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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 |
Originally Posted by kentucky24
(Post 430981)
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 ? |
Originally Posted by dobry4u
(Post 430821)
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?? |
Originally Posted by kentucky24
So he is on track ask swift if they own their trucks or walmart both lease from Ryder
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Originally Posted by Orangetxguy
(Post 431068)
Hmmmmmmmmmmm. Mz Kelly must be an accountant??
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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.
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Originally Posted by bigorangefan9999
(Post 431090)
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. |
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 |
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 |
Originally Posted by kentucky24
(Post 431113)
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 ? |
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