Lease purchase

Sounds like transport 21. They do the same thing with the multi company lease options.

 

You're leasing from a private company? It says nothing in the lease about "must lease" with a certain company?
Take that stupid lease contract to a lawyer or to OOIDA and have a PROFESSIONAL read the thing and then do as they say.
NEVER SIGN A LEASE WITHOUT A LAWYER! NEVER! Unless you are or were one then you know the saying, Only a fool has a fool for a customer!

Next when you get OUT of the lease and think to sign another one try to research a lot better than you did when you were told PTL!

PTL has several threads here in TTR that would have you running with both hands holding your arse for the hills in fright!

 

so im taking it its not a good idea to lease a truck?

 

It's not much of a lease if you HAVE to work for their "approved company" list! It's funny but Ryder, Penski and the few other GOOD companies could care less where you lease on as long as the bills are paid! But they also have a "higher standard" as to who they lease to. If you don't fit their standard it's a pretty good idea that you aren't a good candidate for a lease BUT all those other companies will take you in a NY minute and when I say TAKE I mean TAKE you!

 

Help! It sounds like Celadon buys a truck, uses it and leases it to a driver under the name Quality which is owned by Celadon Corp. Then the driver leasing the truck must run under the authority of an approved carrier and leases the truck on to that carrier. The driver is paying for the right to use the truck, as long as he pays the leasing company, who then turns around and pays the money back to Celadon.

WOW! Now that we are clear on who's footing the bill, let see if we can figure out where the 10# cast iron wrench is hiding!

 

leasing a truck is NEVER a good idea... I hope I wasn't unclear ! why would you pay someone to have a job, lets be clear truck driving is a job.. do pilots lease planes ? do engineers lease locomotives ? do captians lease boats ? maybe a few rich dudes do.. but trailer park, truck driving school grads don't......

 

We made it through our lease and bought our truck. I'm sorry for those who didn't make it, but...

Nana nana boo boo! I got a truck and you didn't!

 

It is important to have a business attitude and some operational guidelines.
1. Cash is King. Have enough Cash to go two months without a pay check in the event you get sick or in a wreck.
2. Plan your Work! Work your Plan! Set a realistic and obtainable Goal. If the top line of the budget is met, then managing cost is a lot easier.
3. Save enough money for an overhaul. It's cheaper to replace the engine than buying a whole Truck. Trucks should last Ten years with a good PM program.
4. Stay healthy, Nothing else matters if you don't have good health.
5. Have a working relationship with a Bank!
6. Get your own Authority and Trailer and cut out the company as the middle-man. The companys are profiting from the drivers hard work. Put fees they charge you back in your pocket instead of theirs.

I figure some common business sense would help those seeking to become self employed.