SFI Trucks "Schneider National" to title in my hand!

mmk trucking · Jun 21, 2020

MaArtis85 said: ↑

I've frequented "The trucker report" off and on, and I've noticed a lot of drivers bashing lease purchase programs. I wanted to put my two cents in on what I've been through on my journey to paying off my tractor. Searching the Internet one day and I came across SFI trucks website, looked at the reviews and decided to go along with it. After filling out my app I then received a couple follow up calls. At that point and time I was told to got onto the website and look at the trucks they have available pick one and let them know what and when I was ready to roll.

This was my first time leasing June of 2010, so I decided to go with a 2007 Freightiner Century Red in color with 404,000 miles on the dash. The truck came from Holland Enterprises, Fargo ND, also equipped was heated tanks, Thermo king apu. They will rent you a car to drive where your located to Greenbay, Wisconsin for three day orientation, if you don't lease onto schneider then you just have to complete the truck paperwork and take your truck to whatever company you want to drive for. I decided to run with the orange they have all types of opinions. I went with their % program. Truck payment was 435.00 aWk, 35.00 engine catastrophic plan, 300 aWk maintenance. I ran with Schneider National for a little over a year, before I had to make a move for something that would get me home more"Pregnant wife". I went back to FFE Inc Dallas, Texas July 2011.

For those that say a Lease doesn't work or you have to run ridiculous miles to make a living is bogus. I've been running a dedicated run where I only sleep in my truck two days a week Monday and Thursday off every wednesday and weekends. I've made 195-200+ every year after I made the switch before I paid my truck off Aug 2014 the title became mine. Yes I've had my ups and down it's a machine and there is going to be a time where it will breakdown as long as there is money set aside for a rainy day then it will be all good. There also was a 12,000 buyout too at the end of my lease. The give different options, they will give you six months average out to the total buyout or whatever you have in you maintenance account you can put towards the buyout. So programs are tailored to a driver success some aren't. Everybody situation is different but I know it can be done! Good Luck to the one's willing to take the leap.
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Good for you

ibcalm19 · Jul 6, 2020

Pepper24 said: ↑

First this is an old post,You need to understand a lot of what the op posted doesn’t seem right and not real information.Like He was making 200,000 a year at FFE basically running local FFE own numbers is o/o average 1.11 on all miles so he would need to be running around 150,000 miles a year plus he doesn’t mention how long he was making the payments of roughly 700 a week plus another 12,000 ballon at end if he only did 3 years he paid well over $100,000 for a Freightliner century an 07 in 2010 would be worth much more 30 to 40 thousand You will always be better off working a company job saving up even if you use a 401 to do it work on getting your credit in good shape at 6% and a company match on 401 you could have around 40,000 depending on your salary in 5 years that’s a really good down payment that get a pretty good interest rate.
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The I got to have it now mentality. It always gets you, if you don't tell it to be quiet. All that money that could be on his family table is not. It simple math & knowing if you're patient you can definitely get a better deal. I have two older trucks they make just as much money as a shining new one. I can repair mine with no headaches except a couple of stubborn bolts. Like you said save your money get a good used one or put down a nice payment on a new one. You won't be taken to the cleaners and laundromat

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