CDL-A Lease Purchase OTR Driver — 80/20 Split Pay

Our company LLC, in partnership with MTE-Leasing, is offering a lease purchase opportunity for CDL-A drivers who want to run their own truck on an OTR schedule across the lower 48 states. You'll be classified as a 1099 independent contractor under an 80/20 percentage pay split, with freight sourced from steady customers (70%) and brokers.

Pay

You keep 80% of gross revenue under this lease purchase arrangement. Weekly gross is estimated to average around $6,500, which the company translates into a projected annual range of $200,000 to $300,000 — though your actual take-home depends on miles run and lease costs. A $500 sign-on bonus is paid after your first 9,000 miles. Weekly mileage bonuses are also available: $100 for 2,100 miles, $225 for 2,300 miles, $275 for 2,500 miles, and $350 for 2,800 miles. Cash advances up to $200 per week are offered, and pay is deposited weekly with no delay.

Lease terms

Trucks available are 2023-or-newer Freightliner Cascadias or Kenworth T680s, each carrying the balance of its factory warranty plus a 7-day trial period. A $5,000 down payment is required (financeable at $300/week), and there's no credit check. Weekly lease payments run $750 for a 2023 model (3-year term), $850 for a 2024 model (3-year term), or $950 for a 2025 model (4-year term), with a $15,000 balloon payment due at lease end. No interest is charged; the program uses a Common Revenue Target model instead.

What you'll haul

This is all dry van, no-touch freight, with about 70% drop-and-hook. Driver-assist loads are optional. No hazmat, and no runs into Canada or Mexico.

Home time

You set your own schedule — there's no forced dispatch, so you choose your loads and how often you return home.

Requirements

You need at least 3 months of recent, verifiable CDL-A experience pulling 48-53 foot trailers, a valid CDL, and a valid DOT medical card on file. Drivers must live in one of the approved hiring states, which include VT along with most of the eastern and central US. SAP (Return-to-Duty) applicants are considered as long as Step 5 is complete; a C/TPA can be used to finish that step.

Costs and benefits

The company covers plate and registration, fuel card, physical damage insurance, Highway 2290/IRP, and IFTA reporting at your cost through lease deductions. Fuel and maintenance discounts are available and vary by location. As a 1099 contractor, you won't receive standard company benefits, but you can purchase additional coverage on your own.