kllm ?

You are the one that is working for them now. Are you getting good miles? Do you have a good relationship with your DM? Keep in mind about 1600 miles a week is the break even point. Do you take a lot of home time? Once you are leasing you will not get hometime that much. Could you make a $1000 a week truck payment? Run your truck now as if you were owner/op and see how you do. Don't forget about tolls, scales, permits, insurance, qualcomm lease, FUEL, breakdowns, maintenance, sick time(you still have to make your payments when you are sick or brokedown) food, truck washes, accountant (ATBS), health Ins, luxuries (if you can afford them now), bills at home and anything else you can possibly think of. Don't forget you are now running a business. Good luck.

 

There are no good lease purchase programs.
Period. End of story.
Now, if you're thinking of hitching your own wagon onto them...dunno...but it probably isn't much better.
Think about it for a second.
Why is it in these companies interest to cut you in as a business partner?
It's because they get you to pay for maintenance, expenses, fuel, taxes, etc.
Plus they don't have to pay bennies, vacation, holiday pay, etc.
And shift alot of the business risk onto you.
All for .90 cpm plus FSC?
Where do I sign up?

 

He meant for you to DO THIS with the company you're working for now and it's been a thing SOME drivers did to prove that a L/P was not a good deal! But that every driver that lets his mind wander over to being a make believe owner operator!

Just think of that company truck as yours own . Then do the following:
mileage x $.95 plus a worthless lets say$.25 FSC start there! Thats what these BFI's are paying and keeping the rest after their minimumn costs!

Then you keep in a note book everything you do.
Fuel write it down
tire. write it down
repairs. write it down
find out how much your authorization costs and be surprised that it isnn't as much as what they are making you "think" it is! It doesn't take that many miles to pay for that DOT number!
find out what the cost ofall your truck related insurance is
cost of plates
cost of yep, workers comp ( I'll never understand this for an O/O with good health insurance! because WC sucks big time!)
cost of ,cost of, cost of!

oh HEALTH INSURANCE for you , wife and children if you have them and your wife doesn't have it at her BK job

Cost of disability insurance for you in case you get hurt and forget that you're paying for that WORTHLESS workers comp! It pays crap to you!

Take taxes out per week. WHY? I hope you're in this to make money correct? Well the IRS fines you if you do not pay at least quarterly! So it's money wise to pull taxes out of your pay and bank it till you file your quarterly taxes. Why give Uncle Sam more of your hard earned money. And don't fall for the "you get most of your money back " crapola! it's STILL money you just threw away! Some of these "want to be buisness men" fleece drivers think they're "in the money" and throw away few huindred as if it's nothing! Why do you think so many fail?

Escrow that the company will with hold that you'll never get back when you decide that what we tried to warn you about happened! You quit so they come up with the EXACT amount you had in the escrow account and either added a few HUNDRED to what you owe on "repairs" or they threw you a bone and "gave you" $178.50 because all the repairs didn't equal what you had in the account! The FUNNY thing about this is some of those repairs were what you put on your pre lease inspection report that needed to be repaired from the previous driver! Yes they do this! Read about it here in The Truckers Report!

By the way how much are you going to pay yourself? Are you going to pocket all the left overs from the settlements or put it in the bank to draw a little interest but this can only happen after you've paidsome other payments you forgot about as you were a buisness man and not a family man!

house note
car payment
power bill (utilities)
car/home insurance
food at home and on the road
cable/satellite/internet/phone
clothing
school costs (children or spouse trying to get ahead)
entertainment (movies with family, out to dinner with family, fair with family, lot lizard for you because you aren't man enough to go without for a few weeks until you get home! (it's a freaking joke so don't get your panties in a wad!)
doctors bills because you think you can't afford health insurance
CHILDS hospital bill because he's not quite to the "here hold my beer and watch this" stage but you know kids! Now tell me why health insurance WAS'NT such agood deal!

Have you figured out what we mean with "act like it's your truck while you're driving someone elses equipment?" Take everything you spend on this truck and figure out if you can afford it! Look at a few companies that you might want to fleece oops lease on with and get a copy of the lease contract with ALL THE FIGURES AND COSTS on it! If they refuse then I hope you have the intelligence to look else where as they are not telling you what you need to know and falling for the " Oh. We'll cover that in orientation" is pure BULL! They are in fast forward mode at orientation! They are throwing paper around so fast you'll swear it looks like a freaking tornado at the table! You have NO time to coherently read and figure out what you're signing! If you don't have the time to digest and "do the math" as you read it at home or in your lawyers office then if you sign this miracle of lawyereese (?) then you deserve what ever happens to you as we've tried to warn you AGAIN why these lease, fleece programs benefit only one person and that person is NOT you!

Have you ever driven by Prime and looked at that monstrosity of a monument to Trucking and wondered how much it cost and where all that money came from? Or CRE and looked at all the "offices" Knight has or some of the other large fleece purchase companies have? Or saw what the ex owner and future federal prisoner owner of Arrow Trucking lost in this last but never ending story of greed in trucking?

Yeah, go fleece or lease a truck. Become nothing more than a COMPANY driver paying to drive a truck! And that's what you are in all reality. A company driver paying to drive and getting bent over the tank in the process because you signed a lease without thinking it all the way through which you didn't even have to do as it's already been done by thousands more before you! Don't think you'll be an exception and can "force" it to work. There is NO "make"it work in these scams!

 

Those Prime lease-op trucks are the SLOWEST rigs on the road.
Poking along with the cruise locked on 53-55 mph.
That's proof in the pudding enough for me how much of a scam those fleece-purchase rackets are.
If these guys were making so much $$$$, why the hell are they driving so #### slow?