How do these guys make $?

[Broompilot]

I just listened to an advertisement for a very large carrier. Regarding buying one of the used Freightliners 03-04-05 models, I guess the prices would proabably range between high 30s all the way to maybee mid 70s?

Throw in a lease payment, insurance and everything else, this is what the pay scale was for an O/O .84 for I believe all miles, their industry is known for 5% or less DH. .03 for some kinda bonus, and .17 for FSC. I realize these companies run hard everyday, but you do the math if an O/O was able to run 2,800 a week.

I just do not see how they are making any real $, than add in an emergency breakdown, or a family illness. They seem to prey upon drivers who have no savings at all as the add also talked about 0 down or very little down.

 

[tec1959]

Well i've had friends do the same thing with company's like SWIFT,J.B.Hunt and other big company's,They will run hard just to make $400-$600 a week bring home and thinking that was big money.Also at the end of the lease or lease purchase they still owe $25,000 plus after the truck 3-4 years and now its about wore out.I think this program is for the big company's and the dealers to move used trucks when no one else wants them.

 

[rode2rouen]

I've heard these deals referred to as "Fleece/Purchase". It looks so rosy when you look at the ads that appear in the truck stop mags. I'm betting the reality smells quite different!


Rex

 

[themagicoen]

It really depends on the company and the lease you sign up for. Also if your a team or not. I know some compaines cap fuel at say 1.25/gallon so your fsc goes up as fuel prices due. So for a truck getting 7 mpg you would be getting around .24/mile. Lastly with the team, if your a team and run 6500 miles a week, with a good carier thats close to 7k/week gross, 500 lease/insurance/maintence escrow, 1250 for fuel using above formula, and your left 4k/week. Not bad. Just some of my thoughts. Im a expediter for life now, i can make that kind of money doing 3k miles/week teaming. I know a trainer that does on avg 7000-8000/week and gross 125,000/year but i never would want to drive that much.