Lease Purchase Good or Bad 🤔Schneider | SFI Truck
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- Опубликовано: 16 мар 2024
- Here I explain how much revenue I made for the year as a lease purchase driver..
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Email : truckingwithjl@outlook.com
Driver code 1106731
José Avila
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Music from ( ARTLIST )
1.Steven Beddall - Haymaker
You did pretty well on your lease numbers and pretty much made the same amount as a company driver
You may want to consider taking loads out from Florida to cover the expenses of moving the truck out of that area
You are a contractor and have an asset to manage. It costs money to move that truck and CHEAP FREIGHT pays for fuel and maintenance costs to move that truck
Any time you DEAD HEAD that truck, you go into the negative
I call it a double negative
You not only aren’t making money empty by not hauling freight but you have to pay the fuel and rack up miles which cost you over a Dollar a mile
Your top priority should be to reduce costs at all costs meaning that you should absolutely not roll that truck down the road for free (no freight in the box DOUBLE NEGATIVE)
Take the cheap loads to pay for fuel and watch how much more money you gain at the end of next year
There are 2 things a company owner should never do
1 refuse to haul a load that can pay for fuel and expenses to relocate you (dead head)
2 sit and wait for a better price load
Time is your most important item out there and when you sit or move the truck for free you are making a poor business decision
Thanks for your recommendation I’ll will keep that in mind and try not to move empty. Thanks for watching the videos and commenting!! Be safe out there 👋
We appreciate you being transparent with your journey. Thanks for sharing your numbers times are rough right now!! Be safe God bless…
Thank you, I will
Thanks for the information. Be safe driver.
You bet
Great information and like the shirt.
Thanks!
It’s not bad, $75,000 net in your pocket.
You’re forgetting you paid truck payments and fuel, that’s not lost money or Zero. That’s you paying into your future.
Who else do you know that can pay $4,000+ a month for a truck payment? Or $5,000 in fuel?
There’s another $100,000 you spent in the year.
When you complete the program, you’ll have a truck and it’ll get you up to $100,000+ net a year.
That is true 👍 I hear you that is the goal. To pay it off completely and hit those high numbers but it’s still the reality of having to pay it off while working for an income with a SFI truck or lease it is weekly payments and if anything was to go wrong everything will go down the drain. But always staying positive hopefully 🙏🏻 it will turn out to be a good outcome Thanks for the comment and stay safe out there !!
@@truckingwithjl7826 may the 4 wheelers stay out of our way brother haha.
The good news, if you’re running your business for a few years you can go finance a truck at a dealer. I’ve seen 300,000 mile internationals going for $30-$45,000. Get a CPA to depreciate it to 0 year 1 as a write off, and put an extra $3,000 in your pocket every month instead of that big payment, and pay it off in a year. If you luck out and get just 2 years out of it, you upgrade into something a little better over time, and before you know it you’re running a new peterbilt, kenworth.
I’ve seen someone drive the wheels off a $15,000 truck, and it last years before having anything to wrong, Pre EMISSIONS.
Exactly what I was thinking
You did great, and you have more freedom
Florida had freight, for at least $1.80 a mile, just have to stay close to Jacksonville Port, an have a Twic card, you can get loaded with a dry van, use to always find fertilizer loads to Alabama or Mississippi
Dawg.. $1.80 a mile?? 🤣🤣🤣
Its better to go through a bank and fiance or lease a truck. Then dealing with these companies.
Loan Mountain is better then the bank or dealership
@@jsmooth176what is better?
I've done the lease before and didn't save for the residual. I went home and did local for the last 3 years. I'm going back over the road with a lease from SFI again soon. This time, I am saving up for the residual. Don't make the mistake I did and not save up for that balloon payment.
Thanks for the comment and advice 👍 be safe out there!!
What happened to you maintenance account over the 156 week period
What year of truck did you lease? Looking at coming over there but wanting to know more of what im expecting. We all know recruiters blow smoke sometimes
Hey, my truck is a 2021 it’s been a little bit rough these days. but I have managed. I’m still making it happen. Maybe wait a little bit if you’re planning to come as an IC here at Schneider . I’m not trying to say not to come or discourage you, but it is a little rough. These days loads are not looking so good. Be safe out there and thanks for the comment.
Why amigo u don’t get to broke with many different freight not only your company but many different businesses u can pick and choose
I started doing this to get the feel of being an owner operator now I might be able to take the truck to another company which I will be able to book different kinds of freight but for now I will be sticking with Schneider if it gets really bad then I will make a move
I love that shirt my pit looks like him
What load board do you use?
I use ( all in revenue ) Schneider
Have you tryed the other ones
Is it worth it?
🤔for me it’s ok but there are days I’m not sure if I’m doing the right thing by continuing in this journey. There’s a lot of things to consider in this type of business.
There going to get there money first before you get yours.
Not worthy.
Damn bro. Making 64k. You still have to pay taxes on that 64k. You can be a company driver with benefits and not have to worry about break downs.
Can have it set up as a S-Corp an pay himself as an employee an only be taxed on a set amount hes paying his self.. End of year owe Uncle Sam nada at all
@@jsmooth176 you still have to pay yourself a “reasonable wage” per IRS.
What the I.R.S deems reasonable, what the average U.S trucker makes per year, i have mines set at $45k a year, taxes on that is around 6k federal, if you live in a greedy state like i do NJ state tax is around 4k
@jsmooth176 jersey is greedy I'm from jersey 😂
That all u take home not good for being gone and all the extra work. They making the money off u. There a scam.
He actually did pretty good nothing about that is a scam
@@gsxr286 people forget the truck payment is their money spent.
He did pretty damn good and spent $100,000 in truck/fuel, $75,000 plus is going to own it in 2 more years? No house payment? I mean it isn’t bad
I think it's pretty good considering fuel and truck payments.
@@Mrfitness24726 better than most people, plus the money he’s spending on fuel and payments is his money too. I don’t see anything wrong with it. If you can net $1500/o/o vs $800-1000/company I think it’s better, plus when he owns the truck it’ll get $2,500+ net a week that’s damn good for no college education. I know attorneys Netting $1,000/wk after taxes with $200,000 in debt