does anybody know of a good lease purchase program out there?

Stevens is paying $0.85 a mile to pull a Reefer!

sign up today!

 

Actually met a driver doing their lease, had been with them for awhile. Apparently it's one of those if your in good with the company you succeed type of deals. He's doing fine, but admitted its due to personal relationships with their management team.

 

Dunno how good somebody could do running so cheap

 

Yeah I'm thinking with him it has a lot to do with his monthly miles, I know you guys at Schneider focus on profitable medium runs, but I think he gets good miles to help him cover his costs.

He was driving a newish T680 and seemed like a pretty put together guy. He wasn't trying to talk me into coming over by Amy means and he freely admitted he had a pretty sweet deal. To me $.85 means a lot of driving every month...we met out west so that certainly helps.

 

After paying for a Kenworth and fuel ain't much left over for profit running that low.

Say .85 and $0.15 FSC, that's $1 a mile.
We all know actual miles and paid miles are different say he's running at $.95 all miles.

Say the dude does 120,000 miles a year that's $114,000 gross
Say fuel at 7.5 mpg and $1.60 a gallon is $25,600
Say $1000 in weekly fixed costs.. Kenworth payment, Insurance, maintenance etc. That's $52,000

You're left with $36,400 but paying higher taxes as an IC, brings that down to about $34,000 vs what $36,400 would be as a company driver.

120,000 miles divided by $34,000 means you ran for $0.28 a mile.
Noobs coming out of School earn better than that.

Those are estimations but they paint the picture how there's just no money.
Moving a truck for cheap is a disaster.
That's why many lease deals through carriers are soo bad, it's all cheap mileage rates.

 

I don't think his numbers are what the average guy would pay, but yes most of the Stevens drivers I have met are former and not current lease operators. How are you liking Schneider?

 

Those numbers are very wrong. I don't like lease agreements either but even I know what the real numbers look like.

 

He was just estimating, I didn't talk actual numbers with him.

 

Okay how are they wrong? You know it was an estimate to get a general idea.

I'm leasing a truck through a carrier myself, it's not all foreign to me.
Beyond that it can't be off by much.

.85 is .85

 

I went with what was listed off the site. Things could be/have been different.
Anyways I'm doing fine here. If something comes up that's better I'd consider leaving but so far it's the best from what I've come across. Lots of contract freight and drop/hook do hold a lot of value for me here.