Leasing a truck

exactly my point. my DM knows i dont like rail yards. as well as the planners out of the terminal i'm at. Everyone i've run into who has stopped at the terminal i'm out of, just like going there. everyone is so eager to work with you. most others, you get the 'i'm the boss of you' attitude. My DM sees that i dont sit for more than half a day. I've got several avenues that are open to me right now. one is going lease, another is going local somewhere in indiana, another is just being a yard dog at a wal-mart DC. But whatever i choose will be done with my eyes wide open. again, others experiences wont be exactly like mine. maybe they liked to sit, and turn down 2 for ever 3 loads they got preplanned on them. No wonder why they got starved out. the couple i referred to do that, but they get 6000+mi a week.

yeah, the loads i'm tracking making a 'what would i make' paycheck running as a L/O, i'm making $700-800/wk...but i'm sure there are other drivers leasing/owning making less. as i am sure there are others making ALOT more. but guess what....we're in different boats. i like driving. its not in my blood or anything, but i'll do whatever i need to make/earn a living for myself. I could always go back to working at a pilot, but then again, i'd rather make more than $8 an hour. unless i get uber low miles for a week....like 2000 or less, i'll make more leasing than i will as a co driver. and as far as the maintence account....you've gotta look at that like money already spent. if you start dipping into it to buy yourself a 100" TV or a used 5 year old car, then you deserve what you get. but like i've said, i've got 8 weeks to bank a couple thousand to jumpstart accounts for truck payments and maintenance.

but please answer a question....just how much interest would a driver get getting a truck thru a bank?

 

again, you're comparing apples to oranges (although i get your point). Most people have the funds available to go into best buy, drop $1000 on a wash/dryer. most people who want that 1000" TV have the money to go in and just buy it outright. How many legit O/Os had the money to go into a dealership/bank and drop $100-large on the table and drive out with a new truck? I sure as heck dont have $100k laying around....do you? And again, how much interest are you going to pay for a NEW truck financed thru a bank?

 

and again, i totally understand your point. And i agree that it is a bad idea to lease a truck from the same company you need miles for to make those payments. Yeah, this isnt a 'walk-away' lease, but like i said before, they know a driver leasing a truck needs the miles to make the truck payment. they know if they dont give him enough miles to stay happy, they'll end up getting the truck back (and the driver has paid "X" amount of payments/repair and ends up with nada)...i totally understand that.

I'm not trying to justify leasing or not. (Though i am sure you all think i am) But i think i'm going about it the right way (as much as i can) by banking a couple grand for maintence and weeks i MIGHT end up with super low miles. And as for the rest i'd make in the 8 weeks free of truck payments, i could get totally debt free....less the truck.

 

ill answer you, just so you can laugh some more. the truck i'd lease (should i do it) would be a new 2010 International ProStar Eagle. The ones i saw in Memphis are brand new. No IFTA sticker, and the inspection plate inside the fairing next to the catwalk said 10/09 "put in service" so i know it is brand new. still under factory warranty, etc. So the weekly payment is $525, 206 wks, $49.762 balloon, $20/wk qualcomm (rented), $52.32 col. insurance, $5.77 bobtail ins., $32.31 workers comp, $1500 performance bond (deducted at $50/wk), prepass/EZPass $2.30/wk, maintence account anywhere from 0.08 to .15cpm....what else am i leaving out....