I am wondering where you find cheaper diesel like that. I am a diesel buyer for my dually. It ain't around here. These fueling locations are "Mystical." Dude I was a fuel hauler. The mom and pops don't make money on fuel. Pennies. They make money on snacks and other things. They probably pay more for their fuel. It's OK to be in denial.
What's stupid is the overage on your mileage. It is deducted from a overinflated priced, heavily worn truck. Training reduces your mileage pay. It increases your mileage, wear and tear. You have rookies trying to tear up your transmission. It isn't a lease purchase, it's a lease. A lose-lose proposition. Please dispute flatbed22's FACTS. cue the crickets
What's stupid is the overage on your mileage. It is deducted from a overinflated priced, heavily worn truck. Training reduces your mileage pay. It increases your mileage, wear and tear. You have rookies trying to tear up your transmission. It isn't a lease purchase, it's a lease. A lose-lose proposition. Please dispute flatbed22's FACTS. cue the crickets
I already completed one lease with swift this past May. Here is some more detail that most don't know. If you turn in your truck at completion with less than 550k miles they will refund your over miles back to you. But there is a catch. They go over your truck completely and rack up a bill for everything that is in need of fixing. They allow 4k and you pay everything over the 4k. Sounds good? Not to me. My bill was $4,095.00 I owed 95. What baffles me about that is I kept my perfect. I fixed everything as it happen. Because my mileage was 524k I ised my over miles toward a new lease. Now I thought I was able to buy out my truck thats why I kept it so well maintained. NOPE! IEL elected not let me go into buy out. The whole efing time I was told I could then when it came down to it I got the big N.O. they dont guarantee a buy out and thats in your contract also.
That's what I thought. I'm just trying to compare apples to apples. A lease program is different than buying a truck out right. Why should a leaser get the same perks as a owner?
Why would you want to buy an over priced high mileage truck? Once again we see how much they like the L/O's. One guy in Memphis did the stupid buy out on his truck. When he got down to $6500 he mysteriously got short loads, long waits for preplans etc. 1600mi. a week. THE COMPANY CONTROLS THE FREIGHT! THEY CAN CUT YOU DOWN AT ANY GIVEN TIME!
@Flatbed, it is in the contract that IEL will not finance the balloon balance, one must have their own financing and write a check for the balance in total--- is this what you meant? @Rugtrucker, the case of the guy getting his loan down to $6500 must have been some years back, the way it works now, if a driver were to finance their truck from an outside source, IEL would have no idea because they had received their payment in full already. At that point the driver could pull their truck off the fleet at any time and lease on anywhere else. Regarding the fuel discounts: I would say some of these guys are doing pretty well when they are paying just over a dollar a gallon to operate their business. Sure there are owner operators who earn at least double what a Swifty O/O does, but look at their trailer rent/insurance.They also have to do all the legwork, faxing copying, calling customers. Landstar BCO's only earn a few cents more per mile than the Swift Business Partner. Independent O/O's have it even worse, often times waiting months to be paid for delivered freight or factoring it out for a percentage loss.
Holy S*** !!! I didn't know that, about Swift. Do you guys realize that you're leaving anywhere from .15 to .55 per gallon ON the table for Swift, depending on where you fuel and the contract they have with the chain?
