XX Freight - an end to lease programs?

[Cluggy619]

I ran across this site, http://xxfreight.com/index.html , and the idea of owning the truck for the pay seems pretty good.

I thought to get some ideas about this program, and see if anyone know the company...

[Cluggy619]

Got some more info.

Called the company, and was told the following:

• 1: Must have some OTR and refer experience. If you have OTR, but not refer, they can put you with someone for a month to get you that experience.
  
  2: Time on contract is 2 years, not 3.
  
  3: Must make 2750 miles per week - in the contract.

Still looking for people who worked for this company.....

Are there any other companies that offer something like this?

[dollarshort]

No thanks! It Wil-Trans....Just Prime in different wrapping paper. Good luck

[Drakmare]

I'm no expert by any means but reading around the site this is what I gather into my feeble brain


Driver:

Pros
---------
.40 per mile
own truck after 2 years

Cons
---------
.40 per mile
Maintenance costs
forced dispatch
no escrowed taxes
no benefits IE: health insurance


Company

Pros
------------
Employee is a private contractor therefor no TAX headaches
No benefits to pay for employee
No maintenance costs on the truck
re-lease the truck again if driver leaves early

Cons
-----------
If the driver completes 2 yrs they have to buy a new truck





Seems to me the Pros far out weigh the cons for the company more than they do for the driver. Unless someone else wants to chime in here with something I missed?

BOO thumbs down to this lease!

[larryh31]

If you want to be an O/O, save up your money and buy a truck from a dealer. If this means eating a peanut butter & jelly sandwich instead of that $15 buffet, than so be it.

If your credit is all messed up, get it together. Contact http://www.lexingtonlaw.com/ for help if you need it. I have been working with them for 9 months and my credit score has jumped up over 100 points, so they are legit.

[Cluggy619]

No thanks! It Wil-Trans....Just Prime in different wrapping paper. Good luck

Even though this company is the first I have seen doing this, I doubt it's the first that did it.

Any other companies offering the same? Or something close?

[Cluggy619]

If you want to be an O/O, save up your money and buy a truck from a dealer. If this means eating a peanut butter & jelly sandwich instead of that $15 buffet, than so be it.

If your credit is all messed up, get it together. Contact http://www.lexingtonlaw.com/ for help if you need it. I have been working with them for 9 months and my credit score has jumped up over 100 points, so they are legit.

Very good advise. I was just curious about this type of program....have you seen this with other companies?

[Cluggy619]

I'm no expert by any means but reading around the site this is what I gather into my feeble brain


Driver:

Pros
---------
.40 per mile
own truck after 2 years

Cons
---------
.40 per mile
Maintenance costs
forced dispatch
no escrowed taxes
no benefits IE: health insurance


Company

Pros
------------
Employee is a private contractor therefor no TAX headaches
No benefits to pay for employee
No maintenance costs on the truck
re-lease the truck again if driver leaves early

Cons
-----------
If the driver completes 2 yrs they have to buy a new truck





Seems to me the Pros far out weigh the cons for the company more than they do for the driver. Unless someone else wants to chime in here with something I missed?

BOO thumbs down to this lease!

Well, the site states that health benifits are available. However, your right, more pro's for the company than driver.

And the pay is alittle low. I guess it's to compenisate for them paying for the fuel.....still low, though. :?

[devildice]

Got some more info.

Called the company, and was told the following:

• 1: Must have some OTR and refer experience. If you have OTR, but not refer, they can put you with someone for a month to get you that experience.
  
  2: Time on contract is 2 years, not 3.
  
  3: Must make 2750 miles per week - in the contract.

Still looking for people who worked for this company.....

Are there any other companies that offer something like this?

I too was curious about this and emailed them. They told me exactly what you mentioned except that the program was normally 3 years but in certain circumstances it can be only 2 years. They also said that their trucks (only 2 available at this time) are 1999 Freightliner FLD and a 2000 Freightliner Century both with 700,000 and 800,000 miles on them. :shock:

I emailed back and asked for more info on the trucks.....response: 1999 & 2000

[Cluggy619]

I too was curious about this and emailed them. They told me exactly what you mentioned except that the program was normally 3 years but in certain circumstances it can be only 2 years. They also said that their trucks (only 2 available at this time) are 1999 Freightliner FLD and a 2000 Freightliner Century both with 700,000 and 800,000 miles on them. :shock:

I emailed back and asked for more info on the trucks.....response: 1999 & 2000

Yea...the trucks leave alot to be desired..... :? Suppose to have a new inframe overhaul after a year... some parts not included in that overhaul... injectors, water pump, parts like that NOT included... :shock:




Still wondering about other companies.........

[shadowsknight]

There are plenty of companies out there offering lease purchase deals. Some just have differeing ways of doing it. There's everything from Prime to JB Hunt to Celadon or even Truck Drivers Lease Purchase www.tdlp.com. If you are serious about any of these programs I would suggest talking to OOIDA first.

[GMAN]

I ran across this site, http://xxfreight.com/index.html , and the idea of owning the truck for the pay seems pretty good.

I thought to get some ideas about this program, and see if anyone know the company...

With this company, you will be a company driver. You have no payments, maintenance, etc., but are paid $0.40/mile. That is a company driver. They have most likely come up with this so that the driver will take better care of their equipment. There are legitimate leasing companies, but if you want to become an owner operator, you need to save your money and buy a truck out right. If you don't have the credit to buy a truck, then wait until you get your credit in good shape. You will never get ahead by renting a truck from any carrier.

[Ian Williams]

It looks like a variation of Lease-Purchase where you get all the risk and they get all the reward.

You the search feature on here for "Lease Purchase", "Fleece Purchase" and "LP".

You are worse off with .40 cpm as an independent contractor than getting .30 with bennies as a company driver.

The carrot they offer after three!! years is an old worn out 8 yr old freightshaker. My semi-educated guess is that the tuck is only worth $10-15k.

[BanditsCousin]

It says their trucks come with an infram overhaul before you get them. And new clutch resurfacing.

Sounds like these guys are scooping up blown up trucks and got a couple of guys in the garage that can get em going cheap.

For 2 years commitment and 40 cpm, of course you're getting a worn down truck shined up. The program may work for some, maybe better for others.

I bet the 2yr term is if a team runs it :wink:

[WildK9]

I bet the 2yr term is if a team runs it :wink:

i talked to the recruiter about a year ago, and if i remember correctly, thats what he said. he also told me that he used to work @ Prime. hmmmmm! :wink:

[Uturn2001]

40 cpm base pay and you have to pay maintence out of it. I would be willing to bet with a truck with 800,000 miles on it your maintence cost will run at least 10 cpm if not more.

[feederfred]

And they are probably some worn out stuff from CR England or Swift. Sure looks like a rip-off to me. There has been several companies with this "we pay for everything-you just drive " gambit. Let's see, even at "cheap freight rates" the company will still make a lot of money off this.

[Cluggy619]

Thanks for all of your replys. This is the kind of info drivers need when they run across companies like this.

Keep them coming, and if you know any other companies that do this, list them as well.

[Oscar.d.Grouch]

I posted this BEFORE i saw the link to XXfreight.com...

************************************************** **********

I left Wil-Trans 2 years ago.... as far as trucking companies go, you could do a lot worse... First, the reason I came off the road was that my wife had to have knee surgery. Somebody had to take care of the house.

Now, Wil-Trans? Small company. You get to the everyone and everyone gets to know you. Darrell Wilson stays on top of what the drivers are doing and without a doubt, keeps the communication going. Good or bad. He and I butt heads a few times but nothing major.

Since they didn't have this ownership program going when I was there, I called my buddy Larry who still works there. He's been there about 4 years now I think.. I asked him about this new program.

What's happening, (and Larry said he'd try to get some more info for me) is that you go down to Springfield Mo. Freightliner and pick out one of their SELECT TRUCKS.... Wil-Trans doesn't co-sign if you have crappy credit, but what they do do is gaurantee the THEY WILL put another body in that truck if you default on the note or quit.

Now, I don't know who told you that if you went there with no refer experience you'd be with a codriver for a month... That's a crock of ****.. They want you to run team... everyone makes more money running team. You'd get classified at LEAST as a B seat for 3 months... then you might move up to an A seat and get your own truck.

The .40 cpm sounds more like company driver pay. As a lease Operator, benefits are available... but nothing is free.. you will pay for them.

Running 2700 miles a week? Darrell Wilsons philosophy is if you're running 3000 miles a week, you're working too much... He'd rather you run less miles for higher pay...

Like i said, I can't really complain about the place.... One of the biggest bitches that i did have was that when it's maintinance time, they want you to come there and have the truck serviced.... I'd go out of my way to get back home and get my work done and that used to piss the hell out of them....

also, when I turned the truck in, i got nicked and dimed to death and what was wrong with truck, and everything was billed to me in quarter hour increments.... at the normal shop rate.... 60$ an hour... by the time they got done, i got hit with about 400$ in labor for dumb **** like topping off the windshield washer resivor.

but, everyone is out to make a buck, and i'd be willing to bet, had i worked for a different compay, the same thing would have happened when i turned the truck in.

as for the money? there were good weeks and bad like anywhere..... first week out, I BROUGHT HOME 2600$.... second week out 1200$.... there were a few weeks where i went in the hole, and sure it pissed me off, but if you're gonna run a business, that's a chance you take. i think the worst check i ever got was -66$......

oh, one more thing.... the forced disptach??? only a compay driver is forced dispatch.... you have the right to refuse any load..... but, the less hassle you give them, the better you'll do.

If you talk to Mike SanPalo, Tell him Chris P said hi.

Got some more info.

Called the company, and was told the following:

• 1: Must have some OTR and refer experience. If you have OTR, but not refer, they can put you with someone for a month to get you that experience.
  
  2: Time on contract is 2 years, not 3.
  
  3: Must make 2750 miles per week - in the contract.

Still looking for people who worked for this company.....

Are there any other companies that offer something like this?

I too was curious about this and emailed them. They told me exactly what you mentioned except that the program was normally 3 years but in certain circumstances it can be only 2 years. They also said that their trucks (only 2 available at this time) are 1999 Freightliner FLD and a 2000 Freightliner Century both with 700,000 and 800,000 miles on them. :shock:

I emailed back and asked for more info on the trucks.....response: 1999 & 2000

[marcel27208]

I'm no expert by any means but reading around the site this is what I gather into my feeble brain


Driver:

Pros
---------
.40 per mile
own truck after 2 years

Cons
---------
.40 per mile
Maintenance costs
forced dispatch
no escrowed taxes
no benefits IE: health insurance


Company

Pros
------------
Employee is a private contractor therefor no TAX headaches
No benefits to pay for employee
No maintenance costs on the truck
re-lease the truck again if driver leaves early

Cons
-----------
If the driver completes 2 yrs they have to buy a new truck





Seems to me the Pros far out weigh the cons for the company more than they do for the driver. Unless someone else wants to chime in here with something I missed?

BOO thumbs down to this lease!

maintenace included???