Kllm lease

This is the reply I get most often from people who don't know how to manage their own lives. I save money. I have disability insurance. If I'm

 

Got cut off,,, if I break a leg or am injured and can't work the company defers my payment. If you are happy doing what you are doing then more power to you. Don't discourage others especially when you don't have all the facts.

 

I did the KLLM lease and all I got was this lousy t shirt.

 

At best, you will net the same amount of money that you would as a company driver.

 

Not knowing anything about the L/P contract... You have add in the value of the tractor at the point it becomes 100% the contractors property and did you pay a "fair" price for it in the end.

That's worth something assuming he makes it that far/long.

 

Some of the best paid company drivers have several years of experience and rarely bring home more than 900 a week unless they run flatbed. Top pay at most companies is in the upper .40s cpm. after you've been there for years. If I could start off, with little or no experience, making .50cpm with benefits I would definitely do it but rookies usually make around .30cpm. Lease purchase is definitely not ideal but if you get a used truck and manage your fuel you will easily bring home . 50 cpm as a rookie. Youre also a business owner and truck payments along with anything else you buy brings down your taxable income so that you will also pay less in taxes than a company driver. Medical can be expensive but it's also a tax deduction. 401k with company match is the one thing you can't duplicate but saving money at any rate is a necessity. It all depends on what kind of responsibility and reward you are comfortable with.

 

Still doesn't change anything I said.

 

You're right it does not change your incorrect assumption. It just clarifies it.

 

At WORST a lease purchase driver will net what a company driver makes.

 

To my way of thinking, if you're going to be in a L/P program, you need to either be on a percentage with some really good paying freight or running 3,000 miles/week avg on mileage pay. And either way staying out 25 days a month. Then, the cost/benefit ratio might be worth the long term commitment. And maybe after 5 years you could slow down a bit and see if it's worth doing it again.

But, that's just me.