Quality leasing?

Discussion in 'Lease Purchase Trucking Forum' started by Wanderer1, Mar 12, 2015.

  1. MayhemTrucking

    MayhemTrucking Heavy Load Member

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    Mar 23, 2010
    Denham Springs, La.
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    Like what was said before here is a overview from the fmcsa...

    Overview
    In general, companies that do the following are required to have interstate Operating Authority (MC number) in addition to a DOT number:

    • Operate as for-hire carriers (for a fee or other compensation)
    • Transport passengers in interstate commerce
    • Transport federally-regulated commodities or arranging for their transport, in interstate commerce
    FMCSA operating authority is often identified as an "MC," "FF," or "MX" number, depending on the type of authority that is granted. Unlike the USDOT Number application process, a company may need to obtain multiple operating authorities to support its planned business operations. Operating Authority dictates the type of operation a company may run and the cargo it may carry.

    https://www.fmcsa.dot.gov/registration/get-mc-number-authority-operate#sthash.ldIAv4MV.dpuf
     
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  3. GCH7224

    GCH7224 Bobtail Member

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    Jan 8, 2014
    Florida
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    Colt seavers, are you still working with Watkins?
     
  4. Md420

    Md420 Medium Load Member

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    Here is the list of the approved carriers for those who kept asking but never got a answer.
     

    Attached Files:

  5. superglde

    superglde Bobtail Member

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    Jun 30, 2016
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  6. wolf98

    wolf98 Light Load Member

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    Aug 2, 2013
    bowling green, ky
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    One of my friends started a quality company lease with venture logistics back on the 14th of june and here is what his costs are currently.
    weekly payment 695.00+ taxes 714.00
    fixed costs 550.00 + taxes 569.00
    total cost - 1283 without fuel
    500 fuel
    total costs with fuel 1783 per week. the following is how his checks work. I got permission to post this.

    4,440.00 gross
    minus 30% for taxes 1332
    3108
    minus 500.00 fuel 2608

    minus benefits out of pocket that he puts back for 608.00

    total 2000.00 before he takes out for maintenance account

    minus 1000 for his maintenance account

    total net 1000.00 even.

    he runs 3000 miles per week so far but he noticed that his miles are starting to drop so its a waiting game to see what he is still netting after 60 days of quality company lease.

    I will post again at the end of July
     
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  7. Md420

    Md420 Medium Load Member

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    So he got a 2016 truck I take it? $1000 take home isnt bad considering he is buying a truck. Plus how is his pay where he is at? Cpm? Percentage?

    People need to understand you dont need to chase miles, chase rates. A 300 mile run that pays $2.50 is better than a 600 mile run at $1.25.
     
  8. Rex012

    Rex012 Light Load Member

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    Apr 12, 2014
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    Buying a truck and taking home 1k is HORRIBLE might as well stayed company. Less headaches same pay
     
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  9. Md420

    Md420 Medium Load Member

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    I'm sorry but taking home $52k not grossing $52k is really decent if he is running on cpm and a new truck through quality. My point was this. The new trucks through quality are $695 a week. That is a average of $3011 a month, plus around $450 to $500 a month insurance so that is around $3500 a month. Not counting your 2290 and fuel cost.

    So with new you are looking at around $1000 a week going out in fixed cost. They have older trucks, that $1k take home could be a $1500 to $2000 take home with a older choice in trucks and a better decision in carriers that you lease on with. Doing that is not bad considering that it is a true walk away, no money down, no credit check lease purchase.
     
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  10. blsqueak

    blsqueak Road Train Member

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    Dec 27, 2009
    buckeye lake, oh
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    I am in a 2016 T680 here at Swift, and my total fixed costs is $723/wk, and that also includes pre pass/ez pass and OK/KS pass. Other than that, fuel and my escrow account which is .15/mi, and this high because I take a 2 week vacation every 4 months, my choice. The base on my truck, $525/wk
     
    Loke Thanks this.
  11. Md420

    Md420 Medium Load Member

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    Yea but what rates are you getting?
     
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