Trying to join SFI. NEED SOME ADVICE FROM EXPERIENCE DRIVER PLEASE

Discussion in 'Ask An Owner Operator' started by arif shah, Jun 18, 2021.

  1. arif shah

    arif shah Bobtail Member

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    Nov 22, 2015
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    Hi
    I have one question .I am trying to join SFI and get brand new truck.SFI is saying my weekly payment would be $1000 for 3 years.So if I put that truck with Landstar and start making 3 to 4 thousand a week I can still save 2 or 3 thousand?Is that much i can save or not? If somebody can answer it before I join SFI.?And anybody finished their contract with SFI?Please answer
     
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  3. Cat sdp

    Cat sdp . .

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    I heard it was about $1,300 a week

    Best of luck……
     
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  4. GreenPete359

    GreenPete359 Road Train Member

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    You think you can generate $4,000 in revenue with a $1,000 truck payment, and then you get to save the other $3,000?

    Are you serious? What about fuel, insurance, taxes, tolls, plates, 2290, eld, maintenance, etc…?
     
  5. theSoz

    theSoz Light Load Member

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    First, you’re clearly not prepared to buy a truck much less be an O/O if the payment and savings are the only things you’ve factored into this equation. Like the comments above there’s more than just a truck payment, you have insurance, fuel, maintenance, plates, etc etc. SFI typically has a balloon payment at the end of those three years too, so you’ll need to account for that as well.

    I suggest staying a company driver and doing some homework, based on your post you’re already setting yourself up for complete and total failure. #sorrynotsorry
     
  6. 77fib77

    77fib77 Road Train Member

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    Can you easily take you easily take an SFI truck to landstar???? 1000 a week plus 750 a month for Bob tail About 140 a week in deductions. So $1400 a week before turning the key.


    The SFI might include bobtail.
     
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  7. Judge

    Judge Road Train Member

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    Would plates/insurance be included in that 1300 week?

    Asking for a friend.
     
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  8. kitcarguy

    kitcarguy Light Load Member

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    Sounds like you need to step back and re-evaluate. Maybe even take a business course at a local community college.
     
  9. Cat sdp

    Cat sdp . .

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    yes I believe so…….
     
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  10. drivinhome

    drivinhome Light Load Member

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    That is allot of payment to handle. What will happen when the rates drop and yes they will drop. If you are buying a truck based on the current rates and plan on them staying this way you will go bankrupt.

    Best advice I can offer is make sure you can operate the truck on $1.25 a mile or less. That includes paying yourself.
     
  11. CAPTransport

    CAPTransport Light Load Member

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    1) No way your payments on a 2022 at SFI is $1,000 a week. It's going to be more around $1,300-1,400 with their maintenance escrow.

    2) The payments sound expensive, and there is still a buyout at the end of their lease to actually keep the truck. That said I do know quite a few drivers with SFI trucks doing well for themselves at multiple different carriers. Just look for the SFI mudflaps and ask them questions.

    3) They don't supply plates/insurance. You get that on your own or through a carrier.

    4) If you only plan on GROSSing $3,000-4,000 a week at Landstar right now, what are you going to do for the other 3 days of the week?

    5) Is your Mommy paying for your fuel, insurance, plates, permits, supplies, and every other business expense?
     
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