Company Driver VS Lease Operator 🚛💰 (Pay Comparison)
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- Опубликовано: 5 авг 2022
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For the past 2 years I gross $114k and the year after that I gross $125k as a company driver. So their is money to be made as a company driver. You just have work for the right company hauling freight that paid the driver good.
Did you strictly work on eld clock or?
Just curious.
What company are u at ?💀
@@youngtrucker9475 He’ll never answer this question🤣🤣🤣
@@youngtrucker9475 I want to know the company name. Everybody says the same thing, “you just have to work for it” what does that exactly mean? No home time ? Just working all day like a donkey ?
Zeller Transportation
As a company driver you get benefits like paid vacation with no headaches of the truck
Doesn't make it worth hardly making any money. As a lease operator or owner op, you take off whenever you want.
@@kylehooker3710 and your not paid when you take off work ...no vacation time
@@kylehooker3710that's my next move, lease operator with a paid for truck hauling reefer units to dcs. Consistent work year round. Gross between 5 to 6k weekly. Company driver is for the birds.😊
@@offroadvehiclelover Minus 2k a week in taxes, plus truck payment, plus repairs, plus fuel. Take home is realistically about $1500 a week and you get no health insurance, vacation pay or sick pay.
Lease operator is a scam.
1k per week isn’t shit
We need to eliminate brokers.
The only way to eliminate them is by becoming one yourself
Then you have to find your own loads.
Brokers aren't the issue. They try to make as much money as possible, just like us truck drivers. The issue is companies that are willing to haul cheap freight.
@@jeffreycairns767 which is still the issue brought by the broker. You just contradicted yourself. Brokers are useless to have anyway. It's just an extra hand to take more money off the load
@@charlesbrown6258 I didn't contradict myself. If brokers weren't around, yes the loads would pay more but the shipping companies would be so backed up trying to book loads with drivers that every shipping company would need many, many extra workers to keep track of every load and every truck picking the load up that there would be no extra money for the trucks. It may work for smaller shipping companies but only very few. Not to mention that they could promise the same load to 15 different trucks so it would be nuts. A third party company (brokers) is the best way to go unless you can work out a deal direct with a trucking company to haul only for them. Truckers want as much of the rate as possible and so does the broker. If a trucking company is willing to haul cheap freight than it's on them. Trucking companies have to say no to cheap freight and the rates will go up but until that happens, and I doubt it ever will, brokers will keep making more. I'll never blame anybody for wanting to make more money and if people are willing to take less, again, that's on them. I, personally, will never haul cheap freight but that also means my loads aren't as available. Truckers want to drive 389 Pete's, drive 80 mph and still make $10,000 for no miles. It's never going to happen, not with mega carriers out there with aerodynamic trucks, cut back to 62 mph and excepting every load they can.
It is always a bad idea to lease a truck from the same company you depend on for your revenue, ALWAYS.
Amen
Not really, a walk away lease is less risky. It’s also an avenue to build business credit in a low risk situation
Hourly paid took home 85000 last year. These drivers need to make a move!
Depending on locations. In TX, my hourly truckers doesn't get paid that much.
Pay is around 24 to 25 an hour in Dallas.
@@goshawk4340 😱😱
These are 6 month statements
First one literally makes more than you lol
You got about 25k in taxes to take out of that lease operator still.
Lease operator is a scam.
Nobody on here is paying attention to what he said. This was only covering SIX MONTHS worth of pay. Meaning both amounts should be DOUBLED (x2) if you want to account for an entire year’s worth of pay on either.
I work local 12 hours a day,60 hours a week,grossed 94k last year
Very nice
What's your employer?
@willynaylor7356 what was your net?
@Steve H yeah I dont want to do that
@@bubbles6883 why you say that? Explain
I love how when anybody talks about owner operator vs company driver, the only thing they really point out is the pay difference. But what they don’t tell you is all the permits you have to get, the registration you have to complete, the ludicrous insurance you pay, and all the red tape associated with being an owner operator. Not to mention you could have your truck break down and be out of work for days if not weeks. Sure being an owner operator is nice but it’s no where near as stress free as being a company driver, and there is nothing stress free about being a company driver. In a perfect world everyone would own their own trucks. But the reality is a lot of people don’t want to deal with all that bullshit. So really it depends on the individual.
its a extra 800 a week in take home pay . ur already clearing 1300 hundred a week as a company man.
I actually know people that started out as company drivers then became owner operators then went back to being company drivers because of the expenses.
Not to mention the high taxes you pay as a business owner(lease operator)
I did not see federal income tax taken out for the lease operator but it is taken out on the company drivers statement. Once the lease operator pays the federal taxes both drivers will make about the same.
That's because lease operators are 1099 workers. They pay their taxes at the end of the year. W2 workers aka company drivers it automatically comes out
@@TheAutisticTrucker obviously, which is why the guy you are commenting on said "once the lease operator pays the federal taxes..."
They pay their own taxes, they're owner operators buying a truck through the company
Federal and provincial tax.
@@charlesbrown6258 no there not
Eliminate brokers and actually run more loads, with a smaller company and you’ll bring in over 120k as a lease operator.
US$53k before tax. Compared to 49k before tax as a company driver I don’t see much advantage in coping with all the hassle, risk potential liabilities or SLA penalties headaches, etc unless one is looking to expand and run a fleet.
@@ukroadgoatdo your own research outside of here, as an owner operator you can definitely make a lot more money but you also have a lot of freedom and if you get used to that freedom and forget about the work part, you’ll definitely make more money being a company driver
@@kennethlopez4217 you do not make much sense, dude. Let's put it to rest. Whatever. Peace and keep safe out there.
Uber driver’s make more then this in NYC
I hear that... and I believe that
Don't be a lease operator for NO TRUCK COMPANY, because the company IS NOT gonna give you the Ratecon with the original LOAD PAY RATE, and the CUSTOMER INFORMATION, if you can't call the broker or customer to confirm the Pay rate, then the company's RIPPING you OFF
You wonder why there is a driver shortage. 2023 is going to be a scary year. 😨 drivers should be at 180k a year and exempt from all federal taxes!!!
I know one company I'd never even consider going to work for...
Western Express
@@squonkers762 what's wrong with western express?
@@reinaldostrobel81 lol
@@reinaldostrobel81 Everything. They got worst pay 💰 in the USA 🇺🇸
I'm stuck there for another 4 months until my contract is done. 2 months in rn.
How many hours did each work?
I’m home every day and off on weekends and make more than the lease driver does. I would never work for a company that paid that low.
It's for 6 months lol
@@chasewilliam1902 William didn't say he made more in a year, I'm sure he has at the very minimum basic knowledge in order to understand the pay given was for a 6 month period.
I doubt you make more than a lease if you're a company driver which you didn't say, but yeah for a fact you don't if they have the right loads being hauled and you're home every day. You probably work long as hell hours doing local
@@charlesbrown6258 I agree but who ever that guy is leasing with isn’t making much
Stop lying to yourself just to make yourself feel good 😂🤣 people that jump into lease purchases can come up if they know what they’re doing. I’ll go stub for stub with you as a lease vs company. If you’re talking about lease companies like Schneider, JB Hunt, Werner etc, then I believe you, go ask the guys over at Vl trucking lease the amount of money they’ve made and has changed their lives.
No profit driving trucks... Thank you. 👍
@@calvinjulian2092 thats 99% of truck companies steal money from drivers while they pocket all the money. This how they get new shinny trucks for new drivers.
@@turbo12v Then go start your own company. 👍
This company charges minimum of $2.30 per mile but pay the lease operator $1.50 per mile Including fuel surcharge. I make $2.05 per mile minimum (depending on the miles. Shorter hauls pay more per mile) plus $25 per pick/drop. I make $20-$25,000 per month. Plates, insurance, elog, ALL maintenance, etc is included in my lease agreement. I also have a walk away deal should I ever need or want out.
Lots of profit driving trucks .... just not for them .
Not with ET transport. There are plenty of other companies that will pay you a lot more than that. I do very well and there are plenty of guys who are doing even better than me as company drivers
It's amazing how you show just how guys who are drivers should not walk away from that company they should run away from that company what a crook
100k a year is not bad 🤣
@@brendanberto-jones3352 that was six months and no taxes were taken out on the sucker. So you can deduct another 40% from that $53k.
This dudes a crook. Doesn't care about his drivers
EXACT SAME THING I THOUGHT!!! IN ALL HIS VIDEOS HE TRIES TO GET DRIVERS TO BE COMPANY DRIVERS BY DEMOTIVATING THEM WITH FABRICATED EARNING - hes shit, dont ever work for his company, we truckers know such types
This is an important video! Awesome job! Thanks. Will watch again!
This is just for his company if anyone was curious. Lease drivers will always be payed more, but will have many deductions for fuel, food, lodging, maintenance, downtime, etc. Company drivers have all that paid for them but will have decreased pay. But that doesn't mean you'll always make more money in either specific area. At my job, company drivers make more than lease drivers. But most of our drivers are outsourced to another company who has their own company drivers.
Ronen you said company driver for the first one but there's a lease deduction, how can he be company driver yet he's paying for a truck?
You can lease a truck. The company I drive for lease all their trucks so they don’t have to spend money on repairs or maintenance.
Pretty sure he just misspoke. It is pretty clear the second one is the company driver info.
a company driver is drug tested
a lease driver is not
Any cdl driver is tested
Both are low paying jobs.
Take home of $53K is not a low paying job.
@@alelectric2767 yes it is. Anything at or below 1000$ a week after taxes is low slave wages.
This was for a 6 months period so it's not bad. But anything less then 1000 a week is exploitation u will never build a future or have anything to leave your kids but the opportunity to trade time for money the same way u did.
@@alelectric2767 I took home 86k I think that’s low… I’m an electrician
@@simbos174
Keeping the lights on
@@simbos174 he said these numbers are 6 months not full year.
That's basically minimum wage. If a company driver is not making at least $100k, you're with the wrong company.
I was a heavy haul driver for several years in fairfield, CA, I was only making $25-35k annually. I went to HFC and make well over $109k my first year. And every year they give an extra $1000 bonus monthly. So after my 6 months, I made $2200 from my CPM and then my monthly bonus of $1000 which I was making over $10k per month. Now it's my 3rd year and each month I get $3k on top of my cpm weekly bonus. Hfc goes up to 10 years = $10k monthly bonus. Bonuses are taxed. But I'm able to live in a medium household living in California with no money issues.
Anything less then $80k, you're basically working minimum wage. Time to find a new job.
It's not minimum wage. It's 6 months. Double each amount.
How can I apply to hfc
How much experience did u have prior to working for HFC?
@benab5912 8 yrs. Mostly heavy haul. Flatbed, lowboy, military freight. Rarely ever reefer/dry van.
You don't need experience. You get paid the same straight from school or 20+ yrs of experience.but they don't provide schooling. Training yes. Training can be done really fast. We have 2 trainers and they're awesome. Obviously I didn't need one. I just had to drive 20 miles around town with the supervisor.
Not sure if I mentioned before but you have to provide your own way of getting to omaha or sidney, IA. They pay for hotels. The only reason they don't provide transportation because it costed them alot of money when people never shown up.
I flew from Sacramento to omaha. It costed me around $400. You get whatever money back from getting there real fast.
Note: I'm not a recruiter, I don't get an compensation for recruiting. I'm just one of the drivers who enjoys the company that doesn't give bs. Yeah. The dispatcher can be a hard ass at times but every single person in the office including the boss drives too. Except for the Bpss's daughter. So nobody bs you there.
I'm still walking away in a couple years because I want to get I to bull hauling and I miss driving a kenworth w900 and I miss driving the long nose, especially a manual transmission that's not governed. That's just my preference.
Dude spoke facts if yeen making 100 your making minimum wage just off the fact inflation has cause housing,car market,food,gas everything to sky rocket 1000 a week use to be good money years ago not anymore 🤝
Thanks Great Video Presentation Very Clear Camera Lots of information Thanks Again
Thank You for you're video's. I rely appreciate you and all you do for us Driver's. Thank You.
Was the mileage same or similar?
A truck that is generating only $227k a yr gross is only avg $4540 on 50wks. If your truck floor isn’t $7k then your running with the wrong company. I know it’s slow now but that didn’t mean you have to settle for rates that low. Pick a new industry if you have to. I drove for lease operators last two yrs: oilfield my truck wkly avg $11,400 (and it was slow), harvest $10,800, OTR $10,250. My current truck that I bought and put a driver in avg’s 9k a week van. $7k is the floor.
That’s what happens when you go to a big company, the pay sucks.
Excellent work! A real contribution!!
Glad you liked it!
Thank you!!
This is a Canadian, and talking about 6 months. So take that in mind.
Lease doesn't seem to get taxes take off and hes paying no benefits.
Company would be better in this case since taxes are taken off and also retirment pay etc....
I make 70k as a company driver and only stay in the US. I don't have to drive 3k miles aweek.
Thanks for sharing Bob!
No wonders this industry is at its brink to collaps…. All that hustle and stress for peanuts…..No thank you….
6 month statement
Lmao both those numbers are weak, I make more then the o/o as a company driver. The way I see it both of them need to look for a better place
For 6 months its not that bad. Depend on how many days out.
@@Yannick3585 my schedule is 17-7 thats 5-1-5-1-5-7, every 1 day I'm home then I get 7 days off. Like getting a vacation every 17 days. As a company driver you should be around 30k at 3-4 months. If you're not there, I would advise to keep looking
Walmart truck drivers start at $90,000.... This doesn't make any sense...
Both are absolutely horrible pay, 2 years ago when I was a company driver I pulled 110k. Now it's 400k with my own truck. What do I do? Deliver containers to the port
What'd you do to get your own truck ?
@@quiet9088 can you not read?
@@N54God666 im thinking about becoming a truck driver, would you say owning the truck is arguably a better way to go as long as i can pay cash for it?
@@TheGamingChad. you don't even need to pay for it cash but that will just be better. Doing your own thing if significantly better as long as your not just doing load boards
@@N54God666 what does an F650 classify as? Does it still have plenty of opportunities when it comes to trucking?
L/O $53K is a pre tax number vs company post tax net of $35K. There is more to the story so make sure you hold back 25% to pay your personal income tax with , then pocket whats left over.
Honestly a lot has to do with luck too. I seen an owner op go broke due to constant repairs on his truck and i have also met an owner op with a 2.8 million mile truck woth only one rebuild.
$35k/yr working 70hrs per week. What a joke!
He said six months so 70k. Still crap tho
Bro I not gonna lie u doing a good job
I have questions. 1-are both paid per mile? Or is the lease op paid %??? 2-if the lease op is paid %, what is the comparison for miles driven between both of them? I ask because as a lease op I typically run far less miles per week than a company driver for my company. But still clear higher.
That lease operator is actually doing very well considering they're buying a truck too.
Can you tell me what’s the difference of a company driver and an owner operator but don’t count the price of the truck payment I’m talking if you buy a truck brand new for cash and get the title day one
In 6 months…35k ain’t terrible.
Errr, I'm not sure about that. Granted, there are people who barely make that in a year
That company is disgusting. Companies that pay that little should be embarrassed .
wow! i knew canadian drivers made less than usa drivers but i didn’t know it was that much
The average hourly rate in the Toronto area is $23/hr. I'm lucky, I make $26/hr but I only work 5-6 hours a night. I can't stand driving through Toronto during the day. 8-12 lanes each way and still bumper to bumper from 6am to midnight or later.
@@itsallovernow2929 I remember my first part time job lol
@@El_Borrego_Negro LOL, except I'm 18+ years trucking and considered full time.
@@itsallovernow2929 im a rookie and being paid 25/h in QC.
What he showed was for 6 months.
Also the lease op doesnt get taxes taken off or any retirement funds of any kind.
In the end, company driver is better off.
He gets retirement dollars auto taken, taxes auto taken and other benefits.
Lease has none and you need to pay taxes at the end of the year.
Hey that’s pretty cool how much did the company make off those two drivers?
Much more to consider
There's always more to consider, this was just some of the key factors!
This is why I left the industry. Too much time away from home and rude customers for the money
God damn you don't pay your driver shit do you I'm a company driver over here making $100,000 in the US you guys are fucking paying shit aren't you let me guess you're paying your company drivers 36 Cpm 😂
It's over 6 months
How are you making $100,000 as a company driver for 6 months????
@@chipinfoos That's lease operator for 6 months
@@itsallovernow2929 so trucking journeys is a lease company driver making $100,000 in 6 months? That would be pretty good 👍
@@itsallovernow2929 the comp driver also was for 6 months
You should also mention home times of both as well. Leasing is the worst decision any trucker makes. As a company driver you have the upper hand while in lease you’re their slave.
Leasing blindly will sink you very very quickly
Seems like some drivers are working for peanuts.
Work load difference , how harder did the lease guy had to work
How much harder do you figure?
Lease driver’s stub is before Federal Income Tax, correct?
Lmao yallllllllllllllllllll out here taxing
I netted 76k in 2023 but man was it a grind, 47 weeks on the road to touch that as a company driver. 130k miles and lots of tarping
That’s a huge difference
Great 👍
Did you take the taxes out for the lease operator
do you offer a lease operator program
Is Prime INC a good company? Anyone know ?
These drivers are getting hosed! Dang!
If the company driver only netted $35,600, the company is robbing him. I netted $53k most of my last 10 years. And if the truck blew an engine, it was not my problem.
Where do you get insurance for a lease opp?
OOIDA.
would be fine but the company I currently work for gives the old trucks to the lease ops.
How long are they out for before they can get home? Home every weekend, every two weeks, or out for a whole month? I make more than that and home every Friday for the whole weekend. If they are not home at least every weekend then that is not a good paying driving job.
Have to dispatchers for my company don't even answer the phone it's very frustrating
Now come back in six months and do it again
Theyre getting screwed
What about 30% tax rate for the leased driver?
Mile pay is a rip off
Everyone steals from the driver
Canadian dollars?
Tomorrow I got a load to Chicago to haul steel the load pays 3 dollars a mile Chicago has more work right now I have 12 trucks going that way six Peterbilt flatbeds and I have two trucks in California right now but it’s a hard time for truckers tell me about it are used to make $10,000-$12,000 a week now it’s half of that
Thanks for showing us not to work for your company
How much experience did he have to have before company driver got that good job ??
Thats the same as a yearly statement in canada, in Canadian dollars
Essentially you just told everyone do not work for your company as a company driver because that is on the low end of what they should be making. As a company truck driver from the company I drive that I bring home after taxes 110,thousand a year.
If you’re making 35k just work at McDonald’s
No cap or fedex😂
6 months fam, you have to listen 🤣
He took home 35k in 6 months that 70k after taxes child
I make 120k a yr and I’m home everyday. ( company driver )
How much you save a year out of all expenses????
Depending on the tax liability for the lease purchase, it may not be that big of a difference and a whole lot less headache for company drivers
So a person working at my local SHEETZ convenience store who worked 70 hours a week (like a company driver normally works) making sandwiches and selling gas would make $5k MORE than a trucker...
No wonder there's such a shortage of drivers...
I'm a company driver and I'm dead in the middle of that.
That's crap money. If you ever want to know how much we Canadians pay out each pay, Google ADP pay calculator. You can choose by Province, put in the gross amount and you'll see the net pay. We pay tax, EI and CPP (Canadian Pension Plan). If you think it's alot that's taken out, just remember that we don't pay extra for doctors, Hospitals, etc. It's included in our deductions.
Neither are doing that great. when you think about how little the dollar buys. Also the lease operator assumes significant responsibility for what does not amount to significantly more.
Iam a company driver and gross 93600 yearly minimum guarantee even after the Heartless Express buyout
What he's not telling you is as a leased driver you are 1099 so in the end you make the same if not less due to all the taxes plus self employment tax
Leasing from a company that controls what you eat is a fools island . NEVER DO THIS GUYS!!
I did it to make more, which I did in comparison. Only that swift dedicated account for Walmart as a company driver would have got me more than any other company job I’ve had. The highest net pay I’ve done was with bay and bay transportation, a lot of weeks I’ve made over $4900 net pay. I bet close to $90,000. Things did fall off in March of 2022, that’s when I left the road. My DM was crap previously safety and slacked off. Listen to people when they say come get under my DM.
My newest driver is netting 95k and thats after a year of being with us.
We haul our own freight, all drop and hooks. You choose where you want to go, and we have every fucking type of truck you can imagine.
Im talking flatnose, cabovers, nextgen 680's, we have something for everyone.
There isn’t any point being over the road and being away from family for that. You can make that anywhere and not risk your life all day and deal with inspections everywhere.
How did their run pick and quality and home time Stack up lol
So when we drive for the company the company pay for the gas and insurance stuffs. So will they deduct the money from our money what but when we joined the job for a company they say they provide gas insurance and any other repairs. So why they deduct money from us either the company pay for those 😢
And what he doesn't tell you,, owner ops make much more than lease operators, especially if you own your truck outright
Please make the best operator driver and the worst operator on Lease program
Ouch! Going to stop complaining about my pay, make more than both home daily, every weekend and holiday off! Make about 1200 a week for 40 hours
How many days a week do you work to get 40 hours?
@@nia6849 usually 6 hours a day, 5 days. I do get 8 or 9 hour days on occasion which suck as far as I am concerned!
Don’t forget that lease operators are under 1099. He may have made $52k but 25% of that goes to the government for taxes which is like $13k so really he made about $39k give or take. I’m guesstimating don’t come for me.
Like how it doesn’t show miles driven or pay rate
Lease operator is the biggest mistake ever.! If you want to be an owner operator then go buy yourself a truck of your choice from a dealership. Get your own authority and you just might stand a chance of making it.
So u not gne mention the shit load of money the o/o have to pay in taxes???