So this is the actual message I was sent. An was really considering it, but from all the input an advice seems like a no go
Our company is a rental company 1099
The rental program is a 85% driver
15% company split
Fixed expenses
Truck Payment
2018 to 2022 frieghtliner cascadia trucks $900.00
2023 frieghtliner cascadia trucks $975.00
Liability/Cargo $222.00
Physical Damage $154.00
Trailer rent $550.00
ELD $25.00
Escrow $100.00
Mileage .09 cents per mile for the 2018 to 2022 trucks
.10 cents per mile for the 2023 trucks
Plus fuel at a discounted rate from .10 cents per gallon up to $1.50 depending on the location you are at using the app you will be able to find the cheapest fuel in route
Everything is pro rated on the first week of work
This rental program will run you about $4800-$5800 per week anything after that is yours to take home it is up to you on how much money you take home you must be a hard runner at this company
Some trucks are ungoverned some are governed at 69 mph
We use motive as our eld system
We work off of the load boards yes we have some dedicated accounts out of mcallen tx
Normal places we run to
San Diego ca to Los Angeles
Mcallen tx to lerado tx
200 mile radius of Kansas City Omaha ne Lincoln ne Joplin mo cartage mo
Wisconsin
Illinois
Pennsylvania
Ohio
North Carolina
Florida
New York
New Jersey
You keep the same truck and trailer always no drop and hook
We fuel at
flying j’s
Pilot
Loves
Ta
Petro
Pay week starts Tuesday at 12am ends Tuesday at 12am
Payday is Friday direct deposit
Paystub's come out Wednesday night or Thursday night. You are paid on Friday.
You don’t pay for any maintenance except for
Tires
Windows
And self inflicted damages if you damage it you Pay for it
You don’t pay for any maintenance except for
Tires
Windows
And self inflicted damages if you damage it you Pay for it
1099
Discussion in 'Questions From New Drivers' started by drew92lee, Jan 19, 2023.
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Well I mean if that is the only thing you can find that will take you with the return to duty and you really want it, then take it. Otherwise, I would tell them thanks but no thanks. Load boards, I don't know how everyone else feels about those, but I was losing money rather than making it running for a company that relied on load boards. Only you really know what you need and can handle. Just the vast majority of us would rather work at McDonalds than enter a deal like that.
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It's not impossible, man. Though not many I am sure there are probably a few members here who have completed a lease purchase and came out okay. I don't know any of them by name on here or anything but maybe someone else might.
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The company is obligated to charge you those costs, but NOBODY is guaranteed to get you enough freight/miles to pay those costs.
wis bang, LoneRanger, Suspect Zero and 2 others Thank this. -
I like that "you don't pay for maintenance" when they charge you .09-.10 cpm which is for that specifically. So in other words, you are paying sky high rates for oil changes basically until you need tires or something, or the truck needs something repaired that isn't "self inflicted" as deemed by those #######. Prepare for the worst and hope for the best is what I would say, if you are going to go for it.
EDIT: You do pay for tires they said. So even your 10 cents per mile isn't even going to pay for that. So basically regular maintenance they cover with your 10 cents per mile. So figure 3000 miles a week, x 4 weeks a month. You are buying so many oil changes you will never use them all.tscottme Thanks this. -
Really appreciate the information, because I my first thought was this sounds crazy.
Tried searching on internet an found the forum so figured id get some advice -
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I just retired from a small fleet using Penske.
.A brand new Cascadia ran $1600.00 a month.
Keep looking and avoid the word 1099. -
What’s the name of this company?
dngrous_dime Thanks this. -
You can but a brandy new Pete with a wagon of your choice for that coin,
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