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Lease Purchase Programs?

Discussion in 'Lease Purchase Trucking Forum' started by CaptainX3, Jul 3, 2013.

Page 18 of 21
  1. Dec 2, 2013 #171
    CaptainX3

    CaptainX3 Road Train Member

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    Nov 10, 2011
    Fort Worth, TX
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    Was also a consideration of mine, a good friend of mine is doing a lease through Prime. My main issue? The truck payment is insane. $970 a week is what he pays for the payment alone. He's taking home about what I do as a company driver, and that's before he pays any taxes. I refuse to pay that much on ANY truck...
     
    CaptainX3, Dec 2, 2013
    CaptainX3, Dec 2, 2013
    #171
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  3. Dec 2, 2013 #172
    123456

    123456 Road Train Member

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    And,

    alot of those folks end up in trouble over their taxes.

     
    123456, Dec 2, 2013
    123456, Dec 2, 2013
    #172
  4. Dec 2, 2013 #173
    CaptainX3

    CaptainX3 Road Train Member

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    Nov 10, 2011
    Fort Worth, TX
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    Very true. I wonder how many L/P guys out there would've made it successfully if they had gotten an accounting service or something and paid their taxes properly. Definitely food for thought.
     
    CaptainX3, Dec 2, 2013
    CaptainX3, Dec 2, 2013
    #173
  5. Dec 2, 2013 #174
    Trafficcontrolxl

    Trafficcontrolxl Medium Load Member

    487
    445
    Feb 19, 2009
    Omaha, NE
    0
    At an operating cost of .85 per mile a LP driver at jct would be taking .58 per mile to the house plus the value of paying off his rig, putting himself into a position for further profits down the road. Not a bad deal. After all business expenses including my taxes I manage to deposit an average of .51 cpm personally.
     
    Trafficcontrolxl, Dec 2, 2013
    Trafficcontrolxl, Dec 2, 2013
    #174
  7. Dec 2, 2013 #175
    Boy Howdey

    Boy Howdey Medium Load Member

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    May 22, 2013
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    How so?.....
     
    Boy Howdey, Dec 2, 2013
    Boy Howdey, Dec 2, 2013
    #175
  8. Dec 2, 2013 #176
    123456

    123456 Road Train Member

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    By not knowing the requirements pertaining to 1099 drivers.

     
    123456, Dec 2, 2013
    123456, Dec 2, 2013
    #176
  9. Dec 2, 2013 #177
    Boy Howdey

    Boy Howdey Medium Load Member

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    May 22, 2013
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    Well that could be said of any company with leasers.
     
    Boy Howdey, Dec 2, 2013
    Boy Howdey, Dec 2, 2013
    #177
  10. Dec 2, 2013 #178
    nikolas

    nikolas Bobtail Member

    4
    0
    Dec 1, 2013
    Jacksonville NC
    0
    Anyone heard of hillsbros trucking? With there l/o?
     
    nikolas, Dec 2, 2013
    nikolas, Dec 2, 2013
    #178
  11. Dec 2, 2013 #179
    Flatbedn

    Flatbedn Road Train Member

    1,307
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    Nov 12, 2012
    Missouri
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    I don't know your experience level but I started at $.42 cpm at Melton. But miles and rate of pay go hand in hand.
     
    Flatbedn, Dec 2, 2013
    Flatbedn, Dec 2, 2013
    #179
  12. Dec 3, 2013 #180
    luvtotruck

    luvtotruck Road Train Member

    1,978
    1,161
    Jul 30, 2013
    Phoenix Arizona
    0
    JCT Covers a lot of the expenses that an O/O has to shell out for, before they pay the $.90 CPM plus FULL FSC! So you may want to figure your figures a little differently when figuring JCT compared to a full blown O/O The pay the plates and some other stuff as well. JCT is the best I have seen and their mileage rate rather then a crazy weekly payment! Sure Crazy Payment if you run crazy miles It is only fair! I wish you guys luck.
     
    luvtotruck, Dec 3, 2013
    luvtotruck, Dec 3, 2013
    #180
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