TruckerSHARKy3367
Active Member
Been there done it got screwed don’t fall in the trap either get a loan and buy it or drive as Company driver ....Tell ya a true story
Have a friend went this route he quit a job making 1500 gross take home pay 975 every week this is after taxes,child support as a company driver great pay....then he decided to go into the leasing a truck he said he make more I told him no but take home pay was 1300after expenses except no taxes taking out no child support taking out taxes for fed 30% to 34% of gross 3% to 4% for state .o2% for local tax but he said he is making more money I say after your child support of 265 per week and taxes the math shows he is actually making less with more headaches....he can’t pay his taxes due not enough revenue coming in he now is behind 7 yrs on tax filing he tried to do the contract driver where company pays by 1099 and pays truck payment and fuel that’s illegal as well so there are no good lease purchase deals either own it or drive for a company Back in 2008 I was a certified owner operator been driving over 35 yrs now I stay as a Company driver less headaches better income I currently make $0.921 cents per mile full great benefits get paid what I’m worth get paid while truck is in shop flat tire etc, bad weather pay I sit getting 20 a hr ,detention after 1 hr extra mileage bonus incentive premium pay bonus as well
Have a friend went this route he quit a job making 1500 gross take home pay 975 every week this is after taxes,child support as a company driver great pay....then he decided to go into the leasing a truck he said he make more I told him no but take home pay was 1300after expenses except no taxes taking out no child support taking out taxes for fed 30% to 34% of gross 3% to 4% for state .o2% for local tax but he said he is making more money I say after your child support of 265 per week and taxes the math shows he is actually making less with more headaches....he can’t pay his taxes due not enough revenue coming in he now is behind 7 yrs on tax filing he tried to do the contract driver where company pays by 1099 and pays truck payment and fuel that’s illegal as well so there are no good lease purchase deals either own it or drive for a company Back in 2008 I was a certified owner operator been driving over 35 yrs now I stay as a Company driver less headaches better income I currently make $0.921 cents per mile full great benefits get paid what I’m worth get paid while truck is in shop flat tire etc, bad weather pay I sit getting 20 a hr ,detention after 1 hr extra mileage bonus incentive premium pay bonus as well