Get paid .92cpm or a percentage?

i think DJ has nads for doing what he is doing---he has low cost as for personal--so he might be ok--the first 2 yrs will be rough--but maybe he will do ok
for some people lease may be the way to go--nice new truck with warrenty--you can walk away any time--it does have a few good points--and his carrier does have the frieght as well
for others buying a "seasoned" truck is the way to go--thats definately my preference --but this isnt about me
both ways you can either make it or be in a world of crap
the best thing is RESEARCH---crunch those numbersw--consider how hard you want to work--and how much you want to see home
not to critisize but i think dick didnt check and see just what the actual cost per mile or day is going to be--or the tax advantages of leecing to owning is--just from his posts
i definately cant say which is better----what works for one person doesnt work for another

 

Factory Warranty DOES NOT PAY the BILLS when the truck is sitting at the dealer.

2010 T660's have a few RECALLS that yours might need to be checked

Axles
Steering
Latches
Suspension
Steering Column

 

That's the way it read to me as well,.......

Everyday I have a better understanding as to what has caused this industry to go to hello,...And one of those things is the lease scams so many get suckered into,....

 

Dick,

There are a lot of options when it comes to buying a truck versus leasing a truck. I have researched this myself. Select Trucks offers a 2yr 200K mile warranty on used freightliners that includes the EGR system. I believe it is a $1500 dp for the truck. Also, Arrow offers a program as well.

I do have a couple of questions for you. What are the specs for the T660. Did you have to put a down payment for it?? What happens if Swift does not give you the miles to run this truck???

KH

 

Really!?!? If you add 20% to the rate of a truck load of eggs it would add less than 2 cents per dozen. Fuel lets think about that. 6000 gal of fuel going 300 miles at 2 bucks per mile. 20 % would add 40 cpm or $120 to the trip. Do the math on that comes out to .02 per gallon.
I would pay 2 cents more for the stuff I buy if it would help the rates go up by 20%
So Mr. Jones what do you think would happen if the rates went up by 20%? I fail to see the problem but I might be missing something.

 

Lease ops get no benefits; No paid holidays off, no paid sick days, no paid personal days, no paid vacation.

Medical insurance premiums will normally be higher than what a company driver would pay through a group plan provided by the carrier.

Dental, vision, life, and disability insurances will be the lease operators responsibilty. Workers comp will be needed (or at least the lower cost occupational insurance if offered) in most cases as well.

Other things that trip up new lease operators is the self employment tax hit. 15.3% of your net earnings will be subject to this tax. You WILL need to make esimated payments each quarter so be sure you are setting aside money from each settlement.

Other problems are your truck payment, Bobtail insurance (unladen insurance), and other "incidentals" (ie; qualcomm, trip pak, transflo, prepass, fuel tax reporting) fees may be deducted on a weekly basis by the carrier. Other traditional financing is based on 12 monthly payments rather than 52 weekly payments. At the very least you will make 4 additional truck payments a year in a carrier lease program.

In the event of a breakdown the lease operator will be sidelined while the truck is in the shop meaning no revenue. Sorry warranties do not cover your down time. I hope you have the resources to rent a truck to continue working or you may have to give up that load you were under.

Good Luck!

 

Its a good thing that trucking companies haven't found a way for the drivers to pay the company $3.00 a mile for the privilege of working for them!. (NAAA they wouldnt do that!