Lease op income 2021

Discussion in 'Lease Purchase Trucking Forum' started by Slim one, Jun 26, 2021.

  1. Slim one

    Slim one Light Load Member

    56
    7
    Oct 23, 2013
    0
    Hi everyone! The company I drive for as company driver allows some drivers to switch for lease and the difference in income is huge.The drivers I talked to reports 2 times more income after all expenses then company drivers for doing the same job. Same dispatchers. Dry van.1700$ per week payment for truck, trailer, insurance, elog. I personaly make around 2700$ weekly driving 3600 miles and 0.75 c/mile. 1099 tax form. They claim making average 5000$ weekly after all expenses. How this can be? Is there any trick or it is real now? What is the point for company lease their trucks and let some guys make 2 times more $ for the same job that company drivers do?:scratch:
     
    Last edited: Jun 26, 2021
    Jarhed1964 Thanks this.
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  3. CAPTransport

    CAPTransport Light Load Member

    98
    186
    May 7, 2021
    Fayetteville, NC
    0
    Sounds high for the payments. My weekly payments for truck, insurance, elog, etc. is around $780, plus fuel. I GROSS around $3,800 to $4,500 a week and NET around $1,800-2,000 before taxes. I've dealt with breakdowns and still have never exceeded my maintenance escrow they withhold. By the time I pay for taxes and health insurance. I'm paying myself $800 a week and keep the remainder of my earnings in my business account for savings which is typically another $300-500 a week after taxes. On the company side, I never did a full year as a company driver but the 8 months I was company, I was on track for $58K, taking home around $800-1,000 a week. They pay is not much higher, but at the same time I choose where I want to go, drive a lot less, and I'm home a lot more. When I was company under forced dispatch, I was staying out weeks and driving 2,800+ a week. Now I'm taking 3-5 days off every couple weeks and averaging around 2,000 miles a week. If you weren't as lazy as me and still wanted to drive hard, you could make a lot more. But I'm happy with what I got at the moment. Once used truck prices go down, I plan on buying one and going on my own authority.
     
  4. Judge

    Judge Road Train Member

    5,192
    29,063
    Mar 19, 2014
    Newport, Ar
    0
    I doubt it’s 5g after they expenses, probably before, then after fuel, around -1300/week then the -1700 Leaving Around 2grand but you’re responsible for all expenses, breakdowns, no revenue in while truck in shop, but plenty of money going out.
     
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  5. markealy

    markealy Medium Load Member

    683
    530
    Jun 20, 2013
    EL PASO
    0
    I make any where between 0 to 6k aweek after expense where are you buying your fuel REMBER TRUCK DRIVING IS A INDIVIDUAL JOB ...IT UP TO YOU
     
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  6. Judge

    Judge Road Train Member

    5,192
    29,063
    Mar 19, 2014
    Newport, Ar
    0
    I want to see proof.
    I can say I make 10k a week.
    No.
    Let’s say 100,000$ a month. That sounds better.
    Let’s see paperwork.

    BA894C5C-88A3-4A3C-9653-720876DAD19B.png
    Last 7 days.
    ALR & WRT is broker fee for the two I hauled for, not lease op, but owner/op
     
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  7. markealy

    markealy Medium Load Member

    683
    530
    Jun 20, 2013
    EL PASO
    0
    Ask and you will receive
     

    Attached Files:

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  8. markealy

    markealy Medium Load Member

    683
    530
    Jun 20, 2013
    EL PASO
    0
    If you need more proof go to my tab all my pay statement is there
     
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  9. Judge

    Judge Road Train Member

    5,192
    29,063
    Mar 19, 2014
    Newport, Ar
    0
    Grain haulers don’t get FSC,
    Very few do anyhow, some companies if you lease to will have.
    My payment aren’t 1700/week for truck trailer and insurance, it breaks down 805/week for all three, with insurance being the highest at $350
     
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  10. roundhouse

    roundhouse Road Train Member

    1,061
    1,891
    Jul 11, 2018
    0
    When the truck breaks down. Its all on you .
    The tow bill and the repair bill and the loss of revenue while your truck sits at a shop for Six weeks, because they can’t get the parts because of covid.

    But you’re still making the truck payment and insurance payments

    if you’re a company driver , you hop in another company truck and keep rolling.


    But the success or failure of owning your own truck comes down to how well you can manage the business end of the trucking .
    And can you do the small repairs ?
    Or are you going to be calling a roadside mechanic or putting the rig in a shop every time it needs a new headlight or a new sensor for the emission system ?

    can you read the engine trouble codes and figure out which of the hundreds of sensors is bad and replace it ?
     
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  11. markealy

    markealy Medium Load Member

    683
    530
    Jun 20, 2013
    EL PASO
    0
    I know I don't worry about towing its coverd and as for my lease they will put my truck note on the back of my lease after 3days in the shop I fix my own headlights gresse simple things warranty cover 100% unless I crash it
     
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