Lease/purchase....How do they do it?

**MNdriver** · 04.07.2012

I have been sitting here the last couple of weeks playing with my financial plan for becoming an O/O.....

I have a system in place to make this happen, but have also been pulling some numbers from some of those "advertisement" booklets at so many truckstops.....

How do they do it? I can NOT for the life of me make those kind of truck payments and those kind of mileage rates work.

By the time I pay the truck and authority, wage for myself and all the other maintenance cost, you MIGHT break even if you have good miles.

Otherwise you are in the red from month one.

**dude6710** · 04.07.2012

I know of a buy here pay here place in mn if your interested in becoming a O/O im on my 2nd truck already from them.

**MNdriver** · 04.07.2012

yeah, I am interested....

Always looking for something to consider.

I have a place I am looking to talk to about 40 miles from me.

PM if you want.

**DEMO** · 04.07.2012

What about Lone Mountain?

**MNdriver** · 04.07.2012

Oh I can make those numbers work like on Lone Mountain.

I am talking like a place like MegaTrux, Decker, Celadon and such....

how do they make a $2000 truck payment monthly on cheap rates like 98 CPM? (Megatrux is 94CPM btw..)

**JustAnotherJarhead** · 04.07.2012

I highly recommend LMT. I just purchased a truck from them.

**MNdriver** · 04.07.2012

Originally Posted by JustAnotherJarhead

I highly recommend LMT. I just purchased a truck from them.

I was just reading that.....

Didn't see any T600's on the LMT website though for inventory.

**DEMO** · 04.07.2012

Originally Posted by MNdriver

Oh I can make those numbers work like on Lone Mountain.

I am talking like a place like MegaTrux, Decker, Celadon and such....

how do they make a $2000 truck payment monthly on cheap rates like 98 CPM? (Megatrux is 94CPM btw..)

I don't have a clue of an idea how they do that on 98CPM

**US MARINE** · 04.07.2012

LP programs are for the COMPANY only and a way to negate the costs of running a truck while actually still moving freight .

If you look at the numbers .. Only about 10% of LP are ran out successful and driver buys the truck . Those 10% are normally single drivers / ( no spouse ) no kids and they live in that truck 360 out of 365 days a year . They are not made for a normal family man to make it .

Lone mountain
Arrow
Freighiner Select

The way to go over LP . The other problem with LP is your not really a O/ O and that's not an insult either ( here me out ) you run the biz take the responsibility buy the fuel .. But it's a GLORIFIED COMPANY JOB .. Here is the reason in a LP you are buying from the HAND THAT FEEDS YOU and if you don't like it or miles are down your STUCK can't move the truck it's the companies it's NOT YOURS ...

If you go with Lone Mountain , Arrow. Etc you can move the truck to another carrier but in a LP you CAN'T ... So to me it's not really an O/O it's just a term called LP ( lease purchase) which they basically take as WAVERING LIABILITY ... To a driver ...

My intention is not to offend anyone who is in a LP and if you bought your truck in a LP you are in the 10-12% I speak of so you did it and that was no small feet and my hat goes off to you ..

I'd finance a truck ... If you can't then don't go O/O until you can and YES even if you have bad credit .. So did I and I waited and my credit is still not top teir .. If you can put money down on a truck like at LM or Arrow and still have 5-7k to get started afterwards then you are ready to take the leap ... No one is ever really ready I may need to say more prepared