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
Trying to join SFI. NEED SOME ADVICE FROM EXPERIENCE DRIVER PLEASE
Discussion in 'Ask An Owner Operator' started by arif shah, Jun 18, 2021.
Page 1 of 2
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
I heard it was about $1,300 a week
Best of luck……slow.rider Thanks this. -
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…?XtremeRoadRage, poppapump1332, Aamcotrans and 6 others Thank this. -
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. #sorrynotsorryXtremeRoadRage, Kenworth6969, bzinger and 5 others Thank this. -
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.slow.rider Thanks this. -
Asking for a friend.Dave_in_AZ and 77fib77 Thank this. -
drivinhome, Just passing by, 77fib77 and 1 other person Thank this.
-
-
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. -
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?slow.rider, Aamcotrans and drivinhome Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 2