Anybody else waiting for a lease truck?

Discussion in 'Swift' started by Trucking Popeye, Mar 15, 2013.

  1. Trucking Popeye

    Trucking Popeye Light Load Member

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    I knew exactly what i posted and assure you i can read quite well. Please feel free to follow in silence and share my trials and tribulations. Until then, how about you only talk about what you know concerning leasing from your very own personal experience. Until then you are just passing along someone else's excuses for failures. But then again, I have taken the plunge into business ownership before, some people have it in them and some don't. Doesn't mean one group is better than the other....just different.
     
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  3. RickG

    RickG Road Train Member

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    We're really going to miss you when you're banned . Not really . But guess what . IF the truck is ever owned free and clear it will be too old to contract to most carriers .
     
    Last edited by a moderator: Mar 17, 2013
    Raiderfanatic and crb Thank this.
  4. blsqueak

    blsqueak Road Train Member

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    could have sworn that I saw a 2013 t660 at the Columbus terminal last Monday. The studio, blue
     
  5. inkeper

    inkeper Road Train Member

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    There have been several at Lancaster recently as well.
     
  6. MysticHZ

    MysticHZ Road Train Member

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    A Swift company truck averages about 1200 miles a week, after all is said and done for every week of the year ... on the other hand a Swift lease operator averages about 2000 miles a week for all weeks or about 100,000 miles + per year ... personally I do over 125,000 a year ... Capital investment issues aside, a lease operated fleet can be more efficient than a company fleet.
     
    fr8monkey Thanks this.
  7. plant

    plant Heavy Load Member

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    Sep 21, 2012
    Los Angeles, CA
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    [citation needed]

    Who won't take a 4 year old truck?
     
    Trucking Popeye Thanks this.
  8. bluebonn

    bluebonn Road Train Member

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    LOL I have owned multiple business's sold one for 75K and the other was doing over a million a year in 2008 before the economy tanked. If it made good sense I would be the first to be doing it.. But as you see I'm not because it's way too much of a risk for little money and at anytime that shiny truck can be yanked from you.... I would buy from someone other than the company offering the lease but I understand not everybody has good credit. Hell even the pro's will tell you it's not worth the risk..
     
    Raiderfanatic Thanks this.
  9. WitchyWomen

    WitchyWomen Medium Load Member

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    Feb 10, 2012
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    Although I dislike my husband driving OTR, is he the only one making money? Yeah I want him to make more but honestly with money is there ever enough? Ok so I don't like the loss when he isn't driving, but when vacationing etc it can be planned for ahead of time. I was surprised how much he made and how much was written off at tax time. He has to pay attention to everything, and he puts every cent he can into his maintence account and of course we have other sources of income but he gives me more money now then when he was a company driver and I see him more then when he was a company man and his truck is soo nice (I guess) besides being a cool black color, it has windows and a fridge and he doesn't have to clean it out everytime he stops and hopes he gets a good truck. He also doesn't have to buy it, when his lease is up he can, or he can lease a new one or try a new career.. or retire for real this time. Leasing can work.
     
  10. Mr. PlumCrazy

    Mr. PlumCrazy Road Train Member

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    Now you know a LP cant do a spreadsheets and cost/profit analysis not having any kind of control over their income for the next four years. Now for the ones waiting on a truck they told you April well in april if you havent taken one of the used one thay have came back in and your number has been called they will tell you Aug. Now I am not saying LP is not doable as long as you dont have a family house notes and so but you do have to be a wise businessman. Alot of these companies dont have the freight to keep everyone working hard so the ones that getting close to the end of the lease will get the shaft because they know the true O/O will walk if freight drop off so they have to keep them feed and the new LP havnt paid in enough on that truck they need a little more out of them so they going to feed them but the ones that close they figure you was smart enough to save a little over the years for hard times or we have someone waiting in line to pay for that truck all over again
     
  11. MysticHZ

    MysticHZ Road Train Member

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    Maybe for some of the old companies that lease off old trucks ... but Swift is a pass through lease direct from PACCAR, Navistar or Freightliner ... if Swift tries to ''starve you out" they accomplish nothing, except putting themselves on the hook for the lease payment ... after the lease is finished the truck reverts to the leasing company to dispose of as they see fit ... generally sell to someone like Lone Mountain where all the old school O/O's - that tell us all we will get at the end of our lease is an useless truck - go and overpay for the same truck and pat themselves on the back that they are so much smarter than a L/O with a carrier.
     
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