Whatever you do, READ THE CONTRACT! I am currently in an LP with Diamond Transportation, which uses ENGs in Lisle, IL as a financier. I was just in trouble with the truck. I was licensed to two other carriers, but I learned yesterday that I was in a “non-fragile leasing purchase,” which means that if I leave, I am still responsible for the remaining balance on the truck. The only other option I have is to arrive with more than 20K (30% of the residual value of the truck) and then take it where I want. In other words, I am practically held hostage by not reading the rental ACCORD. I had assumed that “all lp are equal…. THEY`RE NOT!!!!! READ, READ, READ or you could end up in the same boat as me! Good luck with your travels. I think if you are willing to walk on the road for a long time (long distance truck) I would find out how to run on my own authority. What do you think of the leasing of a truck from a commercial supplier and not from a business? What are the pros and cons? This is what my truck auto school warned us not to drive for Prime and not for Prime you told us that in the first 3 weeks I agree. Traders have better and more affordable options. The company makes a lot of money with your hard work.
It makes no sense to keep emptying your pockets with your hard-earned money through their leasing/buying programs. Our commercial truck rental conditions and rental plans drive the profitability of your truck fleet, making it easy to rent cars from our premium Peterbilt range and other leading commercial vehicles. Another serious consideration of the cost of leased vehicles is your company`s debt ratio. Buying vehicles with loans and paying off loans have both higher monthly overheads and a blow to your debt ratio. 700 a week is not money. You can do this as a business leader. Be a business driver, save money and buy a new truck for cash, never finance, if you can`t see that you`re saving this type of money, you`ll fail as an owner. In a business, it`s all about money management. If you can`t imagine you have $100 in savings, you don`t have what it takes.
Fianancing puts you behind the eight ball of the first day of truck rental these truck companies is a SCAM!!! Well, everything is good to hear the well of the information you provide. It is business. I did it on my own, and I can say it was the best experience that ever existed. I just made a few mistakes that cost me a lot of money and headaches. Am I going to do it again? Of course, if I could get a good deal. Us Express, for example, offers a good leasing program. New devices mean fewer outages. No money down. Basic plan paid and allowed. Lots of good things, but as I always say, too good to be true.
It remains to be seen whether I will earn enough money to pay my lease. On average, about 1.30 USD per mile, adding an average distance of 450 miles per day. Working about 6 days a week, I can do an average of 2,700 miles a week. These multiply by 4 do 10800 miles per month. At $1.35 per mile, this equates to $14,500 per month. Very well so far!!! Now, about $3.00 a gallon of diesel and on average 5.5 miles a gallon at 10800% 5.5, I need 1964 gallons and $5890.90, but I`ll instead say $6000.00 and you all know why. The set will be the rental payment of about $2000.00 giving you an advance on your expenses of $8,000.00. I`m going to make $6, 500 a month. But remember, there are other editions that you need to add to the list. In this case, the company will pay for the insurance. General freight and responsibility.
I have to check if I have to offer another type of insurance for the equipment, but my friends are the heaviest. If that`s the case, it always looks good to me. As I always say, it depends on each particular situation. You should pay particular attention to signing the contract, because the more you add to the contract, the less you do.