without risk, there's no reward.

Are you saying that after all your expenses, including fixed costs and future maintenance costs money being set aside, you are clearing (pre-tax) $0.74 cpm?

 

Oh, okay. Thanks.

So, you know what's coming, right?

Why would you assume all the risk(s) for $0.35 to $0.39 a mile?

Is it because you will own the truck after 5 years?

 

Yep, everyone has to decide for themselves what they wanna do and why.

I'm not opposed to lease op, for me though buying my own truck and leasing on to a small family owned company that I worked for as a company driver was ideal for me.

Helps that my truck payment is only $611 a month too.

 

Thanks. Took me about 6 years in this industry before I was in a place to make a sound decision to jump in as an Owner Operator.

I'm blessed. I run 4-1/2 days a week am home 3 nights a week and clear about 10k a month pre-tax after expenses. Don't pay myself directly all 10k.

I am set up as an LLC filing as an S Corp. My wife and I are both on the books as employees of the S Corp and I spread l out spread out part of that 10k a month as benefits. It's what works for me.

I too like the freedom to say I'm taking time off or saying no, I don't want that load

 

Ok, I have to ask. What risk is there in a walk away lease? If your credit isn't tied to it, you just walk to another lease when things fail or dont go the way you want. If you dont have much invested how is risk involved?

 

Now you're starting to catch on ... that's the opportunity with leasing ... low to no risk, minimal to no capital investment, no business experience required ... downside, low risk comes with a lower reward and lack of experience can lead to a high (likely) possibility of failure ... but it is an entry point to business.

 

The previous truck that you sold because you had no money in the bank, can you give details as to what truck it was along with the mileage? Was it at the point that it needed an overhaul now or in the near future?