Becoming an owner-operator may be a move that is rewarding skillfully and financially. But, as being company owner, you’ve got extra obligations.
You will be accountable for getting gear as well as running operations. These obligations could be costly. Until you have sufficient capital, you will require funding to have the new trucking company rolling.
Funding your vehicle
Getting the very very first truck is probably your biggest and a lot of expense that is important. With out a vehicle, you don’t have a small business. There are 2 methods that you could get a vehicle: buy it with that loan or rent it.
Buying a truck is easy. You will be making the initial down-payment and then spend month-to-month before the truck is yours.