You are correct in every way.
I could not have said it better. These fleece purchase companies put on one hell of a sales pitch to sucker in drivers like a modern day medicine show lol. Many of them fail to realize that they are actually "at will employees" and not contractors lol. They have no rights to the asset or say in he operation. Doesn't matter what they scribbled on or signed. (insert more lol)
I sat down with a "pretend owner operator" from prime the other day a Petro and ran his numbers and showed him the raw truth. He was not happy. But the truth hurts sometimes. He is currently in an application process to be a company driver (with a different trucking company) with decent pay out of his home town. Last I heard he will be turning in his pretend owner operator truck in next week. I told him to leave like a man....not a child. Always bring the truck back and leave with self respect intact. He was pretty pissed off.
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My experience in Prime's lease program so far.
Discussion in 'Lease Purchase Trucking Forum' started by crocky, Feb 2, 2018.
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Last edited by a moderator: Feb 3, 2018
Reason for edit: Removed redundant quotesrhouston24, EphTrucker, Steel Dragon and 3 others Thank this. -
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Steel Dragon Thanks this.
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Steel Dragon Thanks this.
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Rollr4872, ladr and Steel Dragon Thank this.
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Tell me how many company guys make that.. Its very simple, if I stop making the money I feel is worth my time, then I turn the truck in and go elsewhere..
I'm betting you complain in all these kinda topics.. I guess in the "old" days you had your pick of $100k a year jobs your first day with your cdl and you bought your truck with money saved up from turning in coke bottles...
Things change...Last edited: Feb 3, 2018
Lord Pablo, Jarhed1964, ladr and 4 others Thank this. -
plenty of company drivers makes 1k or better a week.
The plus side to that is they only pay 7.5% to social security, you owe 15%.
Not to mention your tax bill at the end of the year..Wrtrgrl Thanks this. -
Tax bill is much lower with a LLC today than it was last year.. I will pay less in taxes than a employee.. Not to mention I have the ability to write things off and re-invest..
Good for the company driver who makes 1k a week.. I'm not that short sighted, I do and I plan to make much more than 1k a week over the course my my time driving.Zivvy and Oldironfan Thank this. -
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Pick a story and stick with it.Wrtrgrl, stwik, BoostedTeg and 1 other person Thank this. -
With 3 years left to go to finish the lease.
Have fun trying to keep up that pace.
One slow period and your toast.
It's a walk away lease, walk away.
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