Couple leasing

Stay away from leasing its all to make more money for the carrier not you.Also don't get into a lease program with any mega carrier,try to get some few years exp first and then save up and buy a truck.

 

Thats so dam good I think people need to read it twice!

 

You need to take first things first. Long before you should even consider leasing or purchasing a truck and/or trailer you should get trained and run for at least a year full time OTR just to get used to the job. Until that time you will have no clue if you have the aptitude for it and can put up with trucking going forward.

Company teams TEND to make better take-home money than lease or owner-op teams because you have no fuel expense to worry about. Any team will tell you that unless they are on a dedicated run they will often be called upon to rescue late loads and are running hammer down for hours or days on end. If it is a company truck, no problemo -- you're actually making mileage pay a bit faster than you would otherwise. If it is your truck, and you are footing the fuel bill, you are getting taken to the poor house.

As far as leasing goes, there will be any number of drivers who have not been successful leasing who will happily tell you how impossible it is to make good money. If you subscribe to the belief that listening to a business consultant who has failed in your industry is a good thing, take their advice. If you end up contemplating a lease after you have experience, I would consult with someone who has done so successfully.

Good luck,

Jim

 

underminded him!?!?!?! You need to put the PIMP hand DOWN and tell him that YOU do not want to live on Foodstamps to he can "pretend" to be a O/O......


If your husband is considering a lease he must not be to bright (no offence)


As for RobertLees advice, its horrible since you will never find anyone to ask for advice that "sucessfully completed" a lease



75,000+ memebers on TTR 98% say DO NOT LEASE.....but what would we know right.....






American Trucker

 

Run hard and fast away! Being an O/O nowdays is really hard to do. It CAN be done if YOU want it bad enough. If it has been hauled, I might have been involved.

 

The problem with leases are they are stacked in the companies favor. They collect a premium price on a truck by charging you weekly payments. Between the truck payment, fixed costs, and variable costs you could pay 2500 (or more) per week in expenses alone. Each week you will be in the hole financially. You will spend 2 to 3 days every week trying to pay all of those business costs before you ever get to collect any money for yourselves. The company will collect ALL its money before they ever give you anything. Thats why you hear and read about many lease operators getting negative settlements.

If you decide to go home for any amount of time then remember those truck payments will not stop. If you have any money set aside in a maintenance account or escrow the company will drain that money to make up for you not generating any money.

As a lease operator you will have NO benefits. No discounted medical insurance. No dental insurance. No 401k. No paid sick days. No paid personal days. No paid vacation. When that truck breaks down (and it will sooner or later) you will not only be paying for the repairs (unless you get lucky and the repairs are under warranty) but you will be losing money every day the truck is in the shop.

Now a much better plan is the following; Get your CDL's. Get trained. Team up as experienced drivers at a decent carrier that will pay you at least .40 cpm to start (split). At least you and he will have the money going to the same account. 5000 miles in a week equates to $2000.00 gross without having to worry about any of the truck expenses a lease op or owner op is faced with. The best part is if the truck breaks down the company will probably have another truck available for you to use while yours is in the shop.

In a year or 2 you could get a job that pays between .50 and .60 cpm. at 6000 miles you could be earning between $3000.00 and $3600.00 per week. The best part is you will both be eligible for company benefits; holidays, sick days, 401k, discounted insurances.

As a former (company) team driver with my spouse I can tell you the first year out we grossed 126k and that was on a dedicated route from Pa to Ca and back each week. Home each weekend for at least 36 hours.