This is a "Lease Operator" through our company

Discussion in 'Lease Purchase Trucking Forum' started by Eagle Transportation, Jul 10, 2021.

  1. Eagle Transportation

    Eagle Transportation Bobtail Member

    5
    1
    Oct 30, 2020
    Nashville , TN
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    Driver pays for actual payment that it costs to the company
    Tires- any repairs, fuel, and insurance..

    Gets 85% off the gross
     
    Last edited: Jul 11, 2021
    Reason for edit: Put to much information in previous post
    Jarhed1964 Thanks this.
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  3. Judge

    Judge Road Train Member

    5,388
    30,442
    Mar 19, 2014
    Newport, Ar
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    So..
    What do you do for 15%..?


    Asking for a friend.
     
  4. crzyjarmans

    crzyjarmans Road Train Member

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    Jun 9, 2010
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    Big question is?
    Is there a down payment?
    How long for payments? 60 months? 72 months?
    How much is payment?
    Will there be any balance due at end of payment?
    Is this a walk away lease?
    Can truck be taken to a different company if not happy with yours?
    There’s a few more questions, but think you get the idea!
    Much more info is needed
    I generally advise to, not walk but run from leases!
     
  5. Mr Uturn

    Mr Uturn Bobtail Member

    40
    47
    Jul 30, 2021
    0
    ?????
    Is this a question? Payments repairs fuel insurance seems petty standard to me.
    You get 85% and they get 15% for running the back office (finding loads, paying you, authority, billing and collecting customers, #### ton of paper work etc..)
    Percentage load companys pay, like rates are all over the place. Some will say 85% is not enough, others wlll say they wish they were getting that much.
     
  6. God prefers Diesels

    God prefers Diesels Road Train Member

    2,436
    10,858
    Jun 26, 2020
    South Texas
    0
    Where are you based?

    Do drivers pick their own freight, and make their own hours? Can they go home whenever they want?

    Has your company ever returned a single escrow payment, and if a driver quits, have you ever paid them their last check?

    Edit: F'n responded to a necro'd drive by thread.
     
    staceydude and Jarhed1964 Thank this.
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