Are you a new driver torn between driving for a company or becoming an owner operator? Well, the first thing you should know is that the two differ greatly. With so many wonderful opportunities in the trucking industry, it helps to know what you’re getting into beforehand.
Moreover, becoming an owner operator is expensive. It also takes great courage and faith. It is a huge commitment that you should be prepared for. New trucks can range from $80,000 to $150,000 or more. It’s a big investment, but it also comes with many rewards if this is the path you choose to travel.
Furthermore, when comparing a company driver and an owner operator there are a few factors that come into play. For instance, the company you plan on driving for, your financial status, and the number of hours you plan on working.
So, what are the benefits of becoming a company driver?
- You work for a company, therefore, once you leave the job, you leave it there. Unlike owner operators who must deal with truck maintenance and repairs, and all other responsibilities that come with owning your own truck.
- Furthermore, you can change your mind if you feel like trucking isn’t for you. You wouldn’t have invested an enormous amount of money into a truck like an owner operator would. Therefore, the loss would not be so damaging.
- Additionally, there are a lot more job openings for company drivers due to the shortage of truckers.
- Moreover, there are no start up costs! You will be working for a company, not starting one.
So, then what are the benefits of becoming an owner operator?
- Show me the money! Generally, owner operators will make more money than company drivers. However, keep in mind the overhead expenses owner operators also pay out.
- Additionally, as an owner operator you are the primary decision maker in the trucks and equipment you choose.
- Furthermore, you are your own boss! Therefore, you have way more flexibility in your work schedule.
However, ultimately, the decision is up to you.
So, what’s more advantageous? Becoming a company driver or owner operator? Leave your comments below.