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My lease adventure

Discussion in 'Lease Purchase Trucking Forum' started by Rooster1291979, Aug 6, 2014.

Page 4 of 21
  1. Aug 10, 2014 #31
    Rooster1291979

    Rooster1291979 Road Train Member

    1,308
    1,750
    Sep 4, 2012
    NOLA
    0
    The company takes those funds and applies them to an escrow that I have access to. That money is always mine and can be gotten to at anytime by me. At least that's how it's supposed to work.

    I do understand what you are saying, and it's always an internal debate as to keeping that money in an account with them, or putting it in my own. In this case ease of use is the winning vote, so far.
     
    Rooster1291979, Aug 10, 2014
    Rooster1291979, Aug 10, 2014
    #31
    dukeofearl, hal380 and baha Thank this.
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  3. Aug 10, 2014 #32
    Tdant62

    Tdant62 Bobtail Member

    2
    1
    Sep 4, 2013
    0
    Thanks Rooster for all the great information.
     
    Tdant62, Aug 10, 2014
    Tdant62, Aug 10, 2014
    #32
    Rooster1291979 Thanks this.
  4. Aug 10, 2014 #33
    RAGIN CAJUN

    RAGIN CAJUN Light Load Member

    198
    116
    Jun 20, 2013
    0
    You're DOING GREAT-im pretty sure when you feel like when the MONEY STOPS ADDING UP OR NOT ENUFF FOR U ..THEN .you'll MOVE AROUND
    So far so GOOD I'm glad your putting down YOUR GOOD WEEKS AND BAD WEEKS ..it helps those who are thinking about LEASING with a more REALISTIC VIEW..aside from all the HE SAY,SHE SAY and will let those who follow your PATH help make a MORE INFORMED DECISION.


    Deleted
     
    Last edited by a moderator: Aug 11, 2014
    RAGIN CAJUN, Aug 10, 2014
    RAGIN CAJUN, Aug 10, 2014
    #33
    GoGetta07, Natethetrucker04, hal380 and 1 other person Thank this.
  5. Aug 10, 2014 #34
    RAGIN CAJUN

    RAGIN CAJUN Light Load Member

    198
    116
    Jun 20, 2013
    0
    Go BACK AND READ THE OPS POST
    HE DOESNT CARE ABOUT ALL THE MUMBO JUMBO U SPEAKING ABOUT HE CLEAY SAYS HE DOES NOT OWN THE TRUCK OR HAVE PLANS ON OWNING THE TRUCK ...HE CLEARLY CALLS IT A ((RENTAL))

    NOW I WANT YOU TO REMEMBER IF OR WHEN U EVER RENTED A CAR OR TRUCK
    SERIOUSLY DID U EVER HAVE PLANS ON SETTING MONEY ASIDE FOR DEPRECIATION,MAINTENANCE, AND SO LN AND SO ON????????? B FOR REAL....GO BACK N READ THE GUYS POST ALL OF THEM...ITS OBVIOUS U MISSED A POINT OR TWO....HE MAKING MONEY AND HE HAPPY- ( THATS ALL THAT MATTERS)
     
    RAGIN CAJUN, Aug 10, 2014
    RAGIN CAJUN, Aug 10, 2014
    #34
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  7. Aug 10, 2014 #35
    Rooster1291979

    Rooster1291979 Road Train Member

    1,308
    1,750
    Sep 4, 2012
    NOLA
    0
    I do appreciate the support, but please don't get my thread locked. I want to keep updating.
     
    Last edited by a moderator: Aug 11, 2014
    Rooster1291979, Aug 10, 2014
    Rooster1291979, Aug 10, 2014
    #35
    dukeofearl and d o g Thank this.
  8. Aug 10, 2014 #36
    Florida Playboy

    Florida Playboy Road Train Member

    4,102
    6,620
    Dec 19, 2012
    Florida
    0
    So you're ONE driver who seems to be successful leasing (for now), there were thousands before you who failed. What I have seen is your best weekly take home pay was over $6k, your worst was $100. The average seems to be around $1,100 or $1,200. Now are you paying into social security, do you have unemployment and health insurance? Your earnings are 1099 so you'll be left holding a very heavy bag at tax time.

    It's like the guy who won some money at a casino and is trying to convince everyone they should go in and play.
     
    Florida Playboy, Aug 10, 2014
    Florida Playboy, Aug 10, 2014
    #36
    HalpinUout Thanks this.
  9. Aug 10, 2014 #37
    Rooster1291979

    Rooster1291979 Road Train Member

    1,308
    1,750
    Sep 4, 2012
    NOLA
    0
    Where do you get your numbers? I have listed 4 weeks of settlements. The take home numbers are as follows: $177.21, $1646.45, $6615.75, $1263.79. That equals $9702.40.
    Add those to my total take home on page 1, $21901.14 and you get $31,603.54. Divide that by the 16 weeks I have been leasing here and you get a weekly average of $1975.22.

    Also I have already stated I have a % taken out of my net each week to cover taxes. I do not need an employer to provide medical for me.

    This is is exactly the kind of attitude I am talking about. Even his sorta compliment "you're ONE driver who seems to be successful" is backhanded with the addition of "for now".

    Can you please explain your $1100 to $1200 average?
     
    Last edited: Aug 10, 2014
    Rooster1291979, Aug 10, 2014
    Rooster1291979, Aug 10, 2014
    #37
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  10. Aug 10, 2014 #38
    BigBadBill

    BigBadBill Bullishly Optimistic

    4,599
    4,438
    Oct 2, 2010
    Chattanooga, TN
    0
    Great information.

    What everyone should look at that many that fail and blame others don't see (and likely never will) is that he did research. He actually read the lease. How many of those flame outs that call them ALL fleaces ever read a lease?

    I laugh at the guys that sign a one sided contract and then blame the other gut because they are ignorant.
     
    BigBadBill, Aug 10, 2014
    BigBadBill, Aug 10, 2014
    #38
    Natethetrucker04, scottlav46, runion25 and 3 others Thank this.
  11. Aug 10, 2014 #39
    MysticHZ

    MysticHZ Road Train Member

    5,817
    5,560
    May 28, 2010
    0
    Actually that bag's pretty light ... my effective tax rate is less than 5% ... wonderful things happen on Schedule C.

    Compare that to a company driver who has absolutely no way to escape with less than 7%, just because of SS.
     
    MysticHZ, Aug 10, 2014
    MysticHZ, Aug 10, 2014
    #39
    DarkhorseEnterprises, dukeofearl and Rooster1291979 Thank this.
  12. Aug 10, 2014 #40
    Rooster1291979

    Rooster1291979 Road Train Member

    1,308
    1,750
    Sep 4, 2012
    NOLA
    0
    That's why my 13% covers more than taxes.
     
    Rooster1291979, Aug 10, 2014
    Rooster1291979, Aug 10, 2014
    #40
    dukeofearl and GoGetta07 Thank this.
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