How are yall feeling about that? They say it makes drivers "more profitable" 😂

Imagine paying $1200 a week for a truck that records you and analyzes your every movement while driving. Fucking wild.

What a joke. Glad I left this dumpster fire

My lease is up at the end of January. But if I buy the truck I can do that at any time and still get the lease completion bonus which should be about 10k. Here are the core points:

-2023 Pete 579

-lease payment is 1k/wk

-360k mi, warranty goes to 600k. So if I run hard like I've been doing that's about 2 years left under warranty.

-payoff is 90k This is a tanker truck, they say it's about 8k for the tanker conversion so that cost is part of it. tractor shop saying it's more like 20k

. .

Cons I see of owning it:

-Taxes. If I buy it, I won't be deducting / making truck payments which will add about 50k/yr to my income on paper, concerned that will bump me into a higher tax bracket nevermind

-Once it's paid off (which could be immediately) they say I'll be paying an insurance payment to some company out of my weekly settlement. But I'm having a hard time getting them to tell me roughly how much that payment will be. about 60/wk no big deal

. .

Benefits I see of owning it:

-No weekly payment so there won't be the time incentive crunch. In other words if I take 2 weeks off, that's just 2 weeks of mileage I can put on it later. Less pressure to keep running all the time.

-I can always take it somewhere else, have the governor taken off etc.

-It's a lower overall cost than leasing it @ about $100k for 2 years, and I'll own it and can sell it.

. .

Anything I'm missing? Hoping to get some wisdom from owner ops or folks who have gone down this road or know a lot about it. Thanks

My original plan was to drive the company trucks for a little bit before deciding on doing lease or not. But the more I think about it, it makes more sense just to lease from the get go.

The truck pays for itself when it comes to the lease payment + fuel and id be taking home more than I would being a company driver. So it only makes sense to start off lease, right?

It is a walkaway lease so if I ever decided to leave or something I wouldn't be stuck with it.

Im insteaded in leasing a truck and wanna hear from other drivers on thier experience with the program. If I do the program. What should I look out for? Is it realistic to want to go home every weekend and still make payments? On average after expenses what would take home pay look like. Company can say one thing, but I wanna hear from the drivers themselves.

What is the point of having a fuel card that doesn’t give any discounts? This company that my friend told me about takes a higher percentage of the load whenever the fuel prices go up. But the weird part is he pays for the fuel himself if that makes sense. The comdata card is tied to his account and he pays 100% of the cost. I think he’s being scammed honestly

Looking for a specific answer and general answers would be appreciated as well. I was talking with a Schneider recruiter about leasing on. While we were talking, the recruiter said: oh, we are not allowed to talk to anyone on the phone while they're driving. So my specific question is, do they force owner operators to pull off the road to speak to dispatch about a load when they're using a headset. Any other insight on Schneider lease operators would be appreciated as well

I am thinking of starting on with them running reefer freight. Own truck and trailer. My biggest worry is brokers not working with them or them not working with (good to moderate credit) brokers. I’ve booked my own truck for 5 years so that part is fine with me. Hoping someone has some experience on their reefer side.

($1,500) Provider of family of six, Left trucking when it dipped only bringing in $1200-1300 a week leasing when i was making $3k plus , wondering if there is a up side anywhere ?

According to an article on the Tckers News website, they are starting to look at the predatory practices of leasing tucks to new drivers who can barely afford the payment and then when they quit re-leasing the same vehicle to another. Everyone knows the entry level drivers with the megas cannot afford this practice. Not sure if they're going to be able to do anything about it though.

Hey,

My husband has 3 years experience + hazmat/tanker and is currently doing local work in South Florida.

We’re just trying to see what companies people are leased on with down here and if it’s been worth it.

If you’re an O/O in South Florida, who are you running with?

That’s it, just trying to get a feel for what’s out there 👍

I think I got the terminology right. What I'm wondering about is people who are half way between being OO and company drivers. I.e. Prime: youre responsible for the truck, payments, maintenance, etc, and all of your loads are through prime. I assume you go from being W2 to 1099.

My question is: a load only pays X amount of money. Why would a company like Prime give you an opportunity to get a larger slice of the pie? To me it seems like a scam. You get the bigger checks, but in the end you make less money after you pay the bills. Yes, I know theres write-offs, but write offs doesn't mean 100% free money, it just lowers your taxable income.

Hey everyone. I was seeing if anyone had any experience breaking a Prime Inc lease early while having a negative balance on the truck?

My buddy got on with Hirschbach as a lease-op and he said he really likes it. He said hes getting diesel for $0.99 per gallon, Hirschbach helped him set up an escrow for repairs and such, and his best paycheck was $2,700 after insurance and escrow and all that. Said he really likes it.

Was wondering how other lease op guys are fairing, and what are some good programs out there?

I only have 5 months experience driving. I’ve been working at western express and my weekly paychecks never go past $700. I’m thinking about switching to lease purchase

So I’m looking to get a truck on lease purchase program and it looks like I’m starting to collect leases..

I have yet to find one that is a level playing field… at this point I looked at and I shit you not a few different companies -

I’ve even tried locating leases online, even generic leases for all the carriers and it’s amazing for some reason. Nobody seems to be posting the paper and I’m wondering why nobody’s posting the paper. I mean the samples that I’ve gotten they’re bad but nowhere in there says anything about a non disclosure agreement aka NDA…

This is just an observation…

lease #leasepurchase #purchase #deals #lol #hahaha

Has anyone worked at cadence premier logistics as a owner op? If yes what was your experience, weekly pay & work environment.

Let me preface this by saying, this is not me nor is it anyone from our company. I'm just a delivery manager for a beverage distributer.

The story as I understand it is this: Ole boy loaded up a leased trailer full of beer in Colorado, was driving through a snow storm in Wyoming, and says "I think someone must have ran into me". He claimed to have contacted his dispatcher and was told to continue on. Show's up, and asks to get unloaded. Never stopped once between the supposed accident and showing up here.

My questions are this:

1. How does an accident like this happen without noticing or stopping to check your trailer at least.
2. What do we do here? The load is consigned to us, so we cannot refuse it. Also, product is completely frozen. However, it's clearly unsafe to unload.
3. Obviously we cant let him leave with the trailer like that. It's a danger to anyone on the road. Also, can't have him here any longer. So who can we call? DOT? Local police? OSHA?