Riverside Transport Lease Purchase?

Discussion in 'Lease Purchase Trucking Forum' started by Tennessee Trucker, Jul 6, 2012.

  1. Tennessee Trucker

    Tennessee Trucker Heavy Load Member

    922
    385
    Aug 17, 2011
    Winchester,Tn.
    0
    Was looking at Riverside Transports Lease purchase. Seems like decent deal. I have successfully completed 2 lease purchases and don't need a lecture from some 5 year driver on their pitfalls. I've lived em'. Was wanting info from any current I repeat current drivers not pissed off ex-drivers that couldn't make it. All their deductions are by the mile and equate to about .90 cpm including fuel, surcharge is running around .36 cpm. If any one has any CONSTRUCTIVE input have at it otherwise move on!.Sorry to sound like a jerk but everytime someone tries to post something for info it ends up being a you're a D.A. and don't know what you're talking about etc etc etc
     
    Merlymerl Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. azcardnlz

    azcardnlz Medium Load Member

    418
    168
    Oct 4, 2006
    Indianapolis, IN
    0
    You know haters will be along shortly...

    I never looked too hard at Riverside. Their magazine ads seemed a little odd, like they were using "fuzzy" math. That turned me off, and I never looked into it any further. Best of luck.
     
    Bean Jr. and crb Thank this.
  4. US MARINE

    US MARINE Heavy Load Member

    823
    170
    Sep 15, 2011
    0
    I was gonna say that also some of the math on their deductions don't add up
     
    crb Thanks this.
  5. US MARINE

    US MARINE Heavy Load Member

    823
    170
    Sep 15, 2011
    0
    But that's just me and not the gospel , it may very well be a good deal
     
    Tennessee Trucker Thanks this.
  6. azcardnlz

    azcardnlz Medium Load Member

    418
    168
    Oct 4, 2006
    Indianapolis, IN
    0
    Agreed. It very well could be.
     
  7. Polarbear857

    Polarbear857 Light Load Member

    284
    80
    Nov 14, 2011
    Coatesville pa
    0
    I dont know seems low especially if you compare their o/o rates. They even show a lower fsc.
     
  8. losttrucker

    losttrucker Road Train Member

    1,436
    1,037
    Mar 9, 2008
    greenville,nc
    0
    If you have completed 2 lease purchases; then why are doing a 3rd?? What did you do with the other 2 trucks?
     
    crb Thanks this.
  9. US MARINE

    US MARINE Heavy Load Member

    823
    170
    Sep 15, 2011
    0
    That's actually a good question , should have some sort of equity from past trucks from other LP deals or maybe they had balloons that he opted out of to finish the commitment
     
  10. daf105paccar

    daf105paccar Road Train Member

    6,564
    7,292
    Apr 15, 2012
    0
    Yup............thats my question also.
    How did those leases end?
     
  11. Tennessee Trucker

    Tennessee Trucker Heavy Load Member

    922
    385
    Aug 17, 2011
    Winchester,Tn.
    0
    I paid off my house so i don't have house payments! And i you need to go back and read my post i sold them to help my father with his business. And i'll be darned if i am going to put my home on the line for a truck, if the lease doesn't work out i can just walk away, also i did a spreadsheet with the numbers another l/o with riverside that is a family member gave me. The math does work out if you are smart enough to do a spreadsheet and vary the numbers.how could it not work if you are doing your deductions by the mile?you won't get penalized for hometime. I knew this would happen as soon as i posted this.the negativity starts, so now i am going to only respond to people that work at riverside, not speculators or used to be's if you are not there then you probally don't know your *** from a hole in the ground.
     
    Rebelj1022 Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.