Get paid .92cpm or a percentage?

$0.50/mile for fuel (this assumes fuel cost of $3/mile and 6 mpg)
0.20/mile for lease payment (assumes 2,500 miles/week w/$500/wk pmt)
0.05/mile for tires
0.025/pm's (oil changes)
0.08/mile maintenance
_____________
$0.855/mile costs* GMANS info


Now lets add some WAGES ( as per LEAST its a JOB comment ) at say $0.38 / mile gee its up to $1.23 / mile with $1.15 / mile income.

Least amount you could pull freight for at $1.23/ mile costs is $1.56 / mile and you still would be at the low end.

Average dryvan freight rates is currently around $1.72 / mile ( customer being charged )

 

better throw some plates and insurance on there as well

 

I guess I'll have to scan my last 4 weeks statements to show what really goes on with a Swift lease. If it's so crappy then I have no idea how I'm clearing what I am.

For the last time, though...I do not want to buy someone else's problem with no support for repairs. Just ask a few of our members how that's working out for them. I don't have 45K laying around and the way most company guys get jacked around, they don't have much opportunity to lay it by. Especially if they have a wife or husband at home who likes to live well.

If those finance companies will back a 5 year old truck for 25K, they should have no trouble with a three year old truck for the same amount, only I know what to expect from it because I drove it for those three years. It will still be under warranty because I was smart enough to buy the extended factory warranty. And I will have nearly 40K set by at that time. Money I don't have right now because of a poor choice in business partner before.

So, you won't turn a key for $1.15/mile. Bet you do an awful lot of sitting.

 

Another vote for #2. In fact, I just did that last February. I only had $20k instead of $45k, though.

Got lease pre-approval from Mercer in December, put $10k down on a $36k '06 KW T600 with CAT/13-sp (381k miles on the clock), bought a $7500 trailer by borrowing $6k from my plastic card at 3% APR, dusted off another credit card I haven't used in years for emergency, and off I went to work.

Fast forward to October, I have a newer, used trailer (paid $15k cash in July), all plastic cards are paid off hopefully never to be used again, and $12k sitting in my checking account. Truck now has 466k miles, and $18k left on loan balance. My truck payment is $1080/month or $270/week.

Edit: Forgot to mention I took 3 weeks off in August for vacation.

Here's my truck and my trailer.

 

No I do not sit and the miles I turn are profitable , I have plenty of work and more power to you if you want to make $1.15 / mile.

The MATH does not lie take a "WAGE " out of your $1.15 / mile ( FSC in ) and what is left divide it up between all the costs incurred to the truck and what is left ?

 

Dick you know NOTHING about me or my operation , I do not CRY about cheap freight , haul all you want and show where I ever posted about $5/ mile loads or where I badmouthed SWIFT or their DRIVERS.
.

I have all the customers I need and have had them for quite a few years , the BIG CARRIERS got in the door and were soon showed the DOOR.


I forgot more about business tactics than you think you know. As for SWIFT tactics did you know the BIG CARRIERS operate on 4% profit for the large volumes they do.


All I ever done on this thread was point out that the MATH does not lie , but to a guy who could not FLOAT a loan to buy a used truck this deal suits you , good luck and all the best.