BIG UPDATES!!! Onward to Landstar. Week 19 Knight Transportation Lease Purchase Pay.

Link to the Lease Profit/Loss Spreadsheet
docs.google.com/spreadsheets/...
Blank Template Lease P/L
docs.google.com/spreadsheets/...
Interested in Becoming a truck driver? Want to drive a tractor trailer for a living? Want to get paid to see the country? Knight Transportation Offers Dry Van or Reefer. No CDL No problem. Knight offers a CDL School. Click the link below to contact a driver recruiter.
knightfriends.com/177155
Link to the Lease Analysis Spreadsheet.
docs.google.com/spreadsheets/...
Google link to the company pay spreadsheet. It was converted from Excel to Google Sheets so some formatting issues may have occurred.
docs.google.com/spreadsheets/...
Blank Company Driver Spreadsheet
docs.google.com/spreadsheets/...
Maintenance Cover Word Doc
docs.google.com/document/d/1j...

[@churcr2007]

I think continuing the spread sheet as a lease operator is the best option until you make the switch to Landstar. I Currently work for Knight as a company driver and I am in the process of financing a truck to lease to Landstar. you are the reason I went to Knight after the local company I worked for lost a big contract.

[@Flower2836-d1q]

One thing you cannot account for as Leasing or an O/O is the Stress. The Stress of expenses or taking time off. Right now Company Driving is the best option

[@christophercampbell9851]

Grats on becoming an o/o! It was nice meeting you in Phoenix last week and getting to talk to ya a bit. Glad I had the chance to meet ya before your new adventure! Take care -Chris

[@raykrv6a]

Nice video. I like the numbers, no bullshit. It is what it is. LoneStarTexasRanger runs for Landstar. He owns his current truck and is doing a lot better. He seems to be running a lot of heavy loads. I would check Landstar trailer closely and make sure the tires are good. I would copy the spreadsheet and adjust it for O/O. Hopefully you can get closer to 3 bucks a mile with Landstar.

[@mikehart4357]

Time to think about a getting an APU to help cut your idling time now that you own your truck. Thermo King has a tripartite and also there is one out there called Green APU. Just a thought for the future, take care.😊

[@truckingthesevenseas]

I put a generator on the back and an AC inside... I'll show it off in a couple videos I think.

[@mr3000gtman]

Good job driver. Being a true o/o has its challenges. I'm interested in following your journey to landstar. I've considered them myself but haven't pulled trigger.

[@danielkochinski7661]

Nice news!!! I wish you very good luck and a lot of success!!

[@mikehart4357]

Great to hear your doing well and will look forward to see you driving for Landstar. I'm sure you have done your homework concerning Landstar so be safe out there and take care.😊

[@mrrpepsi24]

Congratulations, good job, Keep on Trucking !

[@ismaelcortez9008]

Congratulations brother 🙏

[@raymondespinosa4558]

Congratulations on paying off the truck 🎉

[@truckingthesevenseas]

Thank you!!

[@rich-mp6dm]

Congratulations and best of luck to you and your family with your new adventure.

[@truckingthesevenseas]

Thank you! Will do!

[@kfekadu55]

Can’t wait for you Landstar Videos I was there till last year but I failed to secure an agent with consistent loads. The load board dried up and couldn’t get loads for more than 2.00 per mile. If you can get a trailer with lift gate it would give you unique advantage while their prices are cheap. Also talk to other Landstar BCO’s on how to get an agent with consistent freight it will make all the difference.

[@stevend8656]

Congrars on paying off the lease truck 🎉 You're right.. it's very rare.

[@robertyoung276]

Congratulations 🎉 Hopefully I will be paying off my truck soon.

[@User4622Vp]

nice!! great job brother!!!

[@jodiholbrook3229]

Good news for you and your business. A close friend worked for Landstar pulling a flatbed step deck and did a very good business until he gets retired a year ago. It cannot be worse than what you’re doing at Knights anyway. So good luck and let us know how thing are going on for you.

[@412hwc]

congrats man!! hopefully u find a good lane...if landstar doesnt work...dont give up theres a million places u can take your trucc

[@user-ob6fn1bn9k]

Congratulations and keep up,the great work.

[@truckingthesevenseas]

Thank you! Will do!

[@lynntannehill2808]

Congrats

[@lynntannehill2808]

I am happy for you

[@kengreskamp]

Cool news ❤

[@ThatOneGuy-hp2pb]

Nice work grind it out

[@truckingthesevenseas]

Always

[@tyrellcarver7075]

Congratulations on the purchase of the truck. I'm looking to do the same. Gotta get in a lease program first but best wishes to you

[@nattydreadlocks1973]

Say NO to lease purchase. Save your money and buy one.

[@truckingthesevenseas]

Thanks, you too!

[@TruckerTrashTammie]

With the company 401K. And the match on social security and all the benefits you're losing. The company drivers are making more in the end

[@ppbutler1967]

Congrats on Owner Operator and moving on to LandStar! Did you get $5.5 million for leaving Knight like David Jackson? 😃

[@truckingthesevenseas]

No.... They might give me a hat if i ask for one though

[@Layitdwn]

Gone take about a month to get onto Landstar maybe more

[@ArmandoPerez-tj7bc]

Congrats in purchasing the truck. Doing the math at 35% percent Landstar versus the 1.71 a mile Knight pays you would have to make an average of 2.30 or more to make more money not talking all the factors into consideration such as fuel discounts, which I have heard are pretty decent with Landstar. I would think you will probably be better off with Landstar, especially once the market start turning a bit in April.

[@landriver1]

Landstar is a REAL struggle right now.

[@djvega05]

Congratulations on your Nexr step…. I have a question how do I get the little truck the one is Traveling on the Map is that trough an app if you can tell me thank you

[@truckingthesevenseas]

Travelboast App. In the app store

[@DarrkMane]

Very nice. Congrats. Are you able to disclose the balloon payment info / actually purchasing the truck out right info?

[@truckingthesevenseas]

I paid it off early enough there was no balloon payment. Not sure when the balloon kicks in tbh. I did ask but the lease coordinator wasn't sure either. Its some sort of calculation. Seems like very few people actually end up buying out early so the lease coordinator wasn't sure.

[@DarrkMane]

@truckingthesevenseas Good on you. Further down the road, I think the lease program would've just kept going on negative. Glad you came out on top.I hear Landstar is very good, & they specialize with hazmat loads if you have your endorsement.

[@bmhtransportllc]

Just curious how you're saving for maintenance and taxes or how that's factored in to your revenue?

[@djbolandTrucking]

i think you would be better on spot market 80 % landstar is 65% with lots of fees they nickle and dime the o/o and its a closed load board all the good fright never hits the board but good luck

[@ThatOneGuy-hp2pb]

With the fuel surcharge it comes out to about 69%. Landstar has very good freight hitting the board.

[@user-gu6zb7bt4s]

Being you chose to to be your own bank to pay cash for your truck are you going to make payments to yourself since you invested in a depreciable asset otherwise in 3 you'll have a truck that is worth less and less cash on hand

[@ACope655]

Landstar is suffering from the same pain every other trucking company/brokerage company is suffering from. Low RPM. Best to fund a landstar agent to work with who has consist loads which pay more than the loadboards. In orientation ask how to work with other loadboards other than Landstar's.

[@kfekadu55]

It’s real important what you just said but it is a challenge to find decent agents with consistent loads. One advice I have is to talk to other Landstar BCO’s. Everyone is friendly and they WILL now someone to help you out with loads.

[@redcauthen771]

Good you bought it out right, sounds like some good poker ♣️ plays. 😬😬

[@michaelkane732]

how much was the truck?

[@MidwayGuy]

So, in conclusion you earned $6k more over 19 weeks leasing with Knight. But, what are health insurance, dental, 401k, and any other benefits worth? Cash is not the whole picture.

[@Hobo4Life]

That’s what he’s not giving the numbers for, sad part about it I’m making around the same as him as a company driver where I’m at..all the insurance and taxes are out

[@MidwayGuy]

You hate to see a guy work so hard and break even. But, he's still pretty new to this and learning, maybe he'll make more money at Landstar.@@Hobo4Life

[@MidwayGuy]

Are you going to drop and hook with landstar or lease your own trailer and get live loads? Reason I ask is it seems like equipment is relatively cheap right now. Curious what your plan is there.

[@truckingthesevenseas]

Lease from them. You get access to their D/H along with their spot market as well. So overall more loads. But I did consider buying a trailer given the prices...

[@MidwayGuy]

Good luck! Looking forward to hearing about your experience.@@truckingthesevenseas

[@dmallard7]

Quick question! Did you do a one year lease to purchase through Knight?

[@truckingthesevenseas]

It was a three year but you can buy it out early. Which I did

[@dmallard7]

@@truckingthesevenseas I see what you did now and congrats on purchasing the truck and leasing on to Landstar. I hope to be there around this time next year.

[@redleader]

Wait....so did you pay off the truck? OR did you purchase instead of Lease? Im just trying to learn. thanks. Good Luck w Landstar. Lots of good stuff over there.

[@truckingthesevenseas]

I paid off the truck in full. Now that I have paid it off I am no longer leasing the truck. I own it. Same idea as a car lease from a car dealership. Leased a car at first... Then later paid it off...

[@user-ob6fn1bn9k]

Why Landstar and what Lane are you going to travel

[@truckingthesevenseas]

Pay percentage rather than by the mile. Dispatch yourself. Large freight base. Wherever the best loads are...

[@Hobo4Life]

@@truckingthesevenseas good luck with Landstar, need your hazmat and the freight rates are low the brokers are very hard to come by with good freight

[@412hwc]

is that trucc paid off or did u finance it?

[@truckingthesevenseas]

Paid off

[@412hwc]

@@truckingthesevenseas GOOOOOOD FUCCCIN SHIIIIT BRO!!!! i am happy af for u! u seem to have done that fast as fucc.

[@RussellParker]

Your grand totals are meaningless when you don't include the time period.