Leased from TEL on to USA Truck

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

  1. markealy

    markealy Heavy Load Member

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    I OWN YOU THIS WEEK .......
     
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  3. Daddy Titanium

    Daddy Titanium Bobtail Member

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    Alright guys my last month has been quite a ride…

    If I break down my numbers, I have 8 days at the house not including 2 nights I did a 10 and a full 34 on another occasion.

    I had a $33,424.97 to the house that’s a total of $50,643 to the truck.

    the $33,424.97 is before any deductions, out of that I have paid my truck payment, (no payment first 2 weeks of the lease) fuel, insurance, deposit on geotabs(eld tablet) and tolls, I have not settled ifta yet.

    My deductions were a total of $11,597.56
    My deposits were a total of $21,827.41
    Fuel out of pocket was $4412.35
    Total profit. $17,415.06

    That was my first month…

    please tell my how a lease purchase is a bad thing…
     
    Last edited: Nov 25, 2021
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  4. Daddy Titanium

    Daddy Titanium Bobtail Member

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  5. Pepper24

    Pepper24 Road Train Member

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    Wow what is USA paying like 3 dollars a mile for all miles?What that a year like 400,000 dollars.I think when nobody knows you and your posting on a chat line you can put anything up here but the problem with that is just because you post it doesn’t make it true.I think if life was that great at USA where you could simply walk in of the street and make 400,000 a year they wouldn’t need a recruiting department because nobody would leave.Thanks but no thanks LP is still the dumbest and most expensive way to try to buy.
     
  6. markealy

    markealy Heavy Load Member

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    WOW WOW WOW .......I THINK I GOT YOU BY 23.00.....LOOK IAM SO PROUD OF YOU ITS GREAT TO TALK TO YOU DAILY YOU HAVE SHARED SOME GREAT FRIEGHT AREAS WITH ME IAM IN CARLISE TRYING TO TOP YOUR 50.00 PM ....THANKS BROTHER
     
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  7. markealy

    markealy Heavy Load Member

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    you are saying its stupid lets do the math lets see how much down on a new peterbulit and how much down whats a better write off on taxes depreciation value or lease payment whats your start up cost personlly ill take my lease over buying MATH dont lie
     
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  8. Daddy Titanium

    Daddy Titanium Bobtail Member

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    so since you seem to be having such a hard time with this, let me see if I can break it down for you.

    first off, if I say it it’s true, I don’t have any reason to lie, I could give a flying f$ck about you inability to understand facts and look at the proof I have posted my settlements. If your not smart enough to see the proof is in the numbers. Then I see why you are hell bent against a lease. That’s your proghtive, but you won’t come in here and be such a cowardly little snowflake and stop just short of calling me a liar.

    I think your real issue is you are pissed you made such bad decisions in your career you hate to see others do what you failed, @markealy and I are just trying to prove to others that a L/P is not a rip off from the start. You and the cult of dipsh1ts that think like you are the ones we are trying to prove are wrong.

    USA Truck does not pay IC drivers by the mile, we are not forced dispatch, we pick our own loads and get paid a percent of the linehaul. We make 65% of the linehaul and 100% of the fuel. Most drivers, get an extra 1% for collision avoidance system pay, since all new vehicles have it most earn it. We can earn another 1% to have bidirectional dash cams. I do not have that.

    USA Truck has some real good loads that pay very well, they also have some #### so cheap I’d lose money hauling it. The benefits of a percentage based self dispatching structure is you only have no ceiling on earnings and only you get the credit for the money you earn. Only you get to shoulder the blame for a bad load or week. You get out what you put in. Studying the load board is just as much a part of your job as doing a Pre trip or trip plan.

    you can talk all the trash you want, about a lease purchase but if you go through TEL and drive at USA you are the only one preventing you from making money.

    The biggest keys to successfully leasing are simple.
    1.) don’t lease from the same place that you lease on to.
    2.) don’t lease on to a company at a rate per mile.
    3.) don’t lease onto a forced dispatch.
    4.) don’t think you know everything, you can learn from a new driver, a company driver and an old school driver. I have been schooled by men, women, new drivers and company drivers. I’ve also taught veteran drivers a few things.
    5.) you are running a business, first and foremost, be smart with money and find savings everywhere.
     
  9. Michael 247

    Michael 247 Medium Load Member

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    Thanks for All the info ya'll share...is there a Balloon Payment at the end of regular payments ??
     
  10. JoeTruck

    JoeTruck Medium Load Member

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    That is great for your first month. There is always a learning curve with a new company.
    Please don't minimize the importance of tax planing and the organization of your business.
    Uncle Sam has destroyed many trucking companies.
    From reading this thread I don't have to tell you to plan for a rainy day but anyone thinking of leasing should have six months of living expenses before they sign on.
    USA gives drivers the greatest opportunity for success by leaving it up to you, which loads you pick. When and where you run.
    Now for the negative, these rates will come down. They always do. The only question is when.
     
  11. Daddy Titanium

    Daddy Titanium Bobtail Member

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    that seems to be the question every o/o and company is asking…

    I don’t see the rates coming down for a long time, I don’t want anyone to take this political, but as Biden cancelled another pipeline, it put a greater demand on North American truckers. That product still has to move, shutting down a pipeline don’t stop the drilling just puts more oil in trains and trucks. Yeah it will increase the price of fuel, but not as high as it adds to the already high demand.

    Ships sitting off the coast waiting to get unloaded only backed up ports around the world, the rest of the world hasn’t stopped manufacturing so we could catch up, soon as ships return to a port they get loaded and turned out again, continuing to sit on the coast, I would say the soonest the rates drop is going to be roughly the same amount of time after the ports were backed up. So if they are backed up 2 years before they have no ships anchored it will be another 2 years to clear out exporting warehouses, before the world economy catches up and who knows what happens in that time…

    Political issues at home will have an impact on the rates too. I’m referring to the hard to fill under paid unlivable jobs that people aren’t happy to take anymore. As long as companies try to take advantage of employees this will help keep the rates high.

    so the better question is when will American politics work for the people not the lobbyist?
     
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