I have to agree, one should recongnize that when a company has no trucks-they will not be accountable to drivers. I cannot understand why drivers want to purchase new, expensive trucks. As mentioned, buying is better than leasing. Just read the horror stories about Prime-there are thousands who fell to their (leagal) scam of leasing trucks. Viligence is the key word. If a company won't lease you on with a 15 year old $15,000 truck, then they don't need you-that's how I look at it.
*WARNING* for drivers trying to lease a truck
Discussion in 'Report A BAD Trucking Company Here' started by Veteran driver, Jan 21, 2012.
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There good lease programs out there . My brother did the lease thing with a company. Yea he had a rough go for 3.5yrs. But now he took his truck went to a shipper and leased on home every night weekends off. this year he grossed 137,000.00 . Avg load 25,000 . Avg trip 250mi . He gets 74% gross. You gotta do your research and do the time . Everybody expects everything to be handed to them. Now thats what i call narssitic
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585.00 per week truck payment, .07 cpm maintenance fee for penske, 150.00$ per week security deposit for 15 weeks plus fuel purchase. Usually against every load. Your pay is .085 cpm with 32cpm surcharge. Typically fuel is around 3.74 per gallon fueling at loves will get you some discount. But for the most part your making about what a company driver would make. So my question is... what's the point? Where is benefit? Why assume all the risk and all the expense for money you can make without all the headache? Real O/O's have their own truck and trailer. Their own authority. The only people making money are those who are leasing the truck to you. It's a win win situation for them. Just like casinos. Their the only real winners, the players don't stand a chance. How much money do you really expect to make in a lease paying out 800.00 bucks on top of fueling against every load? Come on man realistically how much are you going to make. Do the math.
Last edited: Jan 21, 2012
snowman01 Thanks this. -
Your paying for that oil change your paying for breakdown you pay for repairs that's the. 07cpm
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Your paying. 07 cpm that's what pays for your breakdown or oil changes or whatever. Your paying about 800.00 bucks on top of fueling against every load. How are you making any money. Your making about what a company driver makes maybe a little less. The only people making money are the guys leasing you the truck, they're the only real winners. Just like casinos, they're the only real winners. The players don't stand a chance. What is the point of leasing a truck if Your making less than a company driver? Are you really willing to sacrifice so much for so little? How long should it take an individual to come to the understanding that this is designed to line the pockets of the leaseor and not the leasee? The question is not whether you can afford to leave...but can you afford to stay. If you live in your truck everyday and forgo home time in place of consistently working, then you might make more than a company driver. But nothing short of giving up life as you know it will enrich your life In the lease business. YOU MUST LIVE TO WORK! NOT WORK TO LIVE. YOU WILL WORK FOR THE TRUCK NOT THE OTHER WAY AROUND. YOU WILL LIVE IN THAT TRUCK. YOU LIKE LIFE ON THE ROAD? JUST REMEMBER....THE SAME THINGS THAT MAKE YOU LAUGH MAKE YOU CRY
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The only way you can make a decent pay check is after you get empty on Friday you get a good load from say Massachusetts to Florida. That's your bread n butter load. You don't want to fuel against that load. You fuel up before you get empty on Friday. All other loads are considered sacrificial Lamb loads. Because so much comes out of them truck payment, penske's money, insurance, fuel etc.. so fueling at 1am on Monday is what you want to do, this way that fuel purchase comes out of next weeks pay not the current week. However doing this means you must deliver your load on Tuesday. And they wont dispatch you like that. Also somewhere during the week your going to need at least one light load. If all 7 days your hauling heavy freight in hilly terrain your doomed.
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Contracts mean nothing to me. Pftt! Absolutely nothing. But I'm not exempt from making mistakes. So I failed to do research OK. My goal is to warn others and let my mistake be the standard by which others follow. If I can prevent one person from making a fatal mistake then my mission is accomplished
StratMan Thanks this. -
Where there any penalties to terminate Penske lease? This sounds a lot better than most fleece purchases. Jus saying,
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Not that I'm aware of Blanco. It was a walk away lease.
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