LEASE

From what im reading you can take your truck anywhere you like. What are your truck payments and what are the deductions. What type of trl you pull? Do you get any discounts? Need a little more info..

 

What is the term of your lease, 12 months?

Without seeing the actual lease, it does appear that you can take the truck anywhere you like.

Is it $500-$600/day gross revenue? Even if you are earning that, it is nowhere near enough to service the lease payment, fuel, maintenance, driver's wages, etc. Two-to-three times that daily figure is what you're going to need, at least. Even then, that lease payment, if correct, is way too steep, especially for a guy starting out as a lease-operator/owner-operator.

What kind of deductions are coming off your statement? Is the company directing the lease payments to the bank (did they arrange the lease for you), or are you paying the bank?

 

Did he say 2000.00 a week lease? What year truck is that? Or is that truck and trailer? Still seems high to me.

 

2000$ a week???That's weekly payment for 4-5 brand new trucks. Anyhow,it's january,loads are rare and cheap,it's hard to make lot of money now.

 

Maybe he meant a month. I hope that was a typo!

 

This is a very interesting Driver. Like the others have stated, can you give some more detail concerning your issue. As far as working every day, you must know that you will have to do what ever it takes, with the exception of running illegal. Eating at truck stops and hanging out in driver lounges should not even be an option. I am not scolding you, I just want to know more of the "hows, wheres and whens" of the workings with the company you are leasing with now.

 

What year, make, model of truck and trailer? Is it a hybird? Sorry but I looked into a brand new volvo and trailer myself and if wasn't a lease it was a reg. bank loan and it was 1190.00 a Month. Anyway there might be a lease break on the contract but with a fee.