JCT lease purchase data. Know before you go.

Considering JCT? Know what you are getting into before you jump. The only way to make an intelligent decision is to have facts, not hearsay.

Three years of data from my runs. Here are loaded only miles :

Notice most counts between 2,500-3,500. I take off about 8 weeks a year and this shows in the low bars. Vertical is number of weeks.

Empty miles:

That high number is legit, 2021 for the week. Empty is paid the same as loaded!

A scatter chart of the above:


TA

 

Wow! Thanks for HalpinUSout!

That was some incredibly insightful data you graced us with. Awesome! Way to go, Bro!

As the title suggests, I'm only going to put up data. Not ever going to say "stay away" or "sign away". If a person is given facts they can make their own decision.

TA

 

Paid Miles ................358,930
Actual Miles Run....377,697
Unpaid Miles.............18,767
% Unpaid......................5.23%

About 1,000 miles of the unpaid was personal use so out of route is a little lower at 4.95% unpaid.

This could be lower but I don't always take the shortest route.

TA

 

Total all miles: The bulk falls into the 2,500/3,500 range. 2440 includes all off weeks, too. Counting only work weeks it falls in at 3,000.

TA

 

And the most important siht; what can you expect to make, or not make, such as the case may be? (Please read the final note about PPM and net pay)

Right off the bat, net pay:


Once again, this includes off weeks which brings the number down. The vast majority fall between $700 to $1,400 with the largest amount between $1,050 to $1,400. (Don't forget the note!)

How do increased miles affect the pay?:


The increase is very linear indicating that fixed cost are relatively small and profit per mile (PPM) will stay very flat throughout any mile increase (see chart #4).

So what's the PPM look like?:

The largest group is $0.35 to $0.70 bar (see chart #5 for where it clusters), and again, see the note on PPM. Ignore the outliers! They are included for the sake of completeness.

PPM vs. miles:


As noted above, increased miles have very little affect on PPM.

And PPM vs net pay:


Can you live on that?

I hope these honest numbers help someone thinking about this route stay away....or sign away...whichever the case may be.

A lease-on here with a paid for truck, under this situation, would yield another $0.18 per mile. Different trucks have different rates.

If the lease is completed the truck can be purchased for $1. (I wish I knew what the rate was but would hazard a guess its less than 5%, maybe closer to 2%. That goes on nothing more than my observation)

I have my personal thoughts on if this is good deal or not but will not say as I just want to provide unbiased information.

Regards,
TA

**Note about the PPM***
The PPM is calculated on the low side! What is not included is $0.02 bonus money and I volunteer $0.07 over the required maintanence deduction. It is also rounded down from just under $0.38. So, add $0.09 to bring it to just under $0.47 cents per mile. Adding this would, of course, raise the pay figures shown above.