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05-26-2008, 10:55 PM
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Is this deal worth dang???
I drive past this smaller outfit daily with a sign offering:
Net Lease: Earn $.62 per mile to start. We pay all fuel, licensing, truck insurance, road taxes, IFTA and 2290.
What would that leave you paying for? Truck, keeping it maintained, meltdowns? Anything else?
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05-26-2008, 10:57 PM
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I'd stay away. They'll probably pay fuel only if you get X fuel mileage. etc..
and the "to start" scares me as well.
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05-27-2008, 03:28 AM
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Kinda depends on how many miles they give you. If your truck mait & repairs cost you $10,000/yr that still leaves you $.52 for ROI and your wage/benefits/pension as a driver. I agree with Allan....depends on what's in the fine print...or isn't in the fine print.
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05-27-2008, 04:25 AM
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There are several companies out there offering a net lease...most of them out west. They do, in fact, pay everything they say. But ponder this: $.62/mile as a self-employed is roughly the equivalent of a company driver making $.50-.52/mile. Considering that you still have to pay, at a minimum, for the purchase and maintenance of your equipment, is it really worth it? Would be an easy answer for me, but every man has his own ideas.
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05-27-2008, 04:50 AM
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For the desperate O/O's out there who at least have low truck payments or a paid for rig this would be one way to find a 50 cpm job if those are rare in the area. I just drive past this sign daily and wonder what the fine print could be. I'm sure they'll be monitoring your idle and mpg as if you were a coolie company driver.
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05-28-2008, 12:10 AM
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I'd suggest being a company driver at those rates. I'm not an expert on company driver rates, but, when you strip off the rest of the o/o expenses, you're probably still making more as a company driver and you avoid the headaches... just my opinion.
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05-28-2008, 10:52 PM
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Quote:
Earn $.62 per mile to start
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Taxes will take 30% right off the bat.
15% self employement
15% SS
Thats 18.6 cents a mile, leaving you with 43.4%
Also if you had to pay for health benefits, like you would get at a company job, now you're talking big bucks
Take out Maintenance, truck repair,etc....
Company is saving a ton on you if you go that route.
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05-29-2008, 02:29 AM
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There is a reason for that big sign out front.
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Truck Driving an occupation consisting of hours of boredom interrupted by sheer terror!!
"All the coolie carriers suck. Log 70, work 80-100, paid for 50." - the Great ColdFrostyMug
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05-30-2008, 11:50 PM
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Re: Is this deal worth dang???
Quote:
Originally Posted by CB JR.
I drive past this smaller outfit daily with a sign offering:
Net Lease: Earn $.62 per mile to start. We pay all fuel, licensing, truck insurance, road taxes, IFTA and 2290.
What would that leave you paying for? Truck, keeping it maintained, meltdowns? Anything else?
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Wait six months and you'll be able to do waaaaay better, once this soft economy weeds out the weak ones...
Of course you could probably do better than that now.
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06-01-2008, 09:26 PM
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Re: Is this deal worth dang???
Quote:
Originally Posted by HWD
Wait six months
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You wish... :roll:
And to original question;-No, it ain't worth it!
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Pessimist,- is just well informed optimist!
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