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Owner Operators

Semi Truck Leasing: An Alternative to Owner Operator Jobs

There are bundle of truck drivers jobs available and the trucking companies are trying hard to lure the drivers to get into the trucking business. Looking at the profits in the business, many individuals seems to be dissuaded from the driver jobs and are looking at the option of owner operator jobs. The owner operator job will allow them to own their vehicles and work on the term and conditions they wish to. But the owner operated jobs have their own limitations. Owning a truck requires many formalities like the credit, balances and down payments may not be possible for the drivers who are new in the industry.

With the present perspective, the trucking companies have put forth the alternative of leasing trucks to the drivers who have a dream of owning the trucks. There are many feasible options available for the drivers like easy installments, low down payments and many other facilities pertaining to finances. From the point of view of carriers, it is good for the drivers who are challenged with the start up costs or stuck in some credit situation.

There are a number of truck driver jobs which have been switched on with the leasing of the carriers by the drivers. They can always make use of the trucking load boards to keep their truck moving. It is a short cut to the otherwise seeming difficult path of owning the carrier. Different trucking companies have their own terms and conditions but it is surely a benefit for the drivers. Even they help the driver to get the loads available to be hauled.

There is a lack of financial risks in the leasing operating jobs as compared to the owner operator jobs. The trucking companies don’t give fragile freights to the new drivers. If you have leased the carrier, there is an added advantage of carrying the materials you want to. But there are some questions raised on the leasing process by the trucking companies and many drivers have been cheated. The driver advocacy groups have been formulated to fight for the rights of the drivers who have been victimized in the name of leasing opportunities. Owner operated independent drivers association (OOIDA) has stood for the rights of many such drivers and law petitions have been filed in the court.

The issues which have been in the limelight and filed in the lawsuits are like violating the government rules in leasing papers, inability to return the amount kept as a security while leasing and in some serious cases fraud have also been seen. For most of the drivers, the leasing of trucks has much been like a nightmare and they have lost more rather then earning. The lease contracts are often prepared in such a complex manner that they are meant to benefit the carriers rather than the drivers.

But every coin has two facets and the decision cannot be taken only looking at one perspective. There are some drivers who are doing really well while taking up the leasing of the vehicles. There is no database or statistics available which can show the list of successful or unsuccessful drivers. It is totally the discretion of the drivers the way they want to choose.

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Business Truck Leasing

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