I don’t know if I would call that a friend if he has at leased on to him and on top of that he’s factoring his money.
Typical percentage in a lease is around 25% but when you add on factoring on top of that what is that like another 10 or 15%?
I wonder what all the fees are that your friend is paying.
So all in all everything included what are they taking 35 or 40%? Maybe more?
Does this guy think that having a truck is a business or charity? Because he’s not making any money with that kind of percentage.
Also, that it’s probably a skimmed-off percentage so he is probably getting at least 10% or 15% less than what he originally thought that it pays. That could be as high as 30 or 40 or even 50% depending on the carrier. Yes there are plenty that are in business purely to rip people off
BTW, his “friend” probably pocketed the detention fee.
On top of that you’re probably going to tell us that he has a driver in the truck and he’s doing this for passive income because someone told him he can get rich this way, such an easy business, sit back and count the money…
