Lease to rent program
Discussion in 'Lease Purchase Trucking Forum' started by tamowinnin, Aug 27, 2022.
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How do you figure you'll less taxes than you are at Schneider?
It's more likely that they are instead simply running spot market/loadboard freight with variable rates and unpredictable freight volume/opportunities.
Essentially, these places are 99 percent of the time lying to you. You're better off as a W2 paid company driver. Save up your money over time and learn some about the business here on the forums reading for at least a year then make the move to ownership after you've acquired working capital and knowledge.
Now, I want you to do some math. They claim 2500/week to you. Subtract 950 for truck payment (which is absolutely a rip off), then subtract another 450 for insurance, 250 escrow, 35 ifta and 100 for their admin fees. What are you left with? It doesn't even cover a single day worth of fuel.
You will be turned into an indentured servant. Nothing more than a slave living on a modern-day plantation if you take this, "deal". Again, read the endless amount of information here on the forum to save yourself from being taken advantage of and always do the math.
These big companies lie with reimbursement for travel which I haven’t gotten paid for can’t take food with you bcs you have bring clothes for a whole 3 week worth of trip you make 2000 then after taxes like a good 1550 because im single with all fees like food for the week etc i stay with 1100.. for example i made 1450 on pay check they took 300 dollars of taxes is crazy amount
AModelCat Road Train Member
- Jul 7, 2015
$68k a year for truck payment? Sounds like you're getting hosed on that deal.alds and ProfessionalNoticer Thank this.
aussiejosh Road Train Member
- Aug 28, 2009
roundhouse Road Train Member
One way or another .
you came here and asked for advice .
And you’re going to ignore it because you think you won’t have to pay income taxes on a 1099
Be the company driver for a while .
Let the company worry about the fuel costs and tires and maintenance and insurance and breakdowns and repairs and finding the loads etc etc etc .
i know company drivers that have earned $60k already this year on a W-2 . Without working that hard and being home every weekend .Last edited: Aug 29, 2022
merv85 Light Load Member
- Mar 24, 2020
eventually when IRS knocks on the door then they realize how foolish the whole internet knowledge is.JoeyJunk Thanks this.
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