Interesting Lease Purchase Worth Looking At

just about any lease purchase deal or even truck ownership buying a truck out right when leased to carrier expect to earn a salary about the same as a company driver in the end,,there are a few exceptions when hauling specialty freight and or running with your own authority.
With ones own authority it is difficult to break away from a drivers salary when hauling all your freight from brokers,,having your own authority the money making secret is to haul direct for the customer cutting out the 20% or more commission the broker takes off the top of the freight revenue,,remember you can't haul what the rail road, mega carriers or carriers that hire rookies and make money,,specialty freight pays but hard to find

 

$140 a mile for all miles loaded and empty is a good deal right now considering what some of the rates are at people always assume its the trucking company screwing over drivers but we have no control over what things are moving at and we have to be able to move freight and keep our doors open. just like any other industry when prices go down we all suffer.

 

Im currently making 1.03 mi plus Fsc of .26 total 1.29.
Fuel cost avg .53mi (8.1mpg).
Fixed lease cost per week 693.00.

The key is to get miles over 2500 . I figured it cost .38 mi on my fixed lease. If you get less than 2500 then your take home is less because you fell below breakeven point.

So .58 fuel .38 fixed cost(based on 2500 mi) .07 maint account. =.93. Your making 1.29 so now you take home is .36mi. Uncle same takes .02 mi out of that. now your making .34.

I been leasing 3 yrs my best cents per mile Ytd is .38 food on the table all bills paid. This yr alot of breakdowns im avg .27 and its june already.

Leasing isnt easy but if you dont have bills and stick to a budget. After pulling out all of your hair so to speak you might make it.

You can budget all you want .But cost of repairs and how many breakdown you have . That you cant control . So the odds are against you.With an avg of . 36 mi theres no room for breakdowns unless you save that money.

Everybodys exp is different .I avg 2100mi week my mpg 7.5 to 8.2. And i make far less than a company driver PERIOD

 

The dirty secret with companies is some of there freight pays a higher Fsc because its heavy. Or the get paid more per mile because its over 40,000 for ex.

So why dont they pass that on. They pass on the Fsc based on DOE avg. But they dont pass on what there making from the shipper.I have seen Recycle loads pay 900 fsc so stated on bills(i was told later i wasnt suppose to have that copy). So where my share.

 

Jesus.
Why must everybody talk about leasing.
Do you all like to gamble or something?!!! Why don't you just go to Vegas if you like earning nothing at the end.

Drive company. Earn high. Save your paychecks. Find a local company. Run hard. Ask owner if they can take you as an o/o. Find a truck from another o/o that meets that companies needs. Buy it. Earn. Save your paychecks. Sale the truck. Buy better truck. Earn. Save. Buy yourself a house. Earn. Save. ........earn. Save........

 

If you buy from a bank that to is a gamble. I can walk away from a lease if Motor blows. But not a bank.

 

why don't they pass that on? because they want to rip off the driver just they're already ripping off for rolling for a cheap $1.29

 

Leasing a truck forces you to pay much more for the truck than you would if you bought a truck and financed it yourself. If you are disciplined and can stick to a budget with savings built in, there is no reason you should not be able to buy a truck and either pay cash or find your own financing. Taking that route, you will pay much less for the truck and have a bigger paycheck at the end of the week. With leasing you could go without a paycheck if you need to take a few days off or have a slow week. Lease payments could easily dwarf conventional payments. You could make 3 or 4 payments to a bank to buy the truck for what you would spend on a lease. Some leases are walk away leases and some are not. Should you walk away from the truck, there could be fees or charges you could be responsible, depending on the contract. I have a friend who leased a truck for about 18 months. When he turned in the truck they hit him with a chargeback of about $3,000 for new tires. Whatever he had in escrow disappeared when he walked away. You MUST read over any contract carefully before signing your name. Don't sign anything that you don't agree.

 

Yea he should of spent the maint. That way he could deduct the expense. I bet the leasing company didnt give him reciepts either

 

He would still have been responsible for replacing the tires. Of course, I don't know if they would have actually come after him for the cost or not. You need to look at leasing a truck as a business expense. When you are in business there are costs involved. While I think some companies can and do take advantage of those who lease their trucks, it is still the responsibility for the leasee to read over any contract and make changes if there is something that you don't understand or agree. These carriers cover most everything in the contract. It is up to the driver to read it and either sign or walk away. If you sign the lease you are agreeing to ALL the terms of the contract, whether you have read it or not. In fact, most contracts have a clause that states that you have read the contract and agree with everything that is in the agreement. That one clause takes away your right to use ignorance or that you have not read the contract. If you sign, then you are saying that you have read the contract. I would wager that 99% of those signing these leases have not read them. They are then surprised when their escrow gets taken when they leave. It is all in the contract.