Sorry fuel.
I'm educated, I have a strong business background. L/P is a marketing trick. The idea is to have summertime else take over the cost of the truck, instead of just selling it for a low amount or scraping it. You keep talking about financing a truck, I'm talking about leasing through the dealer.
They market it to benefit you just like they market this forced teaming to benefit you, also why would anyone let a company force them to let somebody else drive the truck they're paying for?
That's all it is. Marketing. "We WERE going to scrap this truck, but you can pay us for it and upkeep it instead."
It's no mystery why every training company has this option. L/P through someone like crst is really more of just a way to test out the o/o path. See how successful you could be. When you finally own your truck, you're gonna be getting close to a million miles, possibly over, on a 5-6 year old truck... Things are gonna start breaking.
I'd maybe try it solo somewhere, but my goal would be fixing my credit asap (already working on it), then just get my own lease or finance. Assuming I stick with pulling these trailers. Every day, box trucks and some actual physical work are looking better and beret
CRST Malone Does Not Suck! You Just Gotta Know What You're Doing!!
Discussion in 'CRST' started by Bradygv68, Jul 2, 2012.
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They're not out to get us, just the program is designed to benefit them, not us. A l/P is an honest way to get into being an o/o, but the tradeoff in the business perspective is you're guaranteed a truck and some little things to help, but in return you're taking over what it costs to run you as a company driver.
I'm just saying that from a business perspective, a l/P through these companies should only be a start for you, because you're really just the alternative to the scrap yard to themSheepDog Thanks this. -
You know, your right... I really shouldn't even think about paying the truck off. Just focus on learning how to make great business decisions and overcome the learning curve. Work towards making the best RPM I can and save, save and save. Once I have mastered being a good business man and have saved up enough money to buy my own truck/trler, than walk away. In all reality, I am only doing this to get started at being an O/O and my thought process has been to work towards buying the truck and than just trading it in or selling it outright. However you have made me think a little deeper than that. I have been thinking as a non-business man the whole time,,,"why spend the money if you not going to buy it?". My goad should not be to complete the lease, but to master the art of being a good business man.
Thai Thanks this. -
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Now that I have said that, I will answer your questions. The 6% you stated, I have not heard that but, I will definitely ask. FM stands for Fleet Manager, I don't know if that is what they use at Malone or not but, the person that you be assigned to you. You will basically, from what I have researched, call that person once a day. Or deal with that person 1st, if you have problems, they will go over this with you in orientation. I personally suggest you open a Internet Truck Stop account. Just google it and check it out. I have downloaded the app on my Iphone.
Please tell us what your plan is for your L/P? What are your goals? Let us know how orientation goes for you, and when you say this week, do you mean next Monday? -
Thank you for the quick response.orientation is friday cause of the holidays.im not doing the l/p however my truck is leased my payement is 334 a week and I will own the truck in july.i have been reading this thread and I know few things that may help.first of all I will never lease a truck from the company im gonna work for the reason why if I get fired I cant keep the truck unless I find a way to pay it in full.now leasing vs buying,I was lucky enough 6 years ago a freind of mine got a new truck and sold me his old one and he took payement,the truck had 700k miles at the time and after 2 years I spent over 20k on maintenace but the truck only left on the side of the highway once.you gonna invest a lot of money for something that is not gonna be worth anything(a dealer offered me 5k for it).2 years ago the headgasket went bad and a shop told me its gonna need an overhaul so I decided to lease a truck.leasing is not a bad idea since the payements are 100% tax deductible but I dont like the pressure of making payement to a company that will reposses the truck if u miss couple payements but is also nice to drive a newer truck.my advice is to lease a decent truck from a third party and make sure to have enough funds for a rainy day.another thing try and get a dedicated run so the income will be steady and predictable and once familiar with the owning a truck aspect of the business than move on to differents things.my goals are simple I just wanna finish paying my truck and upgrade my trailer and pay off my debts.after that im just gonna take it easy.
SheepDog Thanks this. -
You have been doing the O/O thing for a minute, congrats and sounds like you have a good friend to let you do that. Who you leasing your truck through?
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