Trans Scam Trucking

Ok so if 2000 miles gets you 200 bucks so a really good week driving your ### off 3000 miles I will get 300?? Oh we forgot and a roof over my head (the truck) cuz I would loose my house making 200-300 a week!!! Lol so how can you say they have a good lease purchase?? Really come on you shouldn't be saying that these new guys coming out of school might see that and end up loosing everything..

 

Your numbers not mine. What I'm saying is that running a business, any business, has a break even point that has to be met before profit starts. The more revenue generated above that break even point the more profit. Your numbers, btw are absurd. If 2000 miles nets you 200 bucks that says to me that the break even point was probably 1500-1600 miles. Now if they run an additional 1000 miles that would mean they would get a positive settlement of around 600-800. Hardly fabulous but double or more your 300. There are l/p programs that are better then that and there are ones that are worse.

Next point, I've never said any newbie should do a l/p. Search my posts, i've probably said a hundred times that you shouldn't lease for at least a year. Why? Because learning to drive and learning to run a rent-a-truck-to-own business doesn't work. Leasing also isn't for every experienced driver either. If you don't know how to manage revenue and plan ahead it's not for you. If you aren't willing to make choices based on cost(i.e. driving slower or fueling at your least favorite to shower at truck stop) it's not for you either.

So who is l/p a good idea for? The experienced driver who has some business sense and the desire to own his own truck who has been dealt a hand by life that prevents him from obtaining a truck through other means. If he does his due diligence prior to choosing a l/p program he has a chance of succeeding. I do think their are far more drivers in l/p programs then fit this description.

 

So that's $2616 before taxes that you have to pay 100% of.

For comparison, I'm a company driver, I just got a brand new truck that doesn't look like every other truck in our fleet with a different paint job. And I don't get saddled with paying all my own taxes, workers comp etc. and my last 4 checks (mind you I get paid twice a month) were -

07/01/13 $3558 direct deposited + $750 in advances = $4308
07/15/13 $1924 direct deposited + $300 in advances = $2224
08/01/13 $3672 direct deposited + $550 in advances = $4222
08/15/13 $2060 direct deposited + $400 in advances = $2460

So in the last month (2 pay periods) I wound up with $6682 cash in hand, after taxes, net money for me and my family to spend. I understand your happy with your lease purchase (rent-a-job) but in that same 4 weeks you have $2616 and I'm assuming that there was advances before that amount so your tax liability out of that $2616 is going to be somewhere in the 30% to 40% range. In the end you get to call yourself an independent business person yet your told what to drive, when to drive, where to drive, how fast to drive, where to get it serviced, what you can and can't do with the truck and for your efforts you get somewhere between $1569 and $1831 or an hourly job that pays $15.00 an hour based on a 40 hour work week.

If your an owner-operator (which is what fleece purchase deals try to tell you) you should be making over $2000.00 a week after all expenses not an average of $650.

 

IF any of you people had read any of my post I tell everyone it was a mistake I wouldn't do again
To tell everyone else just how much smarter you are does no one but your ego any good
and just because you make more money doesn't make you anything but having more money
doesn't make you smarter stronger better looking or braver

 

Never said anything about being smarter, having a bigger ego, stronger, better looking or braver. What I did say is that as a company driver I'm afforded all the same freedoms as a fleece purchase (rent-a-job) driver, have no, I REPEAT NO liability as far as workers comp, truck maintenance, employer share of tax liability etc. and I make a decent paycheck to boot. Then in a couple years I will get another brand new truck, not a wore out leased truck that is going to become a maintenance headache.

Rent-a-jobs are a scam, it relieves the carrier of all the employment liabilities yet 99% of them give you nothing in return. They spec your truck, tell you how fast you can drive it, what you can put on it, where you have to service it, when you have to service it, where you can park it, when you have to trade it in and the list just keeps going. Your not lease-purchasing anything, your renting your job and your employer (yes they are your employer) is making money as a finance company as well as a trucking company and they have absolutely zero employment liability. Get hurt on the job and you'll know instantly what I'm talking about. They'll take the truck back, ding your credit and forget your name all the while your loosing everything you own fighting OOIDA for your workers comp that doesn't pay enough to keep food on the table.

 

You missed something there you said your only mistake was fuel consumption if you sign a cpm. Contract the only thing you can control is mpg and maint.....mpg being your biggest expense you are in trouble from the get go

Personally while a cpm contract could be profitable i think a good % contract with a company aggressively. Persuing. Higher ends of the rate spectrum would give you a better chance of success but if you can,t manage your largest expense ie fuel paid of truck teuck note or l.p you will eventually fail

 

being frank here. I don't see how any cpm contract can be considered successful or profitable, either for l/p. or true o/o. all the advertisements I see say they pay about 1.35 to 1.45 including the fsc. I just cant see how you can turn an acceptable profit at that rate.

 

It,s not too.far off if company is covering your ifta trailer reefer ..plates tolls fronting detention and deadhead may still be avout 25 cpm light i guess ...,,but they dont hide theirrates so buyer beware there are calculators available. At the dollar store if you cant figure out that a brand new truck isn,t profitable at that rate than i got a great payment plan on a bridge i am selling in Kansas

 

I don't want to hijack this thread so will start a new one about it.

 

Pete, when is your parole date ? Or did you get life with out parole.........