The trucking industry is complex especially for those who attempt to become a lease operator before they are totally ready. Although many new drivers may have the desire to own their own rig and run their own company, having that dream and being successful takes experience and knowledge of the many parts of the industry that impact income, especially when the state of the economy is taken into consideration. Knowledge of how to run a business is a key to success.
Starting a company often begins with leasing a truck, which is much cheaper than buying one and hoping you can find work. Contracts associated with leasing often include high-interest balloon payments, questionably legal documentation that is confusing, and individuals that have developed scams that result in money pouring into the company and out of the driver’s pocket. The one exception found was JCT, which is an Oklahoma-based company.
JCT leases only to experienced drivers. Leases are set for 5 years after which time the truck is purchased for $1. At this point drivers decide whether they want to continue driving the same truck, trading it in for a new lease, or purchasing a new rig. By keeping the original truck, a driver can save between $600 and $900 per week.
It’s not uncommon for new drivers to become obsessed with owning their own company one day. Unfortunately, it’s all too common for drivers to hear about deals that are too good to be true and they usually are. Research is very important at the beginning stages to determine if this is an option that is viable for you. There are many facets of the business that need to be considered prior to making this kind of commitment.
Even with JCT, however, expensive travel is required. The amount of money a driver can make in a lease program is directly related to meeting the milestones set by the company. For those associated with this company, or any other, they can expect to spend years in the program when skills at business ownership are developed. It should be remembered that in order to be successful, an individual must be social, not mind asking questions, and be willing to market themselves which manufactures that require transport services.
The best way to begin is with an established company with a good reputation, like JCT. With their guidance an individual will learn the ropes, develop skills needed to become independent, and make the connections necessary to ensure that driving time is filled with work. This can be very difficult when the economy takes the downturn. It creates a surplus in drivers resulting in hiring freezes and more difficulty finding work. It’s also important that once connected with a company, no less than two years be spent establishing a positive work history. As a driver, once you learn the ropes, starting your own company is the next logical step, but make sure you do your homework before you make such a big move.