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Leasing SFI Jul 22
Discussion in 'Lease Purchase Trucking Forum' started by Roadpilot2021, Aug 1, 2022.
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Another Canadian driver Thanks this.
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2.50/mile?
2500 miles/week?Cat sdp Thanks this. -
Another Canadian driver Thanks this.
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With SFI, all you need is minimum 6 months recent experience to get a truck and to lease on to a company, there are companies that will take you with minimum 6 months experience. So, with just 6 months experience you can lease a truck but would not qualify for the 2 yrs that is required for the jobs you mentioned, is all I'm saying.
It may not be a better option at this point to be a lease op than company driver but doesn't mean that you'll go bankrupt doing it. The weekly payment is not JUST for the truck, it's also part of the maintenance fund they put aside for you. The truck payment itself is about 1k a week but if you can mange your money well, as long as you bring in more than 3k a week, you will not go bankrupt. You may not make much profit but at least it will cover your expenses. Will it be hard, absolutely. Is it impossible, absolutely not. And those good weeks, if you have them, one should plan the extra funds to go to payment for the week that you will be off.Another Canadian driver Thanks this. -
There a millions reasons why but the simplest is with limited experience your goal should be gaining safe experience and mastering the art of doing this job safety.
That doesn't happen in 6 months.
In my opinion someone needs two full safe winters to go through and money saved up before even considering getting a truck.
Beyond the normal struggle during a bad market there's so much more one may not account for.
One example say a deer jumps out in front of your truck and your front end is wrecked.
As a company driver no big deal, they will still pay you. Many would be treated as breakdown pay and they will pay for your hotel.
You lease a truck and guess what, no pay and you're paying for that hotel and still on the hook for those big payments while you cannot work for lord knows how long until that situation can be resolved.
BTW grossing $3000 doesn't cut it, you still got fuel to pay which can be $1200-$2500 in a week depending.RidgeRunner731 and Another Canadian driver Thank this. -
True they would pay me a breakdown pay for the accident as a company driver but it's peanuts and you have to go through a lot of bs going through lots of channels just to make sure you GET the pay. Yes, that is the risk of having your own rig, the cost is on you but more importantly, you will lose time until it is fixed. However, that is what you have to plan for and that's when the good week comes into play. It will be difficult if it happens in the beginning of your lease since you didn't have enough time to save but as time goes by, you should be able to withstand the downtime with no issues if you manage your funds well. Or, don't drive in the snow north and drive during the day so you can see the deer.jackoboyo and Another Canadian driver Thank this. -
Just bring some California oranges and we'll get the moose steak ready and the Kokanee beer too.
Note: You might need to be double vaxed and double boosted.RidgeRunner731 Thanks this. -
Old_n_gray and Another Canadian driver Thank this.
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