Kllm lease

Discussion in 'Experienced Truckers' Advice' started by Jayjayz22, Jul 19, 2015.

  1. Willz1

    Willz1 Bobtail Member

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    Feb 26, 2016
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    You're not far off. I took off three days last week and grossed $800 for the week. Only way to make any money OTR is to stay on the road. I could have saved a couple hundred a week in my lease purchase by getting a used truck instead of new one and saved a little more by not getting all the extra insurances like Aflac and legal.
     
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  3. STexan

    STexan Road Train Member

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    Oct 3, 2011
    Longview, TX
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    I'm not averse to L/P programs so long as
    • the contract is not screwing the contractor too bad
    • it's truly a "lease to own" program where equity is earned assuming you meet minimum obligations and there is no balloon payment at the end to own.
    • the carrier has the freight and the lanes that work for you
    • the carrier is well established and offers a great support network (fuel/tires discounts, etc)
    • the contractor has at least $10k to start with in reserve at the bank
    • there is no balloon payment and money down (10-20k) can be applied to reduce weekly rental and/or shorten obligation on a new[er] truck (<100k miles)
    • etc etc
    I don't see how anyone can get into a new truck with little or no money down and eat those huge weekly payments and pay himself a decent wage, and not be in the red each month, while digging their own bankruptcy grave with each mile they roll.

    All that said, I still rather be a company driver and gross $1200-$1300 week consistently and run the lanes and run way I like to run, and be home once or twice a month if need be. I can jump ship, I can get lazy and quit, I can do whatever my little heart desires. Some guys can do this locally/regionally, too if they are situated where the need to be and willing to work, and maybe work nights.
     
  4. snowwy

    snowwy Road Train Member

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    Specially at 90 cents per mile
     
  5. freightwipper

    freightwipper Road Train Member

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    OTR
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    say NOOOOOOOOOOOOOO to mileage rate/dispatcher fleases!
     
  6. snowwy

    snowwy Road Train Member

    20,595
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    Jul 6, 2009
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  7. Willz1

    Willz1 Bobtail Member

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    Feb 26, 2016
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    Here at KLLM you can walk away at anytime. You actually end up paying only slightly more for the truck as you would if you got your own financing but you get to deduct it from your taxes the entire time. Whereas with bank financing you can't. Why would you need 10k in the bank? I agree it would be nice but If you break down and its not covered by a warranty or your maintenance fund the repairs still get done and if your down for a time the finance company will defer your payment. You can also rent a truck to keep rolling. Kllm keeps you rolling and profitable. If I could net .50cpm right out of the gate and have company benefits I might have gone that route. It's just a personal decision.
     
  8. KingG239

    KingG239 Medium Load Member

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    Dec 12, 2014
    NEW Jersey
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    you still with kllm?
     
  9. PackRatTDI

    PackRatTDI Licensed to Ill

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    El Chuco, Tejas
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    No.
     
  10. KingG239

    KingG239 Medium Load Member

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    Dec 12, 2014
    NEW Jersey
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    ok im thiking if i should go or not , an also wanna kno if the tyson accout or otr better?
     
  11. desperado75

    desperado75 Medium Load Member

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    Nov 25, 2012
    allentown,pa
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    just talked to a ATS driver who been leasing for a year don't go there he is quitting told me the place is a joke van and flatbed...js
     
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