I would like to hear from those presently involved on the I C side of Maverick and what you think about it. How does it work and if you had to do it all over again, would you still do it.
Thanks in advance for your information!![]()
Is The Maverick Lease Program Any Good
Discussion in 'Maverick' started by JimTheHut, May 2, 2010.
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I have had the chance to talk to a couple of IC drivers and they seemed very positive about the program. Did not have any time to get any specifics though...I will keep trying.
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Jim, I've read alot of your posts in here and want to tell you how much you have helped me in my decision to apply to Maverick. Waiting to hear back on my application but I just put it in on Thursday. I too am from Ohio and hoping all goes well. I've had my CDL for three years but hardly anu class A exp, its been all class B. Good luck to you and thanks again
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Hope you get on board! Best of luck to you!
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He went to mercer and I took a local gig. He was trying to talk me in to coming over there. My local gig did not pan out and I went to mercer. Due to the freight issue and bouncing too much I left and he did as well. He took a local and I did as well. He is hauling livestock and now that freight has picked up is wanting to go back to a lease with mav. He keeps telling me if I do he will too. I am done with trucking.
I will say there is a mav IC that has kept a very good records of his IC exp. Next time you are in NLR go upstairs and ask for brad vaughn. Ask him if he can put you in contact with that mav IC. Tell him notarps told you about him. Brad had told me about him when I was looking to go IC. There is a waiting list or was and you have to have 0 points and meet the requirements to be put on that list. You will also need the approval from your FM. Mine gave me the green light to go. They want to make sure you can run and survive. They do not want you to fail. If you are not high end on the co side you will not make it as a IC. Ed would also be a good one to talk too about it.
I would suggest staying co for a couple years tho and learn the system. I would not rush into it until I knew freight was good. Also you want to start about april or may no later so you can bank up when freight runs hard. So you can survive the slow season in winter. -
Thanks for the info. This is long range planning at this point. I am in no rush, but when the time comes, I want to have all my facts and figures straight!
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You are welcome. I just remembered there was another mav IC at the fort one day and he was saying his lease was almost up and he was taking the truck somewhere else. Said he was tired of them changing stuff. I do not remember all the details and he was talking to another IC. I was sitting there watching TV, but listening. It was something about them changing the policy on the maintenance fund. I think it was if an item was under a certain amount you could not use your maint account fund, but had to use cash. I don't remember a couple hundred bucks or so. Too me that would not be a issue because just about any item you purchase for a truck will be at least that much.
I do see his point tho, the money is his. He should be able to use it for the truck. I guess they want to make sure you build the account up in case of a major expense. He may have just been venting or blowing off steam or he may have been serious. -
Here is an article that I found on the internet....anyone agree or disagree with this?
In the world of truck driving, many newcomers are lured into the realm of becoming an owner operator. Given the choice of earning .34¢ per mile or $1.15 per mile, it is not difficult to understand why someone would choose the route of higher earnings. At 2500 miles per week, the difference of $2025.00 extra per week deserves attention. However, when dealing with professional truck driving jobs, you must deal with reality.
In an industry where the driver averages 100,000 miles per year, an owner operator compensated at $1.15 per mile is looking at grossing $115,000.00 annually. Compared to the average company driver at .34¢ per mile, their annual gross is a mere $34,000. Why would anyone choose a $34,000 yearly income more than $115,000 while performing the same duties?
Although owner operators are declining, there are still those companies that advertise proudly that they are a 100% owner operator fleet. Some have even raised the compensation to an enormous $1.50 per mile. At 100,000 miles per year, you are now facing a gross income of $150,000 per year! As a newcomer searching for a new career and a company willing to place you in "your own truck," the excitement of earning that kind of money is hard to turn down. You want the freedom . . . you want your own business . . . you want $100,000 plus per year. It all sounds great. Now, let me take you to reality.
Owner operator lease programs are a way for new drivers to "own" a truck. The driver is responsible for all expenses, including fuel and repairs. Although there are some who do well with it, the majority of these owner operators will fail. To me, a lease owner operator is nothing more than a glorified company driver. Let's take a look at a profit and loss analysis sheet for an owner operator and a company driver, and you be the judge:
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Company Driver: Profit and Loss - Based on 100,000 miles per year
- Compensation : .34¢ per mile = Driver's Gross income - $34,000
- Misc. Expenses, including meals # $125.00 per week = Total Cost - $6500
- *Tax withholdings # 15% = Annual deductions - $5100
- Company Driver NET annual income = $22,400.00
- Company Driver NET weekly income = $430.77 *Tax withholding is estimate only at 15% average And now . . . the "owner operator": Owner Operator: Profit and Loss - Based on 100,000 miles per year
- Compensation : $1.15 per mile = Driver's Gross income - $115,000
- Truck Payment # 1,333.35/month = Annual Cost - $16,000.20
- Collision/Comp. Insurance = Annual Cost - $6300
- Bobtail Insurance = Annual Cost - $804
- Licenses = Annual Cost - $1,835
- Permits = Annual Cost - $525
- Accounting Services = Annual Cost - $725
- Tractor Fuel = Annual Cost - $39,397.06
- Truck Wash = Annual Cost - $701
- Telephone = Annual Cost - $1,624
- Meals = Annual Cost - $6500
- Tolls = Annual Estimated Cost - $1,275
- Taxes (Road, Use, Fuel) - $1,755
- Taxes (Personal # 15%) - Annual Cost - $17,250
- Misc. Expenses - Annual Cost - $500
- Maintenance # .06¢ per mile = Annual Cost - $6000
- Total Income to Owner Operator = $115,000
- Total Cost of Operation = $101,191.26
- Owner Operator NET annual income = $13,808.74
- Owner Operator NET weekly income = $265.55
________________________________________________________________________The figures speak more loudly than words. This analysis is also based on the fact that everything goes just as is. A few tires blow out . . . a blown engine . . . and you are now in the red. It is not difficult to understand why the trucking companies love the lease owner operator. 100,000 miles per year at 60 MPH will take you 1666.66 hours to drive in a perfect world. This owner operator's net annual income shows that they performed this hard, difficult life for $8.28 per hour.
The "freedom" of being an owner operator is a myth. Turn down a load or "head home" whenever you want, and see how long the company will make you sit afterwards. As a company driver just drive . . . without the headaches and expenses associated with the owner operator program. If over the road truck driving is in your plans, think hard about the possibilities that await you. Like everything in life . . . learn all you can BEFORE you begin the journey. It is imperative that you know the truth. -
Hey, Jim. I'm glad you started another thread- that other one is getting too long. There's a bunch of us following you on here. I'm glad to hear about your and other Mav's experiences on the road. Hubby's been with them a few months and still likes them. Mostly because of the hometime. He's only been hung out 2 weekends so far. They changed his FM a few weeks ago from Charlie to Beth and she's not running him as hard as Charlie did but he's still making more with Mav than he was at USX!
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Hey Jim I have just recently joined this forum and i am scheduled to be at orientation on Sunday. I just wanted to let you know that your posts have really helped me with my choice. Thanks and keep them coming.
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