Lease To Own

The Xpress Cargo, Inc. Lease to Own program is not for everyone. We are a fast growing company and we are gearing to boost our fleet of Company Drivers but, we do have room for those of you that want a taste of ownership. We offer this option to those of you that want to get your own truck. We have listed below general information and requirements that you should know before joining the Xpress Cargo Lease to Own program.
To be eligible for the Lease to Own program you first MUST be a Xpress Cargo, Inc. Company Driver in good standing for at least 60 to 90 days.
Payroll:
  • Weekly deposit on Tuesday thru Saturday - Must have a direct deposit account
  • If no bank account you will be set up on a Green Dot pay card.
  • Miles are paid based on PC Miler Practical Miles
Solo Pay:
You are paid $.87 per dispatched mile.
Exception: Loads picking up in Ohio delivering to Washington or Oregon
  • Loaded dispatched miles paid $.97 per mile
  • Empty dispatched miles paid at $.87 per mile
Team Pay:
You are paid .$92 per dispatched mile
Exception: Loads picking up in Ohio delivering to Washington or Oregon
  • Loaded dispatched miles paid $1.02 per mile
  • Empty dispatched miles paid at $.87 per mile
Additional Pay:
Detention Time Unloading:
Driver is to be paid $30.00 an hour after five hours at customer up to $100 per twenty-four hours.
Pick Up:
Driver is to be paid $50.00 per pick up after the first pick up.
Stop Off:
Driver is to be paid $50.00 per stop off after the first stop off.
Half of the additional pay will be paid with the load pay and the other half will be deposited into the truck payment fund. If the previous month's truck payment was paid in full all of the money deposited in the truck payment fund will be refunded at the beginning of the next month. If truck payment for the previous month is not paid in full the money will be applied to the previous month's truck payment.
Expenses Paid:
  • Fuel Taxes
  • Cargo & Liability Insurance
  • Plates
  • Permits
  • Trailer Cost
  • Oklahoma Pike Pass
  • Prepass
Fuel Surcharge:
Fuel surcharge (Loaded dispatch miles only - based on National Average week) right now has been running $.46 to $.48. Reefer Fuel Surcharge: You will receive $.08 per load dispatch mile on reefer loads only.
Incentive Bonus Program:
DOT Inspection Bonus - Good for DOT inspections
$50.00 bonus paid for all Good DOT Inspections
$100 additional bonus paid for your 5th Good DOT Inspection in consecutive order.
Performance Incentive Program - $.02 per loaded mile will be paid on a quarterly basis when contractor has met the following performance qualifications:
  • No Log Violations
  • No DOT Violations
  • No Late Pickups or Late Deliveries
  • No Load Refusals
  • No Less than 24 hour Notice for Change in Requested PTA
  • No Customer Complaints (All complaints will be reviewed)
  • No Motorist Complaints (All complaints will be reviewed)
  • Preventative Maintenance is Performed on Schedule
Tractor Payment:
Deduction
$.325 per dispatched mile for the Freightliners and the Kenworth T660
$.389 per dispatched mile for the Kenworth T680
This is based on the driver running 10,000 miles
Once 10,000 miles for the month has been reached no truck payment will come out.
If a shortage of the lease payment does not occur we will deduct an additional $.10 per mile the month following shortfall until full payment is received.
Lease payments are set up for three years
  • At the end of the three years fair market value of the truck is due
  • Any money left in the maintenance escrow fund can be applied towards the payoff
  • You can get your own loan to pay it off or sign a two year lease on the balance due
Maintenance Fund:
Deduction of $.10 per mile is deposited into a Maintenance Fund,
This fund is only used for Maintenance of your leased unit.
If you walk away from the lease this money stays with the truck.
To get an idea of the average cost to do the Lease to Own program based off of 12,000 loaded miles estimated pay contact a recruiter by calling 1-800-254-9900 and we will be happy to help answer any questions.

Xpress Cargo, Inc. 2330 Enterprise Park Place Indianapolis, IN 46218-4292  (317) 426-5410     Recruiting@XpressCargoInc.com

© 2016 XPress Cargo, Inc.