾
💪🏾💯 definitely appreciate you
I owned my own truck but I leased on through American Eagle and that was the absolute worst mistake of my career. I’ll never forget my first week running I made her 5 grand. Once AE took out whatever the Fxxk fees for equipment and a bunch of other Bs I walked away with $748.
😳😳😳 that would have been my last week
Hey Bro how may I contact you ?
Can you run on someone’s authority doing Amazon relay, there’s a 180 day wait to be considered now?
bro can you answer this question for me i dont have a cdl or driveing experience i dont want to drive truck my plan to rent truck from penske or ryder and going and hireing a driver need some advice on how to get this started
I want my own authority. I have mostly everything done except the MC/DOT because I don’t want to be stuck paying the high insurance premium without anyone under my authority, any suggestions? Once I get the MC/DOT, I will have to get insurance within 3 mos, so I will need to have someone under my authority. I’m not wanting to drive anymore, just manage.
Can you work for any of these placing without a CDL? Staying under the weight limit
Have you started to let other to sign into your authority?
What brokers will take on new authorities I’m in Baltimore with a day cab by the way
Great video!!I think if you run your own authority, you may not get paid for 30/60/90 days depending on who you work with. I think that’s an important factor.
You just got to make sure you either have a factoring company or use quick pay but I believe only the major companies use quick pay
@@thelifeofmerckid . Ah ok. Thanks, didn’t know that. Im just in CDL school now so still learning. Thanks bro.
We get paid same day and pay factoring company 1-5 percent. Never ever choose to get paid that long you have expenses.
Okay so I have a 2022 Mercedes high celling sprinter van. Can I lease my van to a company without driving it myself? If so where can I start? Is it a good idea? Please answer.
When Leasing to a smaller company, How would the paying work? for example, a smaller company charges you 10% for using their authority. Do they get paid then they take their cut? Or Do you get paid and you cut them the 10%? And how would they know how much you made if they aren’t booking your loads?
what 'Mega" companies let you use rented sprinter vns and or
also small?
Sure i can pull your load!!! After I deliver it i will tell you how much you owe me, We take cash or Card............. It is no different than when you take a Taxi Cab, the driver drops you off then tells you how much you owe, then you PAY HIM.
Do I need a LLC if I get leased on to a mega company???
You gotta be from baltimore
Sounds like your from Baltimore bro! Lol but great video
Baltimore born and raised 💪🏾💯 definitely appreciate you
@@thelifeofmerckid I heard it loud and clear bro…I’ve been all over and I know those accents. 12 yrs in the game
Yo bro is it possible to start any of this with barley any driving experience? Will the smaller companies trip about it? I got my CDL in 2021 early October. Only experience I have is CDL school, went driving once in a dump truck and passed a driving test for Sysco but had to decline the job due to family issues. With how expensive it is to live in Colorado, I guess having your own business is the only way to get by and save some money. I currently work as a carpenter by contract work, been self employed since high school graduation in 2016 and I’m 24 years old. I’m so used to working for myself that I find it difficult to ever go work for some company by an low hourly rate. What’s your opinion?
Yeah it’s plenty of people that I know or heard about who started there own trucking company right after they got their cdls
Reapply at Sysco. Backing a 24' trailer is good practice before you jump into a 53' and city driving is something you'll definitely be happy you got practice in.
I own a truck and I have my authority started but I'm scared that I won't make the money back fast enough for maintenance whereabouts . What advice do you have for that .
Did you pay cash for your truck or finance? If you don't mind me asking. I'm trying to save for a cash truck but I might have to go ahead and finance it.
Not forced dispatch. They cancel your contract
thanks for the video , bro i just finished school do you think i can have my own authority after 6 months?
Definitely 💪🏾💯
how do i learn what lanes paying what
Watching TH-cam or just asking questions to different truckers but not everybody tells you the honest truth but the only way I learned was to just jump in head first and learn as you go…you will learn quick which areas to go to and which areas to never go back too
Thanks for the video. Very nice 👌.
Quick question: can an investor with a truck lease on to a carrier without necessarily being the driver? Will the carrier provide the driver?
Definitely appreciate you 💪🏾💯 and the answers to your questions are yes and no…you can buy a truck and lease it onto a company without you being the actual driver but you would have to provide your own driver
Check into getting a Driver through Indeed.
Man this was helpful for me very helpful ❤ but I do need to ask , I just brought 2 semi trucks and I have 10000 to invest , I’m looking to hire 2 ppl but don’t know where to start or where to invest all that money into ? I just need more advice on what to do and how much money do I invest in a major company ? Don’t really have men in my family so I’m trying my best to figure all this stuff out on my own
Are you looking to start your own authority or you want to lease the trucks onto a company? And also what type of equipment do you want to haul…you could haul dry vans…refeers…flat beds…tankers…it’s all different things you could jump into
@Brianna see if Indeed can help you with acquiring Drivers...
I'm in the middle of what is the best thing to do start my authority or lease a truck.
All depends on the terms of leasing a truck
What terms should you look for when leasing?
How do you know which companies on the load board will work with you if you only have $75000 insurance?
You won’t know until you call them and try to book a load with them
If you have had your CDL license for less than 2 years you're looking at 19000 to 30000 a year for insurance
Don't be scared tho because it will pay for itself
Exactly 💪🏾💯
So what’s the benefit of leasing on to a smaller company?
Sometimes the small companies are the best companies
Hi, I wanted to know… being leased on to a company, could you do outside loads ? Meaning if you see a post on Facebook or something and you have your own truck are you able to handle the load still ? Or do I need to get my own dot number as well to be able to do that ? I hope you understand what I’m trying to say
Yes you will definitely need to have your own DOT number
@@thelifeofmerckid correct me if I'm wrong, but you can get an agreement between someone like you or other MC that's NOT a Small Company or Major MC to run ANYWHERE, w/ANYONE, ANYTIME?!? The only reason Companies don't "let you run" elsewhere is because they have a vested interest only in their assigned Freight. Whereas you only "care" about atleast getting your percentage for Insurance and possibly Dispatching cut...
Can I keep my MC# and keep it active AND still lease on with a company ? MC# is new
Yes as long as you keep paying your authority insurance then that will keep you MC number active
Same question I had in my head for 6 months. Great video btw!
Thank you, Just the information what I looking for. I bougth a truck, I wanna lease to a company, I can´t be the driver, could you recommend some big companies? if know any company that provide the dirve would be great or where could I find a driver. thanks!
I’m not to for sure if their are companies that provides the driver or not…if you find out please let me know lol because I could use that myself
Indeed
If I lease on with a small company who controls the money ? Do I pay him end of the week or month or do he pays me and deduct the 10% ? I prefer paying my own insurance so my authority can age to 6 months
Most likely they will pay you and deduct there percentage
Is it a good idea to just start off with leasing to a company just to get some cash flowing then switch to your own authority?
Yes definitely…that’s what I would do
Hello do I need to have a CDL license to lease on my truck under another company.i mean if I won't be the one driving
That a answer that I’m not for sure about
Sure, you can buy a truck and hire a contract driver. Alot of guys start out with a couple trucks, soon you have a fleet. You don't need a license to buy any kind of vehicle. You can fly any company flag and book through them, however you wouldn't be able to lease from a company, as in a company truck as a non driver, like swift.
If you don't mind me asking what was your revenue within your first year ?
$250k gross but $90 after all expenses
Sup man I was just looking at some trucks today and went to get a insurance quote from biberk and they wroted me for 4600 a month I wonder tell I do something wrong?
4600 a month is definitely on the high side. Did they say why they were charging so much? Progressive gave me 2500 a month starting out
@@thelifeofmerckid no they never told me why it was over the phone call. Progressive told me since I’m in California they can’t give me a quote with out having my dot for 1 year.
Trying to find a option where I can be owner op n have no experience on paper?
Is it possible to be owner op and have my own authority n I can still get loads?
Yes it’s definitely possible but it will definitely be a tough task because a lot of brokers won’t work with you until your at least 90 days in your authority
@Andrew if you Lease onto you're Buddy's MC who has been established for more than 90 days then that will work too. Do that for 6 - 9 months then leave...
gotta be from bmore
Born and raised
4500 down? With who please do tell...I'm leased on to small company and few steps away from full Independence bro.😁
Progressive was the only insurance company that would take me from the very beginning
@@thelifeofmerckidsame thing my friend advise
I have my own authority and equipment but can’t seem to get hang on finding good paying loads in Dallas local driver. Any suggestions?
It’s just how the industry is going right now…there are some good paying loads out there but they don’t come everyday…and also some big time companies are winning because they have contracts but if your like me…one truck and trying to find a load on the load board everyday…it’s tough because most brokers want to work with people who have several trucks instead of calling a how bunch of people who only have 1 truck…it’s easier for them to get there loads covered
@@thelifeofmerckid Thank you
Shouldn't you know before you buy a truck?
You can always plan but sometimes things might not go the way that you want it to go
I have a question? I just failed my pre employment today. If I wanted to become a owner operator lease on do they still check my clearing house? Will it be hard for me to lease on as a new driver? What would you recommend? Thank you in advance
Yes they will still check your clearinghouse and it all depends on it being hard to lease on as a new driver because some places have different requirements…only thing you can do is just be straight up front with them and tell them about it