Carrier Capital
Carrier Capital
Frequently asked questions about working with us, and making consistent profits in the trucking industry.
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Our affiliate works with 14 DOT American carriers to transport loads across the continental United States. The trucks are paid by load. The drivers are paid by the mile. Through your lease agreement, you are contracting our affiliate to run your trucks for you, and you are paid a portion of the profits.
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You are paid an additional weekly payment of $700 from our affiliate to cover all maintenance, truck upgrades, and all ongoing truck expenses. Carrier Capital receives and pays this $700/week to Southern Truck Leasing on your behalf to keep your lease payments up to date and your truck on the road and making you money. This additional $700 weekly lease payment will be reflected in the 1099 sent to you by Carrier Capital (and can be written off as a business expense).
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Our affiliate transport company holds the insurance, title, registration, and door tags with no risk or liability to you. Your truck will be repaired and back on the road as soon as possible with little to no loss in profits to you.
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Our affiliate is to keep the trucks compliant to the lease agreement. The trucks being highly maintained, upgraded every few years, insured, and registered is in the best interest of all involved parties as it creates consistent income and a reliable reputation.
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Yes. Our trucks offer incredible, ongoing tax benefits. Each truck is under a Capital Lease and worth $190,000. Most states allow for an 80% depreciation over 1 to 2 years (around $152K). Every two years, your truck is upgraded to a new truck, and a new depreciation cycle begins again. Please refer to a Certified Public Account for details.
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Yes. It is a walk-away lease. You can terminate the lease at any time per the lease agreement. You also have the option to buy out your truck at the end of the lease. (Please refer to the lease agreement for further details.)
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Our affiliate sets up the initial insurance, covering your truck’s liability and physical damage. Additionally, national carriers like The Evans Network and Jax Transport may provide cargo insurance when your truck is operating under their contracts. We also show examples of insurance agreements between our affiliate and the national carriers to ensure transparency regarding coverage.
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The weekly payout is a fixed amount from Carrier Capital. This ensures you receive a predictable, steady return on your new business, regardless of fluctuations in mileage or operations. Each week you’ll receive a $700 payment from each of your trucks.
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Through our partnerships with national carriers, your truck will always have steady freight to haul, minimizing downtime. Our affilate transport company manages logistics and driver operations to ensure that your truck remains on the road, generating revenue. -
Southern Truck Leasing provides high-quality, newer trucks that are compliant with industry safety and regulatory standards. These trucks are reliable for long-haul and regional routes and are maintained by our affiliate transport company to ensure optimal performance.
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Our affiliate transport company is responsible for driver management. They ensure that experienced, qualified drivers operate your truck and follow industry best practices. This ensures the truck remains operational and profitable. Randall Reilly is a talent acquisition platform that helps to find, hire, and retain top talent for drivers this company handles all our ads and requires that all the drivers have at least three years experience no accidents and are full DOT compliant.
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Southern Truck Leasing and our affiliate transport company handle all maintenance and repairs for your truck. This ensures that any issues are resolved quickly to minimize downtime, allowing your truck to stay on the road and generate income.
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While the exact mileage can vary, trucks are typically expected to run between 3,000 and 5,000 miles per week. Our partnerships with national carriers ensure that there are steady freight opportunities to keep your truck active and profitable.