1099

Discussion in 'Questions From New Drivers' started by drew92lee, Jan 19, 2023.

  1. drew92lee

    drew92lee Bobtail Member

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    Jan 17, 2023
    0
    So this is the actual message I was sent. An was really considering it, but from all the input an advice seems like a no go

    Our company is a rental company 1099

    The rental program is a 85% driver
    15% company split

    Fixed expenses

    Truck Payment
    2018 to 2022 frieghtliner cascadia trucks $900.00
    2023 frieghtliner cascadia trucks $975.00
    Liability/Cargo $222.00
    Physical Damage $154.00
    Trailer rent $550.00
    ELD $25.00
    Escrow $100.00
    Mileage .09 cents per mile for the 2018 to 2022 trucks
    .10 cents per mile for the 2023 trucks
    Plus fuel at a discounted rate from .10 cents per gallon up to $1.50 depending on the location you are at using the app you will be able to find the cheapest fuel in route

    Everything is pro rated on the first week of work

    This rental program will run you about $4800-$5800 per week anything after that is yours to take home it is up to you on how much money you take home you must be a hard runner at this company

    Some trucks are ungoverned some are governed at 69 mph

    We use motive as our eld system

    We work off of the load boards yes we have some dedicated accounts out of mcallen tx

    Normal places we run to
    San Diego ca to Los Angeles
    Mcallen tx to lerado tx
    200 mile radius of Kansas City Omaha ne Lincoln ne Joplin mo cartage mo
    Wisconsin
    Illinois
    Pennsylvania
    Ohio
    North Carolina
    Florida
    New York
    New Jersey

    You keep the same truck and trailer always no drop and hook

    We fuel at
    flying j’s
    Pilot
    Loves
    Ta
    Petro

    Pay week starts Tuesday at 12am ends Tuesday at 12am
    Payday is Friday direct deposit
    Paystub's come out Wednesday night or Thursday night. You are paid on Friday.

    You don’t pay for any maintenance except for
    Tires
    Windows
    And self inflicted damages if you damage it you Pay for it

    You don’t pay for any maintenance except for
    Tires
    Windows
    And self inflicted damages if you damage it you Pay for it
     
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  3. Stringb8n

    Stringb8n Road Train Member

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    Well I mean if that is the only thing you can find that will take you with the return to duty and you really want it, then take it. Otherwise, I would tell them thanks but no thanks. Load boards, I don't know how everyone else feels about those, but I was losing money rather than making it running for a company that relied on load boards. Only you really know what you need and can handle. Just the vast majority of us would rather work at McDonalds than enter a deal like that.
     
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  4. Stringb8n

    Stringb8n Road Train Member

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    It's not impossible, man. Though not many I am sure there are probably a few members here who have completed a lease purchase and came out okay. I don't know any of them by name on here or anything but maybe someone else might.
     
  5. tscottme

    tscottme Road Train Member

    The company is obligated to charge you those costs, but NOBODY is guaranteed to get you enough freight/miles to pay those costs.
     
  6. Stringb8n

    Stringb8n Road Train Member

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    I like that "you don't pay for maintenance" when they charge you .09-.10 cpm which is for that specifically. So in other words, you are paying sky high rates for oil changes basically until you need tires or something, or the truck needs something repaired that isn't "self inflicted" as deemed by those #######. Prepare for the worst and hope for the best is what I would say, if you are going to go for it.

    EDIT: You do pay for tires they said. So even your 10 cents per mile isn't even going to pay for that. So basically regular maintenance they cover with your 10 cents per mile. So figure 3000 miles a week, x 4 weeks a month. You are buying so many oil changes you will never use them all.
     
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  7. drew92lee

    drew92lee Bobtail Member

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    Jan 17, 2023
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    Really appreciate the information, because I my first thought was this sounds crazy.
    Tried searching on internet an found the forum so figured id get some advice
     
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  8. Chinatown

    Chinatown Road Train Member

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    Greatwide
     
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  9. wis bang

    wis bang Road Train Member

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    Levittown, PA
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    I just retired from a small fleet using Penske.

    .A brand new Cascadia ran $1600.00 a month.

    Keep looking and avoid the word 1099.
     
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  10. Lyle H

    Lyle H Road Train Member

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    What’s the name of this company?
     
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  11. abyliks

    abyliks Road Train Member

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    You can but a brandy new Pete with a wagon of your choice for that coin,
     
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