Leasing on. Newbie question

Discussion in 'Ask An Owner Operator' started by Zero Fox, Dec 11, 2021.

  1. Zero Fox

    Zero Fox Bobtail Member

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    Howdy,

    I just bought my first tractor. I’ve met with a fellow to lease on with and feel good about how things are shaping up. I guess my first question is:

    Should I use his EFS card or get my own?
    He said either way is fine, but I wasn’t sure if actually getting my own might be better for establishing business credit or tracking for IFTA.

    I have been lurking off and on for years and appreciate any feedback.
     
    BennysPennys Thanks this.
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  3. ibcalm19

    ibcalm19 Road Train Member

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    I would have my own. It's a independence thing for me.
     
    feldsforever, Bean Jr. and Zero Fox Thank this.
  4. abyliks

    abyliks Road Train Member

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    I just use a regular credit card, if he’s taking care of ifta though I would probably use his
     
    feldsforever, Bean Jr. and Zero Fox Thank this.
  5. Zero Fox

    Zero Fox Bobtail Member

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    IFTA is on me Are you missing out on fuel discounts using your credit card or are you fueling at the mom and pop places with better prices in the first place?
     
    Aamcotrans and feldsforever Thank this.
  6. Long FLD

    Long FLD Road Train Member

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    You can use the Mudflap app with your debit card and get pretty good discounts depending on where you run.
     
  7. ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    If you're running your own plates/IFTA than use whatever suits you best. Personally, nothing is beating Mudflap for me right now. I absolutely love that it's literally no strings attached.
     
  8. vangtransport

    vangtransport Heavy Load Member

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    Use his if he gets a discount on fuel. He can separate usage by card/unit for IFTA. If you chose to get your own check out Fleetone (EFS). Decent discounts but mostly at smaller truckstops, they also offer decent tire discounts. Example of fuel discount: Circle K (AM Best) Pump price $3.49 my price $3.05, there's a TA in the same area @ $3.61.
     
    Last edited: Dec 11, 2021
    Reason for edit: To Add
    feldsforever, Ruthless and Zero Fox Thank this.
  9. Zero Fox

    Zero Fox Bobtail Member

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    Thanks !
     
  10. abyliks

    abyliks Road Train Member

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    mudflap or mom and pop plus 1% back on the card, or buy in bulk for the yard
     
  11. Opus

    Opus Road Train Member

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    Here's what you need to consider as well.
    The IFTA deductions / allowances may be tied to his card. In other words, if you use your own card, he might not have visibility to your purchases.
    So, just ask.
    At Schneider, they simply asked that you fax your fuel receipts if you were going off their card.
    So, like I said, just ask your carrier.
    Good luck.
     
    Zero Fox Thanks this.
  12. Opus

    Opus Road Train Member

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    Here's what you need to consider as well.
    The IFTA deductions / allowances may be tied to his card. In other words, if you use your own card, he might not have visibility to your purchases.
    So, just ask.
    At Schneider, they simply asked that you fax your fuel receipts if you were going off their card.
    So, like I said, just ask your carrier.
     
  13. Ruthless

    Ruthless Road Train Member

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    I got a new amex with 2% back to 50k a year on anything/

    amex business cash/blue card
     
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