This is why most owner operators fail because the trucking business is only profitable if you have a fleet of trucks, and your profit margin will be higher as well. This is how companies are able to stay afloat.
if you own a truck outright, then it would be worth it, but with all the hours u have to put in to do all this, it's not worth it. down time for the truck with maintenance, scheduling loads, and all the other time ur spending managing all of this, it's not worth it.
If you running a truck should be making 5000 or better a week. If you not Making that as a owner app its pointless. Might as well be accompany driver hourly almost all of them are paying 28 to $30 an hour full benefits and 401k. An your home every night. Oh you're going to get a good night's sleep because you going to be touching a lot of that freight.
For those us who have been driving for a company we’ve been paying off someone else’s Truck so At least she’s doing it for herself and not a company 🤷🏽♀️ if she had other options I’m sure she would’ve did something else 🤷🏽♀️ get your money mama 🤟🏾
Good video thanks for sharing I do have one question the $59,000 spent on fuel couldn't, you have used a credit card that gives you some kind of reward instead of having it taken out your settlement each week with the added benefit that you can pay for your fuel once a month?
Great info and more power to you. However these figures are for team driving right ? And you could make easily $65K by not being an O/O and not having expenses in my opinion..To make $70K a year , why go thru such hassle, might as well work as a company driver ?
@@AFMASTERING in my opinion, very low profit regardless, after putting too much time OTR and living in the truck. I worked for Schneider for a short period n quit. Pay is very low . Good for her and she had courage to take action n become an O:O.
@@ajdasa6169 I’m dedicated with them and I make 1100 home weekends and sometimes thru the week, I think they just have to find a lane, but I would make changes in the fuel area
Great content! Thinking of leasing from SFI just not quite sure who to lease on with.(most likely Schneider/Landstar). I see the potential. Once that truck payment is gone, 90k+. Patience is key. New truck+ warranty +low maintenance = $winning$. Company driver is the hare in this race. Be safe driver
I thought when working with SFi they are in partnership with Schneider and you’re forced to worked with Schneider is that not the case are they a separate company ?
LOVE your voice. Its so nice to hear a trucker who is polite, intelligent and every other word isn't a curse word for a change! Which means you won't stay a trucker for long lol. Appreciate the video though ... cheers 😃
How much did you pay for your health care plan; how much for income tax, how much was your net, net income after these deductions? Please advise. Regards, Joseph.
So basically you made 1250 to 1300 a week in your pocket pre tax.... That's company driver money.... But the bright side is you'll have a truck paid for in 4 yrs... No money down...??? So basically in 4yrs you paid 200k for a truck.... So that's an APR of 17% +/-.... It's a good program for people with bad credit and no cash... It's worth it for some but not for all... Great Video though
Wow!! What a fantastic presentation. Very professional and you speak like an english prof.! So much good info here. Im thinking about Schneider Leasing...but 2K$ per week is just not good money sense to me. For example....How did you take off 6 weeks and still pay your weekly truck payments? I would really like to drop those EXPENSES to around 30% of income instead of the 60% figure you showed. The other thing, is you still have to pay 33% avg INCOME TAX on your final income. So it seems your net would have been even lower. But that's fine. NOt trying to shoot it down. Its just, those numbrers would not work for me. I need Mo money! But what your data shows so nicely is the incredible breakdown of costs and income. So for that, I say THANKS! Im so tired of watching all the "hommies and Bro's" just sit there and look at the camera the entire time and tell me NOTHING...just repeat the same crap over and over....So thanks again for concise and real details.
This is a very thorough video.... We are thinking about flipping over from company driver to a lease....rather than reinventing this spreadsheet....do you have a template that your willing to share
I make more as a team driver with FedEx Ground working for a contractor. I have thought about getting my own truck, but it seems like I am doing better and no stress for having my own truck.
Seems like a lot of time away from home to just make -70,000, when you own the truck outright you will definitely be smiling though. Is it a brand new truck? I was thinking of just purchasing a 2015 freightliner or kenworth for around 40,000 to avoid that huge lease payment. Any drawbacks to that idea? I don't even have my cdl yet though lmao so what do I know.
Definitely true. That's why it's important to assess numbers and make improvements. Yes I bought it new, well only 40,000 miles on it. She's still running with us, over 350k miles now and no major issues
That’s why I think it’s better to buy an older truck and pay cash. I’m planning on buying a 2007 or older FL with a Detroit series 60 12.7. Can get one for $15k and probably have to spend another $25k to get it on the road. Maintenance would be about $25k a year.
To each their own, if it works for you be happy in doing it . I'm glad you told the truth in your video that's something we truckers don't get a lot of,now we have a little more knowledge about leasing, thanks.
This is probably one of the best videos I ever saw on trucking. If you want to be a owner operator you must watch it. I would suggest add some additional info, like how many miles you drove in the year, how many dead head miles and how many loaded miles...etc...
I think I may have this incorrect but are you paying over $1700 a week for the truck payment? Because I ask Dube to the $23,000 in truck payment for the quarter. Thats 13 weeks. 23k/13wks=1769$
Leasing is a scam to get you to buy the mega carrier a new truck for them. Try watching Blue Ribbon Logistics channel. They tell you how to save money on expenses. Buy your own truck and not a new one. 👍
So with all of Schneider owner operators pay for their own gas. No reimbursement? My friend and I are thinking of teaming and she owns her truck straight out since before we started CDL school?
Thank you so much for sharing these details , what an amazing woman. i CHECKED for hours with no youtuber having these details organized but here you have everything in one , Thank you so much once again. Please do another video for 2022 , this is great for real , wow!
My best advice for any cdl drivers out there learn the trucking business and own your truck. You can go through lease purchase and save money and buy one is up to you!
I hear on RUclips many truckers saying that if you lease, the company will have the trucker driving all over with heavy loads thru mountains and "dogging" the truck with many miles. Once the lease is up you have a truck with loads of miles and not worth much. Do you find this to be accurate? The $46K is certainly not what may post on RUclips. Everyone always saying they make 100K... thanks for the transparency. Just wondering how do you or IF you can make the $100K+
Currently Schneider company driver (flatbed). I’ve already made $69,436 this year as of Nov10th. I’m considering leasing on with Schneider. Seeing this, I guess the only difference will be the freedom to have the truck to go where I please and as well as working towards owning it outright. Thanks for sharing.
Yes , I finished Schneider orientation month ago in AZ. Good place to start and shortest training time. Only three weeks and last week OTR with a training engineer.Beginning pay is 35c pm .. Free training with hotel and transportation etc. Coolest thing is only one person in a hotel room due to COVID no room mates ..Go thru few tests including physical and hair / urine test. If u smoke dope ,don’t go for at least six months 😀 All the best to u !!
Im a company local driver in nj. I drive same times 30 miles a day others times 130. 5 days. $26.53 hourly plus ot after 8 hours. And i gross 2019 $63,000. 4 weeks vacation 13 holidays 5 sick days 2 personal days. Teamsters union Pension of $2,750 after 25 years. Full benefits. I start working at 7:00 am to 3:30 one hour lunch. I don’t want a truck.
Holy crap $161,000 over 3 years and still $50-75K balloon payment after 3 years. That's over $210-235K for a used Cascadia. Man this industry is ripping people off.
I think I did the math right. When you were solo, your average take-home pay was like $1,200-$1,300 right? So $900 some weeks, $1,600 other weeks, etc?
I am considering leasing threw sfi but on a brand new truck the lease is 1100 a month with a residual pay after 3 years is that something of how your lease went and can it be done on your opinion?
Your presentation is very good and concise. In this scenario it is obvious that your largest expenses are FUEL and TRUCK PAYMENT. And, REPAIRS AND MAINTENANCE in this scenario seem remarkably low. Question 1: When the TRUCK PAYMENT goes away over time, how much will the REPAIRS AND MAINTENANCE increase due to truck age and wear & tear? Did you have an estimate for increased REPAIRS AND MAINTENANCE, and if you do, what is that number? FUEL expenses are really killing you here: over 28%. I would have anticipated a range of 18% (minimum) to 23% (maximum) for fuel charges given an average price per gallon of diesel fuel in 2020. I am not sure that I agree with you that there is money to be made as an owner operator in today's trucking world. Yes, you can make money (i.e., 67,748.32), but it seems as if you are losing somewhere between 13K to 24K. Is this because you are only pulling VAN, or are you pulling REFER, Flat Bed or Heavy Load?
So your paying 68k a year, for 3 years and then have a residual due of 50-70k after it’s done? Wouldn’t it be more fiscally responsible to buy a brand new truck for 140-160k, make double payments and still lease on with them??
If you have that option I would say yes, but not everyone has the option to buy a $150,000 tractor. If that was an option for everyone no one would lease
Lmao bless your heart if you believe $67k a year is good to live on the road. But that’s before your personal taxes. So you made about $50k. That’s shit money.
Well, 67+ k incomes for 2019 is not too bad. The point is that the truck payment is very very expensive ! After 3 years this truck will cost her more than 206k. Ouch ! By the way, it would be interesting to know the average fuel cost per gl for 2019 and for these 3 quarters.
This is ridiculous! lol you would have to be a fool to give them 60k plus a year and then quit! Just money wasted. The funniest, saddest thing I’ve seen all day
@@MarcP5267 After the truck is paid off it will need repairs. Plus we just got a FAT raise. I’m @ 104+K as a W2 with health benefits and 4 weeks vacation. Stay tuned.... posting paystubs:))
@@thewhiteknight9010 yea but after truck is paid off she can have a maintenance fund. With truck paid off and maintenance fund income will be about $110k. It’s not about the money per se. it’s about pride about having your name on the side of your truck. Being your own boss.
@@MarcP5267 I’ll take the money. I don’t need my name on the door. Plus I am my own boss. I do what I want. What company would complain about me. I run and I can’t remember the last time dispatch called me. To each is own tho.
This was first year, as any business owner, I learned how to cut costs, increase productivity and increase revenue so by year 2 it's closer to $50k after taxes. Also, after two years I. The industry you no longer need to lease a truck, so for higher yearly net, it's simple to give back the lease truck (with no cost to you) and finance a truck on a monthly payment OR refi the lease truck.
The WhiteKnight - She has A LOT of tax write offs which will put a lot of money back in her pocket after doing her income taxes. I'm also guessing that she works much less than you do. If you are making $93k doing van OTR you are either never home, train students, have worked at your company for many, many years so are at the very top pay rate or all of the above. The only other possibility is you have found a needle in a haystack job.
What's $67,000+ $68,000? Taking home $67,000 and putting $68,000 towards the cost of the truck is what I made and is an investment. Considering in a few years having a paid off truck that $68,000 would be going to my pocket (well minus additional repairs for an older truck) but you see what I mean?
@@investorladyg Good on you ..as a team driver, you should have made way more money though.., You didn’t put down payment, but look at your expenses? At the end , Shneider is the winner. .. However kudos to u , for taking risk and being a business woman .. All the best !
@@Clearlyque yup.. better number with no overhead.. u could make same or more money being local .. I ll be joining JBH intermodal in LA next week local and will make $65k without any deductions or payments. ..
Plus coming home every day and weekends off. Much better than going OTR and making less? Only the title looks nice , owner operator. But killing urself driving all over n living in the truck. No offense but that’s me.
Your expenses to profit ratio is way out of wack. If you're spending almost 70% of what you're making, that's a failure 😂😂
This is why most owner operators fail because the trucking business is only profitable if you have a fleet of trucks, and your profit margin will be higher as well. This is how companies are able to stay afloat.
Where you been are you still OTR still at Schneider or what I'm coming there in Sept 2022
After personal tax.you had. Hi Ken feed left
if you own a truck outright, then it would be worth it, but with all the hours u have to put in to do all this, it's not worth it. down time for the truck with maintenance, scheduling loads, and all the other time ur spending managing all of this, it's not worth it.
Thanks so much!
If you running a truck should be making 5000 or better a week. If you not Making that as a owner app its pointless. Might as well be accompany driver hourly almost all of them are paying 28 to $30 an hour full benefits and 401k. An your home every night. Oh you're going to get a good night's sleep because you going to be touching a lot of that freight.
Was this made solo or team?
For those us who have been driving for a company we’ve been paying off someone else’s Truck so At least she’s doing it for herself and not a company 🤷🏽♀️ if she had other options I’m sure she would’ve did something else 🤷🏽♀️ get your money mama 🤟🏾
Well said, im driving my ass off for someone else, but lately asking myself what about me. Looking to switch soon.
@@aquafishsoup Same.
People are so negative if it works for her what anybody else thinks doesn’t matter
Man I'm in the wrong g business - I need to be financing lease trucks...
$65k in truck payments 👀
Good video thanks for sharing I do have one question the $59,000 spent on fuel couldn't, you have used a credit card that gives you some kind of reward instead of having it taken out your settlement each week with the added benefit that you can pay for your fuel once a month?
Good point save it for raining day
Balloon payment at the end of 3 years seems brutal.
It is! Next time find a company that doesn’t have a ballon payment.
Did she mention what the Amount was??????????
Great info and more power to you. However these figures are for team driving right ? And you could make easily $65K by not being an O/O and not having expenses in my opinion..To make $70K a year , why go thru such hassle, might as well work as a company driver ?
She said the 1st 3 quarters are solo and the 4th was team
@@AFMASTERING in my opinion, very low profit regardless, after putting too much time OTR and living in the truck. I worked for Schneider for a short period n quit. Pay is very low . Good for her and she had courage to take action n become an O:O.
@@ajdasa6169 I’m dedicated with them and I make 1100 home weekends and sometimes thru the week, I think they just have to find a lane, but I would make changes in the fuel area
@@ajdasa6169 I’m based in Atlanta an I may just purchase a day cab 🤷🏿♂️
@@AFMASTERING good on u. Weekends off and making that much.,, not bad at all. ..
With $68k you could've just flat out bought a nice used truck. Instead, you have to pay $68k again next year too...and the following year..
Great content! Thinking of leasing from SFI just not quite sure who to lease on with.(most likely Schneider/Landstar). I see the potential. Once that truck payment is gone, 90k+. Patience is key. New truck+ warranty +low maintenance = $winning$. Company driver is the hare in this race. Be safe driver
I thought when working with SFi they are in partnership with Schneider and you’re forced to worked with Schneider is that not the case are they a separate company ?
@@kingsleysarfo. When leasing you can pay money to transfer the truck to another company while still running under sfi
LOVE your voice. Its so nice to hear a trucker who is polite, intelligent and every other word isn't a curse word for a change! Which means you won't stay a trucker for long lol. Appreciate the video though ... cheers 😃
How much did you pay for your health care plan; how much for income tax, how much was your net, net income after these deductions? Please advise. Regards, Joseph.
$68k is no money for owner operator. I do t understand why you would be proud of that
So basically you made 1250 to 1300 a week in your pocket pre tax.... That's company driver money.... But the bright side is you'll have a truck paid for in 4 yrs... No money down...??? So basically in 4yrs you paid 200k for a truck.... So that's an APR of 17% +/-.... It's a good program for people with bad credit and no cash... It's worth it for some but not for all... Great Video though
Wow!! What a fantastic presentation. Very professional and you speak like an english prof.! So much good info here. Im thinking about Schneider Leasing...but 2K$ per week is just not good money sense to me. For example....How did you take off 6 weeks and still pay your weekly truck payments? I would really like to drop those EXPENSES to around 30% of income instead of the 60% figure you showed. The other thing, is you still have to pay 33% avg INCOME TAX on your final income. So it seems your net would have been even lower. But that's fine. NOt trying to shoot it down. Its just, those numbrers would not work for me. I need Mo money! But what your data shows so nicely is the incredible breakdown of costs and income. So for that, I say THANKS! Im so tired of watching all the "hommies and Bro's" just sit there and look at the camera the entire time and tell me NOTHING...just repeat the same crap over and over....So thanks again for concise and real details.
wait and u still had to pay tax on the 46k so u made about 30k in all something is not right u made all that money and only seen over 30k
67,000? That can be made as a company driver. I’m still trying to figure out whether I want to make the jump or not.
What I was thinking. I make 70k a year gross and home everyday
Thats my same situación I’m a company driver Monday to Friday every day in home plus insurance I don’t make the jump because I don’t see is good idea
Great video 👍glad I came across this video because I’m definitely moving towards Schneider lease as an owner operator
Way to go sis!! You can do it. I'm here to help if you need anything
Never lease a truck from the same company you depend on for your revenue. Ever.
@@robertpolkamp please explain why. Thanks.
@@pyewacket7883 Because at the end of the day Schneider is running a business so best loads go to the company first and Owner Operator get the rest.
4:18 I literally make more solo as a company driver net with paid home time. Why are you acting like 67k a year is a flex?
This is a very thorough video.... We are thinking about flipping over from company driver to a lease....rather than reinventing this spreadsheet....do you have a template that your willing to share
I'm happy to share, what exactly are you looking for? Email me unitedgq@gmail.com
I make more as a team driver with FedEx Ground working for a contractor. I have thought about getting my own truck, but it seems like I am doing better and no stress for having my own truck.
Seems like a lot of time away from home to just make -70,000, when you own the truck outright you will definitely be smiling though. Is it a brand new truck? I was thinking of just purchasing a 2015 freightliner or kenworth for around 40,000 to avoid that huge lease payment. Any drawbacks to that idea? I don't even have my cdl yet though lmao so what do I know.
Definitely true. That's why it's important to assess numbers and make improvements. Yes I bought it new, well only 40,000 miles on it. She's still running with us, over 350k miles now and no major issues
That’s why I think it’s better to buy an older truck and pay cash. I’m planning on buying a 2007 or older FL with a Detroit series 60 12.7. Can get one for $15k and probably have to spend another $25k to get it on the road.
Maintenance would be about $25k a year.
@@MarcP5267
Well 2007,every open scale house,inspection if you lucky maintnace will by 50k.
I am being very honest when I say this, you truly make the best all around videos I’ve seen. Truly.
To each their own, if it works for you be happy in doing it . I'm glad you told the truth in your video that's something we truckers don't get a lot of,now we have a little more knowledge about leasing, thanks.
This is probably one of the best videos I ever saw on trucking. If you want to be a owner operator you must watch it. I would suggest add some additional info, like how many miles you drove in the year, how many dead head miles and how many loaded miles...etc...
I think I may have this incorrect but are you paying over $1700 a week for the truck payment? Because I ask Dube to the $23,000 in truck payment for the quarter. Thats 13 weeks. 23k/13wks=1769$
Going to wait and finance through a bank,. A leased purchase truck is too expensive!
Smart man. Number’s done lie.
Holy shit 145,000 you better be driving a Peterbilt 389.
Once you pay your truck off you gone be in there
I was thinking of going o/o. After watching this I don't make must less then you without all the deductions.
Leasing is a scam to get you to buy the mega carrier a new truck for them. Try watching Blue Ribbon Logistics channel. They tell you how to save money on expenses. Buy your own truck and not a new one. 👍
So with all of Schneider owner operators pay for their own gas. No reimbursement?
My friend and I are thinking of teaming and she owns her truck straight out since before we started CDL school?
Thank you so much for sharing these details , what an amazing woman. i CHECKED for hours with no youtuber having these details organized but here you have everything in one , Thank you so much once again. Please do another video for 2022 , this is great for real , wow!
My best advice for any cdl drivers out there learn the trucking business and own your truck. You can go through lease purchase and save money and buy one is up to you!
I make 60k a year driving local home every night and off on the weekends. You should be able to net more then that driving team.
So you're in it for the title?? An O/O?
I appreciate you sharing that information. It’s like a blue print to whoever wants to take it! Best wishes and blessings!
I hear on RUclips many truckers saying that if you lease, the company will have the trucker driving all over with heavy loads thru mountains and "dogging" the truck with many miles. Once the lease is up you have a truck with loads of miles and not worth much. Do you find this to be accurate?
The $46K is certainly not what may post on RUclips. Everyone always saying they make 100K... thanks for the transparency. Just wondering how do you or IF you can make the $100K+
@Harry O! At the end of the day Schneider is running a business so best loads go to the company first and Owner Operator get the rest.
Leasing a truck is so stupid your leaving so much money on the table when you lease a truck you could be making 6 figures if you had your own truck
True but how should a person that can only afford a small down-payment and weekly fees pay 40k-100k+ at once?
Currently Schneider company driver (flatbed). I’ve already made $69,436 this year as of Nov10th. I’m considering leasing on with Schneider. Seeing this, I guess the only difference will be the freedom to have the truck to go where I please and as well as working towards owning it outright. Thanks for sharing.
OMG, That truck payment is insane
I have a few questions I'm thinking of leasing a truck with SFI to run on Schneider but my husband will run the truck
Hi is schnieder a good company to start with in regional or would it be otr
Yes , I finished Schneider orientation month ago in AZ. Good place to start and shortest training time. Only three weeks and last week OTR with a training engineer.Beginning pay is 35c pm .. Free training with hotel and transportation etc. Coolest thing is only one person in a hotel room due to COVID no room mates ..Go thru few tests including physical and hair / urine test. If u smoke dope ,don’t go for at least six months 😀 All the best to u !!
Forgot to mention, paid training ..
Good video, I'm really thinking of the SFI lease program....
Im a company local driver in nj. I drive same times 30 miles a day others times 130. 5 days. $26.53 hourly plus ot after 8 hours. And i gross 2019 $63,000. 4 weeks vacation 13 holidays 5 sick days 2 personal days. Teamsters union Pension of $2,750 after 25 years. Full benefits. I start working at 7:00 am to 3:30 one hour lunch. I don’t want a truck.
What happens if I decide to quit on the lease all together because I need a 6 month break after driving 6 months strait??? Will I be penalized?
Yes
Good clips.... Thank you.
Are you solo or a team truck
Very good video very professional stay safe!!!
Thank you so much for your videos! Very straightforward and to the point...and inspirational!
2:15 wait if we're going by quarters then why is it 4 months and not 3 in confused
How do you manage your trucking accounting and manage your personal paycheck?
The best ic schiender video
Appreciate ya!
Are you leasing your truck to Schneider?
How many miles did you drive
Holy crap $161,000 over 3 years and still $50-75K balloon payment after 3 years. That's over $210-235K for a used Cascadia. Man this industry is ripping people off.
There are companies that don’t do balloon payments.
Like who
Do you own the truck now?
Don’t forget Federal and State and Local Taxes.
Sorry , you are not owner operator, they make you believe that because you pay the truck twice.
Thats true
Nice. How many miles total Driven. ?
Great video thank you 🙏
I made 70k as a local company driver last year. Work 5-6 days a week. And I’m still broke.
Tf is ur point?
Thanks for sharing 👍
Appreciate the transparency....
Eternal..
I gonna start soon as a recent grad how soon should I look at lease purchasing
Thanks
I think I did the math right. When you were solo, your average take-home pay was like $1,200-$1,300 right? So $900 some weeks, $1,600 other weeks, etc?
Thanks.
So not worth it 😂😂🤦🏽♂️
What company you haul for?
I make 70,000 daily driver m to f. 10 hours daily
A year
@@gst4043 in what state and company?
@@Pinil676 tennessee
Ryder
In Alabama also delivering food.home daily..
After the 3 years you own the truck .. do you have to use there loadboard can are you allowed to use otherloadboards while being leased on with them?
She wont own that truck in three years, she will still owe 60k or so on it.
You go to dealers it's going be same for new truck
So, you only made $47,000 for the year. But, you're on your way to owning your own truck. Ok
I am considering leasing threw sfi but on a brand new truck the lease is 1100 a month with a residual pay after 3 years is that something of how your lease went and can it be done on your opinion?
1100 a month or week?
$1100/month ???? Hummmm, if you find a place where you can lease a brand new truck for 3 years at this monthly cost, please let me know.
@@jodiholbrook3229 I think he had to mean a week
@@improject007 i think so... however $1100/month for a brand new truck is just impossible.
Your presentation is very good and concise. In this scenario it is obvious that your largest expenses are FUEL and TRUCK PAYMENT. And, REPAIRS AND MAINTENANCE in this scenario seem remarkably low. Question 1: When the TRUCK PAYMENT goes away over time, how much will the REPAIRS AND MAINTENANCE increase due to truck age and wear & tear? Did you have an estimate for increased REPAIRS AND MAINTENANCE, and if you do, what is that number? FUEL expenses are really killing you here: over 28%. I would have anticipated a range of 18% (minimum) to 23% (maximum) for fuel charges given an average price per gallon of diesel fuel in 2020. I am not sure that I agree with you that there is money to be made as an owner operator in today's trucking world. Yes, you can make money (i.e., 67,748.32), but it seems as if you are losing somewhere between 13K to 24K. Is this because you are only pulling VAN, or are you pulling REFER, Flat Bed or Heavy Load?
Great questions... I hope gabby responds. What are you hauling.
So your paying 68k a year, for 3 years and then have a residual due of 50-70k after it’s done?
Wouldn’t it be more fiscally responsible to buy a brand new truck for 140-160k, make double payments and still lease on with them??
If you have that option I would say yes, but not everyone has the option to buy a $150,000 tractor. If that was an option for everyone no one would lease
Yeah, with a lease you end up buying TWO trucks but only get ONE!!!!
Lmao bless your heart if you believe $67k a year is good to live on the road. But that’s before your personal taxes. So you made about $50k. That’s shit money.
As a first year owner operator that wasn't bad for me, especially considering such a large chunk ($68k) going to the truck 😁
If she actually sticks with it and does the buy out on the truck it will be worth it. She says she took some time off too, so it might not be so bad
Well, 67+ k incomes for 2019 is not too bad. The point is that the truck payment is very very expensive ! After 3 years this truck will cost her more than 206k. Ouch !
By the way, it would be interesting to know the average fuel cost per gl for 2019 and for these 3 quarters.
This is ridiculous! lol you would have to be a fool to give them 60k plus a year and then quit! Just money wasted. The funniest, saddest thing I’ve seen all day
Damn he's lucky
67K for the year. That’s not including tax. It’s not worth it. I blow that away as a company OTR driver.
Yea but after the truck is paid off...
@@MarcP5267
After the truck is paid off it will need repairs. Plus we just got a FAT raise. I’m @ 104+K as a W2 with health benefits and 4 weeks vacation. Stay tuned.... posting paystubs:))
@@thewhiteknight9010 yea but after truck is paid off she can have a maintenance fund. With truck paid off and maintenance fund income will be about $110k.
It’s not about the money per se. it’s about pride about having your name on the side of your truck. Being your own boss.
@@MarcP5267
I’ll take the money. I don’t need my name on the door. Plus I am my own boss. I do what I want. What company would complain about me. I run and I can’t remember the last time dispatch called me. To each is own tho.
I've been kicking around the idea of leasing a truck and this video is absolute proof it is 100% not worth the risk you assume.
You make 20K after tax each quarter. It’s not bad but company guys doing OTR can do the same.
I do 93K as a company OTR Company Driver with benefits.
The difference is you make the money on your own terms. No dispatcher trying to tell you what , where , and when.
This was first year, as any business owner, I learned how to cut costs, increase productivity and increase revenue so by year 2 it's closer to $50k after taxes. Also, after two years I. The industry you no longer need to lease a truck, so for higher yearly net, it's simple to give back the lease truck (with no cost to you) and finance a truck on a monthly payment OR refi the lease truck.
The WhiteKnight - She has A LOT of tax write offs which will put a lot of money back in her pocket after doing her income taxes. I'm also guessing that she works much less than you do. If you are making $93k doing van OTR you are either never home, train students, have worked at your company for many, many years so are at the very top pay rate or all of the above. The only other possibility is you have found a needle in a haystack job.
@@jdm1039
Actually we just got a big fat raise so 93K is now 104K! I’m going to post my last 5/6 paystubs tomorrow.
@@thewhiteknight9010 Read my post again. Never said that you didn't make that.
So you netted $67k? You made 10k more than me and I had no risk or expenses at all being a company driver.
What's $67,000+ $68,000? Taking home $67,000 and putting $68,000 towards the cost of the truck is what I made and is an investment. Considering in a few years having a paid off truck that $68,000 would be going to my pocket (well minus additional repairs for an older truck) but you see what I mean?
@@investorladyg Good on you ..as a team driver, you should have made way more money though.., You didn’t put down payment, but look at your expenses? At the end , Shneider is the winner. .. However kudos to u , for taking risk and being a business woman .. All the best !
@@ajdasa6169 these were my solo numbers before i went team
@@Clearlyque yup.. better number with no overhead.. u could make same or more money being local .. I ll be joining JBH intermodal in LA next week local and will make $65k without any deductions or payments. ..
Plus coming home every day and weekends off. Much better than going OTR and making less? Only the title looks nice , owner operator. But killing urself driving all over n living in the truck. No offense but that’s me.
Did I miss the part about health, dental, and vision insurance?
That's probably another expense that will reduce the take home pay!!
Another maybe 1k-1.5k