Celadon flatbed questions..

I talked to one of their lease purchase guys when I was at Owens corning in brookville indiana few weeks back, guy seemed pretty happy, was driving a 2014 lonestar. Said he pays around 1200 a week, and runs 2 weeks at a time, and swears he's making good money.

 

Was told that weekly cost of truck was between 800 to 950 depending on truck and age. That it covered truck tags, insurence, authority, taxes. Fuel was not included because thats a variable cost. Did say it was a 100% walkaway lease.

 

Did say it was a 100% walkaway lease PERFECT for my Brother In law he walks away from everything once the NOVELTY WEARS OFF including 3 EX WIFES 4 or 5 kids and at least 5 previous lease deals and 2 or 3 tried the down payment / purchase it deals

 

Couple friends of mine who run lease purchases parrot the same thing most say here, you have got to read the details of your lease, you've got to understand it, you have to watch all your expenses, you can't stop at every truck stop, you have to be very efficiant at running, and you have got to know what your numbers are. Both have complete several lease purchases paid their tricks off, and sold them or traded them in on brand new trucks with sizable down payments. The big thing I see are drivers taking out constant advances, buying unneeded crap, and not keeping track of their Tax liability, and then spending above their means through out the year. Then come tax time, they get saddled with a large Tax bill that they aren't able to overcome.

 

instead of telling the bad which is the truth about celadon. some great advice. work as a company driver for at least a year. and see if celadon would be a good business partner to have. that's exactly what is happening when you sign the lease. is they are your business partner. I was there for a year. and I personally don't see celadon as a place I would want to do business with.

 

HERE ARE THE COST involved.

yearly: Weekly

[TABLE="width: 403"]
[TR]
[TD]Tractor Payment (Weekly)[/TD]
[TD]$623.54[/TD]
[TD]$623.54[/TD]
[/TR]
[TR]
[TD]Fuel (price per Gallon)[/TD]
[TD]$3.05[/TD]
[TD]$762.50[/TD]
[/TR]
[TR]
[TD]Base Plates (Weekly for the first year)[/TD]
[TD]$1,456.[/TD]
[TD] $28.00[/TD]
[/TR]
[TR]
[TD]Physical Damage Ins. (Weekly)[/TD]
[TD]$6,187.48[/TD]
[TD] $118.99[/TD]
[/TR]
[TR]
[TD]Bobtail Insurance (Weekly)[/TD]
[TD]$420.00[/TD]
[TD]$8.08[/TD]
[/TR]
[TR]
[TD]Occupational Accident Ins. (Weekly)[/TD]
[TD]$2,184[/TD]
[TD]$42.00[/TD]
[/TR]
[TR]
[TD]Auto Liability Insurance (Weekly)[/TD]
[TD]$3,900[/TD]
[TD]$75.00[/TD]
[/TR]
[TR]
[TD]Cargo Liability Insurance (Weekly)[/TD]
[TD]$1,040[/TD]
[TD]$20.00[/TD]
[/TR]
[TR]
[TD]Trailer Phyical Damage Ins. (Weekly)[/TD]
[TD]$1,404[/TD]
[TD]$27.00[/TD]
[/TR]
[TR]
[TD]General Deposit (Weekly Till $1500)[/TD]
[TD]$1,500[/TD]
[TD]$28.85[/TD]
[/TR]
[TR]
[TD]Fuel & Advance Deposit (Weekly Till $1500)[/TD]
[TD]$1,500[/TD]
[TD]$28.85[/TD]
[/TR]
[TR]
[TD]Qualcomm Fee (Weekly)[/TD]
[TD]$14.00[/TD]
[TD]$14.00[/TD]
[/TR]
[TR]
[TD]PrePass+ (Weekly Till $100)[/TD]
[TD]$100.00[/TD]
[TD]$20.00[/TD]
[/TR]
[TR]
[TD]Flatbed Equipment Deposit (26 weeks) [/TD]
[TD]$1,430[/TD]
[TD]$55.00[/TD]
[/TR]
[TR]
[TD]Air/Cuff (Weekly Till $60.00)[/TD]
[TD]$60.00[/TD]
[TD]$12.00[/TD]
[/TR]
[TR]
[TD]ATBS - tax service (Weekly)[/TD]
[TD]$21.00[/TD]
[TD]$21.00[/TD]
[/TR]
[TR]
[TD]Trailer Lease (Weekly)[/TD]
[TD]$175.00[/TD]
[TD]$175.00[/TD]
[/TR]
[TR]
[TD]Trailer Rental (Weekly)[/TD]
[TD]$185.00[/TD]
[TD] [/TD]
[/TR]
[TR]
[TD]Tractor Maintenance .07 per mile[/TD]
[TD]$0.00[/TD]
[TD]$0.00[/TD]
[/TR]
[TR]
[TD]2290 - 11 wks[/TD]
[TD]$550.00[/TD]
[TD]$50.00[/TD]
[/TR]
[/TABLE]

Current Avg is 2.64 (GROSS) is what i was told.

They allow drivers to use all major broker boards as well as DM's