You still haven't figured out the TransAm lease yet have you? NOT A LEASE! It's a rental or actually a SUB LEASE!Not tax deductible either so you are in a loose loose situation! READ THE THING or call OOIDA and ask them! LOLOL

Originally Posted by 94nole

I guess am confused as to why so many get into truck leasing and they expect the company to pay their expenses.

Leasing is merely an alternative method to get someone, who does not have the ability or desire to purchase a truck outright, into a truck as though it was he or her own equipment.

Why do people think it is different from leasing a car? You walk into the dealership and have a choice, purchase the vehicle with your own financing or with theirs (which includes a lease option). Once you have signed the paperwork, you don't expect the dealer to provide the maintenance, either routine or unexpected...do you? It's your vehicle, you simply chose to use a different method of financing usually because it requires less out of pocket...both up front and over the lease term.

Downside...at the end of the lease, you own NOTHING. But over the term of the lease, the maintenance and operating costs belong to YOU!!!!! Not the dealer.

If you purchased a truck with your own financial/credit-worthy ability to do so, who would you expect to pay the bills of operating the truck?

Maybe this is a blatant stating of the obvious but it seems to me (as one who is about to embark on driving for a company and who, admittedly, has never driven a mile for hire) that people who want to own a truck would be much better off purchasing the truck and leasing on to a company for authority, freight, etc.

What am I missing here?

If you want to be a company driver, one who drives and expects someone else to pay the bills of operating the truck to someone else...then DON'T LEASE A FREAKING TRUCK!!!!! There must be 500+ examples on this board alone as to why leasing a semi is NOT A GOOD DEAL FOR THE LESSEE!!!!

If you are told the burner is hot and you decide to touch it anyway, it ain't the fault of the person who bought the stove and turned on the burner. The medical costs for treatment of the burns belong to you and you alone UNLESS OTHERWISE stated.

Because a lot of recruiters sell these shams as "Driving Company only better" - since they provide all the "resources" to run a business. Over simplify the terms and conditions, and count on most people not to read the lease at all ( such as providing all the paperwork to sign on the last day).

They count on the unsophicated nature of many recuits as not to understand business concepts such as sublease, much less any of the tax issues concerned.

Using tried and true methods handed down from direct sales, high pressure marketing, "rha rha" rhetoric, shame tactics, etc on people susceptible to pressure marketing. (people really just looking for a job)

Then the straight-up "hard heads" - of with I've debated here myself, that will defend these scams till the end either because they just can't stand to admit the mess they've gotten themselves in - or they misrepresent themselves as "successful drivers" when in reality they are nothing more than company operatives sneaking around the board.

Short answer is the lure of "easy money" - the reason why anyone gets taken in by these, timeshares, MLM's or any other kind of scam out there.

Hopefully more and more can find sites like these, and see the reality of these leases for what they really are.