This website uses cookies to ensure you have the best experience. Learn more

From Driver To Owner: A Comedy Of Trials

1044 words - 5 pages

There may come a time in a long haul trucker's life where he wants to leave the the simplicity of being a company driver, and to enter the exciting world of being an independent contractor. While a company employed driver is assured his miles and loads, pay and benefits, an independent contractor is his own business entity, whether incorporated as a Limited Liability Company, or doing business under his own name (Kostas, 2012). The first step in him becoming an independent contractor, in this case, is procuring commercial equipment adequate to his needs. This in and of itself is a difficult step, an obstacle to financial freedom, as attaining the necessary equipment can be a daunting task. Whether he decides to locate a lender, buy from a “lemon lot”, lease equipment, or lease to own, he may find it difficult to proceed successfully.

A common method for a driver to acquire his first truck is through a loan through a private lending organization, like a bank or an investment institution which helps to underwrite small businesses (Jacobson, 2008). The upside to this is that the equipment is paid for in full, so the seller is satisfied, and the purchaser needs only make his monthly payments on time. The downside to this is that lenders charge interest, and based on the borrower's credit rating, it may be prohibitively high, or require additional collateral or a cosigner. Additionally, due to the risk involved in lending for this sort of equipment, many smaller lending bodies may not actually lend for the purchase of a commercial vehicle.

Another method for him to attain his needed equipment is to find a “lemon lot”, commonly referred to as a “buy here/pay here” dealer (Jacobson, 2008). The upside to this method is that it may be easier to actually be given credit by the dealer, as many of them offer in-house financing options. Many do not check the borrower's credit. For these establishments, this is the best way to offer their product, as they earn based on both profits from the sale and the interest they charge for the credit they extend. The downside, however, is that these establishments, much like a used car lot, tend to offer older, well-worn equipment. Much of their stock may have mechanical deficiencies. With the driver responsible for the mechanical maintenance and upkeep on his equipment, this may ultimately become cost-prohibitive over time, leaving him with difficulty in making his payments, be they weekly or monthly. Additionally, due to the in-house financing option, the interest may be very high, or the down payment required might be beyond what the driver is capable of producing.

Some drivers prefer to simply rent their equipment. Leasing equipment might be a good option for a driver, when he has no money saved for a down payment (Barabas, n.d.). Leasing equipment can be done directly through a major carrier, if it offers a program, or through a third party leasing company. Participating in a lease program is a decent way for...

Find Another Essay On From Driver to Owner: A Comedy of Trials

Characteristics Of A Comedy Essay

1203 words - 5 pages Characteristics of Comedy There are many characteristics that make up a comedy. Characteristics such as mistaken identity, battle of the sexes, and jumping to conclusions are what set the comedic story apart from the tragedy. Within a comedy, no matter how much fault, and dismay may appear within the story, there always seems to be the classic ending of “…and they all lived happily ever after…” Comedies capture the viewer with a sense of

How to Become a Professional Racing Driver

1067 words - 4 pages that weights over 60 pounds. c. The demands from a driver’s leg are no less with the driver having to step on the break pedal with a force of over 200 pounds. d. Thus it is essential that the driver’s muscles be perfectly toned with hours and hours of exercises. 2. The second element of physical health and fitness is nutrition and diet. a. With a race season spanning an entire year, it is essential that the driver remains in top notch

How To Become A Less Aggressive Driver

821 words - 3 pages aggressive driver. First, driving aggressively is not healthy for you. Second, you ended up saving your life and getting the place you want to go safely. Third, when you are aggressive, you put yourself, passenger and everyone around you in extreme danger. When you are an aggressive driver, your blood pressure goes up, your grip on the wheel tightens, your eyes are strained, and your thoughts are spinning out of control. You would feel a lot worst

The Trials of Christ from His Arrest to His Death on the Cross

2188 words - 9 pages The Trials of Christ from His Arrest to His Death on the Cross Introduction Jesus was in Jerusalem because he was trying to fulfill the prophesy that the Messiah would die and rise again in three days. Jesus entered Jerusalem on a donkey. As they proceeded into Jerusalem many people spread their cloaks on the road, while others spread palms they had cut in the fields. Those who followed shouted, "Hosanna

My Grandfather: The Story of a Cab Driver

1311 words - 6 pages across the street from a grocery store. He told me that it was a favorite location of his to eat at considering that the owner of the restaurant was a friend of his (,the owner is now deceased for years now due to heath complications he had suffered). Family historical issues from back before I was born have always been an issue that my Grandfather sways away from discussing due to his sensitivity to how he was back then, so when I asked him for how

Urban Population Dynamics as a Social Driver of Land Fragmentation

2178 words - 9 pages 3.2 Urban population dynamics Between 1990 and 2000, total population of the American West region increased from 52,786,082 to 63,197,932, which is 19.7% increment and it was the fastest among all four regions in the country (Perry and Mackun 2001). It is also a reflection of the population growth trend continued in the post-World War II period characterized by rapid growth of several Southwestern metropolitan cities. These “magnet” cities

Outsourcing of Clinical Trials to Developing Countries

1913 words - 8 pages operations or business process to an external service provider.” For instance, 20 largest United States (“U.S.”) based companies are now conducting one third of their clinical trials outside the U.S. According to a report from the inspector general of Department of Health and Human Services (“DHHS”) the number of clinical trials conducted at foreign sites has increased to 6,485 in 2008 from 271 trials in 1990. This trend suggests that the

A Summary of the Salem Witch Trials

1269 words - 6 pages be incalculable…It had been a wise and human provision designed to keep the faithful in control even when, as had long ago become the case, they were heavily outnumbered by lesser men without the Covenant (Marion, 1969). Bibliography Blumberg, J. (2007, October 24). A Brief History of the Salem Witch Trials. Smithsonian Retrieved from

The Trials of Becoming a Hero

1190 words - 5 pages The Trials of Becoming a HeroHero worship has existed in this world since the beginning of time, from the Jews honoring Moses, to the Germans honoring Adolf Hitler. Becoming a hero is a very difficult thing to accomplish. One must be successful in gaining the reverence of one's peers while at the same time not developing to big of an ego. Two examples of men trying to become heroes are Prince Henry and Dr. Faustus. Both, in their respective

A chapter-to-chapter study summary of Aristophanes' Greek comedy "Lysistrata", exploring the aspects of the 'Tragic Cycle'

1542 words - 6 pages the Acropolis, from there, using pots of fire to 'smoke' them away.They fail in their attempt as a result of the Athenian women putting out the fires with the jugs of water they brought, also covering the men in water too.Scene - Athenian magistrate, Chorus and LysistrataThe Magistrate's view on women is typically 'Athenian male' at the time: Athenian men at the time saw women as the inferior sex, who didn't have any civilian rights - there place

It is the Owner of a Dog that Makes it Dangerous

1357 words - 5 pages master to come home. I became Shorty’s owner when she was about three years old. She was raised by my oldest son, with affection, but she became too much for him to care for after he suffered an injury. From the time of my son’s accident and just before she came to live with me, she was taken care of by others and suffered from neglect. As a result, she is apprehensive about strangers, so I monitor her behavior at all times. One can imagine that

Similar Essays

This Essay Is In The Point Of View From A Business Owner That Wants To Improve His Employee Statis

776 words - 3 pages make decisions.Employee authority would work best in a decentralization organization. Decision making authority would be delegated to various levels of management.This would free up the owners time to require more contracts for the company. It will also show that the owner have full confident that there employees are able to carry out responsibility. The purpose of decentralization is to make a company more responsive to it environment by breaking

"Comedy Of Errors": A Tragedy That Leads To A Comedy

2241 words - 9 pages from this comedy to a tragedy might have been the relationship between Antipholus of Syracuse and Luciana, since this passage, full of erotic connotation, could have been extracted perfectly from Romeo and Juliet:Antipholus of Syracuse: Sweet mistress-what your name is else I know not,Nor by what wonder you do hit of mine,-Less in your knowledge and your grace you show notThan our earth's wonder, more than earth divine.Teach me, dear creature

The Job Design Of A Restaurant Owner

2301 words - 9 pages she is a suitable candidate to become a successful restaurant owner. In most of the psychology studies, it asserts that money remains the most significant motivational strategy for any occupations (Akintoye, 2000). However, for entrepreneurs, they get motivation from day to day challenges. They have to respond to inconstant situations from all the time. Mastery challenges are said to promote intrinsic motivation of nurturing perceptions of

The Benefits Of Becoming A Pet Owner

2591 words - 11 pages .” While it is true that they provide much joy and solace they can still carry varieties of worms, tick, flees, as well as diseases and viruses such as salmonella, tuberculosis, anthrax, west Nile, and rabies. A pet owner will have a lot of contact with their pet and although the owner may be clean and hygienic their met may not be. A dog for example may find an animal carcass and it try to eat it. This animal could have died from a variety of diseases