Swift Transportation and their Lease Purchase Plan

You changed your post.

 

but how many miles are on them? you know they've been run the hell out of em. you think just cause they're old 'wal mart' trucks that they've taken excellent care of them?

odds are they have 500k miles....and you cold drive the truck for 5,000 miles, and then go to pull a loaded trailer, and leave the engine behind. now what??

 

hey jake....its all your opinion now isnt it? all from your point of view, yeah?? So if a driver wants to spend $150k on a truck, where as you, with your credit score of 1250, could walk in and finance the white house, and get any truck financing with nothing down and 0.0000000001% APR......well good for ya. some of us arent that lucky. i'm still waiting to win the powerball. =)

but dont be desperate to see others fail, just becuase you think you're better or smarter than they are. deal?

 

oh yeah...also ment to say that you claim you ran all those miles on just one log violation. consider yourself lucky the DOT or the company you drove for didnt REALLY look at your logbooks.

running 65 mph (on average) with the 70-8 rule, you can drive 8.75 hrs a day....and thats without logging any line 4 time. 65 x 8.75 x 31 = 17,631. So i'm going ot assume that in 2006 you didnt drive for swift. in other words, you had your own unrestricted truck, could break the speed limit (when it was 65) and run 70-75. its the ONLY way you could run what you SAY you ran in march, june and july 2006.

but that was 2006. Its now 2011....5 yrs down the road makes a HUGE difference, cause i'm willin' to bet there are 3x as many truck drivers on the road today, meaning more power units, meaning less miles to go around.

you can do your dickjones measuring all you want. use your own ruler to make you feel better, while the rest of us will use the standard english ruler.

p.s. architecture rulers are out there, where 1/4" = 1 ft .....i'd go with that one.

 

I stand firm on my math. Mr. Jones is forgetting you lose at least 15 minutes every day for PTI, another 15 minutes for fueling and then loading/unloading. I gave a generous 30 minutes each day. So 8.25 hours, at over 68 mph for 31 days would be near your claimed 18K miles.

What you type into an internet forum thread is one thing. Seeing logs and settlements is another. I'm waiting to see the logs and settlments. Until I do, it's BS.

Regarding business sense...you signed your lease maybe a week or two before I signed mine. Seems to me one of us is quitting and the other is still going strong.

But that could only be because of one of the following factors: She has an innie instead of an outie. Pure luck. Independently wealthy. Minority race. I could probably think of a few more lame reasons I've heard tossed around when people think I can't hear them. It's gotta be something besides business sense. Because you're not doing well. And you know how to keep a business going during hard times. You proved that when you were running independent.



........oh, wait....


And don't give me that "bad economy" crap. There are a lot of independents out there who, while they aren't doing as well under these conditions, are making business decisions that are not only keeping them afloat, but bringing in profit even in hard times. They were smart enough to adapt their practices to the conditions. The ones who didn't, didn't make it. Some of the ones who didn't make it went to large companies asking for a lease. I'm not ashamed to say I was one of them when I leased onto Prime. But I'm not going to sit here crying over my coffee about a broken down 2004 Century that I made the poor decision to buy into.

So go on ahead and quit. But stow the BS. I don't really care what you did five years ago except to say it didn't happen on a solo truck until I see proof it did. Regardless whether you can prove it (which I doubt) or not, it is completely irrelevant to what you're doing now: failing to adapt your business to the conditions. And then claiming to have better business acumen than those of us who are adapting.

Let me attempt to give you some advice: turn that truck in with all repairs up to date, clean inside and out with all cosmetic issues fixed and find yourself a buyer -someone who will take it over on a straight transfer- before handing in the keys. Otherwise, you may end up owing a lot more money than you think you do right now. But, what do I know. I'm just a Squaw who happens to be blowing the boss, right?

Good luck in your future endeavors.

 

No, i didn't forget. I just chose to give him the benny of the doubt. You'll end up losing ALOT more than just 30 a day for PTI because what do you do when you get to the shipper? Say you have one load everyday, at BEST, its a minimum of 15 min more on L4. What about fueling? Chalk up another hour a week (4x15 min)? I was just making a point that even driving the most hours you can drive (and even my example would have been illegal or impossible) the miles still dont match up.


innie and outie? you comparing belly buttons now? =)

 

It makes perfect sense to me, great way to break into the business with a new truck. If you go to try to finance a new truck, you had better have perfect credit, a decent down payment, and a business that does at least $250,000 every year. Most banks will not talk to you if you have anything less.

 

I prefer to have the 90-day inspections, which is actually 32,000 miles for us, and occurs about every two months. Sometimes they actually find something that needs to be fixed, and considering the stuff that they overlook, it's best to have it looked at more often. A lot can go wrong with a truck in 32,000 miles.