LEASE QUESTION
 

Ok Consider This For 1 Year You Are Paid .50 Cpm As A Company Driver Working As A Contractor Basicly You Pay Your Own Taxes .40 Of That Is Yours .10 thqt is not taxed Is Put Into An Acct. Running 4000 Miles A Week Busting Your ### Cause It Is Called Work For A Reason.Runing All 48 States Main Lanes Being East Of Ms River.

Between 15,000 To 20,000 Depending On That Time You Spend At Home. Off Of The .10 Cpm Then At That Time You Are Able To Put Down Payment On Truck Also Save And During That Year Off Of The .40 Cpm Put .05 Cpm Into An Acct For Maintince And Taxes To Teach Your Self Saving Pratices As You Will Need To Learn. Along With Other Vital Teachings Of Running Your Own Buissness. That Still Leaves $1,400.00 Gross Give Or Take A Little For Home Time And Miles.

Then You Will Be Ahead Of The Hundreds Of Lease Purchesers Out There. Ok At That Time You Can Lease A Truck For Fair Market Value Such As For Example 60,000 Frieghtliner Columbia 2006 250,000 Miles With A Remaining Ballance Of A 500,000 Mile Warenty. At A Payment Of $500.00 A Month For 2 Years. Lease Purch. Paying A Price Per Mile Of $ 1.35 Plus Full Fuel Surcharge From Broker. Base Plates Paid And All Permits. No Over Milage Cost Or Any Other Invented Cost Such As Payroll Taxes Or Any Other Thing That Other Leases Use To Get Your Money.

Same Amont Of Miles Being At 4000 To The Last Day Of Lease, Last Payment Is Made Truck Is Yours.

Would You Do That. Is That A Good Deal? Just A Question I Have For Yall.

You are not going to be able to run 4,000 miles per week, every week. You will more than likely run between 2,500-3,200 miles per week on average. I do like the idea of saving for your truck. That is the smart way to buy. You don't need to spend $60,000 to buy a good truck.

Why could you not run that or at least close to that every week, as long as the loads are there, why not its called work. Lets say the freight is there could you do it then? And that you had a truck with no break downs compleatly drop and hook or at least fast unload and reload could it be done then?

There are two problems with trying to run 4,000 miles every week. To begin with, the freight isn't going to be there every week. We have slow times of the year when getting more than 2,500 is a real challenge. Another thing is that you will not be able to physically do it every week. Driving is physically and mentally demanding. I don't know of anyone who can drive that many miles each and every week. Finally, you will likely not be able to drive that many miles legally each week. You are only allowed 70 hours of work time each week. You will need to fuel and inspect your truck. There will be equipment failures, blown tires, etc., Repairs take time away from your productivity. If you run in Ohio, Indiana and Illinois, you won't be able to legally run 4,000 miles per week. The speed limit in Ohio is 55. Industry wide, you will find that most drivers average from 2,500-3200 miles per week. During the slow time of year a driver may not get more than 2,200 miles. If there is a company for whom you want to work, I suggest that you call them and ask about their average weekly mileage. I doubt that any will admit to 4,000/week unless they are talking about a team.

I agree, you can't run that hard. You also have to reset every week too. The loads are not going to come one after another. Some times I show up at the customer site at 6am and don't get unloaded until 12. Then I dead head 2 hours for the next pick up and finish loaded at 5pm. Now I'm dead and the whole day was nothing but unload and load.

I think 3,000 would be more realistic for a person with his own authority but leased on to a company, I don't think so. I've talked to many drivers who have sat for many days waiting for a load, dead headed 500+ miles or had to take a load for next to nothing because that's all there was.

:roll:

4000 miles a week, mostly east of the Mississippi, don't think so, that requires 571 miles a day, 365 days a year.

Any solos here run 208,000 miles last year?

why not buy a cheaper truck so you dont have to run so many miles to keep up? I know my situation is a little differnt but I just got a 98' Western Star 750,000 miles on it for $20,000. Now thats a lot of miles but I can buy three of them for the price you stated for yours. That gives me just as many miles I can milk from my three that you can get from your one. And if one dies, just get another and use the dead one for parts. Now it takes some work running older equipment but it can be done. Heck we ran cab overs up until two years ago.

But again we use them on our farms and dont run any where close to 4000 a week. But you can live in them and still get the job done. Sure they dont have fancy leather or a CB that will transmit to the moon. Or even all there mirrors... Who needs them anyways. HAHA

Just shop around for a good deal and save some cash.

OK HEAVY DUTY........ AT YOUR FIGERS THATS 571 FOR 7 DAYS COMES TO 191,856 INSTEAD TRY 665 FOR 6 DAYS WITH THE 34 HOUR RESTART THATS ROUGHLY 4156 A WEEK IN A 4 WEEK PERIOD AT 60 MPH FOR 11 HOURS IS VERY LEAGAL FOR ANY STATE OVER THE 65MPH SPEED LIMIT.


NOW IM NOT SAYING 4000 WEEK IN AND WEEK OUT BUT AN AVARAGE OF 4000 I DONT UNDERSTAND HOW YALL SAY IT CANT BE DONE IF THE LOADS WERE THERE QUICK TURN AROUND ON DROP AND HOOK AS A SOLO DRIVER NOW I HAVE BEEN DRIVING FOR 9 YEARS AND THEY SAY SLOW TIMES FOR FRIEGHT I PERSONALY NEVER HAVE SEEN THAT I HAVE NEVER HAD TO SIT AND WAIT ON LOADS UNLESS I WAS PULLING A REFFER AT BEEF AND PORK PLANTS. NOW IT MIGHT BE INDUSTRY WIDE BUT AS A DAY TO DAY DRIVER I HAVE NEVER SEEN IT.


AS FAR AS BREAK DOWNS GO I KNOW IT WILL HAPPEN THATS A GIVIN BUT I NEVER SAID THAT IT WOULD BE 4000 MILES EVERY WEEK THERE WILL BE BAD WEEKS FOR THAT AND HOME TIME BUT OUT OF THE 52 WEEKS A YEAR WY CANT YOU THINK OF 42 WEEKS BEING AT 4000 THAT GIVES YOU 10 FULL WEEKS A YEAR FOR TIME OFF AND BREAK DOWNS


NOW PEOPLE THAT ONLY RUN 3000 MILES IN MY OPINION DONT LIKE THE WORD WORK WHY WAS THAT WORD INVENTED? AND WHY ARE YOU EVEN DOING IT IF YOU DONT WANT TO WORK?

Last time I checked, a 34 hour reset takes a day and a half.

4000 miles in 5 1/2 days = 727 miles a day. Good luck doing that legally. :roll:

Not 4000 week in and week out but 4000 average for the year....thats even less obtainable as a solo....if you plan on having shorter weeks sometimes but still averaging 4000 for the year that means you are going to have many weeks running in excess of 4300-4500 if not 5000 to keep that average. Its just not going to happen under any circumstances. And this is not taking a shot at you but you havent yet been out on the road yet have you? Just asking so we know a little more who we are talking to here because this sounds like the grand idea good on paper kinf of thing people come up with before they get out here and see whats really happening with things.

sorry, I didnt read well enough, he says 9 years on the road. My mistake for not reading good enough :cry: But I still say that sounds like a plan hatched by a new guy. Not to sound like an ass but i would just think 9 years out would let ya know that plan just isnt gonna work.

My math says you have to average 571 miles a day, 52 weeks a year to average 4000 miles a week which equals 207844 miles a year. You could do 800 miles a day five days a week and have week ends at home. Go for it, but I would sure like to be there for the motor carrier review.



You got that deal nailed down in writing?


But what do I know, I ran 75,000 miles last year it will take me almost 3 years to do your years work.

Re: LEASE QUESTION
 

Ok this was e-mailed to you by someone right? a job offer?

You surley didn't type all this out with every word capitalized right?

As to running 4k a week on average,not possible for a single driver.And surely not able to do it legally.

Also a 2 year old Columbia with 250,000 miles where are those at?Never seen that low milage when I looked at trucks.

I call Bravo Sierra

Missed that part, do you mean 500 a week?

even at 500 a week that's only 52k

LOL, 60 mph average... Just gonna push freight out the back of that moving truck are ya? Never stopping to eat, use the bathroom, or slow down for traffic jams? How about bad weather? Just gonna run the chicken coops? Got yourself a truck to truck re-fueling setup like the Air Force has for air to air refueling so you don't have to stop for fuel?

Nobody is going to believe a fairy tale log like that at 4000 miles a week as a solo.

Sounds to me like this is just another example of another lease that won't work. We know you don't want to hear it, but it is just the facts. If you decide to go ahead with it anyway do us all a favor and start forum thread so we can follow your story. It would be great for everyone to see since the question about leases comes up weekly. Maybe a real life sample of how this works will help us all understand more fully how it can work.

Longsnowsm

$500 a month for two years comes to $12,000. What happened to the other $48,000? I am a level headed guy as most would know, and you are nuts. :D

YES MY MISTAKE $500.00 A WEEK SORRY ABOUT THAT BEING $52,000 AT THE END OF LEASE. AND YES I HAVE BEEN OUT HERE FOR 9 YEARS AND I KNOW HOW IT IS. WEATHER, SCALES, FUELING, EATING, SHOWERING, LOADING, UNLOADING, PRETRIP,AND POST TRIP SO I KNOW ALL THE ENDS AND OUTS ON ALL OF IT.

YES HEAVY DUTY IN WRITING IN CONTRACT WITH A CLAUSE OF IF THE RATS GO UP THEN YOUR RATES WILL GO UP IF THEY GO DOWN YOURS WILL GO DOWN TO A MIN OF $1.28 CPM WITH THE SAME FUEL SURCHARGE.


AND MIKE THIS LINK IS FOR YOU I DID A QUICK SEARCH FOR YOU IN TRUCK I DIDNT GO THRU THE THOUSANDS OF TRUCKS BUT THIS MAY HELP WITH THE MILAGE NOW GRANTED ITS LISTED FOR $65,000 BUT ITS UNDER 200,000 ON MILAGE.
http://www.truckpaper.com/listings/d...1710AF5B585D10

So, we don't like to work hard because we only run 3000 miles a week? If you've been out here 9 years then you'd know

A) 4000/week isn't possible, at least consistently

B) You'd know how to turn the caps lock off

Example- A week running your miles, lets say from York, NE to Evanston, Wyoming (about 750 miles, give or take)

If you pretrip, thats 15 min. Run 750 miles, logged legally, would take you 11 hrs. Post trip, 15 min. Total day, 11 hrs, 30 min and 750 miles

Do the same running the opposite direction, except this time you'd prolly have to fuel at the end of the day, seeing as you've ran 1500 miles (your tank capacity and mpg data are needed). 11hrs, 45 min.

Day 3, run same as day 1. York to Evanston. Another 750 miles and another 11hrs, 30min.

Day 4, (copy day 2)- 11hrs, 45 min, another 750 miles.

Day 5- copy day 1 and/or 3. 11hrs 30 min.

At the end of 5 days you've racked up 58 hrs and 3750 miles. Squeeze day 6 in and you can get 69.75 hrs and 4500 miles. Dang, I proved myself wrong on this one :roll:

I gave you a perfect scenario running I80, in the summer/spring, relatively flat ground, and never having to go under 75mph (with a few VERY minor exceptions like slowing down for he first few curves in Eastern Wyoming). This is also assuming you're pulling relatively light and smack the sisters in the face crossing them.

If you're suggesting you run irregular route doing this drop and hook, I call BS on averaging 4000/week. You get one 30 minute DOT inspection on day 6, and you ran out of hours and can't deliver your load without a restart. You break down for something small that takes a few hours, your formula is shot to hell.

Of course, I'm afraid of work. I only ran 2500 miles a week in the summer (doing HHG, spending a little more time loading and unloading than 99.8% of the poeple posting on CAD) :lol:

Any plan should be for the worst scenario rather than best. Plans rarely go completely as you hope. You need to allow for loading and unloading. Even if you do 100% drop and hook, you need to show at least 15 minutes. You ALWAYS underestimate income and OVER estimate costs. You will always have a breakdown, flat tire, etc., that will take time away from your driving. It doesn't happen all the time, but will happen. I have driven new and used trucks. They ALL break down. You could legally do 3,000 miles per week and that figure is realistic. There will be weeks when you won't be able to do that many miles due to business being slow, breakdown, time off, etc.,

I think it is a good idea to save for your truck. The problem is in your high income expectations. Those expectations are based upon consistently doing a 4,000 week. It just isn't going to happen. Your true average for a year will likely be around 2,700/week when you factor in home time, ,etc., That is a realistic figure. It has nothing to do with having a good work ethic. It has to do with being realistic in your expectations. There are some companies that may not give you more than 1,800 miles during slow times of the year. If you go into this expecting to log 4,000 miles each and every week you will be greatly disappointed at the end of your first year.

IMO,I don't think you will find a company that will let you log 750 miles a day,I could be wrong,but at the very least the DOT man doing log audits would be very skeptical of being able to log 750 a day on a very consistant basis.

I MUST BE MISSING SOMETHING IS THERE NOT A 14 HOUR RULE IN PLACE FROM THE DOT AND A 11 HOUR RULE IN PLACE FROM THE DOT WITH A 2 HOUR AND A 8 HOUR SLEPPER BREAK

IT LOOKS LIKE TO ME YALL ARE THINKING OF USING ALL YOUR 14 TO DRIVE. NOW I DONT KNOW ABOUT YALL BUT BY NO MEANS AM I LEFT DOOR JUNKY. THERES NO REASON I CANT STAY BEHIND THE WHEEL FOR 11 HOURS STAIGHT DEPENDING ON FUEL IN THE TANKS I HAVE BEEN DOING IT FOR THE PAST WHAT HAS IT BEEN NOW 2 1/2 YEARS SINCE THE NEW LOG HOURS WENT INTO AFECT.

IM NOT SAYING THAT PEOPLE ARE LAZY BUT COME ON IF YOU DONT WANT TO WORK THAT HARD THATS TOTALY UP TO YOU. MY MIND SET IS DIF I GUESS, I LOOK AT IT SO MUCH DIF THE REASON IM OUT HERE IS TO WORK. THE WAY I CHOOSE TO DO IT IS TO RUN AS MANY MILES AS I CAN.

I KNOW I WONT BE ABLE TO DO 4000 MILES FOR 52 WEEKS A YEAR BUT WHY NOT 42 OR 46 I JUST DONT HAVE THAT MENTALATY OF JUST DOING 2500 TO 3000 A WEEK ITS NOT IN ME TO SIT I USED TO BE WITH WERNER WHERE ALL I DID WAS SIT THE ONLY THING I GOT OUT OF IT WAS A SORE RIGHT THUMB FROM THAT ROAD KING.

NOW IM NOT DOWNING ANY ONE THAT DONT RUN LIKE I DO BUT THE 4000 IS OBTANABLE IF YOU WORK THATS ALL IM SAYING. I KNOW THERE ARE ALOT OF FACTORS THAT CONTRIBUTE TO THAT GOAL.

NOW ONLY ONE PERSON ANSWERED THE ORINGINAL QUESTION WOULD YOU DO IT? AND LETS SAY FOR EVERY ONE SO FAR THAT POSTED HERE THIS WAS YOUR NOT MINE BUT YOU SO CALLED PERFECT WORLD, AND YOU COULD DO IT LIKE I KNOW I CAN. WOULD YOU DO IT?

AS FAR AS THE CAPS THATS JUST WHO I AM OUTSPOKEN IF YOU CANT HANDLE THAT THEN JUST STICK YOUR HAND OVER YOUR EYES AND NOT READ IT.

IF YOU WANT TO LIVE LIKE THAT GO FOR IT. YOU THE MAN THAT CAN DO IT. AFTER ABOUT 5 YEARS OF HARD WORK YOUR HEALTH WILL BE GONE. BUT IF YOU THINK YOU CAN DO IT GO FOR IT.
BETTER READ THAT PART AGAIN, THAT WOULD BE ABOUT $1.67 FOR ALL MILES, IF THERE WAS A LEASE DEAL PAYING THAT MUCH FOR THE KIND OF MILES YOUR TALKING ABOUT THER WOULD BE A WATING LIST TO GET ON.

CAN ANYONE SAY PRIME

Ok I'll answer your question.I would not drive 4k miles a week on a consistant basis if it was available and if I could run it legally.

I would run that many miles once in a great while,but there is more to life than sticking your ass in that seat for 11 hours straight(not possible imo) and running that hard.

Can you answer this question for me.Why do most lease purchase programs fail?

I don't know guys, why you even bothered?:roll:
This "person" full of it, or have no idea of what he is talking about, or both... :P
Have fun! :lol: :wink:

Okay... prove us all wrong and go ahead and do it. Just one thing... please let us all know what truck you will be in so we can avoid you on the road when you finally vapor lock. I've got over two decades (including 6 full years driving Alaska) without an accident or a ticket and I don't want that screwed up. For a few years I had a dedicated run that AVERAGED 3200 miles a week year round, with a live load at one end and drop and hook at the other. Grand Rapids, MI to KCMO. No more than 45 min spent at either end and I still didn't want more. When the weekend came.. I was ready to go home and rest and have a life. Averaging 4K plus a week year round? Man... your body and mind will break down quick. And when it does... I sure hope that there is not a van full of kids near you. Oh well... when you finally vapor lock from running like that, if will mean more freight for us. Unfortunately, it is that type of goofy crap that has gotten us where we are with the FMCSA. Thanks for screwing up all our lives.

Who cares whether you get 4000 miles a week? Simple math and an understanding of operating expenses will tell you that if you can get that rate with no authority or trailer costs...it's a no-brainer. Of course that's assuming you're really going to get that rate and that the freight will be there, even if it's not 4000 miles a week. To do those kind of miles you need a drop and hook operation. Even then you're not logging legally, but you can come closer :roll: I'd be skeptical of anybody who wanted to hire a driver as an independent contractor. There's only one reason to do that and it's to shift cost burdens onto the driver. Why would somebody pulling in this "high-dollar" freight need to do that? I doubt any reputable broker would guarantee those miles. I'd be skeptical of the rate and I know no reputable carrier would hire someone as an IC. But none of this matters. You've got the chance to sign of as a company driver first. Might as well check out the operation and see if it's all it claims to be. Maybe it'll be that diamond in the rough :lol:

I don't know what a "slepper break" is, but I do know there's a 14 hour rule in effect. We'll explore it further in a second.

Ok, now that you're done ranting and raving, let's break it down:

0.25 pre trip
11 driving
0.25 post trip
10 off
0.25 fuel
0.25 pre trip
_______________

22 hours, and you haven't loaded or unloaded.

Now I don't know about you, but in the really real world, loading and unloading take longer than 2 hours on average. That's more than 2 hours logged on duty (not driving). But, we'll pretend you live in a world where you can drop and hook everything.

In that 22 hours, you were on duty a total of 12 hours, 11 of those driving. You have 70 hours before you run out of hours. That means you will run out of hours (without loading and unloading, mind you) within 5.5 days. If you can find a company that will allow you to just drive around the country, never breaking down, never loading, never unloading, rarely fueling, and never hitting any traffic, then maybe you can do it.

Because it isn't legal, and it isn't realistic. 4000 miles divided by 60 mph (average speed) = 66.7 hours. You will never do your pre trips, post trips, fueling, loading, and unloading in 3.3 hours a week. You would be hard pressed to even average 60 mph.

It doesn't appear you have much mentality at all.

Obtainable? Sure. Legal? No way.

No way. In 2006, I ran 54,941 miles for the year. Divided by 52 weeks, that averages out to about 1057 miles per week. For that, I earned a little bit over $186,000. That's called running smarter, not harder.

That's the biggest pile of BULL I've ever seen. PROVE IT!!! I dare you! I saw your W2 you posted then deleted and you made around 50k.

As a company driver I RAN on average, 4000 miles per week back in 05/06...

Company had terminals in Chicago and L.A. and i did 2 trips EVERY week and it wasnt ,,demanding'' so much as some people talk about it..

Now..., running 4000 miles per week in northwest or midwest with average lenght of haul at some 700 miles, i dont know about, but Cali to Cha town was a piece of cake..

Made good money back then, i was payed .36cpm..

I'll scan it tomorrow, assuming I can find it.

I wasn't paid with a W2 in 2006. I was paid on a 1099. :roll:

I'm still waiting for you to show us all how great you really did in your first full year. Prove your posts. I dare you.

Arguing about who made more money is just silly..you guys are grown azz men, snap out of it, please ... :roll:

Ya' know Vassago, I thought that post of yours from Saturday was one of the most logical, best written little pieces I've seen on this forum. Rational and concise, just a couple of bricks short of brilliant.

I was thinking that you really know what you're talking about, maybe you would make a better consutant than Steve Booth.

Then your overdimensional ego takes over (You need to be careful, if that thing gets any bigger you'll need permits & pilot cars just to run down to the mini-mart for a six pack) and you drop your last paragraph in there.

Even I could have cobbled up a fake 1099 by now. What's the hold up?

I'm not at home anymore, and it's on the bottom of my "to do" list. I've posted it before. If Booth can't remember it, that's his problem.

This thread was an interesting read... :lol: :lol: :lol:

I do and it was about $50k

well im not going to go taking sides as im sure it may seem...BUT....revs 1099 had a 6 figure amount on it....what the last 5 were I can't remember but I know there was a 1 for the first digit. I believe he said he wound up taking home/profiting/whatever around 50k. also, FWIW I run 4000 miles a week often...hell I have ran 5500 mile weeks and do that when im feeling froggy....can I do it consistently? nope it catches up to you too quickly...4k is a piece of cake...shit, I left barstow california at 10:15 this morning, and am sitting here in denver colorado and it is 4:00 am...didn't bust ass or anything, paced myself. I have never taken a reset at this company and my logs/fuel reciepts etc. match up....theres ways to do it but I wouldn't want to do it week in and week out.

my bad, its 5 am...sorry, and those 4 and 5k mile weeks are bouncing back and forth from kansas to cali running in on 80 so that helps out a ton

Are you running a dedicated route Teal? Are you doing flatbed now?