anyone want to take over a lease?

Is that 9 speed upgradeable to a 13

 

Ok I'll just have to see if I can get it done ... I'll be able to pm after this so I'll be pming you in a few minutes

 

Hello. Is there any company driver who work for swift/central is interested or thinking to becoming an Owner ops?
I recent got into Swift Owner Ops leasing on October 2014. I have a red 2015 freightliner cascade evo 13 speed. About 15**** miles. Maintenence up to date. Everything is still new. Willing to put some cash in if some one is willing to take over. The reason I posting this because I found a local job. Need to find some one soon. Thanks.

 

I don't understand the whole lease thing in the first place (except for one company that leases.) Why do drivers sign a lease purchase deal when they are not fully commited to fulfilling the contract. My question is, why not just stay a company driver, and just quit when you find a better gig? Makes more sense than trying to give a lease away.

 

Swift doesn't have a lease purchase ... it's straight lease with a purchase option at the end.

The reality here is either of these gentleman could simply turn the truck in and terminate their lease.

 

People get stars in their eyes about 'owning a truck'.
They see a few perks in the mix and fail to realize the responsibility, time and effort required.

There are a few people that make it work, but they are more the exception than the rule.
Most people simply have no idea how to run a business, or even that leasing a truck is actually going into business for yourself.

There are several here that are very successful in the L/O program.
There are probably 50X that number that fail within the first year.

 

Like many things today, the quick and easy (and thus risky) way appeals to many above the time tested, traditional way to start a business.

Traditionally, to become an owner operator required start up capital to cover expenses for a few months, maintenance, fuel, salary, taxes, insurance, etc plus financing capital to acquire truck, trailer, storage. In all, working on a driver's salary assuming thete's a mortgage and car notes at home it could take upwards of a year of diligent saving and meticulous accounting to put aside enough capital and secure financing from a lender to get up and running. You have some security, investment and ownership of things don't go well to move your truck or acquire your own authority and keep trucking.

Today we have companies that will lease you the truck, deduct the insurance and fuel costs from your settlements. They'll make your first payment, Collect funds in escrow accounts each week for a few months, quick pay or factor your settlements for a % of the invoice. As long as freight is steady and there's no major hiccups, you'll do fine. Problem is, this is trucking not la-la-crack-smoking fairy and unicorn land where things always go right. And when things don't work out, its much harder to get out of this lease business then it was to get in.

There is a whole industry within an industry helping people cut corners to getting started. Some people with business acumen will hit the pavement rolling and have no problems, unfortunately most will not. You'd (probably) never sign that much of your own money abd negotiating power if you had worked to save it.

 

Ok, that makes even less sense. Does turning the truck in early put a mark on their credit or DAC?