Didn't think I needed to start a new thread, I have a quick question, could I lease onto a carrier and hire a driver?
Help with new truck
Discussion in 'Ask An Owner Operator' started by Willard407, Jan 4, 2016.
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Willard407 Thanks this.
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Thanks your input has been very helpful
Long FLD Thanks this. -
Did I get it right? You expect to life from the revenue of a truck that somebody else drives? To provide propper income for yourself AND the driver and possibly or at least the way it looks like payments on a fairly new truck?
Sorry, I don't want to be too negative but that doesn't work. If it would, any O/O would be rich and retired after a few years in business. You simply can't sqeeze out enough money to to pay for all of you at the end of the week/month. No matter which way you go, own authority or leasing on with somebody else. Hiring a manager for the meantime would make things even worse.Willard407 Thanks this. -
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If you read through different posts on this forum you'll always find the advise that it's difficult to give a general number. It depends on too many factors.
But that's what I got as a rough estimate. In the winter it could be as low as .85 per mile and in the summer up to .95 per mile.
What's paid already: license plate, fuel, IFTA, occasionally health insurance. I don't break down every paycheck to see what I made per mile. Health insurance isn't deducted on every paycheck that's why I say occasionally included.
What do I have to pay out of that "leftover"?
Truck payment, maintenance, possible aditional insurance (roadside assistance, freight insurance) and last but not least taxes. If there is still something left over then call it your own.
To figure out how much you're taking home at the end of the day is very difficult to figure out since every carrier has a different payscale. But biggest part of the variables is the fuel. How much are you going to pay for the fuel and how much will the surcharge be?
There are so many different options of payscales with different carriers but at the end of the day they all go home and cook with water.Willard407 Thanks this. -
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You could grab a day cab and pull a belly dump locally.
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Willard407 Thanks this.
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Day cab and dump truck locally might be a good idea. Most of the carriers request a two year experience to start with or you have to go through training.
Local business might not be that picky.Willard407 Thanks this.
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