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.
OWNER OPERATORS or LEASE PURCHASE Stepdeck/ Flat bed/ Heavy Haul
Discussion in 'Trucking Jobs' started by Sammonsrecruiter, Sep 16, 2010.
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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. -
So what do you guys have for lease truck options? How much? Specs?
American Trucker -
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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. -
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
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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. -
Sammons won't hire you because of a tax lien???
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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.
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