@@espartan3806 the monthly is a lot higher on lease but that’s how they make extra money to cover the extra risk a lot of people do. I could loan the same truck on a $950 by weekly note. Extra grand a month in my pocket.
Truck Drivers have been underpaid for years, while costs have steadily gone up. The risk is not worth the reward but now is the time for truck drivers to demand and solidify what we deserve.
Warning: this guy is FOS. He’s showing you one pay period out of a truckers whole year. Ask him to show you the lowest paycheck or negative paychecks back to back. Ask him to show you pay average year over year. Think about it: would the company really do leases if it didn’t mean more money for them?
I agree with what you said but part of the reason to have lease operators/owner operators is to take on more business without taking on too much risk. Like for example if you had 4 of your own trucks, two of them financed and you suddenly come into the opportunity to sign a contract for work that would take 8 trucks total. You might not want to go and take a loan for 4 more trucks so you find a owner operator or a lease operator who will take that burden upon thesmelves and you pay them a portion of the profit. Now does it actually work out this way? Definitely not.
@Cool Fella Emissions systems have several components that need to be replaced or maintained on a service interval, and I believe some carriers are ignoring them knowing they aren't keeping the truck.
Owner operator hauling for 1.45 a mile. Yall sure screwing him. I bet the loads the shipper is paying is from 3 dollars to 5 dollars a mile depending on what you are hauling. If drivers knew how much the shippers really paid things would change
Maybe that is the payment for a guy that doesn't own a rig but drives for him? He is being honest, he showed everything on paper, I wouldn't mind working for him.
@@alienlatino2945 and you will go out of business. You must not realize how much it cost to run a truck. Engine failure. 12 to 30 thousand, tires 400 a piece of not more. Fuel over 3 dollars a gallon. Shop bills 130 dollars an hour plus losing money on down time. Only thing that keeps me a float doing all the work on my own rig. That company is making bank off this guy. Shorter runs like the one I ran Friday paid 8 dollars a mile. That's the problem with trucking people take cheap loads and it hurts everybody. If you do the math by the hours you are in that truck, you ain't getting but about 8 to 10 dollars an hour.
Alot of guys don't even know how to go about getting their own authority. Much less have the start up money to run their own truck. So this is a way to help establish them in this industry for future goals
Lease trucking could work out well, but you have to be able to get loads constantly and preferably high paying loads so it's a risk because you're stuck with the lease monthly payment regardless, plus repair costs and other expenses
Leasing is a great option for individuals without high personal debt, a stressful home situation and a solid work game plan. People that failed at it downplay it and drivers that took a different direction to eventually own a truck think their way is best. Instead of sharing knowledge genuinely, drivers have become individuals that place themselves on a pedestal. Regardless of being a company, lease, or O/O you need to know and set a bottom line number to take home. Plan your prime running lanes weekly like you plan your trip daily to increase your weekly success and do your pre and post trip. Lastly, never stop networking and learning from those doing the same albeit better or worse than you so you're constantly learning.
I don't mind earning company driver wages as an owner operator for the first 4 years, because after that I'll own the truck. A company driver after 4 years is still a company driver. Leasing is not bad but it highly depends on what company you lease with.
Don’t do that. Lol. They just want u to sign a contract after that u are a slave to that company!!! If u wanna make money go for regular leasing( there is a difference between “lease to purchase” and “leasing” lease to purchase is same as owner operator u pay for everything that happens on ur truck also after signing a contract u will get coupler month of good rates but after 🗿 And leasing u just pay for truck and trailer 1200$ per week and 18% dispach and diesel. All they maintained done by company. Off season u can easily make 3000$ per week busy season 4-5k per week.
@@timkakdm hi man! What if you are no longer able to pay 'a regular lease' ? Just leave the truck and that's it? Some penalties? Does it spoil your credit score? BTW what about rates (%)? Is it the same with 'lease to purchase' and 'regular lease'?
It seems like being a company driver is like working a government job, you don't have to worry about anything but driving and everything you do is at the expense of the company even though you aren't making as much money. The lease operators and O/Oers make a lot more money but they have to be real hustlers and have a little business acumen to stay ahead of the game. I guess if you don't want to deal with certain headaches and are satisfied with the pay and never being home then company drivers seem like the best route.
Well of course they do. they have to run a business, the lease driver does not. If the lease driver would get his own authority after he pays the truck off he'll be able to make double that if he knows what he's doing. But still a 15 day paycheck taking home over 4k a month after taxes and truck payment is damn good for most drivers.
@@ryanpatterson5269 This is the key factor. I'm a truck driver in Toronto,Canada. I also take home $4,000/month and I'm home eating dinner with my family every day. I don't work on the weekends.
That lease operators pay at 2 weeks, REMEMBER he STILL HAS TO PAY His TAXES on that NET income SOO the Lease operator made much Less than what this guy is saying, Tell the truth Dude, stop misleading these guys... If you love OTR, better to stay Company or ACTUALLY OWN The Truck straight up (period) and...why are you screwing these lease ops with that mileage pay...you are ripping these guys off. There needs to be some kind of Legislation and regulations put into place, to stop these predatory lease purchase programs.
Companies don’t leas trucks to people because they love you and pay 60% more. They know that it benefits them more to lease rather than have company drivers. You take all the risk like an idiot because you get hypnotized by the gross numbers 🤦♂️
the more I talk to guys who are leasing the more I am realizing this. Especially the companies who pay them by the mile. Carrying all that responsibility they should get percentage. Pay never seems to mstch the responsibility.
@@DanJ259 I guess but you still take on all the risk. I know few that people make it but most owner operators aren’t doing any better than company drivers.
I'm a rookie and have talked with several lease drivers ALL of them have leased for years and are happy, the guys that leased and failed were the guys that couldn't stay on the road because they had young children or a wife that they had to take time off to try to be present, but the other guys that had adult children or no commitment love it
Thats low for leasing... Im going to lease where i am at and train students.. The pay weekly will be $6,500 to $7,200 weekly with 5 datys off monthly for monthly maintenace..
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
@@salomebarile9991 Wow, I'm just shock someone mentioned expert Smith Logan, I thought I'm the only one trading with him. Mr Smith helped me recover what I lost trying to trade by myself
Who paid the insurance on the truck and trailer ? I did not notice that deduction on the payments. It will be nice to see a video on what does ET transport covers as a owner operator, lease operator. We that in knowledge than we can actually do the math and know if that will work or not. It is true that some companies paid by the load over 3$ per mile but when you take in consideration that you are getting charge a percentage for it than it may not be a big difference if you get paid by miles. A lot of companies that work like it won't paid empty miles.
I got a simple formula to know if it's worth it to work at anything in particular. Hourly wage. That's it. I expect to earn as much as a unionized construction worker which is $35/hr. If I get into the snow plowing business and work for 10 hrs I expect to make $350 clean, after paying off fuel, wear & tear, etc,etc. If I'm going to fix someone's car and I think it's going to take me 2 hrs then I will charge that person $80 bucks labor. Not including parts. The same goes for truck driving if it's my own rig/truck. I expect to make no less than $35/hr clean, after having paid off fuel, wear and tear, tolls, food, insurance, etc,etc. If I am not making at least $35/hr no job is worth it for me. If I work 50 hrs a week driving I expect to make $1,750 weekly or $3,500 bi-weekly. But anyone driving a company truck shouldn't expect to make more than $26 an hour.
Wow... L/O at $1.50/mile? Ouch. Why do these men & women do this?! If you own the truck, you need to compensate yourself for your time PLUS compensating yourself for the risk you take related to ownership. The only way to do both is to get every dime the shipper is paying on a load. Either work as a company driver or buy your own truck under your own authority, don't lease/operate. It's a horrible deal. The L/O should be grossing $7,500 to $15,000 per week under their own authority.
Hey how you doing budd I want to ask a question I wanna buy truck? And this guy you won't not make me drive out of the yard because insurance policy? What do you think
Hello Roman. You need to turn your coffee cup around. Nobody sets down or reaches a coffee cup from that angle. On the bright side, good informative video. It would be nice if all trucking companies would put out information in this fashion.
I love reading comments from people saying how a lease purchase option is bad. Yea, it’s bad if you’re making $1.50 a mile on all loads. That’s hilariously bad. I’ve been doing a lease op for a little bit, until I can but my own truck next year. My take home after all expenses except taxes, is $3500+ a week. Other drivers with my company who are lease operators are taking home 140k a year after taxes. But yea, the lease purchase program sucks. You can’t make any money. Right.
Sounds like a good deal, I’m in 2nd week of school and 2 more to go until I get my CDL and want to do lease operator when I finish. Is that possible ? Any companies?
@@chrish.3898 I’d recommend being a company driver for a year. And if you decide to be a lease operator, look for companies that pay you a percentage of the load. Don’t do a lease program if they just pay you a flat rate, say $1.30 a mile etc. it doesn’t make any sense. It costs me about $1.10 a mile to drive the truck. But I book freight that’s paying $2.50-$4.00 a mile. So that’s why I’m able to take home $3000+ a week. If you’re just getting paid a flat rate on all loads as a lease operator, you’re really getting fucked on income.
@@davidthompson184 Man thank you I appreciate the help and advice, I screenshot your reply so I can remember to look for when that time comes. I’m just excited to get out here in my new career
@@chrish.3898 to put give you an idea, I got my CDL through swift. Make 60k the first year. Left swift, made 100k with another company my second year. My third year, I made 150k (after expenses) as a lease operator. The money is out there. Just navigate it the right way etc. 🤙🏻
About to buy a truck and start in this biz.... should I lease on to a company to get over that 90 day hump before I can book a load with my own authority ?
@@robertjhilliard2403 I was making a six figure income working 3 days a week. The large corporation that bought us out didn't want to pay more than 50k a year.
@@Chris.christiansen.84 I’m leasing with small company.they pay me 90% of load. Only 1022 monthly on truck payment and 2675 on insurance.and 1600 a month for truck rental
Be your boss-most people want to talk you out off being a truck operator Oklahoma has one the top truck drivers pay in Oklahoma with the demand super high for drivers it can be done I’m a truck operator and I make 7,000 in 4 days and I mostly stay in Oklahoma only sometimes do I travel to fort smith Arkansas but if I haul a flatbed I will make 8,000 in 3 days. It’s there to be made most truck operators make on a average over 119,000 a year If you don’t believe me google search truck operators…and you will see the numbers and that’s before gas prices went up. Believe me I make more than that a year. Every week I work Monday thru Thrusday. I have 3 day weekend every week and when I go on vacation I go on a two week vacation
I was grossing $1.25 a mile with my own truck in 1993 ! what lease operator would drive for $1.45 in 2020 ? and as has been pointed out, if this russian guy could make more money by owning all the trucks and paying them as employees, he would be doing that.
Company driver 2600 Lease operator 4100 1500 more for two weeks. So LO will have to save for 1000 for sudden repairs of truck. Making 500 more than company driver in two weeks, no thank you. Debate anyone?
My brother is an O/O, and bro you are correct, not only that but most companies cut miles and pay and when you try to leave they hold money under false pretext. And they give low paying loads or dont give you enough miles. All these companies will never let you make money, if you have a good cheque, you next cheque will oddly be super low. I have always made more money as a driver than 99% of O/O, and if they make slightly more, its not really worth it as in a single breakdown you lose thousands in hotel tow food transport etc. As a driver there is no headaches, my brother only started making good money now as he got his own authorities as most companies shaft you hard. Plus ET looks for schmuks that will lease their pos used trucks, and u cant leave until truck paid off, whereas by then truck is garbage. Better to drive company and leave headaches for company, you want to make money for work, as an owner operator there is a very good Guarantee you will pay them to work for them lol.
Jamal Muhammad u r right. I am going thru same Situation right now. Company is holding my four weeks pay for no reason. They are under MTO audit and not operating at the moment but I have confirmed from sources there is no way they should be holding pay. Being OO is like getting screwed big time and bringing your own bed and lube as well 😂
So you are saying that the money you will earn as an owner operator, are going for repairs?? My question is: Are you going to use your own truck or be in lease program? If you are going to use your own truck and you know the condition of your truck yes I agree with you, but if you are in lease program you are purchasing a brand new truck and you no need to spend money for repairs at least for two years. Just I have to mention for all the brand new truck you have warranty depend how much money you want to invest to extent the warranty. Yes maintenance and oil change according to the miles you are going to put on this truck you will be responsible , which is approximately every 40,000. -50,000 km and will cost not more than $450 in the dealer. I don’t know for what kind of truck you are talking about to spend $1000 repairs every two weeks!!!! We are in this program for more than two years now, and is the best decision we make so far, very happy, no more truck bill repairs, headaches gone!! If you are dedicated and you willing to be on the road with brand new truck, I am telling you the miles example in this video is the minimum, this company will keep you busy if you willing to work!! 100% suggesting leasing program with ET company, if you want to be Owner Operator!!
This video is not talking about other companies, that’s why ET Transports make a difference, this company does direct deposit bi-weekly, and never delays on the payment!!
But u are not taking the taxes out of the lease driver to my math the lease is still make a few hundred more per check but obviously alot more risk I say get all the numbers before committing to either
takehome, is that after tax? We got this employer tax here that goes on top. soo, is that the same as what you get in your pocket, done and done? We got taxes on taxes and taxes on top of taxes over here so, just curious.
Yes hi I’m axing about the leasing boardroom so actually I’m a driver and US so that you have 2 to do the agreement in Canada actually I’ll be working in the US let me know if you’re coming thank you
Seems like both are make just about the same cuz the lease driver have to deduct his taxes,so the pay is almost the same but only difference I see is the lease driver will own the truck eventually that’s the only difference I can see
@@NorthAmerican-Trucking-News how is it possible? 200 000 Cad truck for 48mnths with only 1%rate comes to 4250 mnthly payment with zero buyout.. Make a video with details about your lease purchase program, thanks
Hello! Best regards, I got a cuestiones, this company is hiring for colombians truck drivers? Please let me know, I am looking for. Thanks for YOUR attencion!
I don’t get why the lease operator is paid three times what the company driver is paid per mile. Even after the lease payment, the lease operator takes home $1000 more than the low end company driver.
The cost of living in Canada must be really cheap because you could make same or more working locally in most of the big companies out there R+L UPS Pitt Ohio 10 roads Sutton etc most of them pay between $25 to $39 an hour at least in Illinois they do and with 60 hours a week you'll be making same or more
Hello, I am from Iraq. I work as a bus and truck driver. I have 15 years of experience in this field. A certificate issued to me in 2000. I want to work.
@@ryanpatterson5269 We have terminals in Toronto and Moncton, would love to hear from you when you're ready Ryan! You can apply for our website at ettransport.ca :)
Great video sir. My brother and I are looking to jump into the freight industry and I would love to get some input from in that regard. How May I reach you besides here? Much blessings.
Why would you rent a job? That's exactly what you are doing when leasing a truck. Take the time to investigate yourself.look at how many companies are doing a rent a wreck program and look at the percentage of people that actually complete the contract. The idea for companies to flease is to cut their cost and their exposure.its not to help you become a o/o they are just trying to get you to pay their bills on their equipment. Call these companies ask them a simple question ask them can I take your contact to a lawyer for review before I sign. Second ask them their percentage of contract completions. Third ask them if you are allowed to move the equipment if you are not making what they claim you would. You will find out real quick you are just a company driver with a truck payment on something you will never own..most of the flease companies the only difference between company an lease as far as money is ones a W2 with benefits and the other is a1099 without benefits. I seen way to many lease ops bragging about grossing 10 plus k a week and bringing 2k a week home after cost. Not trying to break your bubble but that's 12 percent more than most company drivers and once you take out taxes and purchase your benefits your actually making less.
New truck driver here. How much are you making and how much experience did/ do you have to make that? I’m looking at going local with a year of experience but I don’t see any jobs paying even as much as I was making OTR with no experience.
Interesting. But lease op in my opinion is not worth it. I actually make 3k to 3.5k every two weeks as a company driver. Daily pay is where I'm at and is where the Industry need to go.
NO SIR your NOT transparent as you claim. Show full tax deductions and then for company and lease drivers then you "might" be transparent. I've been driving since 1994 and he was still in preschool.
The pay scale in Canada sucks. And the dollar is worth even less. Granted I have my own authority and insurance, but I would quit if this is all I was making
Stay company EVERYONE please! Budget & finance a truck with patience & hard work.
I DID LEASE PURCHASE TWICE WITH 2 DIFFERENT COMPANIES... IT DIDNT WORK.... IM PAYING MY TRUCK TO BANK NOW.... & SO FAR SO GOOD....🙄🙄🙄
I agree driver
@@espartan3806 the monthly is a lot higher on lease but that’s how they make extra money to cover the extra risk a lot of people do.
I could loan the same truck on a $950 by weekly note. Extra grand a month in my pocket.
My god you right what video should help with that
How can you get % of freight over CPM??
Truck Drivers have been underpaid for years, while costs have steadily gone up. The risk is not worth the reward but now is the time for truck drivers to demand and solidify what we deserve.
Warning: this guy is FOS. He’s showing you one pay period out of a truckers whole year. Ask him to show you the lowest paycheck or negative paychecks back to back. Ask him to show you pay average year over year.
Think about it: would the company really do leases if it didn’t mean more money for them?
I agree with what you said but part of the reason to have lease operators/owner operators is to take on more business without taking on too much risk. Like for example if you had 4 of your own trucks, two of them financed and you suddenly come into the opportunity to sign a contract for work that would take 8 trucks total. You might not want to go and take a loan for 4 more trucks so you find a owner operator or a lease operator who will take that burden upon thesmelves and you pay them a portion of the profit. Now does it actually work out this way? Definitely not.
@@rayzala1393 Yeah that happens. Megas have trucks sitting around though.
@Cool Fella Emissions systems have several components that need to be replaced or maintained on a service interval, and I believe some carriers are ignoring them knowing they aren't keeping the truck.
You are so right!
Owner operator hauling for 1.45 a mile. Yall sure screwing him. I bet the loads the shipper is paying is from 3 dollars to 5 dollars a mile depending on what you are hauling. If drivers knew how much the shippers really paid things would change
As long as they have truckers for them rates, they will get even lower rates.
Maybe that is the payment for a guy that doesn't own a rig but drives for him? He is being honest, he showed everything on paper, I wouldn't mind working for him.
@@alienlatino2945 and you will go out of business. You must not realize how much it cost to run a truck. Engine failure. 12 to 30 thousand, tires 400 a piece of not more. Fuel over 3 dollars a gallon. Shop bills 130 dollars an hour plus losing money on down time. Only thing that keeps me a float doing all the work on my own rig. That company is making bank off this guy. Shorter runs like the one I ran Friday paid 8 dollars a mile. That's the problem with trucking people take cheap loads and it hurts everybody. If you do the math by the hours you are in that truck, you ain't getting but about 8 to 10 dollars an hour.
Alot of guys don't even know how to go about getting their own authority. Much less have the start up money to run their own truck. So this is a way to help establish them in this industry for future goals
Paying by the mile leads to more accidents - it should be illegal! The gov regulatiors pander to the trucking company lobby groups!
Lease trucking could work out well, but you have to be able to get loads constantly and preferably high paying loads so it's a risk because you're stuck with the lease monthly payment regardless, plus repair costs and other expenses
Don’t the company help you get loads?
I have a company that puts 10c per mile away to maintenance escro to cover any repairs.. ever if your escro isn’t at the required amount $$
Leasing is a great option for individuals without high personal debt, a stressful home situation and a solid work game plan. People that failed at it downplay it and drivers that took a different direction to eventually own a truck think their way is best. Instead of sharing knowledge genuinely, drivers have become individuals that place themselves on a pedestal. Regardless of being a company, lease, or O/O you need to know and set a bottom line number to take home. Plan your prime running lanes weekly like you plan your trip daily to increase your weekly success and do your pre and post trip. Lastly, never stop networking and learning from those doing the same albeit better or worse than you so you're constantly learning.
@Tony Davis I appreciate that.
I don't mind earning company driver wages as an owner operator for the first 4 years, because after that I'll own the truck. A company driver after 4 years is still a company driver. Leasing is not bad but it highly depends on what company you lease with.
A company driver could just save for 4 years and pay for a truck cash 🤷🏾♂️
Don’t do that. Lol. They just want u to sign a contract after that u are a slave to that company!!! If u wanna make money go for regular leasing( there is a difference between “lease to purchase” and “leasing” lease to purchase is same as owner operator u pay for everything that happens on ur truck also after signing a contract u will get coupler month of good rates but after 🗿 And leasing u just pay for truck and trailer 1200$ per week and 18% dispach and diesel. All they maintained done by company. Off season u can easily make 3000$ per week busy season 4-5k per week.
@@timkakdm hi man! What if you are no longer able to pay 'a regular lease' ? Just leave the truck and that's it? Some penalties? Does it spoil your credit score?
BTW what about rates (%)? Is it the same with 'lease to purchase' and 'regular lease'?
@@timkakdm $1200/week for truck and trailer. 😳
@@malyshevvasiliy9541 that’s is right. U just leave when ever u want with no consequences.
It seems like being a company driver is like working a government job, you don't have to worry about anything but driving and everything you do is at the expense of the company even though you aren't making as much money. The lease operators and O/Oers make a lot more money but they have to be real hustlers and have a little business acumen to stay ahead of the game. I guess if you don't want to deal with certain headaches and are satisfied with the pay and never being home then company drivers seem like the best route.
bingo!
Lease purchase - Great for trucking companies. You pay for the truck, they make profit off your work.
If you notice on the one other video it's like a cartoon explaining how a lease op works, the figures dont add up
Well of course they do. they have to run a business, the lease driver does not. If the lease driver would get his own authority after he pays the truck off he'll be able to make double that if he knows what he's doing. But still a 15 day paycheck taking home over 4k a month after taxes and truck payment is damn good for most drivers.
@@chrisdawson3175 not when your gone all the time, I work local and make over 4k a month easy and home everyday.
@@ryanpatterson5269 This is the key factor. I'm a truck driver in Toronto,Canada. I also take home $4,000/month and I'm home eating dinner with my family every day. I don't work on the weekends.
@@alienlatino2945 I'm up in Ottawa area
That lease operators pay at 2 weeks, REMEMBER he STILL HAS TO PAY His TAXES on that NET income SOO the Lease operator made much Less than what this guy is saying, Tell the truth Dude, stop misleading these guys... If you love OTR, better to stay Company or ACTUALLY OWN The Truck straight up (period) and...why are you screwing these lease ops with that mileage pay...you are ripping these guys off. There needs to be some kind of Legislation and regulations put into place, to stop these predatory lease purchase programs.
Companies don’t leas trucks to people because they love you and pay 60% more. They know that it benefits them more to lease rather than have company drivers. You take all the risk like an idiot because you get hypnotized by the gross numbers 🤦♂️
the more I talk to guys who are leasing the more I am realizing this. Especially the companies who pay them by the mile. Carrying all that responsibility they should get percentage. Pay never seems to mstch the responsibility.
Smaller companies are better.. most pay 80% of load
@@DanJ259 I guess but you still take on all the risk. I know few that people make it but most owner operators aren’t doing any better than company drivers.
Most people start getting into bad habits and load picky once they switch. Depends what you hauling too like Flat bed makes more then Van and exc...
@@mjpthetrucker9485 hahahaha you will never see the charge billing
I'm a rookie and have talked with several lease drivers ALL of them have leased for years and are happy, the guys that leased and failed were the guys that couldn't stay on the road because they had young children or a wife that they had to take time off to try to be present, but the other guys that had adult children or no commitment love it
Exactly right.
Thats low for leasing... Im going to lease where i am at and train students.. The pay weekly will be $6,500 to $7,200 weekly with 5 datys off monthly for monthly maintenace..
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
You're right mam, Thanks for introducing me to Mr Smith. People remain out of ignorance
People are scared of investing because of the high rate of scam in the business
@@pamdavou1909 There are scammers but real brokers are out there for investors
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Taxes, repairs and maintenance. Things that eat your profits. Something to consider.
Pls bring up more videos frequently, hope to be an associate driver with Ettransport sometime soon. Great!
That's the plan! Thanks for the feedback! Please share the video with other drivers.
You forgot his referral fee of $300 and to subtract taxes that he's on the hook for. Leasing from a company gets you hosed.
When you say “take home” Do you mean “pre tax” or “after taxes”. please be more specific as they may not be w2
Who paid the insurance on the truck and trailer ? I did not notice that deduction on the payments. It will be nice to see a video on what does ET transport covers as a owner operator, lease operator. We that in knowledge than we can actually do the math and know if that will work or not. It is true that some companies paid by the load over 3$ per mile but when you take in consideration that you are getting charge a percentage for it than it may not be a big difference if you get paid by miles. A lot of companies that work like it won't paid empty miles.
As a Canadian carrier how are you taking US-US LOADS? Please make a video
illegally canadian drivers do it cheaper bc they pay lower wages to their drivers
those trips are empty
I got a simple formula to know if it's worth it to work at anything in particular. Hourly wage. That's it. I expect to earn as much as a unionized construction worker which is $35/hr. If I get into the snow plowing business and work for 10 hrs I expect to make $350 clean, after paying off fuel, wear & tear, etc,etc. If I'm going to fix someone's car and I think it's going to take me 2 hrs then I will charge that person $80 bucks labor. Not including parts. The same goes for truck driving if it's my own rig/truck. I expect to make no less than $35/hr clean, after having paid off fuel, wear and tear, tolls, food, insurance, etc,etc. If I am not making at least $35/hr no job is worth it for me. If I work 50 hrs a week driving I expect to make $1,750 weekly or $3,500 bi-weekly.
But anyone driving a company truck shouldn't expect to make more than $26 an hour.
A guy offered me a flatbed job for 28 not sure about taking never drove flatbed, I'm in the Seattle area.
Notice he didn't show ANY tax deductions for any of those drivers so actual take home is wrong for every example he showed. LIAR
So for lease opp, taxes are on the driver? So 31% hold on every pay? Have to take that into effect.
Great video, thanks for the info!
Fyi the "s" in Illinois isn't pronounced by most 😊
I want to hear what it breaks down to in hourly pay. How many hours behind the wheel did you have to spend. I don't give a shit about miles.
Them top dudes were working 65+ hrs
like a 3 bucks an hour ek that
Shipper pays $ 6.00 a mile to freight broker/company now broker/shipping company pays owner operator $ 1.35 a mile
You got a new subscriber 🤞🌎
Wow... L/O at $1.50/mile? Ouch. Why do these men & women do this?! If you own the truck, you need to compensate yourself for your time PLUS compensating yourself for the risk you take related to ownership. The only way to do both is to get every dime the shipper is paying on a load. Either work as a company driver or buy your own truck under your own authority, don't lease/operate. It's a horrible deal. The L/O should be grossing $7,500 to $15,000 per week under their own authority.
Straight to the point I like it
The good thing about Canada is benefits and vacation pay
Hey how you doing budd I want to ask a question I wanna buy truck? And this guy you won't not make me drive out of the yard because insurance policy? What do you think
Hello Roman.
You need to turn your coffee cup around. Nobody sets down or reaches a coffee cup from that angle. On the bright side, good informative video. It would be nice if all trucking companies would put out information in this fashion.
Thanks for the tip!
Show the amount the broker paid for each of the load because $1.45 is a joke
I love reading comments from people saying how a lease purchase option is bad. Yea, it’s bad if you’re making $1.50 a mile on all loads. That’s hilariously bad. I’ve been doing a lease op for a little bit, until I can but my own truck next year.
My take home after all expenses except taxes, is $3500+ a week. Other drivers with my company who are lease operators are taking home 140k a year after taxes. But yea, the lease purchase program sucks. You can’t make any money. Right.
Sounds like a good deal, I’m in 2nd week of school and 2 more to go until I get my CDL and want to do lease operator when I finish. Is that possible ? Any companies?
@@chrish.3898 I’d recommend being a company driver for a year. And if you decide to be a lease operator, look for companies that pay you a percentage of the load. Don’t do a lease program if they just pay you a flat rate, say $1.30 a mile etc. it doesn’t make any sense.
It costs me about $1.10 a mile to drive the truck. But I book freight that’s paying $2.50-$4.00 a mile. So that’s why I’m able to take home $3000+ a week. If you’re just getting paid a flat rate on all loads as a lease operator, you’re really getting fucked on income.
@@davidthompson184 Man thank you I appreciate the help and advice, I screenshot your reply so I can remember to look for when that time comes. I’m just excited to get out here in my new career
@@chrish.3898 to put give you an idea, I got my CDL through swift. Make 60k the first year. Left swift, made 100k with another company my second year. My third year, I made 150k (after expenses) as a lease operator. The money is out there. Just navigate it the right way etc. 🤙🏻
@@davidthompson184 my company lets me get on load board and pick my loads.
Have you ever done a video about regional drivers?
Or drivers home every day or every other day
About to buy a truck and start in this biz.... should I lease on to a company to get over that 90 day hump before I can book a load with my own authority ?
I think small private carriers are the best way to go. I'd love to share my stubs, and work week with you.
small carrier...small pay
@@robertjhilliard2403 I was making a six figure income working 3 days a week. The large corporation that bought us out didn't want to pay more than 50k a year.
@@Chris.christiansen.84 I’m leasing with small company.they pay me 90% of load. Only 1022 monthly on truck payment and 2675 on insurance.and 1600 a month for truck rental
The camera is constantly refocusing on the numbers and is at an angle that puts the reader/viewer at a disadvantage.
Do any of your truck payments get reported to the credit agencies.
Seems kinda low for a company driver. This is biweekly pay or weekly?
bi weekly
This video was good ... unfortunately he’s running a business soo your not going to max out with more pay
2300$ for two weeks OTR??? Does he have 2 months experience?
Stop abusing drivers
I make that or more doing home deliveries in my 45 footer m - f
Be your boss-most people want to talk you out off being a truck operator
Oklahoma has one the top truck drivers pay in Oklahoma with the demand super high for drivers it can be done
I’m a truck operator and I make 7,000 in 4 days and I mostly stay in Oklahoma only sometimes do I travel to fort smith Arkansas but if I haul a flatbed I will make 8,000 in 3 days. It’s there to be made most truck operators make on a average over 119,000 a year
If you don’t believe me google search truck operators…and you will see the numbers and that’s before gas prices went up. Believe me I make more than that a year. Every week I work Monday thru Thrusday. I have 3 day weekend every week and when I go on vacation I go on a two week vacation
I like to know how to meke and save in the next program thanks
I was grossing $1.25 a mile with my own truck in 1993 ! what lease operator would drive for $1.45 in 2020 ?
and as has been pointed out, if this russian guy could make more money by owning all the trucks and paying them as employees, he would be doing that.
Company driver 2600
Lease operator 4100
1500 more for two weeks. So LO will have to save for 1000 for sudden repairs of truck. Making 500 more than company driver in two weeks, no thank you. Debate anyone?
My brother is an O/O, and bro you are correct, not only that but most companies cut miles and pay and when you try to leave they hold money under false pretext. And they give low paying loads or dont give you enough miles. All these companies will never let you make money, if you have a good cheque, you next cheque will oddly be super low. I have always made more money as a driver than 99% of O/O, and if they make slightly more, its not really worth it as in a single breakdown you lose thousands in hotel tow food transport etc. As a driver there is no headaches, my brother only started making good money now as he got his own authorities as most companies shaft you hard. Plus ET looks for schmuks that will lease their pos used trucks, and u cant leave until truck paid off, whereas by then truck is garbage. Better to drive company and leave headaches for company, you want to make money for work, as an owner operator there is a very good Guarantee you will pay them to work for them lol.
By the looks of this video, in the current economy they looking to dump their trucks expenses on newbies coming into this industry
Jamal Muhammad u r right. I am going thru same Situation right now. Company is holding my four weeks pay for no reason. They are under MTO audit and not operating at the moment but I have confirmed from sources there is no way they should be holding pay. Being OO is like getting screwed big time and bringing your own bed and lube as well 😂
So you are saying that the money you will earn as an owner operator, are going for repairs??
My question is: Are you going to use your own truck or be in lease program? If you are going to use your own truck and you know the condition of your truck yes I agree with you, but if you are in lease program you are purchasing a brand new truck and you no need to spend money for repairs at least for two years. Just I have to mention for all the brand new truck you have warranty depend how much money you want to invest to extent the warranty. Yes maintenance and oil change according to the miles you are going to put on this truck you will be responsible , which is approximately every 40,000. -50,000 km and will cost not more than $450 in the dealer. I don’t know for what kind of truck you are talking about to spend $1000 repairs every two weeks!!!!
We are in this program for more than two years now, and is the best decision we make so far, very happy, no more truck bill repairs, headaches gone!! If you are dedicated and you willing to be on the road with brand new truck, I am telling you the miles example in this video is the minimum, this company will keep you busy if you willing to work!!
100% suggesting leasing program with ET company, if you want to be Owner Operator!!
This video is not talking about other companies, that’s why ET Transports make a difference, this company does direct deposit bi-weekly, and never delays on the payment!!
But u are not taking the taxes out of the lease driver to my math the lease is still make a few hundred more per check but obviously alot more risk I say get all the numbers before committing to either
I don't know how I ended up getting the link of this video by email, from author himself, but he goes my question...do you hire drivers from overseas?
Good short informative video 👍
takehome, is that after tax? We got this employer tax here that goes on top. soo, is that the same as what you get in your pocket, done and done?
We got taxes on taxes and taxes on top of taxes over here so, just curious.
Hi, i have been watching your videos, and learned a lot, thanks for.
Just one question, i will not be a cdl driver if i am not a us citizen. Thanks
What software do you use to pull that data?
Yes hi I’m axing about the leasing boardroom so actually I’m a driver and US so that you have 2 to do the agreement in Canada actually I’ll be working in the US let me know if you’re coming thank you
Hey, do you hire foreign workers, too?
Seems like both are make just about the same cuz the lease driver have to deduct his taxes,so the pay is almost the same but only difference I see is the lease driver will own the truck eventually that’s the only difference I can see
Very professional thanx.
Can immigrants be apart of the lease program?
I have a question. Can your owner operators or lease operators. Buy there own trailer?
This is Canadian dollar so forget it if u r in USA
very informative video!!! 😉👍
Glad you think so!
Hello guys I am just take g1 when can I take AZ or BZ....
He forgot to mention after the lease ends, you need close to 60000 to 80000 saved up to buy that truck. Correct me if I have got the numbers wrong.
Nope! At our company, it's a 1 dollar buyout.
@@NorthAmerican-Trucking-News how is it possible? 200 000 Cad truck for 48mnths with only 1%rate comes to 4250 mnthly payment with zero buyout.. Make a video with details about your lease purchase program, thanks
Not bad if your home state has no income tax otherwise the burden is shifted on the driver
As local I make more then these company drivers make over the road
Same here but I’m considering buying my own truck cash and leasing on with a company
Hello! Best regards, I got a cuestiones, this company is hiring for colombians truck drivers? Please let me know, I am looking for. Thanks for YOUR attencion!
Check Bulk Carriers. They hire foreign drivers
What after the lease is over after 36 months?
I don’t get why the lease operator is paid three times what the company driver is paid per mile. Even after the lease payment, the lease operator takes home $1000 more than the low end company driver.
What's the cost for a brand new kenworth w900
about 175k
So they get paid bi weekly
So which contry
The cost of living in Canada must be really cheap because you could make same or more working locally in most of the big companies out there R+L UPS Pitt Ohio 10 roads Sutton etc most of them pay between $25 to $39 an hour at least in Illinois they do and with 60 hours a week you'll be making same or more
Hello, I am from Iraq. I work as a bus and truck driver. I have 15 years of experience in this field. A certificate issued to me in 2000. I want to work.
Damn bro you need to update your cameras Consul not giving into Focus extremely annoying
Do you have us authority too.?
Great how long did it take for each to make that weeks a month wtf
The settlement is much more because it's a 1099 and they the company don't take out your taxes
So these figures are weekly or biweekly ??
Biweekly!
@@NorthAmerican-Trucking-News where are you guys located out of, could be interested in the near future.
@@ryanpatterson5269 We have terminals in Toronto and Moncton, would love to hear from you when you're ready Ryan! You can apply for our website at ettransport.ca :)
@@NorthAmerican-Trucking-News hi! Does it matter where an o/o lives? Will you be able to get busy an Alberta resident?
Are lease operators and owner operators paid 1099 or W2? I am a rookie driver and trying to make sense of whether it's worth working 1099
1099
Thank you
Thank you for watching!
That lease option is horrbile 🤦🏻♂️
If I have only pr can I cross the border and become a truck driver?
What does 54P2.40 mean in mileage?
where do you see that?
$5492.40. He made a weird 9 to correct what was probably a 1.
@@dchawk81 He makes weird 9's like my grandson
Didn't include taxes on lease operator
A new Lease video comparison is coming out next week, i will talk about the taxes. thanks for the comment.
So what about the taxes deduction :( as an owner operator
A new Lease video comparison is coming out next week, i will talk about the taxes. thanks for the comment.
Great video sir. My brother and I are looking to jump into the freight industry and I would love to get some input from in that regard. How May I reach you besides here? Much blessings.
I would never lease a truck. Buy a 2007 or older truck and pay cash.
Once u do this do u think u can successfully make money leasing on with company?
Sadly, this won't work in California with the emissions laws
@@westcoasthustle6133 soon California is no longer gonna be part of America anyway
@@25blacksnow what is their emission law?
Why would you rent a job? That's exactly what you are doing when leasing a truck. Take the time to investigate yourself.look at how many companies are doing a rent a wreck program and look at the percentage of people that actually complete the contract. The idea for companies to flease is to cut their cost and their exposure.its not to help you become a o/o they are just trying to get you to pay their bills on their equipment. Call these companies ask them a simple question ask them can I take your contact to a lawyer for review before I sign. Second ask them their percentage of contract completions. Third ask them if you are allowed to move the equipment if you are not making what they claim you would. You will find out real quick you are just a company driver with a truck payment on something you will never own..most of the flease companies the only difference between company an lease as far as money is ones a W2 with benefits and the other is a1099 without benefits. I seen way to many lease ops bragging about grossing 10 plus k a week and bringing 2k a week home after cost. Not trying to break your bubble but that's 12 percent more than most company drivers and once you take out taxes and purchase your benefits your actually making less.
Sir can you tell me How can i do a driver job in canada
Thats not no damn money ... I make that local working 5 days a week
New truck driver here. How much are you making and how much experience did/ do you have to make that? I’m looking at going local with a year of experience but I don’t see any jobs paying even as much as I was making OTR with no experience.
Interesting.
But lease op in my opinion is not worth it.
I actually make 3k to 3.5k every two weeks as a company driver.
Daily pay is where I'm at and is where the Industry need to go.
NO SIR your NOT transparent as you claim. Show full tax deductions and then for company and lease drivers then you "might" be transparent. I've been driving since 1994 and he was still in preschool.
Can i get a job offer in ET Transport
The pay scale in Canada sucks. And the dollar is worth even less.
Granted I have my own authority and insurance, but I would quit if this is all I was making
Feeder driver for UPS and I'm home every night and make over $40 &hour anything after 8 hours is $60+an hour im happy where I'm at
That's way to many mile. And the paychecks SUCK!
I take 3,600 every two weeks as company before taxes and medical
What company are you with?
Lease a truck is probably the worst idea. Might as well buy it if you wanna make more money.
Excelente
Lease operator no income taxes or social security taken out
ya better go back to school.....no free rides allowed
Nice......sir
After 36 to 48 months you will own the truck and have about an extra $3000 a month.
after its paid off you have junk thats needs a full rebuild
@@robertjhilliard2403 you probably never did a lease