Entertaining a L/P

Discussion in 'Lease Purchase Trucking Forum' started by Utahtrucker, Aug 13, 2016.

  1. Utahtrucker

    Utahtrucker Light Load Member

    101
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    Aug 13, 2016
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    I been an O/O for years, but since the crashing of the oilfields,my business and my credit have taken hits. I've been driving for 15+ years, my oilfield truck is too heavy and too old(even with a recent inframe and warranty(Cat 3406E)
    I have 0 CSA Points/0 Accidents/0 Felonies/0 tickets+Retired from the US Navy
    or outside Financing-Wholsale Truck and Finance,LoneMountain,Otr leasing( I have a Down Payment)
    I have a few options in my court 2 companies


    Cowan Systems:
    2.6 years full ownership of truck

    2013 Peterbilt 384, 375,000 miles,10 speed,paccar 455 hp, goverened to 70mph,Thermoking Apu,Omnitracks
    • 3000 miles @ $1.09 per mile (includes line haul plus current FSC) = $3,270
    • Fuel = Estimate $ 882 (Current net fuel cost including discounts $ 2.00 per gal) ***3000/6.8 MPG = 441 Gallons**
    • Truck payment = $533 (Pete 384 $471.50 – QUALCOMM $13 – APU $48.50)
    • Maintenance and Security escrow deduction = $300 (.10 per mile)
    • Miscellaneous business expenses (insurance, occupational accident coverage, tags, 2290 tax form etc.) = $185
    • Net take home = $1,370
    • Just unsure of how they dispatch?

    Or Crete Carriers:
    18 Month full ownership
    2014 International Prostar+,10 speed,N13 Maxforce,APU,No Governor,Qualcomm

    (and I'm a previous maxforce owner= been thru the whirlwind of issues on a 2012)

    Income:
    Loaded Pay - Ave LOH 600 = $1.12 pm $ 2,989
    Empty Pay - Deadhead @ 0.86 cpm $ 200
    Surcharge (loaded miles only) ave 0.22 $ 587
    Ira Contribution $ -
    Total Income $ 3,775
    Operating Expenses:
    Truck Payment $ 350
    License, Permits *** $ 31
    Physical Damage Ins ($1,000) $ 44
    Bobtail Insurance $ 9
    Workers Compnsation $ 42
    Cargo Insurance $ 3
    Qualcom $ 9
    Short Term Disability $ 7
    2290 -Highway Use Tax $ 11
    Variable Cost:
    Fuel - 23178 Gal's $ 1,055
    Based on 6.8 MPG & - $2.368 PPG
    Fuel Tax $ 10
    Total Business Expenses $ 1,572
    Net Trucking Cash $ 2,203
    Personal Expenses:
    Health Ins - Single $ 111
    Dental Ins - Single $ 4
    Vision Ins - Single Exam & Materials $ 1
    Net Cash $ 2,086
    Maintenance account 0.12 cpm $ 348
    Total Net Cash $ 1,738
     
    Last edited: Aug 13, 2016
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  3. TruckerPete1990

    TruckerPete1990 Road Train Member

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    So you wanna run for 1.10 a mile? Good luck to you...
     
    12 ga, magoo68, Terry270 and 5 others Thank this.
  4. Terry270

    Terry270 Road Train Member

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    What is up with all of these minimum wage truckers?
     
  5. TruckerPete1990

    TruckerPete1990 Road Train Member

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    You say your an owner op before. From my understanding you still own a truck but can't lease it some places due to age. If you really wanna lease it somewhere look harder or sell it and upgrade.
    You should know working for a company that has company trucks and o/o you won't make it. Piss off the wrong person you get 0 miles. Working for a 1.12 you better offer working at mcds ....
     
  6. ibcalm19

    ibcalm19 Road Train Member

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    I still can figure out why an o/o will work for $1 mile unless they are paying for the fuel, insurance & pulling their trailers. It doesn't add up for me. To each his or her own.
     
    ramblingman, driverdriver and sliver Thank this.
  7. sliver

    sliver Light Load Member

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    Feb 17, 2015
    idaho
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    Why not just be a company driver for awhile. As a o/o it seems ridiculous you'd even think about running for $1.12
     
    12 ga, ramblingman and driverdriver Thank this.
  8. Utahtrucker

    Utahtrucker Light Load Member

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    Aug 13, 2016
    0
    No way never be a Company driver again. and 1.12+fsc,I can make money with., that would be thru the crete lease program, but I have other options too. I could go down to denver pick up the 2010 pete 387, strap it down with enough warranty and run for 1.57 mile+. just hoping the 2010 isx wont take a crap off the starting blocks!!
     
    378z Thanks this.
  9. TruckerPete1990

    TruckerPete1990 Road Train Member

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    Jul 16, 2012
    Bentonville Arkansas
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    How can you make money with 1.12? Unless you never go home....
     
  10. Utahtrucker

    Utahtrucker Light Load Member

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    Aug 13, 2016
    0
    1.12+(fsc) .19cpm@ 3000 miles per week=3930- fuel1000.=2900- 500.00for truck payment and ins
    roughly 2000.00 a week in a perfect world.

    If you have a suggestion post it,
     
    378z Thanks this.
  11. BoostedTeg

    BoostedTeg Road Train Member

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    And we wonder why rates are in the toilet
     
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