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My lease adventure

Discussion in 'Lease Purchase Trucking Forum' started by Rooster1291979, Aug 6, 2014.

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AkinNAUY Bobtail Member

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Great post rooster... You have convinced me. I Was a company for ATS before the holidays and I had to leave because I could not keep the truck during my absence (had to go to Philippines to address some personal matter). I will be returning back to work soon and I will definately go back to ATS and do lease/rental program.

ATS is a great company because u decide your paycheck. They do not micro manage at all... However as a company driver I was still being held back b cause I did not have freedom of choosing my loads. Safe trips and go ATS...

AkinNAUY, Feb 5, 2016

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dukeofearl Thanks this.
Rooster1291979 Road Train Member

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AkinNAUY said: ↑

Great post rooster... You have convinced me. I Was a company for ATS before the holidays and I had to leave because I could not keep the truck during my absence (had to go to Philippines to address some personal matter). I will be returning back to work soon and I will definately go back to ATS and do lease/rental program.

ATS is a great company because u decide your paycheck. They do not micro manage at all... However as a company driver I was still being held back b cause I did not have freedom of choosing my loads. Safe trips and go ATS...
Click to expand...

That's funny. My folks are in the Philippines right now. I'm half Filipino.

Rooster1291979, Feb 9, 2016

#172

AkinNAUY Thanks this.
AkinNAUY Bobtail Member

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Haha... Nice

AkinNAUY, Feb 9, 2016

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volvoboy Light Load Member

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Doesn't ATS have a load broad that you can pick all of your loads from?

volvoboy, Feb 11, 2016

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dukeofearl Thanks this.
AkinNAUY Bobtail Member

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volvoboy said: ↑

Doesn't ATS have a load broad that you can pick all of your loads from?
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As a company you run the load assigned to you by dispatch. As a contractor you get to choose from a list of loads.

AkinNAUY, Feb 11, 2016

#175

dukeofearl Thanks this.
volvoboy Light Load Member

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How many loads do you get sent at once?

volvoboy, Feb 11, 2016

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AkinNAUY Bobtail Member

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volvoboy said: ↑

How many loads do you get sent at once?
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As a company only 1 as a contractor dependent on your location.

AkinNAUY, Feb 11, 2016

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KingG239 Medium Load Member

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AkinNAUY said: ↑

As a company you run the load assigned to you by dispatch. As a contractor you get to choose from a

Do you have to run 48 with ats? Or you could do Regional or local.?
Click to expand...

KingG239, Feb 12, 2016

#178
Gary Martin Bobtail Member

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Rooster1291979 said: ↑

There are so many negative postings about leasing. So many negative and inaccurate postings about leasing. Most of the posts I read on here are replied to and started by people who have never leased. Its always second hand information they are referring to.

I have decided to start my own thread about leasing. Just to shed some light on 1 lease drivers experience and maybe change an opinion or two on the subject.

I have 2 years OTR experience. I started leasing 6 months after I went solo. I had read all of the stories and instead of listening to all of them, I did research. I looked at the contract, I ran the numbers, compared them to my company checks. Most importantly I was honest with myself about what my ultimate goals were.

I have been with 2 companies. Leased with both. The first company was bought by another company and I did not enjoy the new policies and the micro management. I left and came to the company I am with now. I am a flatbed driver for ATS.

Break down of my lease.
My lease is 52 weeks. This is NOT a lease purchase. Straight up rental. I am fine using the word rental, its honest and it suits me currently. At the end of my lease there is a completion bonus, and the refund of my escrow accounts. There are several options at the end as well including the opportunity to enter a lease purchase with current truck, different used truck, or new truck. Also the option to use the completion bonus as a down payment to finance a new truck. I will not delve too deeply into these options as I am not 100% on the details and it is not important to my current lease.

My fixed costs are $610 per week. This includes truck payment, insurance and qualcomm.
My variable costs are 15.5 cents per dispatched mile. 4.5 per mile is for the equipment I purchased through the company. Straps, chains, binders, tarps etc... This account is about to be paid off bringing my variable costs to 11 cpm. Included in the 11cpm is my maintenance, ifta, and 3.5cpm tire, oil change, brake and emissions charge. Means tires, oil changes, brakes and any emission repair are covered by the 3.5cpm charge and do not come out of my maintenance account. Maintenance account tops out at $10000.

My pay is as follows
I make 65% of the line haul, 100% of the fuel surcharge, 100% of any tarp charges, 100% of any stop charges, 65% of repositioning fees, 65% of any OD fees and 65% of any detention.

Now that all of that is out of the way I have one last thing to say before I really start this thread. I HAVE NO DESIRE TO OWN THIS TRUCK OR ANY TRUCK AT THIS TIME. Don't waste your time telling me I will never pay it off. You are right, I won't because I don't want to. Currently I can choose to walk away from this lease with no penalties. I can't do that if I am financing a truck. I am not 100% about the direction I want my career to head. I love what I do, I am just not ready to make the commitment of a true OO.

Now, I will be actually be discussing pay on this thread. Posting screen shots of settlements. I will be 100% open and honest about the good weeks and the bad.

Things I will not discuss.
Taxes. I pay them. What my deductions and amounts paid are my business.
Specific rates. My company probably would not want me to list exact amounts and breakdowns of individual charges. I will do this in a round about way, but nothing exact.

So... with no further gilding of the lily lets get started. Working on my next post now.
Click to expand...

I start class on the 21 what can I expect when I get there. As of right now iam in the # 1 spot to pick truck. As long as no rehire comes in. Looking to getting started. Should I go for newer truck or stay around the cheaper onset.

Gary Martin, Mar 9, 2016

#179
57104 - Ya Heard! Light Load Member

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Rooster, thanks for the info. There are lots of us out here that don't necessarily pipe in but we still enjoy the info derived from your personal experience and willingness to post. Even if you don't do it anymore or to that detail, thanks.

57104 - Ya Heard!, Mar 19, 2016

#180

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