Lease Purchase programs.... the scam I'm noticing about most all of them

Hi frieghtwipper... If you were to look a little bit on this site, you will see he has his own post going giving that information.... It sounded like you do your research, but must have missed his post...

You sound like you are up to the challenge but there are many posts running on this board that give information on just how L/P is working for them... Those are the one's that should be followed to gain knowledge on what works for them and figure out if it will fit into your plan, if you are serious about going the L/P route...

I think MOST drivers fail to do their homework before jumping into a L/P and then complain about their own failure..

Bye the way, it is no different than some drivers thinking about buying a truck, and jumping into O/O without proper planning first... Running your own business is FAR different the just driving a truck...

Good luck to you in whatever you plan to do......

 

Ask to see an example of settlement reports . . . if they can't/won't show you previous weeks example, probably a reason for that.

 

If saying " no" is calling your own shots I guess so ......

Can you pick your loads , set rates or change delivery times ?

A lease is a tax dodge for everyone involved , everyone makes a little more and pays less taxes..

If you took that 80k figure that was being tossed around and backed out a top shelf benefit package the net would be more realistic ......

 

I'm not leasing anymore, my FM and I work out what I'm doing based on the freight that's currently hot, just got my delivery time changed from fixed live to drop 'n hook for the one I'm on. Oh yeah, 80k? Passed that awhile back. Gotta grovel if you want that "top shelf benefit package..." not my style.

I'll be filing for my authority next year. It'll work out a little better after the turn of the year.

 

IP's movin' on up.

 

Sammons is a good program as you get paid a percentage of the load, you pick your own loads from their load board or any public load board (no dispatching at all), and they have no company drivers so they are not keeping the best freight from L/O’s and O/O’s.

There are lots of smaller companies out their like Sammons that have L/O programs with no company trucks to compete with, some good and some bad. Just have to put in the hard work to look for them.

You shouldn't limit yourself to looking just at company lease programs, you can also lease a truck directly from one of the manufactures (Western Star and PACCAR both have leases available) or from a third party (Loan Mountain, Arrow) and then lease on to any company you choose (Landstar, Mercer, ect) like any O/O does. That is probably the best way to go if you want to lease as your not married to the company you are leasing the truck from for your income.