questions about lease purchase

So, take the average of $1.09 & $1.20 a mile which is $1.14 a mile. Let's say you run 10k miles a month.

That's $11,400 gross monthly revenue...

Now deduct ALL the expenses related to operating that truck including paying yourself a salary, including income taxes & health insurance, how much do you figure you will have leftover each month to eventually put down on "something better"?

 

About the same as he would as a company driver ... but if he's smart he's already putting that money down on something better. It's called the payment on the truck he's driving.

 

Here's a simplified & modified spreadsheet I created. It's not exhaustive, however, it at least provides a basic overview of what someone can expect when entering into the lease op or owner op world.

I worked in the office of a company that had at 50 lease operators running under their authority. I was shocked when I started asking some of them if they knew what their operational costs actually were and their response was "not really".

 

How does USA pay? By mile or percentage. .....

 

I lease at Henderson(caseyville, IL) pulling Prime trailers. 75% of load. I only run solo loads. Only time go negative is 4 or 5 days at home.
I have pulled $1.85 loads and a $0.80 mile load (florida sucks).
$750 week payment and about $300 week other fixed costs.

 

By sliding a sex toy up your tail pipe

 

I see this as a problem ... when you build your model, a decent lease will only result in a 50% cut in cash flow after 1 week off the road and break even after 2 weeks off the road. You shouldn't go into negative cash flow until you've been off the road for more than 2 weeks.

 

When you sit home for 4 or 5 days you are going to have a negative week if you lease or owner operator.
Just simple math.
Now if you are company you will not be in hole but you will have very small paycheck.

 

IM TIRED O THE CO DRIVER LIFE AND NOT MAKING MONEY!! I REALLY WOULD LIKE TO LEASE A TRUCK OR BE AN O/O JUST NOT SURE WHICH CO TO START WITH BECAUSE, EVERYTIME I SPEAK TO A RECRUITER I TELL THEM TO STOP LIEING AND I HANI HAVE 4 YEARS OF EX AND TIRED OF THE G UP ONE THEM. EVERY RECRUITER TALKS TO ME LIKE I AM NEW TO THIS INDUSTRY AND I HAVE NO IDEA WHAT IM DOIN, SO I CAME HERE TO HOPEFULLY GET INSIGHT FROM MY FELLOW DRIVERS HERE.