Lease purchase

Discussion in 'Lease Purchase Trucking Forum' started by rcassidy, May 18, 2016.

  1. rcassidy

    rcassidy Bobtail Member

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    Mar 14, 2016
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    I only have a little over 4 months experience. I was wondering how a lease purchase program works? Do you have to pay for your own insurance for the truck and trailer? Gas? Maintenance? Do you get a percentage of each load you drop? Any good companies with a lease purchase program?
     
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  3. flood

    flood Road Train Member

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    Just my 2 cents but your not ready
    You don't know enough
     
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  4. Toomanybikes

    Toomanybikes Road Train Member

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    You pay them money to work for them.

    They call all the shots you pay all the bills.

    They get rich you get to call yourself a "business owner."
     
  5. STexan

    STexan Road Train Member

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    Plenty of discussion elsewhere in this forum about "lease" programs. Most of them are a ripoff where you essentially rent your own "job"

    Yes, you pay your own rent (lease), insurance, maintainance, tows, repairs, fuel, losses, taxes, tolls, etc. if you have any left in the bank at the end of the year, it's your salary
     
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  6. roll_tide07

    roll_tide07 Light Load Member

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    May 17, 2016
    Birmingham Alabama
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    It works like this!!
    1. You pay way to much for a truck.

    2. You pay way to much for all the extra bull they add on like insurance, Qualcomm, maintenance etc.

    3. You have very little say so in governed speed, productive loads. Where you can get truck serviced at.

    4. You are paid very little which keeps you running the truck, and not going home so u don't fall behind and live off cash advances.

    Company laughs all the way to the bank, and takes their truck back whenever they feel like it, and You have nothing to show for it but empty pockets.

    5. You come on to the bad company section to join the rest of the winners with a some lease purchase company done you wrong song.
     
  7. spyder7723

    spyder7723 Road Train Member

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    In a typical lp offered by a carrier, you pay for everything related to the truck. With the exception of those that pay by the mile (aka CHEAP) usually pay for plates and tolls.

    So the costs would be, fuel, all maintenance, bob tail and physical damage ins, workmans comp or occupational accident insurance. Plus any incidentals for the job.
     
  8. spyder7723

    spyder7723 Road Train Member

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    Those 2 cents are worth tens of thousands.
     
  9. Florida Playboy

    Florida Playboy Road Train Member

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    Paying for a job is never a good idea. You can't even call it a "business" because virtually all these fleece purchse deals have a clause saying that only the leasee can drive the truck. So you can't lease a truck, put a driver in it, and relax at home while the dough rolls in.
     
    Old school 362 and UFO Thank this.
  10. STexan

    STexan Road Train Member

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    "While the dough rolls in" ... Really? Where do I sign?


    That's cold, man.
     
  11. Pepper24

    Pepper24 Road Train Member

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    Any time it cost more to start a lawn care business, then a trucking business should tell you it not a good business venture. Do yourself a favor look for a good company job
     
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