@truckingthesevenseas your doing the most important thing that 95% of O/Os refuse to do. Tracking the numbers. Look into Profit Gauges, at Let’s Truck for a great accounting system made for trucking that will provide you and your tax preparers a great P&L and business report. You seem like a smart guy, maybe should have just bought a used truck and leased on to Landstar or Mercer, etc etc , you’d make more money and drive less miles, be way more control of the maintenance other cost, and your life in general.
ruclips.net/video/-qXzbGKS6GE/видео.html That's exactly the plan. I talked about it in this video. Test drive this vehicle, wait out the trash market and then go Land star. I'm not in a hurry to make the leap at the moment. Next year though.
@@truckingthesevenseas If your overall “good” plan is to go work for a company that takes over 30% off the top from you then I don’t care how good you are with numbers or how dedicated you are you’re fucked. The industry standard to lease a truck to a company is 10~15%. Landstar has been absolutely raping people for decades now just like knight. It doesn’t matter how amazing their drivers lie and say they are I promise you their freight is not 20-25% better than the open market to justify what they take off the top. So step one get away from knight turn that shit in and just go drive a company truck so you can actually make money while you learn all this stuff and step two stop looking at huge mega fleets as a way to be profitable as an individual. They don’t care about you, they will NEVER care about you. Start making friends that own 5-10 trucks and lease on to them and take home 85-90% and you’ll find out what actually making money in trucking is all about. Preferably one that’s in a niche market like ltl reefer or oversize.
They own the truck. The driver works to pay the expenses and maintenance. Perfect plan for mega carriers. I was a company driver to learn the business. Saved my money and then purchased my own truck.
😮😮 that’s horrible! You brought in almost $6000 in revenue for 3347 miles and you only bring in $1660???? Bro turn that truck back in!!!! Holy Hell that’s awful!
😂 very true I had a buddy buy 2 trucks like this and when he wanted to start his own fleet him thinking the trucks where already paid off they said nope not your trucks read those contracts very good and it'll stake it there you and the truck needs to be with knight at all time
I don’t understand why anyone would run as a lease operator. $1650/week is what a company driver makes without the maintenance costs. Once you take your taxes out, you’re clearing about $1100/week. Great content in the video but those are some tough numbers to see. Good luck to you brother.
@@BobCrane787 I’m sorry to hear that. Good that you didn’t refuse any dispatch. Because of that level of commitment, you are owed more than $650/week. Hope you have found a better gig somewhere else! Be safe driver.
Sounds like they are nickel and diming you to absolute death. That 3 cent per mile ifta charge is a complete scam. I don’t think I’ve ever seen my ifta bill ever be over 75 bucks per truck per quarter. This year I’m actually owed 300 bucks. I hope you get through this phase and upgrade out of the lease purchase
Hope he gets a refund, If you fuel up in the correct places he shouldn't pay anything. But this whole lease is legal slavery. These new drivers think they are doing well by this.
I feel like those truck payments kill any real profit that could have been made… wouldn’t it be cheaper to find someone selling their truck and seller finance it?!
Absolutely. Wanted to try leasing to in order to protect against... say...idk.. the fifth wheel being bent. Just got a new one installed for free. Will later purchase the vehicle with a bank loan if everything works out.
Lease purchase..? Double payment folks, paying to lease, then a payment to own, so they throw in an Extended warranty ? WOW Just wait till your in need of repairs, and have to locate a service center that will honor your extended warranty. NOT A HATER, just keeping this real, for those inexperienced drivers, fresh out of trucking school, buying a truck. Remember that Revenue minus Expenses, they call your PROFIT...? You Still have to declare your Federal, and State Income Taxes, Uncle Sam will get his cut, the IRS will be there waiting ! GOOD LUCK.
Get ready to be cheated. Night transportation CR England Swift. Are trucking companies that will screw you. Go to Idaho! D&D out of Gooding or Giltner inc out of Jerome. Are the best to go for.
Your forgetting to show taxes out of your Net pay. You owe uncle sam 20% of that $1660 5% to ssi, 3% to workmans comp ins, and whatever your local state income tax is. So you just did allll that work for less than $1k.
1st week allreaddy changing numbers to make it look like he is make money.also who bends a 5th wheel.i have 2millon miles on my truck same 5th wheel.i think that truck is beat to shit.1 week allreaddy stuck in shop.WTF😂
Youre paying 1600 a month to lease a 60k truck? At a reasonable interest rate to BUY a truck of that cost it would be a fraction of that... for 4 years at 5 percent it's around 1400, For that new of a truck you could probably get a longer term than 4 years however... Seems you got bent over on that deal.
@@stretchingmileswithstretch7227 maybe not, but it’s a general baseline stat, fact is 1600 a month for a lease on a 60k truck is pretty rough, why not buy one outright for the same money then sell it in the end to get some reimbursement from the deal.
@@jarjoobinko i know of lots of companies i could go work for 2000 a week easily,home every night--he is working for 9 bucks an hour--after expenses he will have nothing year to year--one week means nothing,zero
Reach out to me when you start having peoblems. I drove for them for 9 years, leased two trucks, i have LOTS AND LOTS OF information available if and when you need it. Luckily, i had the resources to just purchase my truck out right but LOTS AND LOTS AND LOTS of pay issues.
got damn mannn not a single load over $2 a mile thats wild, listen notbing really should be under $3 a mile but of course it is thats tha economy buuuuuut damn...do you know your cost per mile to be able to be running those loads?
He's operating as a power only lease operator. He's not gonna make $3/mi pulling someone elses trailer. We would all be millionaires if it worked like that.
@@AMT4245 i mean theres plenty of companys that are power only paying way more, fucc bro landstar damn near 90 percent power only they aint pullin they own trailers. its mainly drop n hook freight...
@@KeithRowell-ix2qg bro your retarded. ill send you pay stubs. shoot me a way to contact u. i was taking hone $2100-2900 almost weekly running otr flatbeed at hmd llc. in ten months i was able to live and still save 20k to use as my down payment...only reason u never seen that in all ya years is cuz u worked at fuccin knight! lol they got u guys out here fightin for litteral crumbs, all these mega carriers. anyways dont come for me like im lyin cuz i got 100 percent proof i will send u pay stubs
Shocking numbers..... Prior to deregulation, O/O's were getting over $1/mi..... 45 years ago! That's what? $7 adjusted for inflation.... About.... Let that simmer a bit in your head. When a new Trans Am was 6 grand and a house was 25.
Make sure you take out .25 cents a mile for the Stealership. They make a percentage off everyones truck as well. $227.00 an hour labor in Atlanta. You'll need their software
It amazes me that all of you lease operators who are trying to justify getting ripped off fail to include Fed/St tax, FICA and the fact that you pay 100% of your taxes where as an employee only pays 50%. So all of a sudden your 1600 profit turns into about 1000. Wake up people!!
@@jarjoobinko keep on lying to yourself and it'll catch up with you. EVERYONE pays taxes you can't write off 100% anything and if your are you'll get caught. I think you been reading to many trucker stories. If you're spending so much money on expenses that it covers your taxes how are you eating?
This really puts things into perspective. I play american truck simulator with as realistic mods as possible and its almost spot on as to what your getting so thats awesome how close to irl it is
As a 35yr trucking veteran, Your absolutely nuts to be leasing or buying a truck in this economy, u worked close to 70hrs and made $1600, Wait till your truck breaks down and the tow bill is $5k
I’m fixing to get into Trucking in January with CFI for my CDL training. I’m single no kids no bills except for my cell phone and will live in my Truck to stack my money…..I’m excited to get out on my own and travel the USA with OTR and get paid doing it…..What’s your opinion on my situation? I’m the type of person who likes to be on my own and if I decide to get a girl I can bring her out either way me, so I’m not one of these that has to have home time every week or two weeks….anyway glad I found your channel 👍
This is exactly what I am currently doing. No Kids, house, or even a car. You can do very well for yourself in this situation. You are in a prime position to give it a shot. Just be aware the first few months of trucking will be brutal. Alot of stress and confusion. But if you can get through the first 3 months or so it gets very easy, relaxing and fulfilling. Give it a go
--i bought my first truck in 1979--had my own company a year later(my wife and i) --these lease scams are all the same--night is trying to pass expenses off to the driver--these lease scams have been around for over 50 years== now retired i help a company out here in northern nevada,short hauls,home every night--they pay me 2000 a week whether i work or not--all lease purchase are scams,bottom of the barrel but ignorance is bliss
I never hit nothing in a couple years either, then just cruising in the darkness of a drop lot my trailer ripped off the radar sensor / grill of a company truck. Not turning, just cruising by straight in the dark. Woke that driver up out of a dead sleep 😂. We have the same model truck and honestly .40¢ - .45¢ cpm is average for me out west depending on weight.
As a lease operator, they don’t know, what they don’t know. Basically paying rent to drive somebody else’s truck, with a load of restrictions to honor the lease.
Okay, $2000.00 for tires. That isn't too bad. I just dont like the other charges. Do they charge company drivers a deposit on the Quallcom? Do they charge company drivers for their property and buildings?
A bit of advice for you. Stop your maintenance escrow. Don't give the company anymore of YOUR money they can keep if something goes wrong. You're a grown up, if you can't start your own maintenance account, you shouldn't be in business. Right now 5 cents a mile doesn't sound like much. But later on when you've got a couple of grand in there it's gonna sting when the company decides to keep if you leave.
No it's nowhere near that much I know because I wasn't independent for well over 30 years... Self-employment tax is 15% Federal and state combined is 15% if you have dependents, And it's even lower than that if you file jointly with your spouse. And you end up getting a refund if you're paying a total of 30% when you file Of course it all depends on what your net profit is for the entire year if you are under $75,000 And there's a good chance working for these fleece companies is that you're not going to net a $100,000 of profit
Dude I ran 2600 miles last week as a company driver and made $2500. Please for the love of god just run that thing until you get enough experience to leave and get the fuck away from them. I always knew they ripped y’all off but I had no idea it was that horrible…
@@jay-l3f1j only have 3 trucks and all are full. Gotta have 3 years experience, knowledge of pre eld equipment and be willing to turn wrenches yourself when necessary. Oh and it’s multi stop LTL produce. I never said I didn’t work for it 😉
Everyone’s gotta start somewhere. Once you got your numbers down over the next few months, just go buy a truck for 60,000/70,000 and lease on Mercer or Landstar. Kights ripping you off.
Nice video and safe travels. I drove OTR for 6 years then decided to drive a garbage truck. I make 80k and sleep in my own bed every night. Truckers deserve triple what they make for all the bull shit between hazards stupid company politics and the devil DOT. If you want a quality life stay away from trucking if you need a place to start this is an option. Never do a lease! I hope you all strike one day and demand what you really deserve
Drivers always talk about what they made, but never talk about how they made it and the company. They save that extra info for their family & friends to get hired.
If the numbers on the thumbnail are what you made after all other expenses for the week then that means you made as much as I did and I don't lease my truck. Because of that I also have no legal obligation which means I could leave this job and go somewhere else and not owe anybody anything nor pay any money back to whatever company I'm working with. As of right now doing anything especially leasing or even owning is currently not really worth it. Between Brokers trying to cheap out on freight to the best of their ability as well as the fluctuating fuel prices which depending on how the next election goes may only get worse, there is no point even trying. Most people will just end up in the red and those that don't will not be making very much. I'm not saying it's the worst idea though I do have a thing about giving Knight Transportation any money but as of right now with the current economic situation with a possible market crash coming in the next couple years I don't feel like that's a good idea. I really do hope you stay afloat because now you are legally responsible for everything but just keep an eye on the market as everything goes on. I hope all goes well and I hope you end up proving me wrong.
All it come down to. is you pay your own social security .you pay your own taxes at the end of year.when its all sais and done if you 50000 for all those miles.count your blessings..if you run 13000 a month. X going rate of a driver is.65 cent a mile.come out to 13000x.65=8450 a month .12months x 8450.=101400 a year.pluse you have to pay your own social security. Since your a own operator. As a company drive they pay half and the company driver pays half.you getting total rip off
Omg you’re going to regret your decision!!! I take home 13k a month and I own my truck, these numbers you are earning is absolutely frightening!!! Also that’s some cheap freight 😬
Awesome, I'm looking forward to this! I'm just almost finishing CDL school and talked with Knight transportation to go into a flatbed, and thought about maybe in the future doing a lease purchase, these series would be very helpful!
Just remember when you sign that lease and you give it back theycancom after you for the rest of the contract. Just like a car lease go work for somebody for a few years then go buy your own .only fools rush in.
The dedicated flatbed account I’m on the average company driver is making 100k with benefits home on weekends and can get home during the week . Keep your record clean don’t hit things don’t speed and tailgate show up on time don’t cause problems with customers and communicate effectively with dispatch . You will developed a good reputation. That will allow you to network into a high paying position . It could take a couple years but the jobs are out there . And fully fund your 401k before you run off and buy a new car , your spending a week or more in a truck and your going to leave your car parked in some random lot a 3000 dollar grandma Corolla is fine you might put 5000 miles a year on it . Also otr you can probably ditch having an apartment and bank that money as well . We have a local driver that rides a Walmart bicycle to work and leaves it I. His trucks parking spot makes 100k a year and rides a 100 dollar bike to work . I prefer my brompton it folds up nice and fits right in front of a freightliner passenger seat .
You can make better money as a copany driver.your only going to take $500-800 a week then u have to take taxes out of that.quit before your broke.if u think this is a good deal your nuts
Lmbo give it back 1660 you need to make grand a day and I know company drivers that make more then that. Take 30% taxes health-care road expenses and repairs you midas well go work at a gas station sorry get out of that truck
drove for aa lot of years i remember calling dispatch and telling them fuel was 1.50 a gallon and they told me get 50 and head south i was in new england your fuel costs are more than i grossed i know you cant imagine a fuel war where all the stations lowered the price 10 gallons to fill my vw was 2.50 25 cents a gallon how much of todays fuel is tax theyll never lower the tax its only going up tractors keep getting nicer but its the same grind as before get loaded and hit the road drop is 60 bucks that sucks tried to get as much drop and hook as i could some places you were there allday getting loaded there needs to be some sort of pay dealing with down time at these venndors.keep up the channel it lets everyone know what its like driving its so much more than driving
Wait till u wait for a load in fontana ca all weekend to get a phonix load and back just to sit again.700 miles for the week.just wait till u have a repair u wont have a check at all.its a joke.
Interested in driving for Knight Transportation? Click the link below to contact a driver recruiter.
knightfriends.com/177155
lol man you better stop playing and return that bs
Who in their right mind would work for knight?
@truckingthesevenseas your doing the most important thing that 95% of O/Os refuse to do. Tracking the numbers. Look into Profit Gauges, at Let’s Truck for a great accounting system made for trucking that will provide you and your tax preparers a great P&L and business report. You seem like a smart guy, maybe should have just bought a used truck and leased on to Landstar or Mercer, etc etc , you’d make more money and drive less miles, be way more control of the maintenance other cost, and your life in general.
ruclips.net/video/-qXzbGKS6GE/видео.html
That's exactly the plan. I talked about it in this video. Test drive this vehicle, wait out the trash market and then go Land star. I'm not in a hurry to make the leap at the moment. Next year though.
@@truckingthesevenseas If your overall “good” plan is to go work for a company that takes over 30% off the top from you then I don’t care how good you are with numbers or how dedicated you are you’re fucked. The industry standard to lease a truck to a company is 10~15%. Landstar has been absolutely raping people for decades now just like knight. It doesn’t matter how amazing their drivers lie and say they are I promise you their freight is not 20-25% better than the open market to justify what they take off the top. So step one get away from knight turn that shit in and just go drive a company truck so you can actually make money while you learn all this stuff and step two stop looking at huge mega fleets as a way to be profitable as an individual. They don’t care about you, they will NEVER care about you. Start making friends that own 5-10 trucks and lease on to them and take home 85-90% and you’ll find out what actually making money in trucking is all about. Preferably one that’s in a niche market like ltl reefer or oversize.
Not worth it if you gotta shell out 1000 dollars a week to knight. Dont know why people keep doing those purchases for mega carriers.
Because they are absolute morons!
Stupid is what. Stupid does.forest gunp famest saying.
They own the truck. The driver works to pay the expenses and maintenance. Perfect plan for mega carriers. I was a company driver to learn the business. Saved my money and then purchased my own truck.
😮😮 that’s horrible! You brought in almost $6000 in revenue for 3347 miles and you only bring in $1660???? Bro turn that truck back in!!!! Holy Hell that’s awful!
I know company drivers who make way more than that ….
50 cents per mile is a joke
If u added da $2k for tires dat he didn’t needed but wanted, his check would’ve been $3660!!!
He needs to train in order for it to work
I was making that with Swift (you are actually Swift) 17 years ago running less miles!!!!!!
Say NO to cheap freight !
they never give you anything back, as you will find out in the end no matter what they tell you
I agree with you 💯 💯💯💯 They're going to find so many reasons not to pay you at the end 💯💯💯
😂 very true I had a buddy buy 2 trucks like this and when he wanted to start his own fleet him thinking the trucks where already paid off they said nope not your trucks read those contracts very good and it'll stake it there you and the truck needs to be with knight at all time
@@truckinitwithedward3886that’s what leasing is all about. Maybe your friend wasn’t the brightest 🤷🏼♂️
I don’t understand why anyone would run as a lease operator. $1650/week is what a company driver makes without the maintenance costs. Once you take your taxes out, you’re clearing about $1100/week. Great content in the video but those are some tough numbers to see. Good luck to you brother.
I averaged 650$/Wk with Knight refrigerated, I never refused one dispatch.
@@BobCrane787 I’m sorry to hear that. Good that you didn’t refuse any dispatch. Because of that level of commitment, you are owed more than $650/week. Hope you have found a better gig somewhere else! Be safe driver.
@mileclaimer132 I appreciate it, I'll see where the road takes me.
You look like a dispatcher undercover
Sounds like they are nickel and diming you to absolute death. That 3 cent per mile ifta charge is a complete scam. I don’t think I’ve ever seen my ifta bill ever be over 75 bucks per truck per quarter. This year I’m actually owed 300 bucks. I hope you get through this phase and upgrade out of the lease purchase
Hope he gets a refund, If you fuel up in the correct places he shouldn't pay anything. But this whole lease is legal slavery.
These new drivers think they are doing well by this.
Don’t see how it can possibly be worth it to run for that. A couple of months ago that was company driver pay
Take away the one time tire purchase and he made over $3600 for the week.No company driver made that in a week.
@@DougBeerman Your right, I make $3900 as a company driver and am still home on the weekends.
those extra charges will end up killing you
I feel like those truck payments kill any real profit that could have been made… wouldn’t it be cheaper to find someone selling their truck and seller finance it?!
Absolutely. Wanted to try leasing to in order to protect against... say...idk.. the fifth wheel being bent. Just got a new one installed for free. Will later purchase the vehicle with a bank loan if everything works out.
Don't listen to all the steering wheel holders that have never owned and never will own a truck.
No wonder they are taking everyone’s business. They are moving freight for nothing
I have been known to make this much money, gross in a week,as a company driver. I've been saying it for years lease purchase is a rip-off.
If you going business school you was get kickout for doing this type of deal.
Drivers always say you git a bad deal, but never tell about good deals
Hey Buddy, let's talk about your Net Profit Lease operator in a few months ???? I would like to see if you still in business ??????
We will be. I'll be posting a weekly update on how things are going. Good bad and ugly.
Leasing in this economy is insane
Lease purchase..? Double payment folks, paying to lease, then a payment to own, so they throw in an Extended warranty ? WOW
Just wait till your in need of repairs, and have to locate a service center that will honor your extended warranty.
NOT A HATER, just keeping this real, for those inexperienced drivers, fresh out of trucking school, buying a truck.
Remember that Revenue minus Expenses, they call your PROFIT...?
You Still have to declare your Federal, and State Income Taxes, Uncle Sam will get his cut, the IRS will be there waiting ! GOOD LUCK.
That's horrible numbers and this right here boys and girls is why we Don't lease a truck
Get your LLC do not operate as a sole proprietorship. If you do you might as well be a company driver
You’re making .57cpm lol😂that’s highway robbery
I make .60cpm as a company driver and have zero expenses
Get ready to be cheated. Night transportation
CR England
Swift. Are trucking companies that will screw you.
Go to Idaho! D&D out of Gooding or
Giltner inc out of Jerome. Are the best to go for.
Your forgetting to show taxes out of your Net pay. You owe uncle sam 20% of that $1660 5% to ssi, 3% to workmans comp ins, and whatever your local state income tax is. So you just did allll that work for less than $1k.
Ride that steed right onto the bankruptcy court steps… you’ll have plenty of company 😂
working for 70 hours at 9 bucks an hour after all expenses he will make 630$ per week..not very smart
Trash rates! Why does nobody do the breakdown before just excepting anything and everything. Yikes! You’ll leave sooner than later promise
Being in trucking since 2014, you are getting scammed with 1,77 a mile , our average is 2,28 that’s a big difference dude
1st week allreaddy changing numbers to make it look like he is make money.also who bends a 5th wheel.i have 2millon miles on my truck same 5th wheel.i think that truck is beat to shit.1 week allreaddy stuck in shop.WTF😂
Interesting video buddy 🤔 But it does seem like a lot of pay out dosh 💰 for little reward 🙄 See how it goes!! Take care 🏴
_dude you are getting robbed for your time, go and get your own truck and keep $4000 of that money for yourself leave the rest on the business side_
That is the plan. Waiting until next year for market to improve and interest rates to potentially drop.
You're not going to make it!!! Need to be at least $ 2 mi. Or better! Good luck . O/O 26+yrs.
Tell him the right way to do it then!!!
Old drivers always brag but never help. then they wonder what's wrong with the next generation of drivers
Whoever told you leasing was a good idea is an ignorant fool. You’re a company driver with all the headaches placed on you.
On the "L" train.Leasing and Losing. Their is no benefit to you as a driver. The mega carrier wrote the lease 😂
Why didn't you buy another Volvo?They are nicer than the Freight Shakers.
Owner operators lease to my company making no less than 3500$ a week , you are wasting your time
In 3months he be starvin.lots of short runs.my avg miles per load dry van is 1100.
Youre paying 1600 a month to lease a 60k truck? At a reasonable interest rate to BUY a truck of that cost it would be a fraction of that... for 4 years at 5 percent it's around 1400, For that new of a truck you could probably get a longer term than 4 years however... Seems you got bent over on that deal.
1800 a month for 3 years. I intend to get a bank loan after i test drive the vehicle. Unlikely to remain in the lease.
You won’t find 5% interest in this market, especially as a first time buyer. You’d be lucky to find 10%.
@@stretchingmileswithstretch7227 maybe not, but it’s a general baseline stat, fact is 1600 a month for a lease on a 60k truck is pretty rough, why not buy one outright for the same money then sell it in the end to get some reimbursement from the deal.
@@towtruckajbanks are super hesitant now. You'd be looking at 15-20% interest as a first time buyer, if approved at all.
Average hourly pay before taxes $14.70 (Based on 36 days on duty, divided by total net profit, divided by 11 hours worked per on duty shift)
You can make 2k a week as a Company driver and drive less miles
@@jarjoobinko i know of lots of companies i could go work for 2000 a week easily,home every night--he is working for 9 bucks an hour--after expenses he will have nothing year to year--one week means nothing,zero
Where at I'll put in an application
Reach out to me when you start having peoblems. I drove for them for 9 years, leased two trucks, i have LOTS AND LOTS OF information available if and when you need it. Luckily, i had the resources to just purchase my truck out right but LOTS AND LOTS AND LOTS of pay issues.
I feel like the lease program is predatory at best. Does knight have a owners program?
Yes its the same program really, minus the financing of the vehicle.
After taxes and I work nine hours a day local driver I make that in five days
Companies drivers make more with those miles. WTF 🤬
Get out of that lease before it’s too late
Let me know when you received the bill for the truck $ 450 a wk equal $1800 a month for a new one uh!!!!!
You got screwed after fuel insurance so forth and so on
Yore getting robbed get out of that company aaap
Man give Knight that truck back and go get a job driving a tanker as an owner operator.
got damn mannn not a single load over $2 a mile thats wild, listen notbing really should be under $3 a mile but of course it is thats tha economy buuuuuut damn...do you know your cost per mile to be able to be running those loads?
He's operating as a power only lease operator. He's not gonna make $3/mi pulling someone elses trailer. We would all be millionaires if it worked like that.
@@AMT4245 i mean theres plenty of companys that are power only paying way more, fucc bro landstar damn near 90 percent power only they aint pullin they own trailers. its mainly drop n hook freight...
@@412hwcyou only get 65% of the linehaul at landstar pulling vans, not 90%
@@KeithRowell-ix2qg thats company driver money man. did you pay off trucc and get tha title at least?
@@KeithRowell-ix2qg bro your retarded. ill send you pay stubs. shoot me a way to contact u. i was taking hone $2100-2900 almost weekly running otr flatbeed at hmd llc. in ten months i was able to live and still save 20k to use as my down payment...only reason u never seen that in all ya years is cuz u worked at fuccin knight! lol they got u guys out here fightin for litteral crumbs, all these mega carriers. anyways dont come for me like im lyin cuz i got 100 percent proof i will send u pay stubs
I made more as a company driver
Shocking numbers.....
Prior to deregulation, O/O's were getting over $1/mi..... 45 years ago!
That's what? $7 adjusted for inflation.... About....
Let that simmer a bit in your head.
When a new Trans Am was 6 grand and a house was 25.
Make sure you take out .25 cents a mile for the Stealership. They make a percentage off everyones truck as well. $227.00 an hour labor in Atlanta. You'll need their software
It amazes me that all of you lease operators who are trying to justify getting ripped off fail to include Fed/St tax, FICA and the fact that you pay 100% of your taxes where as an employee only pays 50%. So all of a sudden your 1600 profit turns into about 1000.
Wake up people!!
@@jarjoobinko keep on lying to yourself and it'll catch up with you. EVERYONE pays taxes you can't write off 100% anything and if your are you'll get caught. I think you been reading to many trucker stories. If you're spending so much money on expenses that it covers your taxes how are you eating?
This really puts things into perspective. I play american truck simulator with as realistic mods as possible and its almost spot on as to what your getting so thats awesome how close to irl it is
Glad you like it! I'll keepem coming!
Would you be willing to share your mod list with me?
That’s not a good income for an owner operator, I own my own truck and I take home after fuel around 13k a month.
A lot of short trips, but I wish you good luck
Don't use Zonar for your GPS.
I get 70% run 1800 mile got $3800
Buckeye to Albuquerque is an easy 4 buck a mile run WTH
As a 35yr trucking veteran, Your absolutely nuts to be leasing or buying a truck in this economy, u worked close to 70hrs and made $1600, Wait till your truck breaks down and the tow bill is $5k
You are absolutely right. This guy is day dreaming in colors 😂😂😂
Awesome. Just wondering - do you have an academic background?
Yes I have a degree in History. I was also a communication officer (Computer Geek) in the Marine Corps.
I’m fixing to get into Trucking in January with CFI for my CDL training. I’m single no kids no bills except for my cell phone and will live in my Truck to stack my money…..I’m excited to get out on my own and travel the USA with OTR and get paid doing it…..What’s your opinion on my situation? I’m the type of person who likes to be on my own and if I decide to get a girl I can bring her out either way me, so I’m not one of these that has to have home time every week or two weeks….anyway glad I found your channel 👍
This is exactly what I am currently doing. No Kids, house, or even a car. You can do very well for yourself in this situation. You are in a prime position to give it a shot. Just be aware the first few months of trucking will be brutal. Alot of stress and confusion. But if you can get through the first 3 months or so it gets very easy, relaxing and fulfilling. Give it a go
Come see me in ATL. I have a team run that pays well and Garunteed $1500.00 Minimum per week.
Don’t let all the naysayers wear you down. Stay focused on your own goals. 👍🏻👍🏻
Thank you, I will
There's a difference between staying focused and being a sucker
Dumb AF
--i bought my first truck in 1979--had my own company a year later(my wife and i) --these lease scams are all the same--night is trying to pass expenses off to the driver--these lease scams have been around for over 50 years== now retired i help a company out here in northern nevada,short hauls,home every night--they pay me 2000 a week whether i work or not--all lease purchase are scams,bottom of the barrel but ignorance is bliss
I wish he would stop calling that a truck. And the miles versus what you took home is laughable.
Welcome to the world of indentured servitude
If you don’t mind what was the purchase price of truck
60k
I never hit nothing in a couple years either, then just cruising in the darkness of a drop lot my trailer ripped off the radar sensor / grill of a company truck. Not turning, just cruising by straight in the dark. Woke that driver up out of a dead sleep 😂. We have the same model truck and honestly .40¢ - .45¢ cpm is average for me out west depending on weight.
As a lease operator, they don’t know, what they don’t know. Basically paying rent to drive somebody else’s truck, with a load of restrictions to honor the lease.
🤞
$1655 gross $655 net
Okay, $2000.00 for tires. That isn't too bad. I just dont like the other charges. Do they charge company drivers a deposit on the Quallcom? Do they charge company drivers for their property and buildings?
Dude, I'm a companey driver. I make quite a bit more on 3400 plus miles. You carry the risk, not enough reward.
A bit of advice for you. Stop your maintenance escrow. Don't give the company anymore of YOUR money they can keep if something goes wrong. You're a grown up, if you can't start your own maintenance account, you shouldn't be in business. Right now 5 cents a mile doesn't sound like much. But later on when you've got a couple of grand in there it's gonna sting when the company decides to keep if you leave.
So you bought yourself a job in the worst freight market since I started in 2008...Good luck with that, Really mean it driver. Good luck
Don’t forget you still need to
Deduct your federal and state income taxes (about 40%) plus an additional 15.6% self employment tax!
No it's nowhere near that much
I know because I wasn't independent for well over 30 years...
Self-employment tax is 15%
Federal and state combined is 15% if you have dependents, And it's even lower than that if you file jointly with your spouse.
And you end up getting a refund if you're paying a total of 30% when you file
Of course it all depends on what your net profit is for the entire year if you are under $75,000
And there's a good chance working for these fleece companies is that you're not going to net a $100,000 of profit
Dude I ran 2600 miles last week as a company driver and made $2500. Please for the love of god just run that thing until you get enough experience to leave and get the fuck away from them. I always knew they ripped y’all off but I had no idea it was that horrible…
What is the name of your company I want to put in an application
@@jay-l3f1j only have 3 trucks and all are full. Gotta have 3 years experience, knowledge of pre eld equipment and be willing to turn wrenches yourself when necessary. Oh and it’s multi stop LTL produce. I never said I didn’t work for it 😉
I don't understand how a company can justify charging you for their property and buildings?
I make. More than that as a company driver bud
Drivers always say they make more as a company driver, but fail to tell us what company & location
So you don't get to pick your own loads? So you're basically a company driver renting a truck and paying for everything.
Wow knight is really screwing the lease operators I own a company out of Illinois and the loads you ran pay 800-1000 more than what they paid you
shhh...don't tell him that,ignorance is bliss..
They charge you to use their maintenance facilities. Then they charge you to work on your truck. Holy crap.
Unbelievable that you are making less at SWIFT than I did 17 years ago when I leased my 1st truck 😢😢😂😂😢😢😢
Drivers always want to brag, but never help.
What should he do? who should he work for?
Im not bragging im stating facts jackass...@@jpw7598
When drove for knight I hated that Flying J in Albuquerque,it reminds me of the Flying J in Weed california,it’s a Rat 🐀 race there.
Everyone’s gotta start somewhere. Once you got your numbers down over the next few months, just go buy a truck for 60,000/70,000 and lease on Mercer or Landstar. Kights ripping you off.
Guess if your desperate to own a new truck you don’t mine giving them most of your pay check makes no sense to me good luck hope it works out for you
I TAKE HOME $1600 per week for driving 2820 miles every week from Dallas, TX to Fontana, CA and back. Run far away from that lease bro wtf 😂
Nice video and safe travels. I drove OTR for 6 years then decided to drive a garbage truck. I make 80k and sleep in my own bed every night. Truckers deserve triple what they make for all the bull shit between hazards stupid company politics and the devil DOT. If you want a quality life stay away from trucking if you need a place to start this is an option. Never do a lease! I hope you all strike one day and demand what you really deserve
$6000 gross as a REAL o/o will bring you $4000 after everything. And I hardly EVER run over 2500 miles lmao
Drivers always talk about what they made, but never talk about how they made it and the company. They save that extra info for their family & friends to get hired.
Maybe you have a comprehension problem??? O/O as in OWNER Operator doesn't get hired onto a company lol...
@@jpw7598
Knight must figure the longer the trip the easier it gets. That way they can pay you less.
If the numbers on the thumbnail are what you made after all other expenses for the week then that means you made as much as I did and I don't lease my truck. Because of that I also have no legal obligation which means I could leave this job and go somewhere else and not owe anybody anything nor pay any money back to whatever company I'm working with. As of right now doing anything especially leasing or even owning is currently not really worth it. Between Brokers trying to cheap out on freight to the best of their ability as well as the fluctuating fuel prices which depending on how the next election goes may only get worse, there is no point even trying. Most people will just end up in the red and those that don't will not be making very much.
I'm not saying it's the worst idea though I do have a thing about giving Knight Transportation any money but as of right now with the current economic situation with a possible market crash coming in the next couple years I don't feel like that's a good idea.
I really do hope you stay afloat because now you are legally responsible for everything but just keep an eye on the market as everything goes on.
I hope all goes well and I hope you end up proving me wrong.
Also, was that $1900 with all eight tires?
Yes. All drive tires including labor.
@@truckingthesevenseas that’s nice
All it come down to. is you pay your own social security .you pay your own taxes at the end of year.when its all sais and done if you 50000 for all those miles.count your blessings..if you run 13000 a month. X going rate of a driver is.65 cent a mile.come out to 13000x.65=8450 a month .12months x 8450.=101400 a year.pluse you have to pay your own social security. Since your a own operator. As a company drive they pay half and the company driver pays half.you getting total rip off
Omg you’re going to regret your decision!!! I take home 13k a month and I own my truck, these numbers you are earning is absolutely frightening!!! Also that’s some cheap freight 😬
Awesome, I'm looking forward to this! I'm just almost finishing CDL school and talked with Knight transportation to go into a flatbed, and thought about maybe in the future doing a lease purchase, these series would be very helpful!
Glad you liked it! I'll keep them coming.
Looking forward to what??? Getting effed in the ass!! You people just dont listen! You will lose your ass in these types of programs jesus people
don't do a lease trust me
Just remember when you sign that lease and you give it back theycancom after you for the rest of the contract. Just like a car lease go work for somebody for a few years then go buy your own .only fools rush in.
The dedicated flatbed account I’m on the average company driver is making 100k with benefits home on weekends and can get home during the week . Keep your record clean don’t hit things don’t speed and tailgate show up on time don’t cause problems with customers and communicate effectively with dispatch . You will developed a good reputation. That will allow you to network into a high paying position . It could take a couple years but the jobs are out there . And fully fund your 401k before you run off and buy a new car , your spending a week or more in a truck and your going to leave your car parked in some random lot a 3000 dollar grandma Corolla is fine you might put 5000 miles a year on it . Also otr you can probably ditch having an apartment and bank that money as well . We have a local driver that rides a Walmart bicycle to work and leaves it I. His trucks parking spot makes 100k a year and rides a 100 dollar bike to work . I prefer my brompton it folds up nice and fits right in front of a freightliner passenger seat .
U should of just been company driver for small company thts horrible good luck
You can make better money as a copany driver.your only going to take $500-800 a week then u have to take taxes out of that.quit before your broke.if u think this is a good deal your nuts
Lmbo give it back 1660 you need to make grand a day and I know company drivers that make more then that. Take 30% taxes health-care road expenses and repairs you midas well go work at a gas station sorry get out of that truck
drove for aa lot of years i remember calling dispatch and telling them fuel was 1.50 a gallon and they told me get 50 and head south i was in new england your fuel costs are more than i grossed i know you cant imagine a fuel war where all the stations lowered the price 10 gallons to fill my vw was 2.50 25 cents a gallon how much of todays fuel is tax theyll never lower the tax its only going up tractors keep getting nicer but its the same grind as before get loaded and hit the road drop is 60 bucks that sucks tried to get as much drop and hook as i could some places you were there allday getting loaded there needs to be some sort of pay dealing with down time at these venndors.keep up the channel it lets everyone know what its like driving its so much more than driving
Congratulations
@@Tony-lm5zs only people making less on a lease is people who don't understand how money work.
If your trying to make that kind of money net . Come to J.B HUNT up in the northeast DCS .
Wait till u wait for a load in fontana ca all weekend to get a phonix load and back just to sit again.700 miles for the week.just wait till u have a repair u wont have a check at all.its a joke.
They should be put out of business how they just did you u drove over 3000 miles and made crumbs
Fxxx that and those rates what a joke I make more as a driver. Then as an owner op you take 4 days off and your month is screwed. No thanks.