HOW I GOT MY SFI TRUCK | SFI PROCESS

HOW I GOT MY SFI TRUCK | SFI PROCESS
IF YOU WOULD LIKE TO USE ME AS A REFERRAL:
MY NAME IS KENDALL OLIVER
DRIVER CODE: 1204000
SFI REP: MIKE TISCH
PH:920-357-2500
SNI RECRUITER: TAYLOR MULLEN
PH: 920-592-6198
THANKS FOR WATCHING!! IF YOU HAVE ANY QUESTIONS HIT ME UP!
-INSTAGRAM: @FB6BOYY
-TIKTOK: @_LIFEOFKO
-Email: [e-mail]
#owneroperator #schneider #sfi #otr
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[@DirkTrucks]

If you really want to own the truck at the end (this applies to new trucks), SFI will allow you to extend your lease for another year. Doing that will reduce your balloon payment to own the title. Between that extra year lease extension and NOT using your maintenance fund money (pay that shit out of pocket), you should end up super close, if not more than enough to clear that title without paying anything out of pocket. Lots of people have done it this way.

[@LifeOfKO]

Yea I pay everything out of pocket myself now. It’s a lot better that way

[@bidenwearsdiapers4026]

Pro tips (from a fellow IC driver): (1) do your best to pay for all your PMs, brake jobs, etc., and if possible your tires out of your own pocket rather than utilize your MMA. (2) Get multiple fuel cards rather than solely rely on Scheinder’s fuel card/fuel discount. And (3) Keep your highway speed at or slightly under 65 mph.

[@LifeOfKO]

Appreciate that driver. I have a few cards now. Schneider discount is inconsistent so I don’t rely on that.

[@mikeduncan5932]

Why do you suggest paying for all repairs and PM's out of pocket rather than utilize the maintenance account?

[@theNATURALLYunique1]

Lol, people thought I was weird when I didn't use my MMA account... I pay everything out of pocket... I'm just letting that money add up to help pay off my truck at the end of my lease... my lease ends March 17, 2023..

[@bidenwearsdiapers4026]

@@theNATURALLYunique1 hell yea brother. 🤘

[@bidenwearsdiapers4026]

@@mikeduncan5932 because you can use your untouched MMA to pay off your ballon payment at the end of lease. Unless of course you’re disciplined enough to set aside $150-$200/wk in a savings acct you won’t touch during your 3 year lease.

[@Imissmusicvideos]

After 3 yrs that's $194k in payments ($59k buyout), but with a 4th yr option your at $259k and u still have to come up with $20k to get the title. I know $59k is a lot but you could save $26k with the buyout. I guess if you want the peace of mind and warranty that comes with a new truck than this is an option. Personally I've always purchased a used truck, never leased. Didn't want to live in it for 2, 3, or even 4 yrs in order to pay it off. Got a 2017 now, looking at buying a 2020 this summer. Thanks for the informative video.

[@LifeOfKO]

I agree with you 100% it’s definitely a lot of money to spend. It’s a good start if needed but long term I don’t think it’s worth it unless you pull the truck from them at the 18 months and go through a bank

[@kentrellhicks5257]

@@LifeOfKOYou’re referring to refinancing the truck right??

[@LifeOfKO]

Yes

[@DirkTrucks]

I made the mistake of ordering a specific color and trim - a blue premium. Big mistake in hindsight. It took 4 1/2 months for the truck to come in and because it was ordered for me, I couldn’t switch to something in stock. I had to wait. If you want a truck sooner rather than weeks or months later, be open on color and trim and let them tell you what trucks they have to choose from when it’s your turn on the wait list.

[@JK-hp7st]

Super helpful bro..... i wanna turn Owner op next year

[@LifeOfKO]

Go for it man. It’s one of the best decisions I’ve made.

[@mellymel2922]

Thanks so much for the video boss.be safe out there

[@LifeOfKO]

Anytime bro. Stay up 🙏🏽

[@glockumentary7719]

I was going to go the same route you did with sfi and Schneider but when they said 20k down I was like no sir I’ll just finance

[@LifeOfKO]

Sheesh lol. I don’t blame you

[@tallguytrucker7864]

I've never heard of someone needing 20k down on a truck. Why was it so high for you

[@glockumentary7719]

@@tallguytrucker7864 idc that the bs sfi told me something about them not have any trucks at the time I was considering them

[@LifeOfKO]

@@tallguytrucker7864 that’s a general number they give you if you call in. They won’t tell you a real number till you do the phone interview

[@RidingwithDave-hd5vl]

Mike is awesome!

[@LifeOfKO]

I ageee

[@kiethmorris6306]

awesome video! thanks for info!

[@LifeOfKO]

Glad it was helpful!

[@jonathanmcnabb9153]

Looks like it's been a minute since you made this video , but wanted to say you did a great job n I hope you've done ok for yourself.

[@LifeOfKO]

Thanks boss. I turned that truck in and bought one. I’ve been doing good though.

[@truckingeveryday5703]

Did you stay there or go somewhere else??

[@LifeOfKO]

I just left

[@corspriggs6758]

Great video bro…Do they start taking your truck payment the first week or is it a grace period when you start

[@LifeOfKO]

Grace period. It’s about 3 1/2 weeks no truck payment

[@hailea726]

Thanks man. You the boss! Do sfi ask that you lease with certain company or you can just pick from load boards and go with your own authority?

[@LifeOfKO]

You can go with your own authority. They charge a high down payment though.

[@JatinderSingh-rw3tq]

How much your gross? Did you pick loads of your choice? How about truck governor speed limits? Did you have health benefits?

[@LifeOfKO]

I go over numbers in my videos boss. I run off a load board. Truck not governed. I have my own health insurance.

[@JatinderSingh-rw3tq]

@@LifeOfKO thank you bro

[@LifeOfKO]

Anytime

[@jayzee2882]

Basically they sold you a truck for 246k while they gone make more money on you running for them for 3 or 4 years gosh do you guys know how to do math at all !!!!! Plus why would you pay for maintenance account when you buying brand new truck that have 5 years warranty on it 😒

[@LifeOfKO]

🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️. Warranty doesn’t cover everything. So a maintenance account is smart. It’s your money not theirs. If you pay the truck off early you lose nothing. It’s the same way if you go to a dealership and pay for a 180k truck for 6 years you still paying hella interest on the truck in those years.

[@colajenkins7750]

Do you get to take the truck to another carrier if Schneider doesn't work out? Who was your rep?

[@LifeOfKO]

Yes you can. Mike was my rep. I put his info in the description box of my videos.

[@evanoliver44]

I got the agreement from SFI my question brother how is the work?do u encourage me to get it because I heard a lot driver complaints no money no profits is that true? Thank u bro

[@LifeOfKO]

Everyone situation is different. So far I’ve been doing good here.

[@Autumn_moon1111]

I am an owner operator already so if I pull for schneider, do I use my own Mc# ? Or will I be working under their MC#?

[@LifeOfKO]

Working under theirs.

[@Autumn_moon1111]

@@LifeOfKO okay… what happens to my MC# fir the next three years?

[@LifeOfKO]

If you have your own then idk the process for that boss. Idk if that’s power only loads or what. That I’m not sure of. I run under their mc

[@never_again1776]

I will not use SFI again, they will charge additional deposits, up to 10K, if you go to another company than Schneider. They never disclosed that ti me. Trust me, you don't wanna OO for Schneider

[@LifeOfKO]

Schneider been great for me over the last 9 months. I heard all the stories but I’ve had a good experience so far.

[@never_again1776]

@LifeOfKO glad to hear it. How many trailers have you had to chase with out of route miles exceeding any profitability? How many loads have cancelled or changed at the last minute leaving you with scrap loads and zero profit for the week? How many times have they lied to you about following company policies that don't apply to OOs? How many times have you had to deadhead over 300 miles to get a load because their market is garbage?

[@LifeOfKO]

Honestly boss. I don’t deal with none of that. I’ve never had to chase a trailer. I’ve had a few loads get pushed back but I’ve never had a week I didn’t take home money. I run the same areas and mainly the same loads each week so I’ve been good. Sucks you had a bad experience but so far it’s been okay.

[@onceagaindc]

You made some pretty fucking strong points man. ​@@never_again1776

[@nisamoyer1019]

anyone interested my husband ended up putting down 500 for a 2022 freightliner so it seems to be really different for everyone

[@LifeOfKO]

Yea it’s different for everyone. Especially now. They basically giving them away lol

[@martinortiz4547]

How many miles per week do you run? Do you make enough to pay for the truck and take money home? I am looking to get a truck from Sufi and lease on to Schneider.

[@LifeOfKO]

How many miles I do I honestly don’t count them. I take home more than enough. Check out my other videos I show my take home amounts after all expenses.

[@joseoyervidez311]

What's your weekly net after truck payment insurance charge and your dispatcher fees%

[@LifeOfKO]

Varies. I have numbers in my videos boss. We don’t get charged a dispatch fee

[@ecoluhur2114]

Nice KO

[@jasoncunningham4389]

1100 a week?!?! Are you able to make money with that payment?? If you can give real numbers in your pocket. Unless they give you the fuel your RPM to operate has to be in the 1.50 range and with prices like they are, big nut to crack. TYIA

[@LifeOfKO]

I give numbers in all my videos boss. Check some out. I make great money even with the payment.

[@gbofarms7936]

What was your credit like when you applied to SFI?

[@LifeOfKO]

Over 700 but credit isn’t a big factor there. They only check to make sure you don’t have no repo’s or back child support

[@ajkhauling238]

Can you do loads from and to Richmond Va with 200 radius

[@LifeOfKO]

I’m doing load board videos. I’ll include this in one of my videos.

[@larrysantacrose]

Green Bay is the headquaters but that O.C has nothing.

[@charleswhite2773]

You should have done Your homework before hand sir. You should have leased on with another carrier because your only getting 65% of the load.

[@LifeOfKO]

???

[@HollywoodCane]

If I have a felony on my record , would I be able to get a truck from SFI & lease under Schneider?

[@LifeOfKO]

That. I’m honestly not sure with boss

[@stevenmchenry9276]

If its about 7-10 years old

[@blakewoods85]

What's the warranty on your new truck? What isn't covered? TIA

[@LifeOfKO]

Everything covered except preventive maintenance things. Tires etc. 5 year warranty

[@oscarkamau9603]

Got a question whats the difference between percentage pay and all in revenue

[@LifeOfKO]

I’m not sure the difference in the pays but I know the all in shows you just what you taking home and the percentage board gives you a break down of everything you getting paid for. I’ve heard they are almost the same when it comes to pay but that’s just what i heard. I’ve never seen the percentage board.

[@Supertrucker66]

Dammit. That’s you paying over 240k at the end of term plus you still owe 59k.

[@LifeOfKO]

It’s like 240 total

[@joseoyervidez311]

Can you bring soemone for a team driver ?

[@LifeOfKO]

Yes you can run teams here

[@AJTrucking24]

How come do you need your LLC if you are under shneider authority? Just curious

[@LifeOfKO]

Need a business account. Only way to get a business account is to have a llc

[@marvinrobinson9289]

You still working for Schneider how much you take home ofter bills

[@LifeOfKO]

Yessir. Around 2-3k depends on the week

[@marvinrobinson9289]

Can I have your contact

[@unknowperson]

Do you require to hace a camera inside?

[@LifeOfKO]

It’s a dash camera

[@evanoliver44]

I have other questions can I change later from Schneider to other company?

[@LifeOfKO]

You can but you’ll get charged to do so.

[@Speak_ownit]

What the early termination cost?

[@LifeOfKO]

6k

[@RumbleFighterZinie]

Hey bro I just got approved for a truck and I’m closing in two weeks. My truck payment is 900 and my “maintenance fee” are 135. What is the benefit s of the maintenance fees? Do they pay your repairs? I tried to contact sfi but sometimes it’s impossible to get through lol

[@RumbleFighterZinie]

Actually my truck payment is 937. & my MA is 226 a week. Please help whenever u can

[@LifeOfKO]

Congrats. Yes you can use it to cover repairs or save it till the end and use it to pay off the residual payment at the end.

[@BrazeMark]

@@RumbleFighterZinie is it a used truck and how long is your lease term?

[@RumbleFighterZinie]

@@LifeOfKO thank you bro!!

[@RumbleFighterZinie]

@@BrazeMark 2021. 2 years

[@billymadison1466]

1103 a week is insane y’all are crazy paying that

[@LifeOfKO]

Money management boss. 3 vs 6 years. I’ll take that all day.

[@billymadison1466]

@@LifeOfKO more like a slave to a truck you likely won’t own

[@LifeOfKO]

@@billymadison1466 if you say so. I’ll make sure I find your comment when I have the title. Pro tip: You don’t have to work hard when you know how to run.

[@adrianhaynes3347]

What all documents do they require besides running your credit?

[@LifeOfKO]

I think that’s it besides the background check and the phone interview and the deposit.

[@LifeOfKO]

@Brian Hunt no sir

[@jeffreyweston900]

It should be called the get fleeced lease lol

[@LifeOfKO]

🤣🤣🤣

[@lholland1908]

Did you take a test in someone else's truck during your orientation?

[@LifeOfKO]

No it’s in your own truck. Road test the day before the last day. You’ll get to drive your own truck.

[@limitlessaspirations2435]

Does SFI do credit checks? If so does it pop up as a hard inquiry?

[@LifeOfKO]

Yes they do. Yes it does come up as a hard inquiry.

[@hakimmuhammad6945]

On what Consumer Reports? Just One? Do they report to the Business Credit Bureau? And Personal?

[@LifeOfKO]

Just personal from what I seen. I think just one I believe. I don’t remember which one.

[@hakimmuhammad6945]

@@LifeOfKO which Consumer Report Driver you should know these things you are a owner operator. And business man! Go ask them or go check your Consumer Reports to find out this information then let us know. And also, you will know for yourself my friend?

[@LifeOfKO]

@hakimmuhammad6945 I don’t have the truck anymore. So if you want to know you can call them and ask. I don’t need that info. You do so I’m not doing the research for you.

[@abidinadiallo9398]

How much do you gross a week if you don’t mind me asking bro

[@LifeOfKO]

5000/6000 weekly

[@abidinadiallo9398]

@@LifeOfKO thanks bro for answering. And how much sneider takes out of your gross every week?

[@LifeOfKO]

@@abidinadiallo9398 it varies on fuel. My fixed cost are 1520 a week though.

[@Loanme5dollars]

What’s going on bro? I have a few questions to ask you. How can I get in touch with you?

[@LifeOfKO]

What’s up boss. I’m my contact ways are in the description.

[@ecocav0222]

What is SFI exactly?

[@LifeOfKO]

Schneiders truck financing company

[@PapiBayBay]

Hey did you do 6 months of Otr ??

[@LifeOfKO]

Been otr for a few years now.

[@Tadesse_ATL]

So basicly the final price of truck will be 231,000????? Damn!!

[@LifeOfKO]

Yessir if you wait it out the full term.

[@Tadesse_ATL]

@@LifeOfKO thanks brother. I trained at Schneider. Thinking of doing lease

[@LifeOfKO]

It’s been good to me so far. I came from prime doing lease over there

[@clarenslindor8350]

​@@LifeOfKO why u left prime?

[@LifeOfKO]

Was over having a dispatcher. Wanted to run off a load board and the governed trucks sucked. Good starter company.

[@Jiangcool9]

Quick question. How long was the contract for the used truck that’s 900 a week? And what’s the balloon payment in the end? Also what type of truck is it and how many miles we’re on it?

[@LifeOfKO]

I think it was like 2 years on it. It was around 38k for that truck ballon payment. It was a 2020 freight 300k miles

[@marvinrobinson9289]

How much is your weekly take home

[@zayybo2x79]

Bro are the tanker trucks higher?

[@LifeOfKO]

Honestly boss I’m not sure

[@stevenmchenry9276]

Probly the same, the pump might be $7,000

[@dralhashimi679]

I do the interview today they asking me to choose a company Schneider or others

[@LifeOfKO]

Yea you have to know who you going to that’s what determines your down payment.

[@dralhashimi679]

@@LifeOfKO 3000 for Schneider and 6000 if other company

[@LifeOfKO]

@@dralhashimi679 went up but not bad. I put 2500

[@ismaelcortez9008]

How much do you use to pay in prime

[@LifeOfKO]

1500 a week for everything.

[@christ_is_coming_back9118]

Dang they rob you

[@seanmaxwell5224]

Why didn’t you take your truck somewhere else

[@LifeOfKO]

Why would I?

[@brunopaula]

Did they ask for your past tax returns?

[@LifeOfKO]

No sir

[@brunopaula]

@@LifeOfKO really so no tax returns at all? thats good. I owe some $$ from 2021 federal

[@LifeOfKO]

Nope. That’s not needed.

[@shannnism]

That new truck has a factory warranty on it for catastrophic failures. Your maintenance account should only be for tires preventative maintenance and wear and tear thinks that the warranty from the factory does not cover. You probably should have stayed at prime to be honest.. FI sounds like bullshit from what I have heard so far

[@LifeOfKO]

👍🏽

[@dralhashimi679]

Can u give me his name pls ? Did they need Dot number from me?

[@LifeOfKO]

Give you who name?

[@terryb5000]

900 a week bud

[@Truckinwitit]

It’s crazy the truck prices went up 😭😭😭

[@LifeOfKO]

Sky rocket 🚀

[@jackwagon4313]

Yeah ... trucks are way up and freight prices are way down.

[@heavyjr1]

SFI told me $15,000 down and $2,000 a week. I passed.

[@LifeOfKO]

Did you do the phone interview or just call in and ask?

[@heavyjr1]

@@LifeOfKO phone interview.

[@LifeOfKO]

Damn. What company was you going to?

[@danwyllie5389]

Smh

[@koffingkoffing5654]

Thats a scam bruhtha

[@LifeOfKO]

Gotta know what you doing. It’s not a scam.

[@dt1470]

So for used truck it’s only $900 a month?

[@LifeOfKO]

For the truck. They have a mandatory maintenance account price as well it varies by truck. The older the truck the higher the cost

[@dt1470]

Ah thanks, did they have KWs or Pete’s?

[@LifeOfKO]

@@dt1470 Pete’s yes kw’s not when I got mine