Most are scams in lease, purchase programs

The scams exist because drivers don't do the research.
If there were no blind suckers then there wouldn't be any scams!

There's a lot of dumb truck drivers out there, no doubt about that.

 

What is the point of this post? If you've never done a lease you have no knowledge about them and therefore have no point commenting on something you know nothing about.

 

No most drivers are not business managers. To run a business and make it work you need to know how to manage money, time etc...

 

Now when did having no knowledge of a subject ever stop a driver from espousing his expert opinion ...

 

america in general. not just truck drivers.

as for managing your business. the motto is work smarter. not harder. and harder you defenitly do.

what's the sense in running your truck into the ground for .90 a mile??? when the company is probably getting $2 plus per mile.

the average guy that actually owns his truck is getting $2 plus. which means the company is also getting that (roughly speaking)

now, there are companies that pay percentage to o/o's that lease on to them. and they generally get 75% of the line haul plus 100% of fuel surcharge.

meanwhile. rental operators (leasing) get 50% of the gross. AND, are paying ASTRONOMICAL fees in the form of weekly expenses.

how anyone can call that managing a bussines effectively is beyond me. when your expenses pretty much equal your revenue.

in order to really make it work. the rental trucks need to make MORE revenue then the guy that outright owns his own truck and pulls his own freight. not 35%. THAT'S the business plan that needs to be in play.

 

So basically you're a disgruntled Prime driver? Gotta go with the others why is this one of your 3 posts ever?

 

let me ask you thus, when did you get ripped off by prime in a lease?

 

You're anti lease ... we get it ... but at least have your facts straight ... Everybody locks in on the $.90 ... but ignores the FSC for leasing.

Now let's get facts straight ... $2.00 a mile ... that's all in including the FSC and is more less the average for dry van ... so an O/O running their own authority gets that ... the company gets that and leased to the non L/O companies get 75% of the line haul plus FSC ... FSC is about $.45 right now, so they gross about $1.61 ... with pretty much the same overhead as the O/O getting $2.00.

Now a L/O - only because somehow the disposition of the financial arrangements of your capitol investment determines whether you're an O/O or L/O - get's $.90 plus FSC ... or $1.35 ... I personally happen to be at $1.40 ... so not 50% of the gross, but 70% ... now that's on loaded miles, but I get paid empty or loaded and I average that $1.40 on all miles, empty and loaded, at about 8% empty miles. Accounting for empty miles I'm closer to getting the equivalent of a $1.53 a mile, loaded.

Now for expenses ... not that astronomical ... maybe for the truck payment which is a brand new truck under full warranty. It's not that extreme and it offset by all the other overhead that your true O/O carries ... no tolls, no plates/permits, no consortium, no trailer expense, reduced maintenance cost, no cargo insurance and no factoring or at least no carrying charge on accounts receivable.

" in order to really make it work. the rental trucks need to make MORE revenue then the guy that outright owns his own truck and pulls his own freight. not 35%. THAT'S the business plan that needs to be in play " - Yep, now there's a financial epiphany, own your own truck and make more money ... kinda the whole point of where we are all trying to get ... reduce your overhead and increase your revenue.

 

I'm on my second lease purchase. paid one off and ordered the trk i wanted for the second go round specs and everything. I get paid the same loaded and mty 1.05cpm plus fuel surcharge this week was 45 cpm all mi mty and loaded. I put 10cpm back for maintenance, I pay my own ifta,2290,insurance,do 90% of my own maintenance at the house. not required to use company shop, fuel where i like although we get a big fuel discount at Loves best I got this week was at loves in Ellis KS .41 cents per gallon. usually in the range of .30 -.60 depending on state and fuel stop. home on weekends. drop and hook both ends. So i'm very happy. Not the best but doable, Especially after my divorce and i had to sell trk's and trailers in divorce settlement and split with ex wife completely screwed my credit. I found a carrier that sticks to the truth in leasing regulations. Right now very happy. still have first trk working on getting a couple trl's next. and no not getting married again!!!!!