Lease programs

366847

{"replyTo":"

157862 发表于 2019-12-15 21:03:34 Guy I work for.... lease as O/O. Percentage of revenue put in escrow.  You can use it for repair etc. every anniversary, 25% more of that fund is *yours*- if you walk, you take it with you.

","text":"An escrow account is held and maintained by a third party. I assume this guy this guy is leased to one of the big companies. What i don’t like about that is the shipper pays the company. Then the company pays you. Who’s to say they are telling the truth about how much they got paid? What if the shipper paid 5000 to Truck Holdings Group. Then Truck Holdings Group pays their subsidiary company Truck Holding Co 3000 of that 5 and that’s where they start your invoice showing the load only paid 3000 and they secretly kept a bigger slice","replyToPid":282822}

366847

{"replyToPid":282559,"replyTo":"

803767 发表于 2019-12-15 16:23:38 I'm with Prime and am leasing through them. So far, it hasn't been that bad.\nBeen with them a little over 3 months now on my own. My average is a little above $2k per week. I haven't rejected any loads and haven't gone on vacay since I started.\nThey do take A LOT of money from the revenue I generate each week though. They tell you you get 72% of the load haul, but I HIGHLY doubt it. Their weekly statements are intentionally made the way they are to confuse drivers. Unless you really know where you've gone, what you've spent money on, etc., then they may \"bamboozle\" you.\nNow, my situation is most likely much different from yours. I live in my truck. \nWhen I decided to start driving, my lady and I decided to get rid of big unnecessary recurring expenses (Rent, gas & electric, car payments, insurance, etc). Outside of the truck related expenses that come out of my paycheck automatically, I pay for phone, mobile hotspot service, and food.\nA lot of people complain about Prime charging so much but from where I'm sitting at the moment, they do make things pretty convenient as well. Permits, EZ-pass, pre-pass, etc., are taken care of by them. I don't have to deal with any of it which makes it okay.\nI do think leasing outside of Prime would be the way to go though. Leasing through Prime basically means that you'll pay off the complete value of the truck and they'll get to sell it for even more profit or whatever it is they do.\nAll the people talking about how great their lease op company is cuz it pays like 90% of load haul, please share details. I've seen too many comments about how some drivers are doing so well cuz their companies only take like 10%, but they can never tell me which company they work for and what the requirements are.

","text":"Check my reply to Lurchgs 👆. Prime could be like Knight Transportation in that they have multiple companies under one roof. You don’t know what company is being paid by the shipper so if your not the one getting paid by the shipper and then you pay prime, you don’t know how much their really taking from the gross or what the gross actually is. Also I was in a similar situation. Went otr. Was paying rent and utilities 12 months a year, was only home collectively for 30 days a year and had a $120 electric bill even though I never used it so I gave it up. Kept my car, cellphone, storage unit, US Legal service subscription. Put lots of money away for a rainy day. Got fat and depressed doing otr. Quit, lost 70lbs, finding myself thinking about going back otr if I don’t get this Florida Rock and Tank gig come January. "}

682141

{"replyTo":"","text":"young grasshopper, put in your time, save your money and buy a used truck. lease, Uber, Atlanta, west and back, tells me you're still young and naive. Learn the lanes, study rates, but if you insist on committing mistakes only Penske and Ryder will work for you. 2 years of good taxes and 10k for a dedicated lease is what you'll need. With the way you think, the freight market now and the upcoming recession you won't last long.","replyToPid":0}

366847

{"replyToPid":0,"replyTo":"","text":"."}

366847

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682141 发表于 2019-12-17 01:16:26 young grasshopper, put in your time, save your money and buy a used truck. lease, Uber, Atlanta, west and back, tells me you're still young and naive. Learn the lanes, study rates, but if you insist on committing mistakes only Penske and Ryder will work for you. 2 years of good taxes and 10k for a dedicated lease is what you'll need. With the way you think, the freight market now and the upcoming recession you won't last long.

","text":"Probably. Not interested in taking on someone’s problem truck. Not interested in the northeast. Not a ton of used autos, then again Knight probably has some. There’s a few $2 per mile loads leaving Kentucky and Tennessee tomorrow so they’re there. ","replyToPid":284250}

325928

{"replyTo":"","text":"I drove for a small company that sold me a truck with a few thousand down and $800 per week. I had the truck paid off in under 6 months. Then bought another one and put a driver in first truck. There was a short contact we drew up but no lease. Company got 10% and after fuel and expenses I cleared over $2k a week. I had been driving the truck for a year so I knew exactly what I was getting. I’d recommend this route for anyone. You’ll make more than a company driver and if something major goes wrong with the truck you can walk away.. text me if you think it’s a route you’d like to take. Brian- 606-875-4979.","replyToPid":0}

325928

{"replyTo":"","text":"I drove for a small company that sold me a truck with a few thousand down and $800 per week. I had the truck paid off in under 6 months. Then bought another one and put a driver in first truck. There was a short contact we drew up but no lease. Company got 10% and after fuel and expenses I cleared over $2k a week. I had been driving the truck for a year so I knew exactly what I was getting. I’d recommend this route for anyone. You’ll make more than a company driver and if something major goes wrong with the truck you can walk away.. text me if you think it’s a route you’d like to take. Brian- 606-875-4979. The company I ran for is out of Bowlimg Green Ky and they run to Texas and back mostly. You know repairs on the older trucks are a lot less than on the newer ones. We had to put a transmission in a 2014 and fixed an oil leak near cam housing that cost $25k. ","replyToPid":0}

157862

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366847 发表于 2019-12-15 08:08:05 Bad pay is what I was thinking. Prime is making to much money off drivers. Same reason why I don’t like Landstar, they can take up to 45% of the loads pay.

","text":"I’d have to look to get precise numbers, but O/O gets around 80% of load from prime.  A little higher than I care for, but not obscene.  ","replyToPid":282409}

157862

{"replyTo":"

366847 发表于 2019-12-16 22:39:10 An escrow account is held and maintained by a third party. I assume this guy this guy is leased to one of the big companies. What i don’t like about that is the shipper pays the company. Then the company pays you. Who’s to say they are telling the truth about how much they got paid? What if the shipper paid 5000 to Truck Holdings Group. Then Truck Holdings Group pays their subsidiary company Truck Holding Co 3000 of that 5 and that’s where they start your invoice showing the load only paid 3000 and they secretly kept a bigger slice

","text":"He’s his own company:  40-50 trucks.  And they pass the rate sheet to the driver.   \nHe’s got a few contracted to Prime, but it’s mostly contracted/broker loads","replyToPid":283769}