What happens to leasers when fuel prices go back up?

Discussion in 'Questions From New Drivers' started by Space Boogie, Nov 11, 2015.

  1. stevez57305

    stevez57305 Medium Load Member

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    Jan 8, 2015
    Florida
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    There rates go back up past a dollar.
     
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  3. Space Boogie

    Space Boogie Light Load Member

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    Nov 2, 2015
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    Looks like my per diem on the road 25 days a month would come to around $18.5k per year. If I make $40k first year that will drop me to a $22k tax bracket. I won't pay $12k in extra taxes going from 22 to 40 so the per diem would end up costing me money if I keep a house. But it does help. It would make my house about half cost.
     
  4. Sneakerfix

    Sneakerfix Heavy Load Member

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    Why would you only be making 500 a week as a company driver? What company is this?
     
  5. Space Boogie

    Space Boogie Light Load Member

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    That's just what I've been reading first year drivers make. Am I wrong because if I could bring home say $900 I wouldn't do the lease
     
  6. Sneakerfix

    Sneakerfix Heavy Load Member

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    I'm a first year driver I don't bring home less than 780 a week except for this week should be $500 but I'm on a good run to the NE to make up for it
     
  7. A_C_Cooper

    A_C_Cooper Light Load Member

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    Jan 21, 2012
    Lexington, SC
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    over the last few years lurking on this forum i can tell you the golden rules of leasing are
    #1 Don't lease your first year driving
    #2 Don't lease from a carrier.
    you would get a much better deal leasing from a lease purchase co like lone mountain or quality.
    just my 2 cents
     
    sliver Thanks this.
  8. Space Boogie

    Space Boogie Light Load Member

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    Nov 2, 2015
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    That does sound like good advice. The megas act like they won't even hire me if I don't lease and that they'll punish me with low wages if I can somehow get hired as a company man. It's a ##### looking for work. Lots of rudeness and I get bad gut feelings from recruiters.
     
  9. Gypsy27

    Gypsy27 Light Load Member

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    Oct 11, 2015
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    Which companies have you talked to?
     
  10. Bob Dobalina

    Bob Dobalina Road Train Member

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    The "Buckeye"
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    Listen to your gut, not the recruiters.
     
  11. ZVar

    ZVar Road Train Member

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    Flint, MI
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    Another thing to think of, is if you lease with a company that also had company drivers, which trucks are going to be sitting when freight is slow? The one the company pays for, or the one you pay for?
    If you must, get outside financing and go with an O/O company like Landstar or whatever. If you cannot get outside financing, then you really have no business starting a business, and make no mistake L/O and O/O ARE running a small business and all the headaches (and possible profits, and losses) that go with it.
    -Steven
     
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