Which Is Better? MRP Lease? or Leasing a NEW Semi Truck? Addison Johnson at Swift Tells All!
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- Опубліковано 30 лип 2024
- 🚚 Join us in a candid conversation with Addison Johnson, Owner Operator Business Advisor at Swift Transportation in West Valley City, Utah, as we delve into the intricacies of truck leasing options. We discuss the differences between MRP (Maintenance Repair Package) and new truck leases. Everything you need to know to make an informed decision.
🔍 Key Discussion Points:
The debate between MRP and new truck leases
Factors influencing the decision-making process
Addison's perspective on the impact of freight volumes
Exploring three types of lease programs at Swift
The MRP program and its compulsory maintenance account
Insights into major repairs and cost coverage
Benefits of the Fleet Exchange (FX) program for company-to-owner transfers
Addison's take on how freight volumes affect lease choices
Types of Lease Programs at Swift
MRP Program Explained
Major Repairs and Cost Coverage
Benefits of the Fleet Exchange (FX) Program
Personal Experience with Leasing
Factors Influencing Lease Choices
Considerations for Business Owners
Balloon Payments and Weekly Payments
Swift's Support System
Making Informed Decisions
⏰ Timestamps:
00:00 Introduction and Initial Discussion
00:09 Debate on MRP vs New Truck Leases
01:04 Exploring Different Lease Programs at Swift
01:23 Advantages of Company to Owner Transfer
02:03 Understanding the MRP Program
03:03 Benefits of MRP in Major Repairs
03:58 New Truck Leasing Experience
04:42 Discussion on Maintenance and Warranty
05:25 Swift's Rental Services
09:38 Understanding the Business Aspect of Leasing
17:13 The Importance of Maintenance in MRP
20:43 Final Thoughts on MRP and New Truck Leases
🔗 Connect with Addison Johnson:
801-924-7094
🚛 Explore More in Contractors Corner:
contractorscorner.cc
/ @contractorscornercons...
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My big problem with MRP was having to get the work done at swift. I live in Dallas and the Lancaster shop is horrible.
I have been pretty happy with the Lancaster shop recently. They have pulled off some really great tricks for me in the last 18 months. So much so that I asked the shop manager what had changed since they were on my "list" for so many years. Try having g a sit down with him and addressing your concerns. You might be surprised at the result.
Great interview
Replay. One of your best interviews to date.
Thanks! I truly appreciate that.
Will Swift do lease for Sap drivers?
give them a call
Idk how leasing with these big companies drivers still make local pay hahah. Solo spot market dry van couple buddie still making 3-3500 NET weekly. All these companies get well above spot market rate for loads but give them to drivers for LESS than spot market hahah. And will lease you, John and Bob the same truck for 6 years and that will cover 2 trucks in $$$$$ smh
Can you make your own repairs or use your own shop?
It depends on the lease terms. On the MRP, you must have all repairs approved by swift at either a swift shop or an approved location. On the new truck leases you can take it anywhere you want. In either case, though, you must document all repairs and maintenance you do and report that to the leasing company.
The worse part of these lease companies is that they DONT care about you bein home or having family time or they wouldn’t charge you when you at home for 3/4 days. It’s made for driver to live on road that’s IT. Sad
If all they promise is 2200 to 2500 miles a week then there is no way a guy could get ahead and make profit
I run 3000 average miles a week
It takes 1500 miles or so just to break even
It depends on your costs. I can pay all my bills at 2000 miles a week. Over 2200 and I am putting money in savings.
@@ContractorsCornerConsulting how much of that is operator compensation
The bills have to be paid
The driver needs to pay his own payroll
And the business has to make a profit
I know and understand that personal finance isn’t factored into any equation and is very rarely talked about and allot of people fail to understand that the drivers income is a business expense and so is paying personal tax payroll
You said that you pay the bills at 2000 miles and at 2200 miles you are putting money is savings??
No one is going over actual numbers and talking about the reality
Those statements are very vague and seems to be a consistent thing when I watch videos about lease operators
A guy has to pay his truck payments and operational expenses for the equipment
A guy has to pay fuel
Then a guy has to pay himself a wage
That’s the line that I don’t see talked about
Every one basically says that their profit after expenses is income but that’s not true
Profit is only made for a business after paying the drivers expense or salary
If I run 2200 miles a week then I would have to decide if I make money or I leave that money in the bank as profit
The operator is the owner and the driver is the same person but for some reason people don’t differentiate between those things
When will the guy in green say something besides shaking his head and saying ummmmha
I dunno...I thought we did alright on this one. Do you have more questions for us?
Leasing is no different than leasing a car it's not worth it😂😂😂😂😂
That depends on several factors. Right now, with interest rates where they are, you can get a new truck for less with a lease than you can financing at a dealership. Always consider two things:
What is your goal for your business
What does the math say
Always do the math. Make no assumptions.
It's more like leasing a building for your restaurant- It's the location for your business.