Ok let's say you buy this truck, your payment is $800-$900 a WEEK NOT A MONTH! Whoops tire blows. More $$$$. Woops radiator takes a dump, more $$$$. Woops alternator goes out, more $$$. Or drive for a company with great miles and making good $$$$. Truck blows tire, you call to have it fixed, they pay for it. No $$$$ out of your pocket. And so on. GET THE PICTURE?
Everyone here is SPOT on about NOT leasing or becomin an o/o. It’s not worth it at all. If you want a Kenworth or a Peterbilt, find out what companies have them and apply to work/drive for them AS A COMPANY DRIVER.
I did the lease thing a year ago and failed miserably. I have a post somewhere on here about it. Of course I am not saying that just because I failed at something you will too. I mean things could work out for you. I hope things work out for you. I'm just saying that when you lease onto a company like that you assume ALL risks with hardly any pay.
Some companies might give you an advance if you have a breakdown on a lease truck to cover the expense, but please believe that they will get their money back when it comes time to pay you. It is just an advance after all.
I've heard from MANY lease ops and even owner ops that the profits you make are so tiny that any medium breakdown or accident or even family emergency will wipe out any profits you do make. I have heard that after all taxes and expenses taken out, you might make a bit more than a company driver. Not worth it in my opinion. Even with a paid off truck it may not be worth it. Again just my opinion.
But in the end people do what they want to do. However, few do make truck leasing work. You might be one of the few, in which case I hope things work out. I failed at it and I will never do it again. That's just me haha.
What i find interesting is that most of the negative reviews about my company are from lease ops. they usually say things like "I lost my house, family and truck because of them and i am now going bankrupt." uh, no. you suck at business and reading contracts. you jumoed in without any knowledge of fuel tax or freight lanes, what is tax deductible and and not. You didnt use the LLC properly a d you want to bash my company for your decisions? people suck
Thought this was just a thread on which you preferred not a serious business thread , well to lighten it up a bit and make this a bit more fun , I've always been a fan of The Bully , love the ol Petes . I've always admired the 379 great body style and had those Cat engines . I've got a thing for the classic 281 especially from 58 through 61 .Famous for being the DUEL rig .
Ok...you are right.
Ken or Pete....
Both are heavier than Cascadias and will.burn a ton more fuel aka money. My lease op friend had all three is now going back to FL for that reason. Also the mechanics told me FL parts are cheaper than both.
Pete was hard for me to drive because i am short. The hood mirrors are really low and i had to pull myself up on the steering wheel to see them. Also, when the seat bounced my foot came off the pedal then on so i was fast slow fast slow. drove my trainer crazy.
Never drove a Ken but i thought they were supposed to be quite similar.
I have heard that after all taxes and expenses taken out, you might make a bit more than a company driver....
But in the end people do what they want to do.
I think one factor some Owners might like is that as an Independent Contractor they can say they have earned every penny in their pocket. For some people that bit of self reliance is important.
(Earth to drivers: unless you have done something illegal, you have earned every penny in your pocket!!)
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Ok let's say you buy this truck, your payment is $800-$900 a WEEK NOT A MONTH! Whoops tire blows. More $$$$. Woops radiator takes a dump, more $$$$. Woops alternator goes out, more $$$. Or drive for a company with great miles and making good $$$$. Truck blows tire, you call to have it fixed, they pay for it. No $$$$ out of your pocket. And so on. GET THE PICTURE?