The Anti-Lease Purchase Program

see, I want to be in 'that business'

 

Eight months later,

I was 1 of 2600 out of 5400 employees laid off.

3 years later, I am back driving truck

 

Ya think it was a factor?

 

No........

That was 2009. Lot of the people other than just us were let go.

Bunch of us engineers were saying diversify and upper management wasn't listening

 

I have recently bought a truck and purchasing a second this coming week.
My question is.
Is it better to run under a company's authority at 1.41 per mile or would it be better to get my own authority with trailers and go on my own completly???

 

Is the 1.41 ( including fuel ) ?

The other factors are .. Plate , IFTA , Tolls , Scales , Cargo ins , etc ...

Who pays that ?

 

Also . Is the 1.41 loaded and empty ?

Do you get choice of loads or can you pick etc

 

If you had a business plan and a decent pro forma statement of cash flow, you'd have the answer to that question.


For every cost, there is a trade off. Some are acceptable, others are not.

At 16% for a lease, (you get 84% of gross on the line haul) you are paying someone about $74,000 annually to use their authority. If you get better rates, that number can go up considerably.

Considering it will cost you about $11,000 to get your own authority and load insurance....

 

truck receives 84% of line haul gross.

on a $4800 week, that's $4032 to the truck and $768 to the lease company.

That's $3000 to the company monthly.

$36,800 to the company annually.

So yeah, my numbers were off....

At 74% to the truck,

The annual to the company is $1250 weekly, $5000 monthly and $60,000 annually.