What happens to leasers when fuel prices go back up?

There rates go back up past a dollar.

 

Looks like my per diem on the road 25 days a month would come to around $18.5k per year. If I make $40k first year that will drop me to a $22k tax bracket. I won't pay $12k in extra taxes going from 22 to 40 so the per diem would end up costing me money if I keep a house. But it does help. It would make my house about half cost.

 

Why would you only be making 500 a week as a company driver? What company is this?

 

That's just what I've been reading first year drivers make. Am I wrong because if I could bring home say $900 I wouldn't do the lease

 

I'm a first year driver I don't bring home less than 780 a week except for this week should be $500 but I'm on a good run to the NE to make up for it

 

over the last few years lurking on this forum i can tell you the golden rules of leasing are
#1 Don't lease your first year driving
#2 Don't lease from a carrier.
you would get a much better deal leasing from a lease purchase co like lone mountain or quality.
just my 2 cents

 

That does sound like good advice. The megas act like they won't even hire me if I don't lease and that they'll punish me with low wages if I can somehow get hired as a company man. It's a ##### looking for work. Lots of rudeness and I get bad gut feelings from recruiters.

 

Which companies have you talked to?

 

Listen to your gut, not the recruiters.

 

Another thing to think of, is if you lease with a company that also had company drivers, which trucks are going to be sitting when freight is slow? The one the company pays for, or the one you pay for?
If you must, get outside financing and go with an O/O company like Landstar or whatever. If you cannot get outside financing, then you really have no business starting a business, and make no mistake L/O and O/O ARE running a small business and all the headaches (and possible profits, and losses) that go with it.
-Steven