I want to rent a semi so i can drive under my own authority

Renting a truck ? you most likely not make any money pulling broker loads. unless your established and get some really good paying stuff.

 

on 1oooo miles a month u will pay 6000 bucks a month for rent 78000 a year .

 

Is this a serious post?

 

if you go and rent like this then you deserve a slap in the face with your paychecks, dont do something so retarded
Even leasing with a company you have a better chance and pay less than that

lets say you get $1.30cpm based on your experience etc, well .22 now is gone just for the renting plus the $950

lets say your truck averages 8mpg so cost of fuel at lets say $3.90 average per gallon would run you $0.48/mile

so now your down to $0.60cpm after that

now to factor in that payment, at 60cpm you would need to run 1583 miles just to break even, if your lucky you might be able to broker yourself 2k miles a week so $1200-$950= $250 weekly check

yes I know these numbers are not 100%, was just to get a point across to this dude. I didnt even factor in maintenance cost unless thats part of that expensive 22cpm

 

Are you reading your own post? 950/week plus milage.... you're going to have to start giving them IOU's dont be crazy

 

My math says $3,150 on 10K a month plus insurance....Christ I don't even think that Prime or England screws anyone that bad.

 

why not take out a loan and buy a semi. You can buy one for less then that a month

 

If you plan on running your own authority you will also need to buy or rent a trailer. I really don't see how you can turn a profit when you rent a truck for such a high rate and then still need to rent or purchase a trailer. I have rented a truck before to complete my responsibilities on loads that I had committed on when a truck broke down. I probably broke even and I got a better rate than you posted. Unless you can afford to buy or lease a truck on your own, you would be much better off and likely earn more money as a company driver. It costs a lot of money to get started as an owner operator. It also costs a lot to stay in business. I hate to see people fail in this business, but with what you will pay out and your lack of experience, based upon your profile information, you are setting yourself up for failure. Most class 8 rental companies don't rent trucks to individuals. If you can rent one, you will likely need to put up a cash deposit. I believe the last time I rented a truck that I was told I would need to put up a $5,000 deposit if I didn't have a corporation and good credit. If you rent a trailer you may also need to put up a deposit. Then you have the down payment for your insurance and running money until you start to get paid on loads. If you have never tried to book loads then you will have a learning curve.

 

OK here is the thing, you need to learn the right way of saying this. In order for you to do this, you need to lease a truck - not rent one. Rental is a short term expensive way of getting it done, a lease on the other hand is a long term commitment that gives you some more control over what you are doing. Most places that 'rent' trucks will not allow you to service the public or haul freight in it but there are exceptions.

That said, I would first learn the business and then get your plan together to understand what you are looking at and how to make money.