Leasing info

Discussion in 'US Xpress' started by Derov, Jun 12, 2013.

  1. Derov

    Derov Light Load Member

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    Sep 18, 2011
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    Up front let me say that I'm not looking to lease from USX, I've had my fill of the trucks they buy. I've spent 17 of the last 30 days in the shop and surprise, surprise just went back in last night - 2nd truck. Gotta' love these Internationals they brought in.

    My question is pretty straight forward, how are you lease operators doing with USX? What kind of weekly mileage are you seeing? I could ask a recruiter, but I'm looking for an honest answer. I haven't asked any drivers in the lounge yet either because, in all honesty, they're not much better. The way some people tell it, they're making six figures in their threadbare Fruit of the Loom t-shirts and stained sweatpants - doubtful.

    The reason I ask is that I want to make an honest comparison between what I make as a company driver and what I could make as a leased driver. Below is what my initial estimate is based on my current averages:

    2008 International Prostar

    Lease Operator, monthly:

    Miles per month: 21,000
    Fuel miles per gal: 6
    Fuel cost per gal: $4
    Fuel Surcharge: $0.42
    CPM: $0.84 (Based on dedicated routing)

    Expenses
    Fuel: 21,000mi($4/6) = $14,000
    Lease: $1,300
    Insurance (est. quote, OOIDA): $450
    Maintenance: $1,000
    Total: $16,750

    Income
    Linehaul: 21,000mi*.84 = $17,640
    Fuel Sucharge: 21,000mi*.42 = $8,820
    Total: $26,460

    Gross Profit
    $26,460 - $16,750 = $9,710

    Company Driver, monthly:


    Miles per month: 21,000
    CPM: $0.44 (Based on dedicated routing)

    Income
    Linehaul: 21,000mi*.44 = $9,240
    Total: $9,240

    Gross Profit:$9,240 = $9,240 (Shocking!)

    Conclusion:
    Lease Operator: $9,710
    Company Driver: $9,240
    Discrepancy: $470 + health insurance + implied risk of unforeseen breakdowns + hotel expenses = what a joke.

     
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  3. Derov

    Derov Light Load Member

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    Sep 18, 2011
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    There are several assumptions here, naturally.

    1. Major breakdowns are not a regularity, which as we all know is an unknowable variable. That's the definition of risk.
    2. That insurance quote is remotely accurate.
    3. We're running at least 5k miles per week.
    4. A tenuous 6 mpg.
    5. All figures before taxes.
    6. Leasing from an outside company. I don't see how USX leasers remain solvent, other than driving off the books.

    Obviously, even a slight change in variables brings the profit margin from marginal to non-existent. Near as I can tell, the only 'real' benefits are in non-monetary terms (choosing loads, hometime, etc). Plus, you eventually own the truck yourself which may or may not be good, depending on the value of scrap metal at that time.
     
  4. snowwy

    snowwy Road Train Member

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  5. Casual Trucker

    Casual Trucker Medium Load Member

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    Sep 7, 2012
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    Dude if that is how you figure the costs of operating your truck then please stay as a company driver pretty please but if you really want to take a swim in the lake of the unknown and you just can't help your self Them Follow this Rule
    You Have to Make 4 times what you spend on Fuel for each trip
    If you convince your self that you can do it Cheaper than That Then you are Dreaming really really BIG & you should try the LOTTO you have a better odds if your dream coming through
    NO It's NOT EASY to stay Busy with this rule 4xfuel cost
    But That's The Fact Jack
    [h=1]Simon Says - 50 ways to leave your lover[/h]:biggrin_25523::biggrin_25522::biggrin_2551::biggrin_25513:


    "The problem is all inside your head", she said to me
    The answer is easy if you take it logically
    I'd like to help you in your struggle to be free
    There must be fifty ways to leave your lover

    She said it's really not my habit to intrude
    Furthermore, I hope my meaning won't be lost or misconstrued
    But I'll repeat myself, at the risk of being crude
    There must be fifty ways to leave your lover
    Fifty ways to leave your lover

    You just slip out the back, Jack
    Make a new plan, Stan
    You don't need to be coy, Roy
    Just get yourself free
    Hop on the bus, Gus
    You don't need to discuss much
    Just drop off the key, Lee
    And get yourself free

    Ooo slip out the back, Jack
    Make a new plan, Stan
    You don't need to be coy, Roy
    Just listen to me
    Hop on the bus, Gus
    Don't need to discuss much
    Just drop off the key, Lee
    Get yourself free

    She said it grieves me so to see you in such pain
    I wish there was something I could do to make you smile again
    I said I appreciate that and would you please explain
    About the fifty ways

    She said why don't we both just sleep on it tonight
    And I believe in the morning you'll begin to see the light
    And then she kissed me and I realized she probably was right
    There must be fifty ways to leave your lover
    Fifty ways to leave your lover

    You just slip out the back, Jack
    Make a new plan, Stan
    You don't need to be coy, Roy
    Just get yourself free
    Oh you hop on the bus, Gus
    You don't need to discuss much
    Just drop off the key, Lee
    And get yourself free

    Slip out the back, Jack
    Make a new plan, Stan
    You don't need to be coy, Roy
    You just listen to me
    Hop on the bus, Gus
    You don't need to discuss much
    Just drop off the key, Lee
    And get yourself free
     
  6. Ganja

    Ganja Light Load Member

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    Jan 8, 2013
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    Who's your chemist........ 5000 miles per week..................
     
  7. EasyB

    EasyB Bobtail Member

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    Oct 27, 2012
    Omaha, NE
    0
    Well I lease with USX, just started, I am in a 2010 Cascadia, auto, supers on the rear, new rubber all the way around, nice truck. I had a slow start, but even with that, I still got 2500 first two weeks, now imagine what I will get when I get busy, first take home $1450. Now this won't be every week, but when the week is good, I put most of the money away in savings for those times when my truck gets a hiccup, and needs that "Benjamin" medication from Dr. Bank.
     
    Derov Thanks this.
  8. Derov

    Derov Light Load Member

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    Sep 18, 2011
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    I appreciate the condescension, it really helps get your point across. I would be very interested in your business model that allows you to run 4 times as many miles without using 4 times as much fuel.
     
  9. Derov

    Derov Light Load Member

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    Sep 18, 2011
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    I run team dedicated, 5.5k miles per week.
     
  10. Derov

    Derov Light Load Member

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    Sep 18, 2011
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    Thank you for actually answering my question, EasyB. I think this reflects what I'm saying and helps make my decision easier. With my current company route, I bring home on average $1200-1300 a week. That puts you roughly $150-$200 more per week as a lease driver. Keeping in mind that I am reimbursed for ALL expenses (tolls, scales, equipment, maintenance, etc.), get health insurance through the company, and if my truck takes a dive, I get a new one for free. I guess I really don't see the incentive here, unless you just REALLY want to own your own truck, which by the end of the lease term will have nigh on a million miles on it. Do you feel it's worth it?
     
  11. Ganja

    Ganja Light Load Member

    62
    10
    Jan 8, 2013
    0
    Ok, so your co driver is a clone.....
     
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