Profile For NICOLE S.

Good morning. New here and not very familiar with trucking. My son (28) lives in Ohio and has his own semi and trailer. He has been driving semis for good while.....about six or seven years but this is his first year being an owner-operator. He works A LOT. He hustles and is able to get his own work and stay busy. He's struggling financially just starting out. He started on with someone who cheated him out of a lot of money and then repairs that took forever on the truck and he was out of work for two months. Needless to say his credit took a giant hit. The semi is financed with a ridiculous payment (2,300/mo) and the trailer is leased through Mac (1,800/mo). The lease is coming to an end and he is going to purchase a trailer. Lender had the idea to put truck and trailer into one payment and he would be saving about $3,000 monthly. That's where mama comes in. It's all going to be in my name and he is "leasing" it back from me. I trust him to make payments, etc. That isn't at all my concern. I'm just wondering, other than financial liability for the payments should he not make them , what else should I be concerned about? Insurance will be on him, in his name. I've made sure he gets life insurance should something ever happen so I'm not left with a giant truck that I have no idea how to operate. I'm so clueless about all of this I'm not even sure what questions to ask. I'm just looking for some advice and trying to make some smart decisions here for us both.