Why a lease purchase can be a great opportunity!

You are confusing someone's willingness to loan you money with your ability to repay and eat. That payment has to come out of the 900 a week you are making because the truck has not been paid off yet so you still have payments and insurance.

So you are running for $1a mile because you get free plates and other perks? My plates cost me $1595 for the year. Insurance, another $9400 a year. And I bill out over 20k a month. Net over $10,000 but I can't spend all that. Some has to be put away for rainy days.

Now tell me how great a deal your no lube fleece is.

 

If it comes out of your gross it has to come from somewhere else. Payment is a payment buying or leasing. Maybe someone will be nice enough to give you a job when you go broke. You can't just pull money out of your ### like the government.

Before you go any further in your infinite wisdom, I suggest you do some more reading. Not on this forum or internet either. I suggest that you get the biography on Sam Walton and JW Marriott.

If you do not know who they are, God help you.

 

You bought every line they sold you! Your EIN is tied to your ss. The bank will cheque your credit. Banks very seldom loan to companies that owners have poor credit. When we went for credit they wanted a profit and loss. Tax records as well as a business plan. Showing a gross profit is where you start.
Start with an accounting program. You would be better of running as a company driver. Most giid ones make more than 900 a week. Now you are on the hook for all repairs, flats. God forbid a tow bill or worse, an accident. Sign up for a good accounting program and come back once you have real numbers. You sir, are getting Royally fleeced. You just dont see it.