Team Driving a Lease Truck

If your the 1 leasing the truck , you will pay yourself and him a mileage rate and base it on the miles that each of you drive. Truck lease and expenses comes out of the $ generated by the truck.

 

Well, your question kinda begs the question.

Who are you leasing from? Which company are you going to lease onto?

You need to get those figured out first, because that'll affect not only what you can do, but how you do it. When you're leasing a truck from someone, the leasing agency is going to set some ground rules as to who can and can't drive the truck. Even if you own a truck outright and lease it on with a company, that company still has to approve any driver you have operating that truck, whether they're a W2 employee or a 1099 contractor.

If you're going to be going at this with the intent of being the one responsible for the truck, then why would you give them a larger part of the settlement? Just pay them as a driver, and take on the costs of maintenance and truck payments on your own. If they pay into that truck, they have a stake in the truck. So make your own payments, and that conflict won't be there.

Also be sure that your lease allows you to rack up that sort of mileage. If you go over on the miles permitted by a lease, you get penalized.

 

seems to me 2 problems with your equation, team/ friend and leasing truck.

 

Be sure and get your friend ( night blindness ) authorized / accepted by WHOEVER you decide to lease on with before you sign the lease could be a problem.

 

The MCS-150 numbers are not always going to be accurate. And in terms I'd leasing to own I believe the company you are looking at it will be tough to justify the purchase at the end.

Also, many will charge excess mileage even while recruiting teams.

Start with a solid business plan and make sure you understand the numbers backwards and forwards. And if you get to the signing part and anything is out of wack be prepared to walk.

And this should be a tough sell. They pay industry average mileage rates. Tough to make money in a lease on those rates.

But if you decide to do it, make sure you can do it on solo miles in case you lose your second seat. If the numbers only work with a team then you have issues.

 

Sign up with a carrier where you can be a trainer . Your codrivers will work cheap and not be around long enough to have any claim on the truck .(Where did I see those signs on trucks - Train , Lease . Drive ? )

 

Yeah, I saw that coming down Floyd Hill last time I made my run to Kremmling and back to the Springs... I think there was an 800 number on the back, as well, but I wasn't able to catch it. They have some really fast trucks - at least down a six mile, six percent grade, anyhow. And this is Colorado, and he must've given some dope smokers a ride back in his trailer or something, because there sure was a lot of smoke coming from it.

 

Do not worry neither one of you ever own it!