The Anti-Lease Purchase Program

We own our truck but dont have a trl, would be interested in the trl portion and your creiteria and vetting process

 

What about coming out of Florida and back?

Ethan

 

First I want to say I have been reading Bills posts since I started on this board and I personally trust him.

I'm loving this idea. My only problem is I want to run flatbed but lack training. I've been looking at CRST Malone which is a bit like your setup ie no qualcomm, no dispatcher, pick your own loads. But they offer flatbed training.

If you could suggest a third party flatbed training program you would be comfortable with I'm sure I would impress you. How much capitol would you suggest to have set back before starting this? Is $5k enough?

How do you pick the trucks? Could a driver request what he is looking for then you try to find it?

I love the idea and would like to talk with you more about it as I'm going to be changing my driving direction come august one way or another.

 

Also a few questions which I don't know if you can answer on an open forum...

What % of linehaul do you pay?

Is 100% of the fsc passed on to the driver?

How do you pay the driver, and how often?

Is there a fuel credit provided for each load? Do you provide a fuel card?

How do drivers turn in their bills?

What kind of fixed costs are we looking at?

I guess a lot of this is covered under the lease. But I like the ides that you don't want these trucks back. You want these drivers on the road making money.

 

beat me to it......

 

Do you have room for another O/O in your flatbed fleet? I'd be bombarding you with PMs and Emails if I lived closer to your area.


One commend I'd like to add, I wouldn't overlook prospective O/Os' credit reports. It probably gives you a good idea of his/her spending habits.

It doesn't matter how much you can earn, if an O/O blows money on toys, he/she will go broke when an inevitable event happens. All you gotta do is look at our government - smarts (though I question "smarts" of those politicians) don't necessarily correlate to good financial management skills.

A couple of credit cards (incl. cards from Sears, Amazon, etc) maxed out on the credit report would raise a red flag for me. That may not be necessarily a deal breaker, but the prospective better have a good explanation.

I'd say this is especially true for the first time O/Os. Temptation to treat yourself with a new toy gets very high when you realize how quickly you can accumulate $10k, until you realize sometimes the business can consume $10k quicker than you can earn.

 

Jeez ain't that the truth....

Did a project at work on a machine....

The price tag....$250,000.

The ROI, 6 months.

Cost of my screw up....$58,000 for submitting the wrong quote I had before figuring out the correct information.

Cost to correct it....lost the original $58,000 in custom parts and had to order the correct parts at $58,000.

How did the buyer handle it....

Shrugged his shoulders and said, "That's business" and dumped the spray nozzles into the recycle bin in never opened packaging.....