thanks for the extra points
What kind of miles have u seen solos get Me and orange are conflicted in our decisions Orange You have to just bite the bullet sometimes and take a chance if I would not have 5 yrs ago Would have never got the walmart job which was the best I ever had would have stated for ever just couldn't up root family for a 1800 mile move That's how senority goes almost 5 yrs with them and still as bottom Make the decision best for you go with your gut |
my gut is leaning more toward transam right now. The buy out amount is as big as a deal as miles running right now. I know from the other board that several people with transam are getting 3000 and more per week.
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Lease purchase deals are for the stupid who lack basic match skills ,and pretty much all basic thinking skills ...A lease purchase at 85-90 cpm + FSC of 20-30cpm is not enough money to run a truck ,and the only entity that benefits is the company leasing you the truck/job ,as they still get money for you hauling the freight ,and you now hold all the RISK ...not to mention it releives them of paying employee benefits as you are now considered a CONTRACTOR and an employee of yourself not their company...Only a fool leases a truck from a mega carrier ,and only a moron consistantly runs a truck for $.85-90 cpm + FSC .
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Big orange, why are you so set on leasing with anyone anyhow? Your wife is not ready to join you for almost 2 years. Lots of things change in that time. Find a good paying company gig, and if your employer at the time won't let you train her, than worry about a new job.
And from my experience, my husband trained me, and he was a good trainer, but we fought like cats and dogs, because he expected me to just get it, drive like him in a weeks time. |
I want to own a truck for future earnings and by leasing if things don't work out I can walk away, where as buying from a dealer the only way to get out from under a payment is sell the truck, repo, or find someone to drive it and hope they take care of it. People say you pay more with a lease but like anything else you pay on time you always pay more.
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b jeep
Why you bashing Lease is not the worst a guy can do and he is right u can walk away from a lease Not a finance Lease 100 per cent write off Traditional fin is deprecation only So he is on track ask swift if they own their trucks or walmart both lease from Ryder Look it up write off equal profit because of less tax Just have to find right carrier and neg rate charged in lease agreement Most are12 per but bet u can get 9.5 to 10.25 Each contract is what u make of it and each is separate no bundled with others Neg and get good deal equals sucess Most companies bank on most drivers to just sign and not ask about nothing Hence failure rate Basic math and questions make sucess When u ask u get answers Never sign a lease you can not amend nor see at least a week prior to signing Being a moran I think not Called business since some have it some are cowboys Remember run a business like a company truck u will fail Big orange I emailed u My address is attached |
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. |
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 |
Thanks for the feed back. Sorry didn't get back in touch with you, had friends show up and had to play host. I plan on calling transam monday and setting up indoc and getting a lease copy.
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