[kentucky24]

No prob
I figured you had something going on

Anyway
From what I saw on the other forem with the settlement break down
I would say
Trans am probally better fit

On the flip side
I read a few positive threads about JCT
A guy went through orientation a few months ago
Posting nets
1,250
1,4??
1,277

Not bad and that was after all expenses

Just a thought

I think I would opt out of Henderson on lease unless u planned on joining thsem on comp side

[BIG JEEP on 44's]

Originally Posted by kentucky24

they are operating lease
Kinda like a TRAC lease

Both have termination fees which are deducted from last statement

Henderson 475
Transam 525

Both have recovery fees if abandoned
(not sure amount)

Both have a detail fee if it's clean or not at turn in
(probally 175/200)

Both have to be returned at least half tank or charged for fuel up to 75 gallons in most cases

I sent henderson to ooida for review which I may have had an old copy but ooida says it was solid not much changes needed if any the residual on this contract was 28,748.23 and included a apu with shore power 1800 watt but NO inverter truck year was a 2007 freightliner but model was not specified (lease copy is probally 1 to 2 yrs old in my opinion but. I could be wrong )

But they said of the 2 transam would be best but ooida does not rec any lease deal

On the transam settlement posted

The numbers look solid

856.?? On net
But he had a 150.00 advance
A 14.00 advance
A 18.26 misc Exp or advance
And physical damage INS looked a bit high at 100 .00 I think u can get it about 65.00

So net about 1,040 .00
Then if u get different phy dam INS
And the 10.00 in advance fee
Close to 1,100.00 net

Then at 3000 miles his fuel cost was a bit high in my estimation looks like he is running 65 or. So deduct that to 62 saves you about
4 to 5 tenths per gallon mpg and nets u about
75 to 80.00 more profit in a week

His msint escrow looked correct

So ran a little tighter looks like u can
Net bout 1,080 to 1,200 or more depending on how u run your business
Reduce speed to 60 mph and save slightly more

Takes longer but faster u run more profit blown up in the air most loads are set at 55 any way keep door shut u will be fine

At 60 mph saves another 1 tenth or roughly 25 per week



Reccomends no less than 4 cpm on new and 9 cpm on used for maint escrow

What about deductions for benefits for things like health care out of that 1,040- 1,100 ...since you now don't have company health plan ?

[Orangetxguy]

Originally Posted by dobry4u

I am thinking you have a capital lease and not an operating lease with the truck, and therefore, it is not necessarily so that 100% of the lease payment is a "write off".

The IRS looks at a capital lease as a purchase and you will have to treat it like an asset.

If it is an operating lease, then the payments are entirely expensed because it is a rental.

Hmmmmmmmmmmm. Mz Kelly must be an accountant??

[Double R]

Originally Posted by kentucky24

So he is on track ask swift if they own their trucks or walmart both lease from Ryder

Leasing equipment from place like Ryder, Penske, AIM is alot different then a driver leasing a truck.:thumbsup:

[BIG JEEP on 44's]

Originally Posted by Orangetxguy

Hmmmmmmmmmmm. Mz Kelly must be an accountant??

I think she said she was a cpa before ...I could be wrong .

[bigorangefan9999]

don't need health insurance, i'm retired military. Also I receive enough from my retirement that I need not clear 1000 per week to get by. I plan to pay a straight salary of of 600.00 per week and place the remaining in an "emergency fund" account for unexpected problems.

[BIG JEEP on 44's]

Originally Posted by bigorangefan9999

don't need health insurance, i'm retired military. Also I receive enough from my retirement that I need not clear 1000 per week to get by. I plan to pay a straight salary of of 600.00 per week and place the remaining in an "emergency fund" account for unexpected problems.

It just seems hard to immagine you getting 2500 mi wk let alone 3k on a consistant basis ,when you have company drivers for Trans-AM sitting and getting only 1800-2200 ...Maybe you will ,but for me when I see company drivers only getting 1800-2200 it just makes me wonder how you would if leasing from them , and still pulling the same freight the company driver is that's only getting 1800-2200.

[kentucky24]

guys

Look the miles are there

From a company stand point it is more profitable for a company
In some not all cases to let company equipment set idle

Reason

No FICA
No SSI
No fuel
No benefits
No maint
No payroll
Same deductions if truck sets or runs to the company

And most companies do not pay layover due to lack of freight or the notion

So which is more profitable

Lease
Why

The still get revenue so why not let the truck run

Most companies are going to this

[kentucky24]

before anyone says it

Yes more burden
Yes more headache

The question is

Do u have the business savy to do it
It takes disipline to make it work

You can't run a rolling chrome shop or a Christmas tree

You have to run a business

Some can
Some can't

Failure rate is high

But most is from guys who can't shake company habits not from lack of work

Got to reach that learning curb

[BIG JEEP on 44's]

Originally Posted by kentucky24

before anyone says it

Yes more burden
Yes more headache

The question is

Do u have the business savy to do it
It takes disipline to make it work

You can't run a rolling chrome shop or a Christmas tree

You have to run a business

Some can
Some can't

Failure rate is high

But most is from guys who can't shake company habits not from lack of work

Got to reach that learning curb

Shake company habits ...just what does that mean ? Or is this the mantra one chants when he/she is still in the beginnng stages of a lease ,and thinks they will be different ,because they will run 62 and not idle ...then are seen later bumming free showers ?