OWNER OPERATORS or LEASE PURCHASE Stepdeck/ Flat bed/ Heavy Haul

Discussion in 'Trucking Jobs' started by Sammonsrecruiter, Sep 16, 2010.

Thread Status:
Not open for further replies.
  1. smarttowers

    smarttowers Light Load Member

    174
    48
    Jul 6, 2011
    New Mexico
    0
    Ok based on the $2300 per month to the driver that equates to an average line haul of $8847.

    $8847 total line haul
    -$2300 Driver's pay
    -$2500 Truck payment

    $4047 Left for the rest of the bills.

    These numbers sound reasonable for a business. I'm not saying that the pay is great and maybe they are taking a larger portion then a company who signs on O/O. They are providing a truck with by the sounds of it a real possibility to pay it off.

    I know when I first read about Sammon's they sounded too good to be true but seems like quite a few are saying they do what they promise. I know the no negative paychecks sound like a lot better then the other true flease programs.
     
    SheepDog Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. haulhand

    haulhand Road Train Member

    Guys you are forgetting that they take 25% off the top so of that 18700 they keep 4675. The 74 and 26% adds up to 100% of 75% of the linehaul. I can believe that plates and insurance and maintenance plus trailer rental would eat up the rest of what's left.
     
    American-Trucker Thanks this.
  4. American-Trucker

    American-Trucker Road Train Member

    10,371
    5,083
    Nov 8, 2009
    Charlotte, North Carolina
    0
    So what do you guys have for lease truck options? How much? Specs?




    American Trucker
     
  5. ronin

    ronin Road Train Member

    2,928
    1,708
    Jul 22, 2008
    San Antonio, Texas
    0
    I just applied.
     
    hup and SheepDog Thank this.
  6. dhout

    dhout Light Load Member

    116
    15
    Jul 22, 2011
    Everywhere but Coumbus, OH
    0
    The load pays $2.00 (5-800miles)You get %75. Thats $1.75 to the truck n driver. 1.75-%23 to the driver. Whats left pays insurance fuel ifta ect. ect. then whatever left is to the truck. If all that left is $100 (dvr decided to take off 4-5 days) But next 3 weeks dvr busted his but and made 3000miles. What was left was for tk $2500-3000. This whole time load pay $2 (company get) .25=1.75-(dvr pay).23= tk stuff
     
  7. SheepDog

    SheepDog Road Train Member

    3,474
    2,075
    Nov 30, 2008
    Sand Lake, MI
    0
    Wow,,,okay, all I know is they pay the drvr 26% and the rest goes to the truck. They claim this helps the drvr pay off truck quicker and drvr always gets a check...

    I wish I could hear from a Husband/Wife team that currently drives for them, would love to talk to them.
     
  8. BigJohn54

    BigJohn54 Gone, but NEVER forgotten

    1,972
    1,596
    May 13, 2011
    SW Missouri
    0
    For the record, 75% of 2.00 is 1.50 (2.00 * .25 = 0.50 and 2.00 - 0.50 is 1.50).

    But loads are paying more than $2.00 per mile. I would expect more like 2.40 (1.95 Revenue and 0.45 FSC) less 25% of 1.95 for 1.913 CPM (1.95 - 25% =1.463 + 0.45 = 1.913) to the truck and driver.

    The driver pay part is 26% so that would be 0.38 CPM Gross for the driver portion (1.463 * .26 = 0.38 ). By the time you pay Workmen's Comp, Health Ins, Social Security and Income Tax, you should have about 0.27 CPM Net.
     
    Last edited: Aug 10, 2011
  9. ronin

    ronin Road Train Member

    2,928
    1,708
    Jul 22, 2008
    San Antonio, Texas
    0
    Just for the sake of accurate figurin'... 75% of $2.00 is $1.50, not $1.75.

    Sorry, didn't see Big John's post.

    I have a tax lein from losing a business in 2007... these guys won't take me... bummer - I've never been turned down for anything. I was really looking forward to this, relocating the RV to Missoula - I like Missoula, spent quite a bit of time there.. and my wife's family is 100 miles - JUST enough distance to keep them from riding over every other night for supper.
     
  10. SheepDog

    SheepDog Road Train Member

    3,474
    2,075
    Nov 30, 2008
    Sand Lake, MI
    0
    Sammons won't hire you because of a tax lien???
     
  11. BigJohn54

    BigJohn54 Gone, but NEVER forgotten

    1,972
    1,596
    May 13, 2011
    SW Missouri
    0

    I'm guessing they are afraid their equipment will get tied up by the IRS. While the IRS doesn't always come after you with a vengeance, they can literally seize everything you own and sell it at auction.
     
    SheepDog Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Thread Status:
    Not open for further replies.