Truck drivers make as much as $77,000 annually, and that’s not the only reason to get into this field! There are plenty of reasons to love being a trucker. For starters, you get to see the country and experience all sorts of different scenery.
You’re also your own boss, which means you can make your schedule. Plus, there’s a great sense of community among truckers. You’ll meet lots of new people and make some lifelong friends. And let’s not forget the financial benefits! So how do you get started, and do you need your own truck? Here’s everything you need to know.
How Do You Get into the Trucking Business?
There are a few different ways to get into the trucking business. You can start your own trucking company, lease a truck from a company, or buy your own truck.
If you’re thinking about starting your own company, it’s important to do your research first. You’ll need to find out what kind of insurance you need, get your business license, and find good trucking software to help you keep track of your business.
Leasing a truck is a great option if you’re not ready to commit to buying your own truck. You can lease a truck from a company and then sublease it to other drivers. This is a great way to get started in the business without a lot of upfront costs.
Buying your own truck is the most expensive option, but it also gives you the most freedom. You can choose your own loads and make your own schedule. If you’re serious about being a trucker, this is the best option.
No matter which route you choose, it’s important to get the proper training. You’ll need to get a commercial driver’s license (CDL) and learn how to operate a tractor-trailer. You can find CDL training at your local trucking school or through a company that offers it.
What Are the Benefits of Owning Your Own Truck?
There are plenty of benefits to owning your own truck. Let’s look at those now.
For starters, you’re your own boss. This means you can make your own schedule and choose your own loads. You’re also in control of your income, which means you can make as much or as little as you want.
Save on Taxes
Another benefit of owning your own truck is that you can take advantage of tax deductions. If you own your truck, you can deduct the cost of repairs and maintenance, fuel, and other business-related expenses.
For example, if you spend $100 on gas each week, that’s $400 over a month. That adds up to $4,800 over a year. And that’s just for fuel! If you factor in things like repairs and maintenance, the savings can add up. So if you’re looking to save some money come tax time, owning your truck is a great way to do it.
Get Discounts on Loads
When you own your own truck, you can get discounts on loads. This is because companies are willing to pay less for a load if they don’t have to pay for the truck. This means more money in your pocket!
Build Your Own Business
Finally, owning your own truck gives you the opportunity to build your own business. You can hire other drivers to work for you or lease your truck to other companies. This is a great way to grow your business and make more money.
Lease To Own Options
If you’re not ready or able to buy your own truck outright, you can always lease to own. This is a great option if you’re not sure if you want to commit to owning a truck or don’t have the resources available to do so.
With a lease-to-own program, you make payments on the truck until it’s paid off. Then, you own it! This option gives you the freedom to own your own truck without the upfront costs. With this option, you can start your trucking business sooner as an owner-operator.
What Is an Owner-operator in Trucking?
An owner-operator is an independent truck driver who operates their own business by owning their own truck. This means that they are responsible for all aspects of their business, from finding and hauling loads to maintaining their equipment and managing their finances. Owner-operators work with a carrier or broker to find loads to transport, but they are not employees of the carrier.
This gives them a lot of freedom and flexibility in how they run their business. There are many advantages to being an owner-operator. First of all, you’re your own boss! You’ll have a lot more control over your work life than if you were working for someone else.
Owning your own business can be very profitable. If you’re smart about how you run things, you can make a good living as an owner-operator. Being an owner-operator gives you a great sense of pride and accomplishment.
Choose Who You Work With
When you’re self-employed as an owner-operator, you get to choose who you work with. If you don’t like the way a certain company does business, you can find another one. There are plenty of trucking companies out there, so it’s easy to find one that fits your needs.
And if you ever have a problem with a client, you can simply choose not to work with them again. That’s the beauty of being your own boss! You’re in control of who you work with, so you can always be sure that you’re working with people who you like and respect.
Truckers are In Short Supply
The trucking industry is amid a driver shortage. This means that there are more jobs available than there are drivers to fill them. And that’s good news for you!
If you’re looking for a stable career with plenty of opportunity for growth, becoming a trucker is a great option. There are plenty of jobs available, and the demand for drivers is going to increase.
So if you’re looking for a career that’s in high demand, it’s definitely time to own a truck so you can hit the road. Get started with our lease-to-own options here.