I Grossed $54,000 and Took 25,000 NET: Lease Operator VS Company Driver (3 Month Pay Comparison)

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  • Опубліковано 23 лип 2021
  • Lease Operator VS Company Driver (3 Month Pay Comparison) Who Makes More Money?
    What are the benefits of being a Lease Operator VS a Company Driver? When should you become a Lease Operator? When should you Finance and not go for a Lease Program?
    In this video, Ronen goes into detail comparing two drivers pays cheques. One is a Lease Operator, the other is a Company Driver with the exact same mileage. Ronen discusses the PROS and CONS of becoming a Lease Operator and shares some advice to any driver looking at becoming a Lease Operator and what to look out for.
    Let us know if you've learned something from this video and comment down below!
    #LeaseOperator #PayComparison #Truckers #TruckDriver
    For all sponsorship inquiries:
    Sponsorship@ettransport.ca
  • Авто та транспорт

КОМЕНТАРІ • 241

  • @malyshevvasiliy9541
    @malyshevvasiliy9541 3 роки тому +13

    Thank you for all the videos and info you share with us. There is almost zero Canadian O/Ops and L/Ops on UA-cam, so your channel is a source of knowledge!

  • @grandspringdale1564
    @grandspringdale1564 3 роки тому +23

    First rule of trucking, assume ALL trucking companies are bad and are lying to you. Ha ha ha you know because in most cases they usually are👍

    • @gavnonadoroge3092
      @gavnonadoroge3092 2 роки тому +1

      and its not just trucking companies, but everyone in trucking industry

  • @andrewbarnett4621
    @andrewbarnett4621 3 роки тому +9

    Thank you Sir. Ronen these knowledge of expertise your giving us is worth a million not going to find this indepth details no where else without it being doctor up to look good you Rock. 👏🏼👏🏼👏🏼👏🏼👏🏼

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому +1

      im so happy you are finding the content helpful. appreciate you being a supportive fan, i see your comments on a regular.

  • @mikeaziz2410
    @mikeaziz2410 3 роки тому +1

    You’ve gained a subscriber cause of this video.

  • @lngleg
    @lngleg 3 роки тому +2

    Thank you for posting this video and doing the comparison.

  • @youngpatrick29
    @youngpatrick29 3 роки тому +5

    Thanks man, this is a very informative video. First of its kind ive seen regarding the exact numbers

  • @kmg501
    @kmg501 3 роки тому +2

    Excellent advice here. You folks are top class.

  • @markdennis1081
    @markdennis1081 3 роки тому +1

    i have been following ET for about 4months now, I have to say, you folks run a tight ship and Ronan is the MAN! You really care for your employees and o/opps

  • @naineshpatel9743
    @naineshpatel9743 3 роки тому

    Amazing work…i am newly graduated driver…i knew nothing about inside of trucking industry.
    Because of your initiative on youtube i know lot of stuff…specially what not to do being a truck driver.
    By the way very nice to see that you have hired a new driver in ET transport.

  • @armbrusttelecommunications7787
    @armbrusttelecommunications7787 3 роки тому +14

    He clearly states if you have money and good credit buy a truck , this options helps drivers not in that position.

    • @chrislangdell117
      @chrislangdell117 3 роки тому

      I understand that. The pay is still terrible and they aren't giving them enough mileage to make a living. They park them at warehouses and they wait 6 hours at a clip. Thats why lumber take their sweet ass time screwing over the drivers because the companies don't care they pay them by mileage and a nominal layover fee. This fucks over the independent driver too with the ridiculous long wait times. Or people that simply refuse to unload you because it's 45 minutes before their shift ends and third shift gets there. Flat bed loads and step deck loads. In almost all cases unloaded in 2 hours or less. Including tarping times ,chains and or straps.

    • @chrislangdell117
      @chrislangdell117 3 роки тому

      Lumpers

  • @freepalestine.3022
    @freepalestine.3022 2 роки тому

    Love your videos!! Keep it coming. So much information for O/O on how to be successful. Definitely subscribed and liked

  • @mike-sk2li
    @mike-sk2li 3 роки тому +5

    If you have experience 55cpm is low ball pay for a company driver. The health insurance and other employee benefits are worth an additional 8cpm. That's in the state's of course

  • @x9cito2011
    @x9cito2011 3 роки тому

    Great info! Thanks a lot!

  • @amarjeetmahal9515
    @amarjeetmahal9515 2 роки тому

    Very informative, thanks from heart

  • @leroygonzales2326
    @leroygonzales2326 3 роки тому +1

    thanks! Good solid info.

  • @Chris.christiansen.84
    @Chris.christiansen.84 3 роки тому

    Love all the info you give. It's extremely helpful. I'm getting ready to but my own truck, and love these videos. I disagree with the new truck vs old truck. But I'll be hauling side dumps so it's probably different for a road truck.

  • @mohammedarif9033
    @mohammedarif9033 3 роки тому +4

    Please make a video too about starting the career of truck driving, from driving school.... How long you gonna need to be fully licensed....... How much is costs for the whole driving school and what is the best way to start after your license like company driver, lease op etc. Thanks.

  • @xXManxAxPartXx
    @xXManxAxPartXx 3 роки тому +15

    This video kind of shows how underpaid company drivers are... especially in Canada

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      i guess you can look at it like that.

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      @@gl-tj7ph would u consider moving to GTA
      Or Moncton NB?

    • @xXManxAxPartXx
      @xXManxAxPartXx 3 роки тому

      @@NorthAmerican-Trucking-News I live in Edmonton now.. I'm willing to work for out of province companies but not relocating... to much money

    • @steevelaplante9432
      @steevelaplante9432 3 роки тому

      @@xXManxAxPartXx specially not moving to GTA where everything is too expensive...

    • @stevesirois1330
      @stevesirois1330 3 роки тому +1

      no shit tell me about it I get 250 per night flat rate for 10 to 14 hrs even more sometimes when I sit and wait for the trailer to be loaded 4hrs sometimes I don't get pay for wait time no safety bonus crappy trucks to drive and that 250$ a night ....is gross before taxes and deduction no benefits either. taking a trailer from valley to Vancouver and bringing 1 back 772km both ways....and I'm been lie to by my boss

  • @mrcain6894
    @mrcain6894 3 роки тому

    Seemed like an honest video to me. You didn't dodge any of the obvious questions. I would like to know why the company offers lease if it costs 150% more than paying a company driver.

  • @armbrusttelecommunications7787
    @armbrusttelecommunications7787 3 роки тому +3

    It’s ok for a lease program for sure , if you can’t buy a truck they have no big buy out at the end. It’s about the best lease purchase you will find in Canada and they are up front with wages so this company is honest

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому +2

      appreciate the positive feedback.
      honesty is key for lasting relationships, you hit the spot.

  • @JV_214
    @JV_214 2 роки тому

    Would like to see a comparison between lease vs owner operator, I think this guy enjoys shutting the haters up with solid Data 😂

  • @glendanis8605
    @glendanis8605 3 роки тому +1

    Interesting topic on lease from a company versus buy from a dealer that I have experienced
    I have done both if a company is worth its salt and is above board with the L/O’s you will keep those folks,no need to see if the grass is greener on the other side of the fence because in my view it isn’t.cheers

  • @coreymobley9979
    @coreymobley9979 3 роки тому +1

    Great video

  • @akusitaaiai2215
    @akusitaaiai2215 3 роки тому +5

    Company drivers on car haulers in USA are doing 12K per month.

    • @604h22a
      @604h22a 3 роки тому +1

      And that’s usd not Canadian funny money

    • @gavnonadoroge3092
      @gavnonadoroge3092 3 роки тому

      Arthur Sibagatullin, good luck picking up and delivering in residential areas with truck car hauler

    • @franceliakarle_1
      @franceliakarle_1 2 роки тому

      Hello Arthur how are you doing today

  • @frankywebon
    @frankywebon 3 роки тому +1

    Thanks for the information on Lease Operator vs Company Driver pay comparisons! Gives us some insight on the differences between the two.

  • @Ididerus
    @Ididerus 3 роки тому +1

    Awesome video! You got a sub =)

  • @wargator5060
    @wargator5060 3 роки тому

    How do you find a good company to lease onto? I don't think I want my own authority yet.

  • @sungchoi8683
    @sungchoi8683 3 роки тому +6

    $9765 in 3 months??? 12 weeks?? that’s $814 per week in Canadian dollars not US dollars! how the hell he can support his family? No wonder why there is driver shortage…

    • @semiretired6033
      @semiretired6033 3 роки тому +2

      55cpm is garbage that's why he's taking home so little and he has to run 3000miles per week and be gone minimum 5 days sleep, eat and shower on the road and carry all the responsibilities that comes with being a trucker. NO wonder the industry cant find ppl to drive their trucks, one can make that and more as a local driver and be home every night. That's why I quit trucking full time, now i only do part time occasionally cause I do miss trucking.

  • @danieldehay5198
    @danieldehay5198 3 роки тому +1

    I agree with you about the reasoning on becoming a ‘lease operator’…..here in the states, the lease I have is a total walk away lease, however I did it so I could save extra money for a good down payment and have some extra working capital for a good used truck

    • @gavnonadoroge3092
      @gavnonadoroge3092 3 роки тому

      good used truck?

    • @danieldehay5198
      @danieldehay5198 3 роки тому +1

      @@gavnonadoroge3092 rare to find I understand, but there are a few. I’ve known guys who treated their trucks like queens and kept them extremely well maintained……so yes they can be hard to find, but there are some

    • @gavnonadoroge3092
      @gavnonadoroge3092 3 роки тому +1

      @@danieldehay5198 for some reason i think of used trucks as used condoms, but thats just me

    • @danieldehay5198
      @danieldehay5198 3 роки тому

      @@gavnonadoroge3092 😂😂😂😂hey man, I respect your opinion…..and that’s ok.

    • @gavnonadoroge3092
      @gavnonadoroge3092 3 роки тому

      @@danieldehay5198 ))

  • @navado75
    @navado75 3 роки тому +2

    100% facts

  • @DeliveryGuy765
    @DeliveryGuy765 3 роки тому +2

    Man screw all these super truckers!!!! Good info and thanks for all the good content you guys put out!!!!

  • @pakcadian7948
    @pakcadian7948 3 роки тому +1

    Why is the federal income tax in the pay stub @5:33 so high!?

  • @lionheart7431
    @lionheart7431 3 роки тому +3

    Most companies still rob owner operators . Get your money and go get your own authority

  • @Henry-jy1hp
    @Henry-jy1hp 3 роки тому +3

    for someone who made good money as independent driver without owning a truck(lets say for example$30k in 3 months ). Do you think its a good idea to becoming O/O? do you think he would make more as O/O considering the repais and cost of owning a truck if he finances his own truck from dealership? what do you think about someone financing his own trailer? will make a difference in his paycheck and is it a good idea? im in the US

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому +1

      hi henry
      i definitely think that if a driver can find the financing, has a good down payment, and some reserve money, being an owner is a better option. owning a trailer or not will depend on the company that you want to go into.

    • @Henry-jy1hp
      @Henry-jy1hp 3 роки тому +3

      @@NorthAmerican-Trucking-News thank you. and keep uploading more honest videos for us truckers. ive never seen any( if there is ) youtube with such content and more honest& transparent on all the matters and challenges we truckers face... Thank you

    • @franceliakarle_1
      @franceliakarle_1 2 роки тому

      Hello Henry how are you doing today

  • @tkwasiisaac1777
    @tkwasiisaac1777 2 роки тому

    What if have 800 credit but little down payment?

  • @ilakkiyanilakky1148
    @ilakkiyanilakky1148 3 роки тому +1

    Hi Ronen..👋

  • @74amodel
    @74amodel 3 роки тому +4

    I've got over 20 years of driving experience I'm wondering how much you make every year compared to your drivers

  • @StoicccccMuzik
    @StoicccccMuzik 3 роки тому +1

    Sheeesh $2,000 USD monthly on the truck? Drivers are definitely better off saving up for a down payment. I’m glad you were transparent about that.
    I’m not gonna lie though the numbers seem a little low. My fiancé and I became owner operators with less than a month driving experience. We just grossed $33,700 USD ($42,340 CAD) our first month, and netted $22,000 US ($27,641 CAD)
    Cut our numbers in half and we still are earning a lot more per person than your lease operator, especially where it counts for us, net pay. We had one week where we netted less than 50% of the gross and that was easily our worst week thanks to dispatch. Again, we are very new to the industry so I don’t know if we are just extremely blessed or what

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      hi, US rates and the industry in general is much more rewarding in the US, than it is in Canada.
      also, our industry us a lot more common with millage pay VS gross pay.
      i appreciate the feedback, and hopefully our Canadian trucking industry will catch up to the US.

    • @malyshevvasiliy9541
      @malyshevvasiliy9541 3 роки тому

      @@NorthAmerican-Trucking-News But why trucking in Canada is much less rewarding? Canadians buy trucks and parts for the same prices as Americans. Use the same roads, while running to the US, have the same fuel prices at gas stations, etc, etc.. Doing the same work, spending the same priceless days of life on the road, far from families, Canadians get less rewards, about two times less. Why this is so? Products and goods generate money at the end of a chain, feeding the whole chain. Are they cheaper in Canada? Hardly.

  • @flounder5946
    @flounder5946 3 роки тому +2

    Kinda disappointed in what the lp driver netted. It honestly should be higher since the are paying all the bills to run the truck. Also if it's just a pure lease nobody should do it. Why would you pay a truck payment for a truck you'll never own. Now granted I did a lp contract but I manged to compete my lease and now own my truck. I'm leased onto a different company now but all these lp companies should be paying 70 to 85 precent while under lease. How is a person supposed to complete it when major repairs happen when your only paying around 30 to 40 percent of the load? Unless it's just super cheap frieght. I've made in the span of 6 weeks including leaving the house and returning on a short week 29k netted. So in the time frame of 3 months should be around 58k netted after expenses. All in us dollars so over 73k netted Canadian. So my question is why you paying your lease/ lp guys so little?

  • @deshaunking7458
    @deshaunking7458 3 роки тому +5

    do your company recruit drivers from other countries?

  • @donbrown8494
    @donbrown8494 2 роки тому

    Watched your other video for the year but did not see or hear where the lease owner paid taxes just where you added to his tax returns so did I miss something

  • @roadrunner594
    @roadrunner594 3 роки тому

    I can save money no worries.
    I have enough to buy a truck outright and enough left over for a medium emergency repair...
    I drive 35to4k miles a week easy.
    Been driving going on 5yrs now.
    I'm looking to purchase a truck but because my credit from 08 housing crash is not so good I haven't established a credit card yet for unforseen repairs for back up...
    If I can't get with your company, is there a reputable company in the US w the same set up or close you can refer me?

  • @pradipamatya9368
    @pradipamatya9368 3 роки тому +1

    Good to hear from u sir.... from NEPAL....
    LOOKING TO MOVE CANADA IN TRUCKING..... AS OWNER OPERATOR.

  • @Turbo-6
    @Turbo-6 3 роки тому

    Thanks.

  • @tufayared
    @tufayared 3 роки тому +4

    Why don’t you ever mention how you pay a lease drivers percentage or per mile. Then we can make our own calculation

  • @radzer0966
    @radzer0966 3 роки тому

    In Canada does the company paying not have to pay a portion of the taxes? Company driver side.

  • @m.simpson6843
    @m.simpson6843 3 роки тому

    As a dry van driver getting paid per mile sucks. Should have been getting line haul. With 70 percentage of load or line haul.

  • @jasonburks5911
    @jasonburks5911 3 роки тому +1

    what do you think about the federal goverment putting owener operators out of business. i do not think it's right.

  • @canadian6057
    @canadian6057 3 роки тому +1

    9400 in income taxes?

  • @xiaokewen8165
    @xiaokewen8165 3 роки тому

    why is that company driver paid as 47% federal income tax? Federal tax bracket $48,536 to $97,069 pays 20.50% Ontario tax bracket $44,741 to $89,482 pays 9.15%. so this guy should pay around 30%.

  • @andersonsotomayor1364
    @andersonsotomayor1364 2 роки тому +1

    I would love to come work for you once I get my CDL

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  2 роки тому

      Good luck getting your CDL! Check out our career opportunities when you are ready: www.ettransport.ca/careers/

  • @mikecioka1180
    @mikecioka1180 3 роки тому

    Where is the insurance charges? Or who paid that ?

  • @lionheart7431
    @lionheart7431 3 роки тому +1

    Talk about advantages of a corporation

  • @slipdog04jumpseat37
    @slipdog04jumpseat37 3 роки тому +3

    Thanks for the details
    For being away from home, that is low wage.
    Company driver making 9700 in 3 months is under 1k a week.

    • @thebetaguy
      @thebetaguy 3 роки тому +1

      about average i guess... i worked for big orange in 19, made like 700-800 a week only got more miles when i gave notice. but i still switched.

  • @andersonsotomayor1364
    @andersonsotomayor1364 2 роки тому +1

    And if you give me the opportunity I would do the lease option

  • @clintonkirker5154
    @clintonkirker5154 3 роки тому

    If a company driver makes more than a lease operator, then it is fair to assume the company is skimming of the top. In the first 6 months I grossed over $107,000 usd. After all expenses and deduction I have netted about half of that.

  • @phil23515
    @phil23515 3 роки тому +1

    Well i guess it depend what a driver is ok with. Personally i get about the same at the end as one of your lease operator but as a company driver. For a lease operator those number are low in my opinion. But again it depend what the driver is ok with.

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому +1

      philippe where do you reside?
      these figures are in line with what companies pay across canada

    • @phil23515
      @phil23515 3 роки тому

      @@NorthAmerican-Trucking-News im in alberta canada

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      @@phil23515 u telling me u make 8 K per month as a company driver on payroll?
      Do u mind doing a video with me going over your Paystubs ?

    • @phil23515
      @phil23515 3 роки тому

      @@NorthAmerican-Trucking-News yes. In average. Thats about that. Sometime a little less. Sometime a little bit more.12000$ is the max i been doing but thats exceptional and i didnt come back home the entire month to do that money. Im single so i can afford to do that. Actually im not a youtuber so im not going to make a video with you going over my pay stub but if you want to get a look around check On indeed or marketplace or kijjiji. Im thinking that might be because youre in ontario and im in alberta. I know here you would be on the low side for sure. I never worked in ontario so may be its good for where you are. I dont know. But if your driver are happy thats all that matter at the end of the day.

    • @malyshevvasiliy9541
      @malyshevvasiliy9541 3 роки тому +1

      @@phil23515 hi there! Do you work at oilfields or HWYs?

  • @robb.7078
    @robb.7078 3 роки тому +4

    How's Brian doing in the new frightliner?

  • @MrBigezee69
    @MrBigezee69 3 роки тому

    What is BAD credit- what number?
    What is Good Credit?
    How much is the down payment to buy a new truck?

    • @chazarkansas1366
      @chazarkansas1366 3 роки тому +4

      If you dont know what good and bad credit is, you dont have good enough credit.

    • @mentosix1725
      @mentosix1725 3 роки тому +2

      @@chazarkansas1366 🤣🤣🤣 Well said!!!

    • @MrBigezee69
      @MrBigezee69 3 роки тому +1

      @@chazarkansas1366 Well here on the You tubes, i hear many pros such as yourself throw around different numbers and insults. Ive heard you need as high as an 800 score or as low as a 640- I am looking to buy a truck and was asking a genuine question. Im not mad at your reply, I actually expected at least one A-hole to make a nasty comment. And thanks to Unbound below- looks like my credit score will be more than sufficient.

    • @MrBigezee69
      @MrBigezee69 3 роки тому

      @@KittyKrazeWithDar Thank you Unbound for helping another professional Driver.

    • @MrBigezee69
      @MrBigezee69 3 роки тому +1

      @@KittyKrazeWithDar Thank you. I am new to trucking, but have been in a different field for 37 years, i just got tired of that career.

  • @bones6554
    @bones6554 3 роки тому +3

    So your lease driver make what the company i work for pay's their driver. All they do is show up drive no payment, insurance, repairs, cheap insurance and 95% are home every day.🤔

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      Where exactly do u reside?

    • @pictonmitch
      @pictonmitch 3 роки тому +2

      Same here. As a company driver I would make this pay if I decided to run those
      kind of miles. and Im home every night while never leaving Ontario. Makes me wonder if ET would get more company drivers in the seat if they paid more. Why go through the process of leasing operators? Is it really to avoid payroll taxes? Waiting on a snappy reply Ronen...

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому +3

      @@pictonmitch I will reply to your comment by making a separate video all about Y we do the lease program. Why companies do it, and what’s in it for them. As u probably know from my videos, I’m a straight shooter and say it as it is.
      Stay tuned

    • @pictonmitch
      @pictonmitch 3 роки тому

      @@NorthAmerican-Trucking-News Snap

    • @bones6554
      @bones6554 3 роки тому

      @@NorthAmerican-Trucking-News South Carolina

  • @chrislangdell117
    @chrislangdell117 3 роки тому +1

    So as a lease operator the Driver made $1300 a week and drove around 2,000 miles a week. Not the best. 2,000 miles in . Thats terrible. Your barely giving this man enough to survive. Your company driver making $.55 cents a mile if he is a brand new driver I guess but honestly he isn't even taking home $800 a week. Thats terrible for the amount of hours he works. He is above 60 hours a week making nothing OTR. I dont know how you keep employees. Most companies in the US are hurting for drivers they are paying .65 to 70 cents per mile and guarantee 3,000 miles a week. I guess it works for your company but honestly you should be embarrassed taking advantage of people like that.

    • @truckingmoney485
      @truckingmoney485 3 роки тому

      Not taking up for the lease purchase deal but your math I way off his profit after expenses was 25k for 12 weeks so it’s around 2083 per week according to the information he gave

    • @franceliakarle_1
      @franceliakarle_1 2 роки тому

      Hello Chris how are you doing today

  • @noneyabiznass251
    @noneyabiznass251 3 роки тому +2

    @ETTransport I realize you are a Canadian company but I do enjoy the transparency you offer with all of these very specific videos, I was wondering do you ever hire Americans, or is that even possible to work for a Canadian company while living in the states? You seem like the kind of boss I would enjoy working for since at the very least I could hold you accountable here on youtube if you decided to tarnish your honor. I am a 40 year old retiree coming out of retirement fixing to get my CDL, intending to go OTR for the experience & learning first hand how the industry works intending to become an o/o asap, I spent 14 years as a mailman, and 5 years as a coal miner before that so i'm no stranger to hard work, nor logistics in general.

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому +2

      i appreciate the positive feedback and am flattered with your comments.
      unfortunately our rates would not make sense for any American drivers.
      when converting 55 cents per mile into USD, it would be around 44 cents per mile.
      Rates in the US are much higher for company drivers. around 65 - 75 cents per mile USD
      we do have plans for 2024 to open our first US location in Georgia.
      I will make a video on that in the near future.
      Best of luck, and thanks for being a fan,

    • @noneyabiznass251
      @noneyabiznass251 3 роки тому +1

      @@NorthAmerican-Trucking-News Nice, Georgia is right down the road here, I'm in KY. That rate you mention of .65-.75 per mile is not at all what i've been told by numerous trucking companies here in the states. In fact .44 cents per mile US seems to be the average for someone with no experience from what i've been told, though obviously I have nothing to go on other than what these companies have told me. I will be investigating further since as soon as the state of KY decides to update my driving record i'll be eligible to take my permit test so I will probably be in a driving school within a few weeks, I appreciate that information especially if it pans out to be accurate.

    • @gavnonadoroge3092
      @gavnonadoroge3092 3 роки тому

      noneya biznass, how were you able to retire so young, and why you coming out of it?

    • @noneyabiznass251
      @noneyabiznass251 3 роки тому

      @@gavnonadoroge3092 I made good money most of my adult life & invested nearly all of it. I was one of the few lucky enough to listen to those old guys telling me to invest my money. I'm coming back to work because i'm bored to tears tbh lol. Plus I need to get away from the wife she's driving me insane :P

    • @gavnonadoroge3092
      @gavnonadoroge3092 3 роки тому

      @@noneyabiznass251 thank you

  • @kendavisbiz
    @kendavisbiz 3 роки тому

    Where is the insurance cost

  • @alouette87
    @alouette87 3 роки тому +1

    This is very LOW income on current market. The company I working with lease op is making average 5000$ weekly after all expenses.

    • @alouette87
      @alouette87 3 роки тому +1

      @@KittyKrazeWithDar USA Chicago

  • @lalalalo37
    @lalalalo37 3 роки тому +1

    I have good credit I got some money and driving for 7 years and I still feel that the 1st step is signing up as a lease driver before going to a 100% owner come owner operatorI have good credit I got some money and driving for 7 years and I still feel that the 1st step is signing up as a lease driver before going to a 100% owner come owner operator

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      thanks for the feedback

    • @lalalalo37
      @lalalalo37 3 роки тому +1

      I'm saying is I'm still a company driver and I feel that I'd be more comfortable starting out as a lease owner operator 1st before moving to on operator

    • @lalalalo37
      @lalalalo37 3 роки тому

      @@KittyKrazeWithDar Well honestly I was just looking at it in an angle where a owner operator needs to be in a certain level and I feel as a least driver you learn everything like the basics and then you have a better outcome later on once you become a owner operator

    • @lalalalo37
      @lalalalo37 3 роки тому +1

      @@KittyKrazeWithDar Well to be honest my 1st year I decided to be a owner operator and it did not work out and now that I'm much more older and wiser I just prefer taking things step-by-step

  • @abdulmaye2629
    @abdulmaye2629 3 роки тому

    Hei Sir i am Norwegian driver live in norwey. Ilike to be driver in USA can I get Company who can offer me work permit.

  • @joemalinak7410
    @joemalinak7410 3 роки тому

    I think the way the video was done was a little misleading. You show the lease driver pay but that is the amount before taxes while showing the company driver take home which had taxes already taken out. I understand that was stated (a little subtly imo) but if one wasn't paying attention that could be easily missed. The true comparison would be to say the lease driver earned $26k vs the company driver earning $19k.
    I respect the honesty in stating that if financially capable the better option is to purchase the truck rather than to lease the truck. I completely agree with that. You probably didn't mention because it would seem like trash talking other companies and since I don't have to worry about that I'll mention that it seemed to me when i was looking at getting into my own truck that most lease purchase trucks were going to cost considerably more than buying the same truck from a dealer.
    Another downside that wasn't mentioned to the lease option is limited selection of trucks. You can only get what the company has to offer but going to a dealer you can get what you want.

    • @Henry-jy1hp
      @Henry-jy1hp 3 роки тому +1

      he clearly talked on the taxes in video. even said the company driver might get a refund and l/op paying taxes. watch the video again. in previous videos he talked on how to go abt lease in Lease op vs company/ O/Op i think check

    • @franceliakarle_1
      @franceliakarle_1 2 роки тому

      Hello joe how are you doing today?

    • @joemalinak7410
      @joemalinak7410 2 роки тому

      @@Henry-jy1hpyou should reread my comment. No where in it did I state taxes weren't discussed. In fact in my comment I specifically stated that he addressed the difference of taxes but I felt it was stated subtly.
      What's your point about other videos he's done? My comment addressed what was said in this video.

  • @trucker1015
    @trucker1015 3 роки тому

    I have a question all your lease operators a incorporated. I am a owner operator I not incorporated. I have asked my accountant about it he says that I don't need to

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому +2

      i would recommend getting a second opinion, you can get a way with a lot more with a Corp.
      Make sure you find a company that specialises in trucking.
      RS200
      Watch this video ua-cam.com/video/bHnVje42sr0/v-deo.html

    • @joemalinak7410
      @joemalinak7410 3 роки тому

      What i was told is that not being incorporated you have to pay taxes on the entire amount of money you made after deductions. In the US it's around 45%. For nice round figures lets say after all expenses you have $100K. That means you'd pay around $45k in taxes. As an S-corp you pay yourself a salary. Say you've paid yourself $50k. You only are paying around $22k in taxes. The remaining $50k you only have to pay 15% on so being incorporated you are paying about $29k vs $45k not being incorporated.

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      @@joemalinak7410 u would need to pay yourself a sallary first
      Then pay corporate income tax on what’s left
      So lets say u made 100 K
      Pay yourself 60 K first, pay personal income tax on the 60
      And pay corporate income tax on the 40K that’s left in your Corp. Around 12.5%

    • @joemalinak7410
      @joemalinak7410 3 роки тому +1

      @@NorthAmerican-Trucking-News that's what I said but used slightly different figures. I used $50k, you use $60k. Corporate tax in the United States from what I've been told is 15.?? something %. You used 12.5%. Difference may be Canada vs USA there.

    • @franceliakarle_1
      @franceliakarle_1 2 роки тому

      Hello trucker joe how are you doing today

  • @amedperedo7775
    @amedperedo7775 3 роки тому

    But .55 cents per mile x 36,000 miles are $19,800 dolars, why $9,750 for company driver?

  • @dakshpalsingh4174
    @dakshpalsingh4174 3 роки тому

    How the hell did a company driver paid almost 50% in federal taxes, don’t understand how the take home was only 50% of what he made? Please shed some light on that

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      are you in the us or Canada?

    • @dakshpalsingh4174
      @dakshpalsingh4174 3 роки тому

      @@NorthAmerican-Trucking-News
      In BC, and I make almost 83k (not trucking)
      But my take home $$ is almost 72-73% of my gross.

  • @kentr2424
    @kentr2424 3 роки тому

    I believe that ET is underpaying its people. A lease op should be taking home $10,000/month after all expenses. That is IMHO a reasonable take home as a lease op on 12,000 miles/month.
    I realize that ET is paying the insurance, the authority, etc, and that's got to come out of the mileage rate the company charges. That said, the lease operators gotta make some money too.

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      do you think taking 8K per month in Canada after all expenses is bad?
      I would be more than happy to do a joint video and compare pays.

    • @kentr2424
      @kentr2424 3 роки тому

      @@NorthAmerican-Trucking-News Hi Ronan. Yes, I think that 8K/month is lower than what the pay should be, for a couple reasons. 1) the lease op has to pay up to 2k/month in TAXES on that 8K, so now it's down to 6-6.5K/month. That's a well paid company driver take-home.
      2) A lease op driver is relieving you of three of the biggest 4 expenses a company has - the truck payment, the fuel, and the truck maintenance (the other is office/shop expenses) and is being paid about 1/2 (give or take) per mile of what the shipper is typically being charged.
      Yes, the company has other expenses (plates, insurance, trailer, tolls, lumpers, taxes, office/shop staff and buildings, etc) it has to cover out of the half it keeps.
      Remember also that to make that 12,000 miles a month the driver is on the road at LEAST 26 days out of every month.
      Companies wouldn't be doing lease ops if it wasn't making them as much or more money that they'd take in with company drivers or owner-ops. I just think that lease ops (all drivers, lease ops, owner ops) need to be paid better than they are in general.

    • @franceliakarle_1
      @franceliakarle_1 2 роки тому

      Hello Kent how are you doing today

  • @velelamja
    @velelamja 3 роки тому +2

    50 and 55 cent/mile is poor company pay ! Good company pays 70 or 75 cent/mile for us and 50-60 cent/mile for canada only and u guys are paying us miles lower then other company what pays for canada only

    • @NorthAmerican-Trucking-News
      @NorthAmerican-Trucking-News  3 роки тому

      Hi, thanks for the feedback.

    • @malyshevvasiliy9541
      @malyshevvasiliy9541 3 роки тому +2

      Ronen always shows numbers , (kinda proofs). Could you plz name several companies in Canada who pay those money you were talking about? Thanks

  • @israrahmed1251
    @israrahmed1251 2 роки тому

    Hi Ronen,
    I have been a subscriber on this channel for about a year now and I recently entered the Industry as a long haul company driver for a mega carrier in GTA.
    I have seen this video at least 4 to 5 times and I believe this a clerical error at @5:30, particularly in Federal Income Tax.
    Please correct me if I am wrong, but I believe the company driver working at $0.55/mile would gross $6,600/month or $79,200/year (~12,000 miles/month). The FEDERAL TAX deduction on this income bracket should be close to $1000/month or $12,000/year.
    Therefore, at @5:30, the Federal Income Tax should be roughly ~ $3,000 instead of $9,396.19, making this 3 Month NET PAY roughly ~ $16,000 instead of $9,765.17

  • @jl2hoi
    @jl2hoi 2 роки тому

    @Rudigitized is a straight custer

  • @michaelswartwood
    @michaelswartwood 3 роки тому +1

    Your company driver is only getting 45% of his gross. Canada takes 55% of your income?
    36000×.55=19,800

    • @chazzyfizzle717
      @chazzyfizzle717 3 роки тому +1

      He said in another comment that Canada tax is substantial, 45%. But he's comparing the company drivers post tax to the lease ops pre tax. So shouldn't the comparison be both pre tax, $19,800 vs $25,000.

    • @michaelswartwood
      @michaelswartwood 3 роки тому +1

      @@chazzyfizzle717 thats a better comparison. Still @ .55cpm he should be maaking money. I get .48 and detention pay. Weekly I average 1k to 1200 after taxes

  • @johnmaxwell1356
    @johnmaxwell1356 3 роки тому

    So a company driver only makes about $36,000 per year? (9k for 3 months) No wonder there is a driver shortage.

  • @andyl2221
    @andyl2221 3 роки тому +1

    I wonder if RVT watches this.

  • @kendavisbiz
    @kendavisbiz 3 роки тому

    In America no 9k income tax on 19k w2. Not

    • @truckingmoney485
      @truckingmoney485 3 роки тому

      That’s what “free everything “ gets you in a communist country

    • @franceliakarle_1
      @franceliakarle_1 2 роки тому

      Hello ken how are you doing today

  • @Killaegoamigo
    @Killaegoamigo 3 роки тому

    $11,000 in income taxes took out so…… basically there making the same amount of money at the end of the day.

  • @kellendavis8638
    @kellendavis8638 3 роки тому +3

    That seems pricey for a 3 year old truck

  • @ericdadriver2293
    @ericdadriver2293 3 роки тому

    What’s a driver inc model

  • @aminemansour2585
    @aminemansour2585 3 роки тому

    im from south africa and i have a truck lourd license can i come to canada and get job directly or i should get to trade school truck driver?

  • @NLD88000
    @NLD88000 3 роки тому

    Taxes suck in Canada.....ouch ...but hey you got free healthcare

  • @sionose1492
    @sionose1492 3 роки тому

    25k every 3 months still sucks as well !

  • @jaycarter4348
    @jaycarter4348 3 роки тому

    Why would anyone work for peanuts with this company ..you could make that kind of money working local at Walmart !

  • @DaNo123zZz
    @DaNo123zZz 3 роки тому +2

    This is lease operator not owner operator. There are distinct differences. You should be able to do way better than that as an owner operator working for a company and not being beholden to them.

  • @kendavisbiz
    @kendavisbiz 3 роки тому

    9k tax on 19k

  • @DLSWV
    @DLSWV 3 роки тому

    👍😉

  • @michaelrodriguez4035
    @michaelrodriguez4035 3 роки тому +1

    Y’all are very good with information and videos but really bad at getting back with people that want to work for y’all. You need to know someone who works there or something?

  • @marymatthew1940
    @marymatthew1940 3 роки тому

    You should never consider being a lease operator it's a scam

  • @marymatthew1940
    @marymatthew1940 3 роки тому +1

    Do you know how much money my husband pays for a lease. Nothing because he doesn't do any lease. He owns a old school truck that he paid cash for. He laughed at your videos how you talk trash about owning a older truck. He doesn't have to work that much and run far because his cost to operate is very low.

    • @dankruger2890
      @dankruger2890 3 роки тому

      and the story goes on. All trucks break down and wear out. this guy is spot on when it comes new vs old.

  • @igorkratka
    @igorkratka 3 роки тому

    In America people must be very dumb when in videos something is said, then it is said a second time right afterwards and by the end of the video the same info is being kept repeated over 5 more times. Necessary I guess, with 8 secs average attention spam in many people nowadays. Would like to listed to the facts and shared knowledge but this approach insults my intelligence and must stop video after 3 mins.

  • @lucasharten6913
    @lucasharten6913 3 роки тому

    $9000 in 3 MONTHS???? Jesus fucking Christ