The Perfect Lease Purchase Contract!

Motor Carrier Costs
2008
2009
2010
2011
2012




Vehicle-based


Fuel Costs
$0.633
$0.405
$0.486
$0.590
$0.641


Truck/Trailer Lease or Purchase Payments
$0.213
$0.257
$0.184
$0.189
$0.174


Repair & Maintenance
$0.103
$0.123
$0.124
$0.152
$0.138


Truck Insurance Premiums
$0.055
$0.054
$0.059
$0.067
$0.063


Permits and Licenses
$0.016
$0.029
$0.040
$0.038
$0.022


Tires
$0.030
$0.029
$0.035
$0.042
$0.044


Tolls
$0.024
$0.024
$0.012
$0.017
$0.019


Driver-based


Driver Wages
$0.435
$0.403
$0.446
$0.460
$0.417


Driver Benefits
$0.144
$0.128
$0.162
$0.151
$0.116


TOTAL
$1.653
$1.451
$1.548
$1.706
$1.633





Looks like anything less then $1.633 and your doing it cheaper the big carriers are doing it. Or you losing your #####.

 

Sorry so you do not think I am pulling numbers out of thin air here is the link.


http://truckexec.typepad.com/files/atri-operational-costs-of-trucking-2013-final.pdf


and if I found it on the internet it has to be true.

 

Here is a link to covenant transports l/p calculator. Im a company driver and have been think about it. Next time im at the main terminal I will sit down with the l/p department and have some questions answered.

http://www.covenantdrivers.com/lease-program/

 

Just looked at the Covenant website and it seems that they only do teams.

 

You can charge those number that are in their templet to what ever you want them to be. I changed the 6000 mile to 3500 that I usually run and plugged numbers from there.

 

Crunch all the numbers you want if your buying/leasing a used truck with 500k on it there's a better than average crap shoot chance your going to need to do repairs that far exceed your per mile calculation for maintenance. So be honest with yourself when you do that calculation, it's machinery you can't predict with any certainty when your going to have issues and I'm not talking the big stuff, sensors and crap can leave you by the side of the road and ruin your best on paper calculations.
$1300 a week leaves me cringing too

 

Thats what they want. But I know several solo l/p drivers on the dedicated boards.

 

The best lease purchase available is the easiest too.....Lease a savings account book from your bank and when you have used it enough to buy a truck return it to the bank and drive off in your truck !

I have bought a truck before by just saving 20 to 50 bucks a week .
It is not instant gratification like signing up to be raped by a company but it feels allot better when you do pull the trigger.

If you are going to be driving for 30 years or more then you have time to save and get to the real gravy in trucking .
You don't need to put yourself in a worse situation then you have by driving for these outfits by paying their over inflated payments just to feel like you have more of than you really do.

The thing to remember in trucking is that no one is kissing you because they love you.
They are kissing you because they are going to put it to you .

Good luck in what ever you do in trucking but always try to what best not what is easiest .

 

But.... but Marmonman, they said I would be an Owner Operator and make my own choices! I could make $2,000 more than I did last year! I have one year driving, you dont know what youre talking about!

 

That is the best option a person can do. I am a company driver for a local company hauling windows I am home during the week and on week ends. I do want to get my own truck but it will be a long time before I get one. I have played with the ideal of leasing but the more that I think about it the more I think that it is not for me. I will probably stay with the company I am with as long as they will let me.