Bait and switch switch agreements, that is fraud. Double brokering freight, because the lessee is a carrier, not an employee and not paid the rightful share on the freight. Leased under bad faith. I was told told that the truck I was leasing was in good condition with no mechanical problems. I was offered $1000 to recover the truck from the previous lessee because they didn’t want to make the payment anymore. Super Ego paid to fly me and paid for an uber to take me to the truck. The truck was in poor mechanical condition and I called Fleet Manager to report the problem. I was told to bring the truck in for repair and they would cover the cost. I got stuck paying for hotel and the lease payment while the truck was being serviced. And then the truck broke down after being serviced. The driveshaft ripped out. Again I couldn’t drive the truck, was still responsible for making the lease payment and had to pay for hotel. Obviously the mechanical condition of the truck was not what they had claimed at the time of lease. In legal terms that is referred to as fraud. I paid out more money than I made. The cost of the flight to Chicago and hotels. I paid out of pocket for blown drive tire and trailer repairs on a trailer I drove for a week were deducted from my pay. I had nothing but problems and this endeavor was a waste of time and money. I have bills to pay and I am poorer for working for them. FCMSA Regulations? Is the “Lessor” responsible for knowing the condition of CMV they lease?
Warranties were great back when you could get the truck back in the same week or two that it got there. Now you’re lucky to get it back in the same month.
Warranties are worthless. Those jerks will fight you on EVERYTHING doing whatever it takes to ensure they don't have to pay. Like insurance. You pay for it, they should do it no matter what, don't care if fraudsters ruin it. If you want warranty, might as well rent a truck from Penske or Ryder and do it that way, that's what I've been doing since my company shut down and went my own way. Do it for six months and then purchase a truck that's mine again.
While Lone Mountain is a decent company they want $20,000 more for the truck I want than if I went through a dealer and more miles on the truck. $20,000 thats a lot.
Im a company driver 8 + yrs experience, and one great reason to do the mega carrier starting off is not to own thr truck, but to have s corp and all the legal aspects shown to someone with no experience on the business end.
starting tomorrow 7/7 DOT everywhere in the country for 1 week is safety week ,they looking extra hard for violations and will be randomly be stoping trucks for inspections etc.
I bought my first truck from lone mountain and 5 years later I bought a big bunk from ARI. Lone Mountain was fair and I’d buy another truck from them if I ever had the need to.
I told the story a lot but in short with my brand new truck 23 Kenworth before it left the lot have to put in $6k worth of warranty basically door actuator fuse and someone have to wait six months for warranty to reimburse. Three months later at 30k shift stock was defective took nearly 3 to 4 months to wait for a part almost destroyed me then the following month manufactured defective radiator have to wait a month. The lesson here is brand new truck doesn’t mean you won’t have no Breakdown that’s not true. Oh, and that doesn’t include when they install my apu they pinched the wire and been to connection. Have to call corporate thermal King to have them replace the wire and install. When I lease from the mega carrier when there’s something with my truck that swap me in a loaner truck. With my new truck deal, I learned a hard lesson that commercial loans are very different from personal loans after 30 days. They have a right to take away your truck added stress with the manufacturer defect problem of no fault of my own and by the way lemon laws don’t work on commercial vehicles.
Landstar pays our weekly settlements through comdata. Unfortunately it's our only option. Of course we use it for fuel too. Idk if they subsidize some of the fees i see others talk about, or maybe it's just the deal they struck to get Landstar's business, but all i pay is for certain transactions card load and deposit and probably for comchecks too, though i never use that. Anyway, their app, their website, the little i actually use it for, is just horrible. Glad i don't rely on their app to find fueling locations. Really wish Landstar would ditch comdata, or at least give us more options to choose from, including direct deposit of our settlement to our bank.
In early 2020 I did a lease purchase through Prime inc (Pedigree) after being a company driver for a bit over a year. I did their free CDL school after a year with the company too. 14k down on an 86k Cascadia with 320k miles. Payment was $762 weekly. $126 of that was a maintenance fund that I would and did recoup at the end of my 2.5 year finance period. I was under warranty for 1.5 years. It was an easy entry to truck ownership, and I was allowed to take my truck to a different, 80/20 reefer carrier and make $201,685 with maintenance costs outstanding (nearly 14k) in 2021. The market was better then, but the whole arrangement was great for me. I was also a “work my ass off” type though. 2 months on the road, 1 week home. A couple month-long vacations to Asia sprinkled in though.
Solid advise, especially "if you can't afford the down payment, you can't afford a truck". Most guys fall into the lease purchase because their dreams are bigger than their $. A small percentage pay it off, but it's a hard way to go.
No it isnt. Live out of company truck for 4 years. Have no bills other than car insurance and prepaid cell phone, 35 a month. I saved a couple hundred.
@@DonFonzarelli-uq9yx you should be netting $1,100 to $1,400 weekly. I'm making that at RAPID RESPONSE. From that you pay your expenses. I buy food at DOLLAR TREE, because of individually wrapped items.
Hey. I just happen to come across your channel. Man, look, here's the thing about Super Ego(pronounced E go) and, like most other companies. If you don't learn the system and you're new, just getting into the game. You're going to get screwed your first 2 years. That's what was told to me by my homie. It's expected because you don't know anything. And they're gonna beat you. But here are the tools that you should have in mind. When you are a truck driver, you only control 3 things. You can control the load you take, how to get there, and when the load will arrive. That will include the cost of your fuel. A lot of these guys that aint making money and with Super Ego or any of these companies they're talking bad about is because they are in a rush. They're not using their time accordingly. For instance, if it's a 2300-mile run and you have 5 days to get there. We say 5 days because you go from pickup. Take off. You include the day you go, and that's 120 hours for 5 days. You can only drive 11 hours total. But this is a lie can only run 10 because pretrip is 30 minutes. Now, some places let you run the clock. Even when you run the clock truthfully. Homie, you're still gonna beat yourself because you rush . Rush!! You got 120 hours to get there. Do you know how long a 120 hours is? That is a long time in, so you can map out. How much time you have to sleep? How much time you have to drive? How much time you have to shower? S*** shave and bathe. Uh, and you can calculate all this out. These tools are available to drivers, and yeah, you're going to have to pay some membership fees. If you want to make money in this game, I'm gonna let you know my first time riding out fresh out of trucking school. I made $7000 now. That's what I put on paper. What I walked away with was about 2500. That means after cost and effect, you should get at least 50% of what you put out. So at 7000 I took in 3500, that 3500 for the week. I spent 1500 in feul. That'll leave me with somewhere between 2500 and 2700. That's how you do the math. y'all don't let all these guys just talk down about it yet. There are some bad experiences, but you have to understand the business. If my truck aint moving, I'm not making any money. It's nothing personal. It's business, so don't take it personally. If you decide to go home and you put your truck at a pilot for 2 days to take your 34. Should have been prepared for that because in the trucking industry, only the vets take a 34, and they take a 34 on a road. They don't take a 34 at home when you go home. Only people that really go home own their trucks. Nothing personal, I'm just saying. Because keep in mind if the truck aint moving. I'm not making no money, so when you take your 2 days off. They are already calculating coming to get that truck. Because you might not come back to work. And they don't want to take that risk. That's the business side, but now that it can happen, everybody should know that when you go there, you need to ask the company. How long can I have his truck down before y'all come and get it. So that I know it ain't no surprise when I ask you what you mean. You tell them it happened to me before I took my 34 when I came back to go get my truck. It was gone. They took it. So I'm asking, how many hours can I go down to give me a break to give me some recuperated energy? So I can come back to work and do what I do without y'all trying to take my truck. And yes, the whole time you are out on your 34, they will keep calling you with loads. Get that in writing, have it signed dated and notarized, and keep that piece of paper at your house. Once you get that, if you do, that's all I'm saying and read your contract. All right, Mr. Mac man out. You might see me soon in traffic again. Rght now. I got into a bad accident. My back down, so hopefully, I get back out there around September and go get this Christmas money. You feel me, Caio
I did a company lease for 3 years from 2017 to 2020. Company offered a $10k completion bonus, plus had cash stacked in a maintenance account. Took the cash and bout a truck with APU for $9k in 2020. Still running that cash truck to this day. Not saying it's the best way, it's just "a" way to get a truck with no payment.
Another thing is watch your loan contracts. I want a simple interest loan with no prepayment penalties. I know a guy who signed up for 27% interest and prepayment penalties equal to the total of the payments. He cannot pay the truck off early to save interest.
Both lease purchases that I've looked into one I did and then looked into it again later on they all make you pay like six grand to move to a different carrier or they make you pay 10 grand to do your own authority with the lease truck
The newer the truck, the better the milage. That is a fact. Hell i love those old cab overs, thrley look cool as hell but i bet they average 5 mpg at the most.
