Schneider choice program orientation and getting truck Schneider finance

Hey I'm fine starting out small. That's fine. Ill try calling Monday.

 

Not only are you posting bad links, it's getting on the verge of spamming, especially when you post this drivel in other threads that are totally unrelated to the Pumpkin Patch.
Being a Gazzilionaire and all, I thought you wouldn't need that referral bonus etc this badly....

Martin

 

When I bought my first helicopter i walked right up to the register at Radio Shack and paid cash.

 

I operated in the red for more than a year. Thankfully I had a cash cushion saved up from many previous years of toil so I didn't go under before I had a chance to figure it out. Said it many times, will say it again, had I not had that cushion I would have been out of business long ago. When you jump in with huge truck payment, no money in the bank, poor rates you just don't have a snowball's chance. Poor rates are not sustainable even with a cushion. If you have no way to negotiate rates you are not in the right long term situation.

 

Tagging...

 

Your math is correct but you forgot one important thing .. FUEL so at 2500 miles at 10 mpg at current pump price lets see ..

2500/10 = 250
250x3.80 = 950

the OP also I don't think make reference to 2290 / Fuel Tax / Plate .

So your looking at roughly 550 a week net IF you get 2500 miles a week and it also does not count the 3 things mentioned above or a bad little word we call DOWNTIME if the truck breaks down .

 

You can make money at owning your own truck BUT not at .90 plus fsc which comes out to be around 1.30 a mile x 2500 = 3250- 1700 (fuel) = 1550- 500 (truck) = 1050 - plates,ins,maintenance = less than a person that works at McDonalds!! So if I was to lease on to these company percentage is the only way to go..

 

Just a quick tid bit of advise on truck finance 101

1. SNF sets the price on the units normally around 10% more than you'd pay at a dealer

2. SNF sets your payments on weekly which means you pay 52 weeks a year and not 48 in a 12 month normal finance agreement . What does that mean , it means if you payment is calculated on weekly and your down a week you hit the rears faster than a person paying monthly . A person paying monthly can pull out quicker because they have more time to do so while still generating a profit .

3. The interest calculation is better on a monthly installment rather than a weekly ( for the buyer )
You pay more principal quicker on a normal finance agreement , a weekly agreement is top loaded interest agreement where the ( seller ) gets the finance charge more directly upfront and little paid on principal . - this is why you see the SNF trucks that are resold once a driver turns them in for a principal amount 10-15k higher than on a truck lot for same truck , same miles , warranty , etc . It's the way the interest is calculated and they sell the truck for the principal amount owed or should I say resell .


They make it easy if your in a credit crunch , but sometimes the easy things in life are actually worth the wait . Meaning if its too easy to get that new truck when you couldn't get it at a trad finance method , you should most likely wait till you can, especially in a solo operation

 

Thank You Tovya, and God Bless you and family. If only we were all as helpful and considerate...I wonder.

 

Hey leftlane- who you haul for? Looks like Combined Trans. or Anderson? Just curious. I appreciate your posts btw, thank you. Gawd...I gotta get me one of those "wifes". Thats a really cool feature for any truck! I'm hauling crude oil for Plains Marketing myself. Company driver, avg. 400 per day. But, i really miss running the road and seeing the country. Thanks for all your input to these threads- appreciate it.