Profile For Rigs

Hey harvest: Haulin Assets can pass some time, also I’ve been listening to KEN FOLLETS audio books and they definitely knock don’t some miles. I paid for Stephen kinds UNDER THE DOME, it’s 34 hours but can be very dark. Also audible has a lot of free content due to COVID right now.

Oh and ARMCHAIR EXPERT has a lot of interesting guests

Also old school, they are putting me on flatbed. End game for me is running my own flat/step. So getting that training under my belt is appealing. The company I’m with right now is pushing me to run on Personal conveyance and the other day asked me to drive a trailer missing all but one lug nut to get repaired 50 miles away to avoid the cost of having someone come out and get the truck legal to drive. The biggest thing for me in these early years of having my CDL is keeping people and myself safe and keeping my CDL clean. That’s not a priority for these foreign guys. Getting my flatbed feet under me with a company that has the power to do things right sounds good. It’s a walk away lease. Let the house win while I save to make my own casino.

Vince, it's important you know the difference in "pay" and "revenue." Once you lease a truck you're in a business of your own. You are no longer an "employee." Your check is no longer your "paycheck." There's no way you should consider it a "bump in your pay." It's clearly not. Otherwise if you were worth that much to the company they would be paying you that much now.

Your check will be your revenues that you've produced. Those revenues will be reduced by your expenses. You didn't mention them because you actually don't know what they are yet. Trust me they're going to exceed your most liberal estimates. Trucking companies lease trucks as a great way for them to control, or fix their costs (expenses). That means they make more money off the trucks they lease out.

Now, if you think they can pay you an extra couple thousand dollars each week and still make more money off of your efforts, then jump right in there. Just so you know, national averages indicate trucking companies are making profits in the 3 - 5% range. There's no way you can make that math work in your favor.

I'm just trying to be real with you. I understand the temptation, but it's not going to give you more income. You'll see bigger checks, but the money isn't really yours. That's the reality of running a business. I know it well. I did it all my life. I would deposit tens of thousands of dollars each week. None of it did I ever consider as my pay - it wasn't.

Alittle back story, right now I’m running 1099 as a company driver for “20%” of the load. So I understand revenue in the sense that I keep track of my “profits” f and pay expenses right now but im reimbursed so I won’t be able to write them off. Basically right now I’ve been running as if I’m a lease operator but I’m getting no deductions and only 20% of WHAT THEY TELL ME THE LOAD IS. When I was hired I was told there would be transparency and I would see rate cons from the broker. I’ve yet to see one. I run 600+ miles a day and it’s important for me that I see I’m actually getting paid what I’m supposed to be paid. I’ve run the rates by owner operator friends, friends who broker freight and I’ve looked at the national averages for my lanes; they’re all low. When I asked my company to show me some proof that the 20 they have been paying me adds up, I was given the run around and told that nobody ask to see what the Rae contracts say and it would be too difficult to show a driver like me rate contracts. Basically I was told that I would have to just trust what I was told. I save. I have a phone bill and buy groceries, everything else I’m putting away to buy my own truck. Even if after my expenses and the truck note is paid if I only make a $1000 a week as a lease operator, that’s almost all savings if it’s a walk away program on a warranty truck. And as a lease I would see what the load pays.

Basically what I saying is, isn’t it better to make a truck payment and a little cash, instead of just making the cash and owing taxes with no deductions on that cash?

So I’ve read through the forums and I realize that the general consensus is lease to purchase programs on the whole or a scam. But what are you guys think about a driver he’s currently making 1200 a week but the release program would be making $2000-$5000 a week after the truck payment. If I pay off the truck in the end that’s a bonus but just getting the extra pay Bob doing the same Miles seems worth it in my mind just wanted to get your guys thoughts on this if I’m missing something let me know but in my mind an extra thousand dollars a week to go towards saving for my own truck paid cash seems worth paying their truck payment.