The problem with virtually all lease purchase deals today from someone whose done it

Nice post. I'm looking into getting my own rig. It'll be about a year before I make the jump because I want to have plenty set aside when the time comes to be able to at least nibble a bit during the first year famine.

 

Good post. And I absolutely agree, the lap dances are by far my biggest expense on the road. It seems the older I get, the more the dances goes up and the shorter the songs are. When I first started out, a dance was about 5 or 10 bucks and the songs lasted about 7 or 8 minutes. Now the dances from quality dancers are about 15 to 20 per dance and the songs last 3 or 4 minutes. Unless the government does something about these short songs and rising dance prices, I'm not sure I'm going to make it out here.

(Just kidding just kidding. I haven't been to a strip club since in yearsssss. Just a little morning humor)

 

That's just business. Nobody goes into business and takes a profit for their first few months. Leasing, though, you have to understand what a lease is, it's more than just a glorified rental. I'm already seeing it, companies wave the money in front of you to get you to take on a lease with them... And then take over the operating costs of a truck that's going to start needing maintenance like crazy. Lucky for me, I've always been taught business from people running them. 90cpm is great, even compared to my hourly pay... When the truck is payed off. I can try to take on better loads, but I'm a solo truck, they're not going to trust me, and then why let my carrier be the backup, when they have carriers contracted to them that they can probably get to do it cheaper?

The problem is the people agreeing to the lease without truly understanding it. That lease is NOT to get you a cheaper truck, it's to save the company money, and to at least break even on the truck. It doesn't mean you can't benefit from it, but you have to understand business. Not the "I'm an O/O so I'm my own business" guys, the ones who actually figured out how to make leasing a truck benefit them more than buying a truck (hint: telling Conway about all the loads you've run for them under your carrier, with your signed sheets showing you picking up and delivering on time every single time, is a benefit over the random guy Swift might send them)

 

.45 FUEL SURCHARGEX6.5MPG =2.925 PER GALLON DISCOUNT COMPARED TO 20 YEARS AGO... ONLY 7.25 CENTS A GALLON DIFFERENCE... A little over a penny a mile.... If that causes problems you shouldn't be in trucking

 

It seems the biggest issue with lease purchase programs today vs 20 years ago are drivers who don't understand what fuel surcharge means.

 

I think the biggest issue is people taking off too much time disregarding the fact that the payment and fees are still due every week.
Lease purchase programs can work good. I'm netting (not including taxes I'll pay at the end of the year) after all fees about 1700 a week. But I'm only home once a week just for a 34 and then I'm right back out.