Pam lease purchase question

Insurance going to take a few more cpm

 

Pam is good on automotive dedicated
The drivers i talk to seem to be content
But do lease a truck for any carrier, just drop heavy stuff on your feet. You ll be happier

 

I was giving benefit of the doubt as to what other expenses there will be. Probably bobtail insurance and plates at the very minimum.

 

Automotive contracts are re-bid, every 30 days. And, if the manufacturer doesn’t need the components you haul, you sit. It’s a very unstable position drivers can never count on.

 

Just for giggles, I'm at $1.83 cpm just to run my old truck and lowboy, and that does not include wages or our labor on repairs and maintenance. Granted, we only run about 30,000 miles per year, and that includes OS/OW permits, insurance, bit I really can't see $1.05 per mile as anything other than buying an average job with risk.

 

I m not hearing them complain about it. Automotive can be very fickle. But i like the money, its better than what i was making doing chem tanks

 

No doubt. When I have a contract, I do better than anything else I’ve done, per mile. However, when there’s no contract, I struggle. Hit and miss freight just doesn’t cut it. End of year, I won’t touch my annual earnings pulling a reefer.

 

No idea about your experience or interests, but you can make 60cpm or more as a company driver pretty easily. Even substantially more than that if you move to something specialized or LTL. And that’s on a W2 without the headache of a truck, without having to choose between going home or making a truck payment, without any contracts, without having to to choose between dinner and repairing a flat tire, etc.

Not all L/P’s are completely terrible (they’re all pretty bad), but 1.05/mi is pitiful.

That optimistic settlement you posted is less than you can make on a W2 with actual benefits and a quarter of the stress. They also were very optimistic with that maintenance escrow. At that rate, you might afford a single retread after a couple weeks

 

Once you take out taxes and health insurance, after those previous deductions, it becomes standard company driver pay.