Truck Driving Jobs

KaizerSoze · Joined: 14 Oct 2006 Posts: 2

Does anybody know of a good program in the southeast region? No money down. Need to be home weekends.

syl77dar · Joined: 09 Jul 2006 Posts: 371

goodluck

Rev.Vassago · Posted: Sat Oct 14, 2006 6:50 pm Post subject:

There's no such thing as a good l/p program. Do a search here, and you will see.

Rawlco · Joined: 25 Jan 2006 Posts: 1160 Location: Central Maine

You can rent a truck from Ryder or Penske for about the same amount and you don't have to repair or replace anything. Then you can lease on with a legit company that will pay you more.

Ian Williams · Joined: 22 Aug 2005 Posts: 705 Location: Northern NV

Here we go...let the flogging of the dead horse commence.

Fleece Purchase is the modern day version of sharecropping..you get all the risk while they get all the reward.

yoopr · Joined: 01 Dec 2004 Posts: 12865

KaizerSoze wrote: Does anybody know of a good program in the southeast region? No money down. Need to be home weekends.

Is this for real or is it a Joke?

Jackrabbit379 · Joined: 22 Oct 2005 Posts: 4754 Location: Wichita Falls,Tx

Why would you want to make a trucking company's truck payments?

Big John · Joined: 23 Jun 2006 Posts: 160 Location: Oklahoma

A company driver with a truck payment. :D

RostyC · Joined: 21 Oct 2005 Posts: 1247 Location: Maryland

I can tell you from the research I've done the numbers don't add up. Don't be a slave for anyone..... including yourself.

marcel27208 · Joined: 19 Aug 2006 Posts: 793

syl77dar wrote: check landstar

landstar doesnt do fleece purchase :D

KaizerSoze · Joined: 14 Oct 2006 Posts: 2

Nothing is foolproof, that's true. But I drive for an O/O leased to a container company and see what I could be making vs. what I am making. I am realistic and know that I will never get rich, but once the truck is paid off things will be better. I'll never be able to save for a down payment and want to own. There must be a way. Thanks.

Rev.Vassago · Posted: Sun Oct 15, 2006 8:41 am Post subject:

KaizerSoze wrote: Nothing is foolproof, that's true. But I drive for an O/O leased to a container company and see what I could be making vs. what I am making.

What you are seeing is the GROSS cost - before expenses. Most lease/purchase plans have a WEEKLY payment of $500 or more - that equates to a truck payment of over $2000 per month. Most companies who offer Lease Purchase plans pay around $0.85 - $0.90 per mile. When you have at least $0.50 per mile going towards fuel, and another $0.22 per mile going towards a truck payment, as well as insurance, repairs, maintainance, taxes, tires, etc., the numbers just don't add up.

Quote: I am realistic and know that I will never get rich, but once the truck is paid off things will be better.

Once the truck is paid off (at the inflated rate that L/P companies charge for it), it will be worn out, and either need a very expensive overhaul (at least $15,000), or will need to be replaced, giving you another truck payment. The average life of one of these trucks is around 5-6 years before an overhaul, given the amount of miles you will have to put on it to make any money.

Quote: I'll never be able to save for a down payment and want to own. There must be a way. Thanks.

If you can't afford a down payment on a good used truck (probably about $5000), then what makes you think you can afford to fork out about $75,000 per year to own your own truck?

solo379 · Joined: 14 Feb 2004 Posts: 3156

KaizerSoze wrote: I'll never be able to save for a down payment and want to own.

Why? Not good with the money? Than you are not belong, anyway!
Every con, is based on a human greed, and unability to see, thru the "green". :sad:
Well, you wouldn't be the first, and unfortunatley, the last!

Good luck!

Longsnowsm · Joined: 29 Dec 2005 Posts: 561

You would be wise to listen to these guys here... Like was mentioned, the numbers your seeing driving for an OO are the GROSS numbers and not the net.

If your not aware of what it takes to run a truck first you should at least understand the costs.

Here is an interesting thread, however incomplete it should at least give you an idea of the actual costs of running a truck:
http://www.classadrivers.com/phpBB2/viewtopic.php?t=21327&sid=7af46350c058d14b0e35f6997f2edf7c

Just look at what these drivers say it costs to run a truck, and then go look at the numbers that any of these lease carriers are throwing out there. You should start to see a pattern that unless your willing to starve to death your not going to make any money.

Next ask yourself why you cannot save enough to put a down on a good used truck. Get on with a good company that pays decent and in a couple of years you will have your down payment and some startup money. As others mentioned. If your not able to get ahead enough to put a down payment on a truck then go looking for better income and get busy with your business plan...

Someone else mentioned leasing with Ryder, and that if anything is probably as close as your going to get to a fair and equitable lease deal. All of the other lease purchase carriers are a ripoff. You will not make it if you try to go that route.

Nobody wants to rain on your plans, but it is just the sad truth. If you take the time to run the numbers you will find out that you are making more money driving company driver than YOU WILL GET TO KEEP on a L/P.

Buying a truck and trying to run a business is a big deal. Take your time, position yourself wisely, and you will have a shot. If you rush this and get lured by the cash flow mirage you will find yourself in a much worse situation than you had going into this. BOL

Longsnowsm

Big John · Joined: 23 Jun 2006 Posts: 160 Location: Oklahoma

Save for a down payment on a truck. Look at you expenses as a company driver on the road and at home, see what you can do with out and cut back on. Put back $100 a week and you will have 10% down payment in a year for a nice used truck or maybe you can do $50 a week and in two years then you can get a truck.

I know some drivers can do that if they stay out of the truck stop arcade and keep the lizarads out of the truck.

Don't be fooled and let the companys talk you into a lease purchase program. Just remember when PFT sold their company to TMC all those lease purchase deals those drivers had was gone, TMC didn't honor them and TMC ended up with the truck and the driver was no longer a truck owner.

I have seen only one lease purchase deal that is working so far and I have three good friends that are doing it and have been for about 2 years and should have it paid off in 12 months. The company puts the title in the drivers name and them as lein holder. And they have been doing good so far pulling a flatbed on percentage and not by the mile. I will wait and see if they get it paid for.

Save for a down payment go and buy the truck you can afford and want, you will be happier as an owner operator, plus if it don't work out with the company you are leased to you can leave, can't do that on a fleece purchase.

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