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Discussion in 'Lease Purchase Trucking Forum' started by HAWAIIANTHRIVER, Sep 5, 2015.

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Wickedfire77 Road Train Member

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Tennesseahawk said: ↑

That's not true. I made it 5 years.
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I meant the few part. As in the few and the proud.

Wickedfire77, Sep 8, 2015

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Knucklehead Thanks this.
truckon Swamp Thing

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KeithT1967 said: ↑

You're twisting my statement.

My post was in response to a simple driver A vs driver B comparison of earning. No mention or implication that driver A was saving for a truck. Additionally I never stated driver B was ahead by doing L/P.

One of the things that's so annoying about this discussion is one side always wants to assume the best case for the company driver saving and the worst case for the L/P. You never see any Pro-L/P statements automatically assuming the company driver trying to save is working at the bottom of the pay scale. A second annoyance is the intentional twisting of context. I'll do you a courtesy you don't do anyone else and without any twisting of the context you presented your question.

Since the OP of this thread has stated that he sold the L/P truck he paid off for $45K I'm going to use that as the dollar amount to save.

Going by my "5 year" reference that would be $45k/260 weeks = $173 a WEEK a company driver would have to save to match the L/P drivers paid off truck value.

Driver A has $45k in cash. Driver A buys a truck for say $15k. leaving him with $30K. He spends $300 for a mech to inspect it, another $300 for a dyno report, say a very conservative $2k in immediately required repairs. Driver A has $17,600 in a $15k company truck that's likely over 10 years old, has well over a million miles, has seen god only knows how many drivers, unknown lifetime maint, that he has no seat time in let alone having pulled a load across country. I refer you to DoubleYellow's thread and the problems he's had with a sweetheart of a used truck.

Driver B has a truck valued at $45k with between 700 and 800k miles. Driver B has just spent 5 years driving his truck, driver B knows exactly what problems he's had with his truck. IF the L/P driver was thinking things through he also has a fair amount of accumulated Maint funds. "buy, here, pay, here" can't match what driver B has on the best of days.

Driver B "could" sell his truck as the thread OP did and do exactly what the thread OP did and have $45k cash AND his accumulated maint account to buy an older used truck if he wanted to go that route.

Now since you always want to toss around that real high paying job that allows you to save an average of $173 a week over 5 years. My challenge to you is find 800 open company positions (the approx number of JCT L/P's) around the country that would allow that sort of savings plan. And because you always want to assume the "best" case for your argument I'm going to assume the worst. Driver A has 4 kids, a high maint spouse who doesn't work, a mortgage in Los Angeles area, and a car payment to take care of while he's saving that $173.

And I'd like you to find a $15k truck on the market today that you can guarantee, in writing, with money backing it up in case you're wrong, will be at least as good as the truck purchased by DoubleYellow. This last is so I can go buy it. Something with a RedTop Cummins and a 13 would be nice. Maybe a 9300 or very early 9900ix Cornbinder.
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I'm going to politely agree to disagree. We are on two different sides of the fence.

Im unsubscribing from the thread.

Tennesseahawk said: ↑

Who's this 'we' shat? Are you with some secret society that determines who benefits you, and who doesn't? You have a lot of balls to be telling someone they're not welcome to do what YOU want.
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I found pics of you and yours truck. Guess with no skin in the game you have nothing to lose. Have a great day!

truckon, Sep 8, 2015

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HalpinUout Thanks this.
Wickedfire77 Road Train Member

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It makes me sad when people stop following a thread. Where will I read my daily dose of one sided hatred ?

Wickedfire77, Sep 8, 2015

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Knucklehead, KeithT1967 and gjcarr03 Thank this.
gjcarr03 Medium Load Member

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I just want to know why you (or anyone) leasing causes some people to be so upset? It's your money, your life, your risk. If someone doesn't agree with being an L/P, fine. Feel free to say something like, "I wouldn't do that." "That doesn't make sense to me, but more power to you." There's enough naysayers on these posts, past and present. We don't need anymore. It's ALL HERE TO READ AT OUR LEISURE! Enough!

Okay, thanks! Back to your regularly scheduled programming.

gjcarr03, Sep 8, 2015

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KeithT1967 Thanks this.
Wickedfire77 Road Train Member

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Ask 5 truckers the same question and you'll get 5 different answers. And they will all be the best answer

Wickedfire77, Sep 8, 2015

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Wickedfire77 Road Train Member

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I think those pics above are from his own pretrip

Wickedfire77, Sep 8, 2015

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HAWAIIANTHRIVER Light Load Member

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People get so caught up in the idea that their way of doing things is the absolute only way to do things. One of my favorite quotes is by Duke Kahanamoku. Someone told him, "you're wasting your time doing that." Duke's response, "It's my time." Be blessed everyone and remember "IT'S YOUR TIME!" Nothing changed, I deliver in Puyallup, WA Thursday morning and then JCT is going to try and get me back to Oklahoma.

HAWAIIANTHRIVER, Sep 9, 2015

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PXI Incorporated Medium Load Member

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The ones I don't get are those that just keep trading in and doing the another lease, over and over.[/QUOTE]

It's because in today's tax code there is much more incentive to lease. If you purchase outright or traditionally finance a vehicle you can only deduct depreciation of said vehicle over a few years. If you lease you can write off your entire lease payments as a business expense. You will have diminished your taxable income dramatically by leasing as opposed to purchasing.

PXI Incorporated, Sep 9, 2015

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Wickedfire77 Thanks this.
KeithT1967 Road Train Member

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Still dont get it. The tax explanation does not compute. The high lease cost more than outweighs any tax advantages. My truck payment is almost $1300 a month lower than what I was paying to lease. I'm certainly not paying $1300 a month more in taxes.

KeithT1967, Sep 9, 2015

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MysticHZ Road Train Member

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KeithT1967 said: ↑

Still dont get it. The tax explanation does not compute. The high lease cost more than outweighs any tax advantages. My truck payment is almost $1300 a month lower than what I was paying to lease. I'm certainly not paying $1300 a month more in taxes.
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It's warranty ... maintenance cost with a warranty is about $.06 pm ... at 500,000 miles it's going to jump to about $.14 pm ... with an in frame looming around 1million.

Also depends on who your leasing with and their incentives. At Swift, over mileage charges rollover from lease to lease as credits ... if you train, you could accumulate enough credits to actually come close to paying for a new truck out right after 3 leases.

MysticHZ, Sep 9, 2015

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