Leased from TEL on to USA Truck

Discussion in 'Lease Purchase Trucking Forum' started by Daddy Titanium, Oct 12, 2021.

  1. skyviper73

    skyviper73 Heavy Load Member

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    Feb 17, 2012
    Centennial, CO
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    Looks good. I was an O/O at Schneider back from 2014-2016 with my own beater truck. I'm looking at all my options. It looks like USA works like SNI did with picking loads off a board ect. That's something I need if I'm running my own truck. I never leased a truck before though. How was that process at USA? Do you have your own truck or did you lease one through USA? What are your weekly payments? ECT. I saw your settlement. Ran hard, 3900+ miles, but nice take home. I only ask because I did not see a truck payment on your settlement. Thanks in advance!
     
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  3. Daddy Titanium

    Daddy Titanium Light Load Member

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    Aug 24, 2021
    NW Ohio
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    My truck is leased from Transport Enterprise Leasing, I do have a payment but that was my 2nd settlement I did not have a truck payment yet, I will have my settlement for this week in a few hours. Will post then…
     
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  4. Daddy Titanium

    Daddy Titanium Light Load Member

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    Aug 24, 2021
    NW Ohio
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    Here it is the magic…. 8FC7E37D-BACA-4884-8ADD-A581A28AF53C.jpeg
     

    Attached Files:

  5. ibcalm19

    ibcalm19 Road Train Member

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    Nov 30, 2015
    Pennsylvania
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    What truck did you get?
     
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  6. Daddy Titanium

    Daddy Titanium Light Load Member

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    Aug 24, 2021
    NW Ohio
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    Peterbilt 579
     
  7. markealy

    markealy Road Train Member

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    Jun 20, 2013
    EL PASO
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    Simply awesome.....great job ...I got to step up.my game ...you crushed me this week iam staying out.till the 24th.and didn't you go home that week to for a 34 ​
     
  8. Daddy Titanium

    Daddy Titanium Light Load Member

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    Aug 24, 2021
    NW Ohio
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  9. Daddy Titanium

    Daddy Titanium Light Load Member

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    Aug 24, 2021
    NW Ohio
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    Here is last week’s settlement.
     

    Attached Files:

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  10. pnw guy

    pnw guy Bobtail Member

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    Jun 18, 2018
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    Curious on a few things as I've not seen it in deductions,
    who's paying ifta&OR?
    What was your startup costs?
    Reserve funds?
    Plates up front or installments@usa?
     
  11. Daddy Titanium

    Daddy Titanium Light Load Member

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    Aug 24, 2021
    NW Ohio
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    ifta is settled once a quarter, no more than $125 per week usually up to 4-5 weeks max.

    my startup cost was simply the time I spent waiting for a truck and the signature. The cost to file an LLC in Ohio was $69. USA Truck paid the $1500 security deposit as my hiring bonus.

    I had $169 loan from myself to my LLC, the when I got in my truck I had to purchase fuel on comdata card at a small fuel station that accepted comdata to cover it. My first deposit covered my fuel for the first 2 of 3 fillups the second week creating larger deposits the third week I did not use comdata except for def.

    If by OR you mean heavy highway tax use, that is built into the truck payment.

    plates are in USA name as the truck is registered to them as they are guaranteeing my lease payments… so they pay the plates.

    after 4 weeks of running my reserve cash is currently at $6300 with another $7000 being deposited Friday…. I’m paying myself a little more than I will after Christmas.
     
    Last edited: Nov 23, 2021
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