Running with JCT, Part Deux

Your previous post used the current (soon to change) numbers. 5¢ off the cash price plus 5¢ per gallon (for points). Now it will be 8¢ off the cash price plus 3¢ per gallon (for points) for a total of 11¢ per gallon back in your pocket.

 

Okay, hadn't heard anything about the 3 points/gallon.

 

I had. Like I previously posted.... Shannon Crowley(?) called me today and told me. I had talked to him at the yard the other day and asked about that. At that time he wasn't sure and made a note of my name and truck number to get back with as soon as he knew.

 

So, Steele, did you win the award?

 

Yes it can be but thankfully when I am supposed to leave there shouldn't be any traffic to deal with. Get to deadhead all the way to Lumberton, NC nice little 389 mile deadhead. Then it will be off to Los Angeles and get someone to swap with me cause I won't have the hours to get it there by Tues. LoL

 

I'm wit'cha there Macho and JCT has surprised me at every turn. Every single time (and there have been several) anyone at JCT has said they'd check on that and call me back, I didn't expect them to and put a "follow up call reminder" in my calendar App (yes, pick your jaw up from the floor my Peeps - I'm actually using these 21st century thingies now, kinda getting hooked: giving some very serious thought to the new Rand McNally TND tablet). Every single time, they have called me back well before the reminder alert went off to call them back. This latest was Sheila Bane(s? Baine(s)?) in L/P about insurance. They seem to be really great about that.

As to my outsourcing insurance (the Sheila call): I found a fairly significant saving on a little better policy for the Phys Dam that included some bells and whistles on towing and breakdown that JCT's doesn't, and a teeny savings on the BTL and Occ Acc. Not enough to make the switch from having JCT payroll deduct on BTL and Occ/Acc alone, but the Phys/Dam was pretty healthy. About 1/3 of what I'm paying through JCT. Add that to the tiny savings from BTL and Occ/Acc and it was a no brainer. So, I called Sheila (she wasn't there, left her a voice-mail, she called me right back) to make sure what I was looking at would meet my contractual obligations w/ JCT. It would, BUT I would need to carry a Gap policy. For those that don't know; A Gap Policy covers the difference in a total loss from what the insurance pays on ACV (actual cash value) of the totaled unit and the payoff on the loan if there is a shortfall. You still owe $50K on the note when it totals. The insurance pays out $35K as the ACV at the time it totals (all Phys Dam policies are ACV payout on a total loss). It will pay that to the note holder directly. There's still $15K left owing to the note holder: say they (note holder - it IS their wrecked truck at this point) retain the salvage (keep the wrecked truck) and the note holder is able to part it out and scrap it for $7,500. Still $7,500 left owing on the note. You still owe them the $7,500. You can pay it or they will take collection action. OR you have a Gap Policy that kicks in and pays that GAP between what all the note holder was able to recover against payoff via the Phys Dam total loss payout and selling the wreck - and what was left owing on the note. It fills that Gap. Unless you are flush with dough it's a really good policy to have on any vehicle you have a note on until the ACV exceeds the note payoff. Then it's ~ personal taste and appetite for risk, and I think it is perfectly reasonable and sound business practice for JCT to require it if you outsource your insurance. Most conventional financing companies do until your company assets exceed the gap. JCT waives it if you go through them because they are self-insured on Phys Dam (not the others, though, just Phys Dam - since they own the leasing company that also makes perfectly logical and good business sense). It's usually pretty cheap and would still be a fantastic savings for me. Cool.

IF I could get Gap on a Lease Purchase. Turns out nobody will do Gap on an L/P. Not any A or B rated insurance carrier anyway, and neither JCT nor I would even consider any underwriting from a -B (B-?), C or worse rated carrier. They go bust everyday. Conventional financing yes. L/P no way Jose . . phina!! So Ladies and Germs: (music tune): " I searched the world over and thought I'd found truuue Luuv. She mEEEEt another and [ppptt] she was goooonnne!!" The other policies I can totally do but for a $14/month savings, I'd just as soon let JCT do it via payroll deduction. Oh well. I tried. It'll be Ok. It's not like JCT is jipping me. They are taking the lion's share of the risk and their rate is certainly fair for that. I just thought I found some good savings.

Whyy? OOoh WHYY Lord? Oh WHYYY DOES THE WHOLE WORLD HATE US LEASE PURCHAE OPERATORS SOOOO???? Ohw wewll. Papa J stiiiw wuvs me. Wite?

 

There's an Ancient Chinese saying that seems apropos; "Be wary what you wish for. You might get it." Then again, they got an Ancient Chinese saying about everything. I was trying to find a parking place in San Francisco last month (good luck with THAT) and I stubbed my toe getting out the truck. This Chinese guy with the long hair and ## (capital sixth letter of the American alphabet and lower case 21st letter of the alphabet) Man Chu was there and said: "Ancient Chinese saying; When one stumbles today he . . " "Yeah. Thanks, but I got this Master Po."

"Bely well."

I come out and danged if I didn't slip on a banana peel getting back into my truck. Busted my butt bigger than you know what! Chinese guy appears outta NOWHERE and says; "Funnny lookin olange monkey eattin bananas by you tluck make sure he throw all peeling dere. I say; Monkey! Tlash over dere. He walk off laughin, shoot me finger, trow beer can, burp and he say; "No. Tuullash is over dere" and point at you tluck. I tink I see wittle monkey in bushes waffin too."

"CLYYYYYYYDDDE!! You corruptin' Maybe-Junior TOO?! Wait til I get my hands on YOU!" The then the Zen Master Dude says:

"Ancient Chinese Saying: Before seeking revenge, first dig two grave" . "Where IS he? We 'Mericuns got a sayin' too. Git out my way!!"

Seriously, though: Best gig you'll hate lovin'! Welcome aboard.

I Hate TA by default. Got my reasons. The one in Baldwin . . . (that POS PFJ next to it too!), I make sure I am stocked on supplies when I get there and send my arrival macro and on duty "checking in at customer" log change a few minutes, and then go into the sleeper right there in the street parking when I get to Wally World Mclenny and park on the street. It's cool there for that (they even got trash cans by the curbs). An hour before my appt time I ease in under the QC radar and stay off any "duty time" status. Easy to do. I'm still in the sleeper - since I got there. Do the deal there and ease back out to the street and wait THERE for my next load. Still in the sleeper; if you-ins feel me. It's unofficial. It's SO unofficial they put trash cans out by the curb outside the gate. It's cool to stay there and I DO! All the time.

Just keep an eye out on the pine stand. It is rumored some reddish primates lurk there. Wonder who THAT could be? Hummm???!!

 

Well when he ain't kicking his young mule he huffs on exhaust since he can't be fighting with Clyde and causing trouble on the street. LMAO