Don’t lease a truck. Whatever you do. Do not lease a truck. No matter how much anyone shows you they are making or whatever. Do not lease a truck.
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Discussion in 'Questions From New Drivers' started by goducks925, Jun 10, 2018.
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windsmith Thanks this.
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Trucking in Tennessee and Botagy Thank this.
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If you cant save 5k plus a month of expenses and go out and get a truck, do yourself a favor and do not lease one. MHC Kenworth will lease you a truck for 5k down and about 1200 a month with 350-400k miles and a warranty. It’s not brand new and doesn’t have stickers all over it, but it will make you money. If a guy is paying 1200 and another guy is paying 4000, running the same miles at the same rate of pay, who do you think looks cooler... the guy with the new shiny truck or the guy with the fat wallet full of cash?
You’ll be hard pressed from day one to lease a truck at prime. Your trainer will be leasing, almost everyone will be leasing... they’ll have the newer equipment, they’ll have it customized... they’ll be talking about how they make 150k a year.
Now subtract 52k in truck payments, 70k in fuel, 5k in fuel taxes, permits, and other random ####. Subtract 300 or so a week in tolls that Prime makes the lease operator pay... subtract the cost of those stickers.
How much did you make?
Now take 25% out for taxes. Can you live on that? Ok. Boom... 10,000 dpf replacement. How about now?
You don’t even know how to drive forward yet, let alone how to back up without hitting anything. If that’s the case you don’t know where freight is best for a particular fleet, where not to go if you don’t want to waste your time, etc...
Are you flatbed? How do you like the idea of driving in New York City at 7am on Monday? Cuz that’s where the high paying load is. It’s not in flat ### Kansas.
What about reefer... Florida sounds nice in the winter. What kinda rates you think you get out of there in January? Not good.
Unless you know the very basic things, you don’t need to be worried about things that are general knowledge for those who are running a business. Learn the industry. Get your paper up and build business credit. Then you can go buy a brand new truck spec’d how you want it for what guys are paying monthly on a used truck. And you’ll make a killing doing it. But there’s levels to this ####.Botagy Thanks this. -
And I would add... I wish I had waited to see every state before I got a truck. Once I got one, I had to start rejecting loads to places I had never been but really wanted to go, because I knew I wouldn’t get a decent load out of there, the fuel and taxes were too high, and there’s a good chance I’d be stuck there starving that week and working from a deficit for the next month.
You can make a lot of money as a company driver, with benefits and retirement. Start there and see if this is even for you.Chinatown Thanks this.
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