U.S. Xpress Full week lease purchase settlement

[@queenpillpopper8050]

A lot of you guys are downing this guy for doing this but if this is his way to purchase a truck then good its not always about getting paid from the get go, if his business is stepup to run this way then he's good, when he's done with lease he has a truck that can run on his authority, can stay there, lease on another company, with no debt, so keep on and focus on the end game.

[@brentfleming2758]

Thanks for all the info, going tostart there in May as lease op.... you answered a few questions I had and settled my nerves on lease op decision. Thx again.

[@davidmcbride1339]

Excellent review of US Xpress Lease Purchase Program!! Great Detail and a lot of very good informtion about how to manage your money and how the settlement breaks down!

[@Armysniper360]

Man I'm talking with US now and I have to say, as a retired driver thinking of getting back into it? Last time I drove, Aug 2017, I was a o/o; owned, not leased. Told lease operators make between 1200-1550$ a week after everything taken out. I'm use to bringing home anywhere from $3000-$6000 a week- gross. If I go back, guess Ill go back as a company. Other comments are correct. You bring home some, company gets the most. Wait until you actually own the truck. Pay check is going to change dramatically! Also, look into hiring a authority. Much cheaper then company dispatch. Other then that, very informative video. Stay safe driver

[@KENAHIGHLANDER]

What is Hire Authority?

[@RobertCookdarkarts]

Ignore how I say $424 on the first load info, I know it's $425 lol I was exhausted from a full shift, I also said the truck payment was monthly, I ment weekly!

[@jamesjensen5226]

C.P.L. Chronicles I was going to say something but waited to see in the comments

[@coreywilliams1016]

Great videos! Are you still with USX

[@nccraps6189]

Do you know if you would. Take taxes out for the taxable amount looked like 4 grand or the 2600

[@davidpacholski7144]

Thats what i thought!!!

[@THEXD185BO]

Thanks for all your videos. I will be starting with CDL School on the 20th U.S. Express is sponsoring my training so I will be starting with them. Thanks for all your vids great work.

[@LinwoodPowell]

Daniel Finney what school?

[@AkiraKigRace]

I just finish run a trip from ID to FL 2668 Miles paying $10,400 . Man for sure you can work for companies as company driver and get Pay $2k-2.5k weekly

[@DarKHorsE84]

I'm 2yrs as a company driver and been contemplating heading on a lease just make more $$. I run on average 2500-3000 a week. The company I work is giving me .54 a mile after taxes I'm make about 1200$ or more. But I have not seen other companies offering more

[@AkiraKigRace]

@@DarKHorsE84 all lease company will take advantage on you . I recommend u save 15 k , 5 k will be using as a down payment to a good truck dealership to get a good used truck no more than 5 years old . Them go under someone authority with a good rate % like 13% . The another 10 k is to cover if you have any breakdown . It’s is what I did and now I have 3 trucks and my own authority . . I’m still driving one of those until I have 5 .

[@DarKHorsE84]

@@AkiraKigRace Thanks brother! That sounds so much better than a lease.

[@danielcristiangarcia2881]

Thank you so much I'm on the ch robinson account and your information is step by step .

[@Megan-cg7em]

Bond Deposit - If you are still with the lease program at week 170 you start earning back $200 a week each week til the $5K is paid back, or if you leave before the 4 year lease term is complete. The $200 goes into an account so to say, and anytime after that once you leave whatever is built up will be given back to you.

[@RobertCookdarkarts]

Great information, thank you!

[@tommycheng7198]

Thanks for the great content. Now I have a pretty good understanding of how leasing operate’s pay at US Xpress.

[@TheRealMemeKing]

2100 after taxes and truck payment * 4 is 8400 * 12 is $100,000 a year! 🎉😊💯 Keep trucking bro

[@404TruckerDave]

I appreciate your positive attitude and the fact that you aren’t slamming any company. I’ve subscribed and will be watching. How long is your lease for?

[@alvinmarsh9878]

Thanks , bro I appreciate the vids. Especially since US XPRESS LEASE PURCHASE program is so new.

[@roncomfort7423]

You say the truck payment is a little bit over $500, fine however, what about your insurance payment? What about your tax? Your tag? All of your permits? The people I work for take my truck payment out every week which is about just over $500 a week. But they also take out the insurance for my truck, bobtail insurance, the rental fee from my computer, the rental fee for the equipment that I use(flat bed equipment) Of course I'm sure you're over all fee might be less than mine but what about all that other stuff?

[@michaelscott5451]

One thing about the taxes. Good rule of thumb is to put straight 30 percent of your take home aside for taxes. In my experience you usually don't pay exactly 30, usually somewhere 24-26, but better to have it in the bank to be able to pay it in your quarterlies than to have to scramble and starve to make up for it. So for instance, your gross pay minus truck expenses is 2610.66. 30 percent works out to be 783.198. Myself I would have just rounded that up to 800 in case. Whatever the IRS doesn't take at the end of the quarter is what I would consider a "personal" bonus. So for anyone who is looking for answers to the pay, factoring in Gross wages minus truck expenses minus the taxes this driver would be looking at 1300 ish a week.

[@RobertCookdarkarts]

Good advice, I was figuring 25 percent myself!

[@josephcote8634]

You can depreciate your truck value on your taxes if you lease under an EIN number instead of your social security number. So many more tax benefits when you register as an S-corp or LLC.

[@mistailluzionthatrucker2675]

Joseph Cote correct...and tax deduction would be in the 15-17% range with an LLC !!!

[@KENAHIGHLANDER]

@@mistailluzionthatrucker2675 You should always pay yourself from the LLC. Less taxes and helps establish a basis where you can actually qualify for a home loan. You always need 2 years of W2.

[@mistailluzionthatrucker2675]

@@KENAHIGHLANDER thank u sir !

[@ConwayTruckload]

I’m not picking on you but how on earth do you survive on $1.24 per mile with a lease truck? That load probably actually pays That company like $3.00 per mile. smh

[@yellowhorse52]

I was thinking the same thing. I had a truck leased on with USX and it didn't last very long. You need at least 2.00 pm plus fuel and that is almost a break-even load. These companies fill new drivers with lots of BS. Most of them couldn't believe how good it use to be back in the 70s

[@돼지잡는손오공]

@@BMesa1 what company ate you working at now..

[@BIGONE81]

You are correct about the bond deposit bro

[@clintonchildress1787]

Thats no money I do a lot more than that but I own my truck I don't pay for there truck you will never see any money they take out they are ripping you off you can't make it at 1.00 per mile my last check for 2300 miles was over 5000 after fuel and insurance

[@stevennalls6792]

So the lease program is four years? I'm assuming you'll have about six hundred thousand miles on the truck by then? I like your video by the way

[@sharingblessings3657]

Good video!

[@whoomee525]

If your young an single go for it. This is good money. 5 days work 2 grand. Minus truck payment. But still good pay. No rent, storage, electricity, water save save save.

[@craigc515]

WHOO MEE After the truck payment it’s only $1400 and change. If you drive for a good company you can make $1500 a week easily

[@STKbk]

Wow those rate are very low ... It’s great that you are making these videos .. But at the same time these video show how companies rob new drivers ...

[@scottwest1813]

I was told, the reason for lease purchase, is a way to buy a truck. Is it the best way? I thought truck payments are weekly, around 900.00 a week. For a New truck. How 500-600 a month? You can't buy a car for that. If you pay off the Truck in 4 years, 900 a week payments, you will have a truck with over 600,000 miles on it. Will you get a Million Miles before major overhaul? I guess it's worth it, get it overhauled for 25-30 grand. Time will tell if it's worth it. At least you don't have to search for loads. Right?

[@Legend-gi3zz]

You need to ask what the discount is for TA/Petro now that your driver you get the saving of like $50 or more if you fill up at TA/Petro its usually hire then Loves that $8 in points isn't going to be worth that saving plus the showers are nicer at TA's, petro's are ok. But you should Check a Dealer ship cause that bond is just a down payment basically they call it what ever but if your paying that payment for 4 or more years you would pay over 50k more then that truck is worth without the extra mileage fee's and whatever else they are charging you! I would save up a deposit and go buy my own and go to Landstar, Mercer or after 3 years Traveloko pays 86% load pay which is usually $2.39 -$3 a mile but can be higher. On the discount you want see it on the receipt or we didn't it would show up on the charge to the fuel card is how we noticed Learned but watch trucker brown and loshawn fuel up!

[@buffdnet]

fleece purchase. settlement does not include state, fed and ss taxes.

[@jamesatwood3106]

What truck did you choose for your lease purchase? What did your truck come equipped inside with?

[@Megan-cg7em]

Non-Trucking (Bobtail): Insurance This insurance policy provides coverage for property damage or bodily injury that Independent Contractor may inflict on another party when not under the dispatch of U.S. Xpress. Non-Trucking (Bobtail Plus): Insurance Carrier - This insurance coverage supplements the Non-Trucking (Bobtail) policy by reducing the $1,000 deductible to $250 per occurrence and per line of coverage for trailer, cargo, third party, and environmental claims.

[@turgeo2004]

is this guy a solo driver? Is it possible to legally drive 3164 miles in a 70 hour period using ELDS? All carriers now have to use ELD and I am thinking of getting back into trucking via a USXpress lease purchase (did one in 2003 range and did pretty well). So I am thinking of jumping back in.

[@abrahamjackson6019]

Very informative video

[@lyfewithdeleon5738]

So I’m trying to figure out on the website does it say up to 120,000 a year 🤔

[@BrentnDodger]

It looks like after Taxes you're making the same as a Company Driver...except you have a truck at the end. I'm curious to know...#1how long was your Lease Purchase for,#2 did you get a used Tractor and if so how many miles were on it, #3 Can you pay off the Loan/Lease sooner without a penalty???

[@BrentnDodger]

How long were you Solo before teaming with your wife?

[@coreyrogers9751]

good money.. just remember the taxes

[@davidpacholski7144]

Thats what i said, after taxs whats he really making?

[@ksburner01]

Ok so if you add the taxes up at 30%, that's $1200 and that's just for federal. Then you have social security, Medicare and state taxes if you live in a state that charges income taxes. So out of your $2600 take home, you pay your truck payment and taxes. That doesn't leave you with very much money. It way more worth it to just be a company driver

[@danielloveall2952]

No worry mine does the same thing I got the same one you got the Garmin I believe it's the 770 or something like that mine does the same thing

[@hirschbachleaseownerjxlogi4151]

Us Express is ok for a beginner but after a while you will realize you can make way more than a buck a mile and run less I have lease purchase for us Express and now currently working for hirschbach I make an average take home solo 2600 a week running 2500 miles a week you will never make that at us Express unless you run teams. But if you go that route you will need a new truck and you will make double the truck payment s also stay away from T leasing at us Express major rip off .

[@terrelljones878]

hirschbach lease owner jx logistics you’re someone I need to be talking too

[@MrDpboggs]

You still at it!

[@201roadrage201]

There's 101mi between Ardmore, OK and Lawton, OK..

[@Legend-gi3zz]

Bobtail plus is Bobtail insurance so you can drive bobtail

[@mitchellcampbell3521]

Hey love your KZbin channel. I was just wondering what does the doctor do on you when he gives you and exam.

[@Tha-Maine-Owner]

How many years u have to agree on? Or in other words, how much is the trucks on average?

[@larrytowns9624]

Hi how much do you get paid for orientation? Do you get paid for training and how much? How long does training last if you already have class a license? Thx in advance

[@jamesahr2634]

Keep up good work, does u.s.express have flatbed??

[@truckersforumowneroperator6729]

Good video thanks for info

[@donking8456]

Hey just so you know he didn't make $945 you still got to pay taxes on that

[@santanasantabarbaracal2252]

SO HOW MUCH DID YOU BRING HOME

[@tfmtrueformmotivations6463]

Does US Express pay for Tolls or is that the responsibility of the Leasee? what would you say if the average take home of a leasee after expenses? I heard some say around 12-1300 Net and they still have to pay taxes on that. Does U.S. Express use a load board or dispatched? Thanks for the honest videos it helps a lot.

[@Gamingwithbamacountryboi3040]

TFM: TRUE FORM MOTIVATIONS Driver is responsible!

[@tfmtrueformmotivations6463]

Bama Boi Trucker and does not get reimbursed? It is still a tax write off but you would think it’s their freight their dime. Thanks for the info

[@mytruckerskeeper]

Usxpress lease drivers DO NOT pay tolls! They use dispatchers and average pay for me is around $1500-$1700/week. I've made more but that's pretty much average.

[@countyourpennies8474]

Is that solo or team pay? And how many days did that driver do that pay period?

[@ronbranum4134]

So is your truck payment $536 a week or a month ?

[@Pezy773]

I’m thinking about going LP on a dollar tree account is it worth it or go OTR

[@alexmath8618]

Good video

[@CRAZY_VIDS07]

Wow 800 on fuel for 3100 miles..how u do it I can't seem to do the math

[@HovaSwerve]

I've done it, maybe not quite 3100 miles, but close like 2800-2900 miles. You fill up only just enough to deliver each load, and when the pay period ends you need to fill up but you don't cuz you don't want to effect that week settlement.. you wait until next day

[@cableguy20081222]

You must make fuel millage....stay at 1150 rpm or below and you can achieve this

[@dman3531]

The gps is listening to your conversations. It has to wait for its word to be said or think it's said to respond...

[@sherryhouston7284]

Good luck baby😎

[@giemariecuenca9687]

How much the company pay you..per miles or percentage?..thanks buddy

[@angelsantiago4234]

Hey bro with all respect you better working ass 50/50 split pulling containers and you make more money I bet.

[@zaytigga606]

I'm in truck driving school currently & I was leaning towards going to us express after school is over, my question is do you pick your own loads off the load board, what's the process for picking loads at us express

[@RobertCookdarkarts]

It's dispatch loads, as a lease driver you can turn down any load you want to but I haven't had to turn anything down so far., as a company driver you can't turn down anything.

[@angiesheart8912]

Yeah join cpl Refer him at U.S express ill be joining with Cpl when i get my CDL licence

[@turgeo2004]

stay away from load boards, you will become too picky and that hurts you. it did me. They dispatch but it is not forced dispatch. Its best to accept anything they offer so you keep the truck running. If you get too picky like I did at Universal Am Can on percentage pay with load boards you wont make much. Because you will be like that too sucking on rate, meanwhile you wait for something better to come but it never does, next thing you know your sitting for several days. So I learned my lesson there.

[@404TruckerDave]

You said your lease purchase payment is $536 a month, didn’t you mean per week?

[@RobertCookdarkarts]

I did, it is weekly

[@angiesheart8912]

Good Pay CpL that is good pay already plus new Automatic semi for $536.00 lease pay... awesome

[@MrSamurai904]

I just wanted this vid, you mentioned you pay $536 a Month, are you sure it’s not a week?

[@RobertCookdarkarts]

NICHOLAS MILLER yes it's weekly lol, I said monthly but yes the payment is weekly. Good catch

[@MrSamurai904]

Yea, I was gonna jump to too. Lol. So like $2100 monthly not bad at all

[@ronwindle3244]

so how long where u in school it will six weeks cause I had 2 do General Knowledge Test 3 time on the school but I did the I on my own is that ok our no

[@MrDpboggs]

I've been thinking about doing it with us express

[@mnapier30]

Pretty much gross 3900 and take home 1000.00 for a 3000 mile week because between 950.00 set aside for taxes and then truck payment .. you are making.33 cents a mile That’s crazy They are robbing you !

[@돼지잡는손오공]

How many hours u Drive...a day..

[@alan102549]

Do you get the bond deposit funds back after you’ve paid for the truck?

[@RobertCookdarkarts]

Yes

[@662Dee]

I’m coming up on my 6th month next month and I’m thinking about going lease.. Do we get to keep our benefits

[@RobertCookdarkarts]

No

[@QueenLiyah2]

Hey how much driving experience do you recommend before starting lease program ?

[@RobertCookdarkarts]

1 year at least, enough to know what it's like on the road, as well as experience getting maintenance done and knowing how to manage fuel for each load

[@dman3531]

At least a year is true. Learning when to fuel is a plus, not just toping it off every time you fuel, especially at the end if the week.

[@davidpacholski7144]

Income taxs?????

[@gmodprodukcs6404]

I was wondering if u are still doing lease with us

[@chancewainscott3533]

I’ve got a few questions. Is there any way I could shoot you a message that’s not on here

[@georgiapod9442]

Good stuff! What kind of gps is that?

[@RobertCookdarkarts]

Garmin dezl 770

[@warriorofjehovah9622]

Do we need an accountant? Do we pay our own taxes?

[@RobertCookdarkarts]

You do pay your own taxes and yes I recommend highly that you get an accountant or use the service the company recommends for taxes.

[@sukhs1317]

what kind of truck you can lease new or used?

[@RobertCookdarkarts]

Used, Freightliner cascadia 2016 models.

[@sukhs1317]

C.P.L. Chronicles Thanks for the info.

[@elwyncarrol3883]

Is your truck payment weekly or monthly

[@RobertCookdarkarts]

Weekly

[@redran1000]

What about insurance

[@mountaindewmannumber]

sir. been watching your videos. how did you get started. did you have money saved up. before your first fee months out like just in case tires pop. i applied for the lease option an waiting for the green light. my wife is all negative about getting into a lease sayin I should have ten grand before i sign anything. I'm doing it because I'm making Jack as a company. an want my own truck. give me some advice

[@RobertCookdarkarts]

You don't need any money saved, the first 3 weeks there is no payments so everything you makes is yours, solo you should bring in 3k plus a week during the first 3 weeks. So you will have somewhere around 10k in just 3 weeks.. After that the payments kick in you will average 1200 to 2k a week depending on your miles..

[@Dearden2007]

I don’t see insurance

[@karanveersidhu3857]

how much you earn from this truck?

[@RobertCookdarkarts]

Grossed 238k , that's everything including fuel surcharge and bonuses and training pay.. I'll let you know the net pay once I get all taxes done

[@itfitzdatrucker1073]

How long did u have to work for u.s. express before u signed on for lease purchase driver?

[@RobertCookdarkarts]

You just need a minimum of 6 months otr experience with any company to apply for a lease with usx

[@adminwood7410]

Wow I’m following you on KZbin and was just about to ask this question.. Prime allows you to do lease program straight out of training after you finish 20,000 miles which is like 2 months

[@Oluwafemijourney]

I’m looking to do lease purchase with us express

[@Gabey_inc]

$1.26/mi doesn't seem cute

[@briancapps9344]

don’t be stupid enough to do a lease purchase

[@bobbygable3891]

$1 a mile bahahahaha luven on ramon noodles

[@spaceghost8995]

Get out now.

[@DPG_LIVE]

man is that legal to pay that low

[@nonnnn3460]

How much you make?

[@jovanottic53]

Dude no offense but you’re not too intelligent are you. On two loads you need to subtract that $500 sign on bonus because you’re not gonna get that every week. And why would someone sit straight up in their seat for 34 hours because that’s what it seems like you’re doing waiting to takeoff. You need some social guidance

[@markbush3429]

Better off to be company driver , you are making a lot of money for u s express

[@LucidAnimationTV]

So do company drivers. Except they bring home 700 to 900.

[@welchsgrape314]

@@LucidAnimationTV 700 to 900 one a good week. Usually 600 to 700