Now explain to us how you get your working capital? The company becomes your banker once you use the fuel card, and many deduct other major expenses like insurance and truck payments. Who can borrow for working capital now with those expense records, you or the company?
Now go to LinkedIn where these major players work and play and bug investors why they think this is ethical?
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The moment they hand you a fuel card they become your banker
Discussion in 'Lease Purchase Trucking Forum' started by peekaboonotyou, Aug 9, 2019.
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Dude are you drinking again
frito bandito, WildTiger1990, MartinFromBC and 5 others Thank this. -
Right. You go to Chase Bank and explain why your 1099 says 175,000 but your deposits were 34k last year and get a big loan for a big truck repair. Or LendingTree.
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I don't have an issue ....but there is your issue only 34k in profit on 175 your numbers suck....that's why they won't loan you crap.....
Off you ran 110k miles your net is worse then 80,s wages hang it up and drive for creteD.Tibbitt Thanks this. -
LOL, And he still has to take taxes off of that.
Linte_Loco and D.Tibbitt Thank this. -
Is this a Lease Purchase?
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The point is you are giving the company you are leasing with banking records they need to get operating credit while denying yourself that credit and slamming doors shut.
This post is not about netting 34k as there is no explaination for down time, loss or aquiring of better contracts or the following year projected income.
It's about wasting your time as a truck driver and getting mugged in the process as some dealerships and repair shops like the mercenary role better than good samaritan role if you break down. -
Ok, I will put this a clear as possible. When you get to the point your at it's time look seriously at your financial situation. If your borrowing money for operating expenses it might be time to hang it up. Go be a company driver for a while and get your self together. You can make twice that 34K working for someone else.FlaSwampRat and Trucker61016 Thank this.
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We get it u got bent over by a lease purchase. Stop playing the victim and man up . u aint gonna make no money by whining about how every company is unfair or how this industry is unfair. Get u some money and stop ur #####in
Western flyer, FlaSwampRat, 88 Alpha and 5 others Thank this. -
Read the fine print?
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