I seriously considering leasing after I finish my tnt I have a real good trainer that's shows me how to do a lot of different things, I see some of the ups and downs while leasing and I also see how much he makes a week. We have a pretty good F.M that's willing to show me how to make money leasing. On weekends she usually have a load for us before we drop one...
considering leasing
Discussion in 'Prime' started by krazzyboi_44, Jun 21, 2014.
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It's a really bad idea to lease straight out of training. You're much better off to run the company side for a couple of years, and learn the business before you commit your financial future to a truck lease. You'll need at least $3000 in the bank to keep you're business afloat during the first year, more if you get a truck with emissions problems.
I ran across a guy a few weeks ago who allowed himself to be talked into this mistake right out of TnT. The trainer and FM are nowhere around now... he's averaging $400 per week before taxes because he doesn't know how to run the business properly, and he's pissed because his friends from TnT who went company clear well over $800.
Does this sound like a good deal? You can always jump to the lease side with one QC message once you're ready, but you don't have a track record with a company-side FM to jump back when you run into trouble. No one is going to be there to bail you out, and when you get too deep in the hole they'll yank your lease.
Be smart. Learn the business first on the company side where your mistakes don't have the financial consequences that follow when you're a business owner in a leased truck.Skunk_Truck_2590, Dinomite, Dogals right foot and 6 others Thank this. -
One big reason than I was going to go lease is because of the money. I know everyone says company drivers make $800 a week. But my trainer averages $2000 a week. And aioli he do if accept loads. He told me fuel can make or break you. So he's been showing me how to manage my fuel
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What do you know about running a business? Can you tell me what a profit/loss sheet is? How can you possibly expect to make decisions that have a major financial affect on your trucking business when you don't have the experience to know what to do to make that money. Remember the guy making $400 a week in his lease truck? He was loosing money buying fuel incorrectly... macro 27 is a tool for company drivers to keep PRIME out of trouble, not for a business owner to profitably run his business. This guy couldn't even give me routings to avoid paying unnecessary tolls... that will cost you hundreds of dollars every week. Those are the kind of things you have to learn BEFORE you can expect to be minimally successful on the lease side- and what your trainer is making is well beyond anything you can expect for a number of years.
The knowledge you gain on the company side is critical to being a successful lease operator... the profit margin in trucking is razor-thin, and that is what will break you. Be smart. Go company for a couple of years and LEARN what you need to know before you jump in the deep end.Last edited: Jun 21, 2014
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How smart is this kiddo. Who thinks he is going to make 2,000 a week solo like his trainer who has 2 people running the miles in his truck. Come on dude you have to smarten up. Just a tad bit. Did he also say those truck payments can make or break you. Did he also say those slow weeks can make or break you. Did he also say sitting in the shop can make or break you?
Skunk_Truck_2590 and Stile Thank this. -
Honestly from what I have heard from successful TNT lease trainers if your trainer is only making $2,000 a week with two people in the truck then he is doing something wrong. Also his settlement may have been $2,000 but he still has to pay taxes on that money so he really didn't net $2,000.
Skunk_Truck_2590 Thanks this. -
He bring that home after everything is paid and we don't run coast to coast like normal tnt
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You're first warning sign here... you aren't being told the entire truth. Be smart... go company for awhile until you get this trucking stuff figured out.Dinomite, Stile and Skunk_Truck_2590 Thank this. -
You should listen to these veteran drivers who are trying to help you. They've been there, and know what they are talking about. I certainly hope you heed the helpful advice they are sharing with you.
Dinomite, Stile and Skunk_Truck_2590 Thank this. -
If your past business ventures were successful,
try appling a similar business plan to leasing.
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