Swift lease purchase pay?

I made the mistake of leasing from swift for a while. It wasnt worth it. Maybe things have changed, but I thought I did everything correctly and it still wasn't worth it. No matter what anyone tells you, you are still a company driver. You are still an employee. You can't take that truck with you, you can't go book your own freight or trip lease. And every benefit that you could at one point claim through leasing is now erased. Company drivers can PC. Company drivers could always turn down loads. I mean really... Driver commitment is "no".

Your truck may go faster, but that only costs you money in fuel. And no matter what any giant green bubble on the freight map tells you, swift will tell you there is no freight for you in the area you are in. Even after your DM said only take loads to xyz areas right now. So now your ### is breaking even 4 days into the week and everything you make for the next 3 days will be cut in half by fuel expenses. And .05-20cpm will also be going to your maintenance account to repair swifts truck.

Some things I tried...

Driving for high fuel mileage. I was averaging 9.2mpg for the duration. It would have been higher but all those light loads you accepted are now 40k plus GP or water loads to a bad area.

And that high fuel mileage was bolstered by getting my own fuel card and saving on average 30 cents per gallon off of what I paid using swifts com data that they swore they get no discounts on.

I tried dedicated accounts.

Everything but training.

The people who truly are succeeding, are almost entirely trainers and/or dedicated. Or they got their truck outside of IEL. Or they were on the 1 percentage account Swift had.

Are there successful people who dont do any or all of the above? Sure there are. By some measure of success they are doing just fine. But dont be fooled into thinking there is some benefit to leasing a truck. There's not.

 

I guess it depends on who you talk to, and how honest they are.

When I started my mentor had 6 years in with Swift as a company driver.
Not long after that he did the lease to have more control over things.
It has varied over the past 9 years on how well he is doing. Sometimes very well, but more often in the hole - even though he owns the truck now.

 

I watch this guy “Trucker Todd” on YouTube and he seems to be doing quite well with a LP @ Swift. He shows a breakdown and a model from running a 7 to 8 day week with gross income and then expenses then his net pay. On one settlement he ran something like 2900 miles? (TX to Co to ID to UT to Ca) and grossed $6700 and change. Took home $4600 and change for that week. That sounds like a pretty good #### deal to me! He’s showing receipts. So is he FOS? I am really curious. So many different stories around about Swift and about LP….

 

Trucker Todd quit swift. Then he went to F2F and lasted 1 week there because he totaled out his new-used white Volvo in a bad accident. Then he went to SRO logistics and was doing pretty well there until his new- used KW 680 broke down and he couldn’t come up with the $4780.00 for the repairs and as of his last video the finance company repoed the truck because he was about 2 and a half weeks late on the payments he couldn’t make.

I’m not kidding. Just watch all of his latest videos and he reports it all.

unfortunately I see way to much broke and bankrupt in the lease operator space , I wish it was easier but if anything it seems to be getting more and more difficult. Best of luck to you.

 

I did LP with Swift from7/10 to 2/18. Averaged 2900 miles a week ... those numbers don't add up. 4600 is more like the gross not the net.

If you run smart and are savvy you can clear $1800 to $2000 before hold backs. If you can get your 2900 miles. In today's market that could be tough.