$300k for a lease op. Good or bad?

Leasing as in lease purchase with a company? Most lease purchase companies pay like a dollar a mile plus fuel surcharge . Which in 2021 would come out to like 1.35 a mile at best . So to get to 300k he would have to run over 200k miles a year and would still come up short... the only way it would be possible is if he's getting paid off the load but his company would be taking probably 75 percent off each load... which is possible with dedicated account . I come close to that with the run I was doing , not saying it's not possible. But I was out from the house for 11 months and chasing my expenses like a dog chasing his tail. Never ending... 90k in expenses doesn't add up in lease purchase... Half of that could easily be a truck payment... fuel around 60k a year. Still haven't paid insurance or paid yourself yet or paid the tax man.

 

Not buying it one bit

 

Of course, it is possible! my question will be how many miles? if he drove less than 70,000 miles, good for him and his family.

 

Im giving my opinion as 100% independent O/O. I don't know anything about leasing .

 

I am a 100% independent owner operator as well. $300k plus is easily doable. But read again what the OP posted. Not possible.

 

Wells. Here's a hard fact big boy. That's the check I wrote to Uncle Sam for last year.

 

We are the premier haulers of dog food and bottled water.

 

yep. I hope they wake up. You and I know it is very doable, and more importantly, we do it with half of the work than they do it.

 

See this man knows what’s what.