J.B.Hunt Lease Purchase

.50 cpm FSC. I've seen worse.

C.R. England's misleading $1.25 per gallon cap for example.

 

Are you serious about that truck payment? I've never seen a lease purchase program that low. I'm still stinging from when England was ripping me off.

 

The base rate is low, but so are his payments. If JB pays fuel taxes, base plates and permits, then this seems to be a better deal than many I have read about. Hopefully there is some kind of warranty on the truck also.

Don't get me wrong, I am no fan of L/P, just comparing deals.

The up front numbers can be misleading as far as high base rate or low base rate. It's what they pay for you, and what you end up with in your pocket.

What's the difference if you are making 1.40 per mile but your expenses are 1.00, or you make .90 and your expenses are .50. You still end up with .40 either way.

If this post is legit, and his numbers are correct, at least a person can take some time off without going broke like you would with a $900.00 per week lease payment.

 

I love a good spanking

You would be the exception...and not the rule.

Most JB lease ops are gone within 90 days of coming on board. Or at least the ones I have spoken with...that's been the case.

A $1.40 a mile with FSC ?? Forget it !!

2500 miles a week = $3500

Fuel # 7.3 mpg = 343 gallons # $1646 per week.

Which leaves $1850 minus your payment of $258.50 leaves about $1600

A payment of $258, tells me the truck is at least 3 years old. And must be driven at 60 mph to achieve these MPG. Or lots of light loads.

I'll give the MPG to you though. Then that leaves me to work with the remaining balance.

The average escrow account should have at a minimum, 7% of the gross. $245 per week in your case. Most folks like to use 10-15%...let's stick with 7 though.

Now we're down to $1355 a week.

Which has NO taxes taken from it. Nor does it have any health insurance taken from it. How much does your CPA charge you for keeping your books? Or do you fly by the seat of your pants?

Do you have disabilty insurance also?

Since most JB drivers struggle to get 2000 miles a week. Company and lease. The numbers look even more dismal.

Sorry..I'll keep my piddly ### company job. I feel very secure with my little $1k average per week.

 

WHAT kind of break do you get on fuel if any how does it work with JB if you do

 

When I was still at corporate, we offered something like 10% off the street price if the LP Driver waited until JBHT Terminal to get fuel. and there's a terminal in almost every major area.