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Lease Purchase Programs Are Not Bad! (Let Me Explain)
Discussion in 'Lease Purchase Trucking Forum' started by jacolbyhud, Oct 8, 2016.
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The people who loose there house over leases allowed that to happened, if it's not working you (walk away)
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What do you learn running on a mileage pay lease with forced dispatch. Just enough to know that you have to work your arse off to get buy. You don't learn rates and lanes, all your insurance, tags, ifta, and billing is handled by the company, repairs are at their shop or dealer.
I say doing a lease from a mega and buying your own and being on you own is different as night and day,clausland, driverdriver and stayinback Thank this. -
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The devil is in the details. I bought and paid for 2 tractors from the carrier I was leased to, northAmerican Vanlines in the 1980's. They were more like a purchase, loan interest and terms clearly spelled out, titled in their name until you either paid it off or turned it back with no penalty or repossession.
If you start to involve other contractual items like mandatory maintenance funds or early termination penalties then it can and does become a lousy deal. -
How would they get the knowledge and experience of all those things without becoming either a LP operator or and O/O? Either way, its a risk.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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