A truck leasing company that you wouldn't trust owned by the people who own the carrier is telling you what the carrier will do? And you believe this is a "fairly accurate assessment"? What makes you think a banker/financial advisor will understand anything about CRE's known history and the pitfalls here?[/QUOTE]
There is already a maintenance account set up IN the expenses. If you had read that portion. For the exact scenario of the truck breaking down.
Also You don't believe a professional financial advisor/lease speacialist would understand the technical terminology and intricate set up of a lease agreement? wow.
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Big opportunity For CR England Lease Operators? Merged 3 threads
Discussion in 'Lease Purchase Trucking Forum' started by Kilowan, Jan 27, 2012.
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So you're "solid second seat" is only grossing $750 to run 2550 miles...
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you don't believe that .145 cpm or 750$/week would be fair for someone based in slc, who gets 1 day a week AT HOME, in utah like me. doing a dedicated run, with no live loads only hook, as well as no appointment times for receiving they will take you any time, and unload you WHEN you get there.
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I am a past successful Lease driver at England. While much has changed, a couple things still hold true.
1. Make sure you are training on this run. "Trainers" get priority.
2. Sounds like you are doing right, be one of the "20%" that they can count on. This opens up better runs and makes you an asset.
3. Treat your team (dispatch, accounting, auditing, etc) like gold. These are good people, for the most part, deal with some of the worst class of drivers in the industry. And it doesn't help that many of them feel they got lied to by recruiting coming in.
4. Take the FSC vs. the $1.25. Being team your ideal time will be down and your speed is regulated so with the trucks they have you should be able to see 7 mpg. Do the math. That can add $.10 per mile to your income.
5. Take the $.10/mile fuel money and sock it away. $.07 will not cover repairs.
Personal note on being an ex-trainer. You want to be the guy that understands that the person you are training is not making enough with you to support anything. Buy them meals, coffee, anything. It will go a long way. I even bought a guy new shoes once at Walmart. -
NO, but training makes you more money.Kilowan Thanks this.
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Excellent. The response i've been waiting for. Trainers get priority? that's news to me. As I stated I'm fairly new, is The FSC vs the $1.25 your referring to, the rebate system they have set up?? I do need to do more research into that. Would you recommend leasing to buy? getting an older truck vs new??
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First, lease to buy, NO!!!!! O/O treat their trucks to run millions of miles. The service schedules on these trucks are based on getting rid of them with less than 500k on them.
I would go with the cheapest option you can find, assuming it looks like it had someone that was taking care of it. For most part it is a crap shoot. If you have to sit a week waiting I would do that.
Don't know if the publish this, trainers and leases getting priority, but they need those drivers getting miles and into a truck earning. Plus you will make more money.
Do the math. They will give you a certain amount per mile for FSC. Multiple you FSC by your MPG, subtract what you are paying for fuel. I would bet it will be in the low $1/gal range. -
He may be teaming...but he ain't training nobody. Although these companies like to sell it like that.
3 months.....and out would be a safe bet in my book. -
$750 is cheap, and on top of that, you will have employment taxes (SS, Medicare, Unemployment, Occ/Acc at the very least depending on your state. Are you going to offer medical? Why would a decent driver want to work for you then.
As far as training goes, that's a misnomer on a dedicated run, drop and hook, lots of miles daily (where does the training time come in). If you mean taking advantage of low priced labor, chewing them up and spitting them out, then yeah you're training. You said you hadn't been driving long, what could you possibly teach someone besides how to start the truck? I learn something every day I'm out, and that's been for 12 years now. I'd feel fairly comfortable training someone at this point, which is one of the reasons I'm here on this website.
You still haven't answered the question about the truck being broke down. Your BEST case scenario is .43 left over for driver pay. Every day that truck isn't running per your scenario, it cuts into that .43 to pay for overhead. That is no vacation time as well. -
Is the variable mileage another term for excess mileage? If so, how many miles are you allowed under the lease for max miles before this .14 cpm kicks in?
My bad. I didn't read all the posts. So the variable mileage is what you would be paying for your trainee if you decide to train? I'm getting really confused now.
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