TRANSPORT AMERICA LEASE PURCHASE

Does anyone have any information about doing a lease purchase with TRANSPORT AMERICA? Good deal? Bad deal? Anyone currently doing a lease purchase with this company?

 

I'm not really looking for a bunch of beat downs. Lol. I've been driving for TA now as a company driver for almost a month now. So far I'm very happy here. All I know about their lease plan is you have to drive for them for 6 months before they will consider your qualified for their lease purchase. And that they have 3 different kinds of lease plan options. So far I'm impressed with the way they operate, and they have been treating me very well. I'm driving a nice 2015 Kenworth T-680, I get plenty of miles. If they run their lease plans like everything else I've seen here so far it might be worth looking into. I just wondered if there is anyone who has leased with them before, and what they thought about it?

 

I'm pretty certain I've finally found the company I'm going to stick with till I retire. I can buy a truck if I wanted one that bad. I have excellent credit and plenty of money for a down payment. I'm well aware most lease purchase plans are a ripoff. I'm just curious if anyone has ever done a lease purchase with TA and what their opinion of it was. I don't think this company is out to ripoff drivers. They actually do put the drivers first. It's not just a bunch of talk like most trucking companies are famous for.

 

Yes I used to drive for SEC. They where not a bad company to drive for. I just got tired of hauling rolls of paper and scrap paper from recycling centers. The benefits weren't so great either. I also wasn't getting to much of the Western freight that made me overlook some of their deficiencies. If I had lived closer to Lawrenceburg it would have been ok.

 

You brought up some good points. My biggest concern about buying or leasing a truck is how mechanically unreliable, and prone to breakdowns these new trucks are. When it's in the shop your not making money your losing money. Before I would ever sign a lease purchase contract I would hire an Attorney who specializes in contracts to examine the contract for a professional opinion. I would also require the company I lease from to give me the names of some other driver's leasing from them so I could get their opinion. I'm not saying I'm going to do a lease but I'm always looking at my own options. I've been driving a truck now for over 20 years so I do know a little bit about this business. I think when Donald Trump is elected President, within a year or two the economy will begin a rapid expansion and owning a few trucks might be a good investment that could make you some good money.

 

If you make $1000 gross on a load, I would think a realistic profit margin would range between $15 to $20 on that $1000 after all expenses. That would include paying your driver a reasonable wage, insurance, fuel, equipment, permits and taxes, and other cost associated with owning a truck. If you own the truck outright your profit margin would be considerably more. You would have to operate at a loss or have very little profit for some time. It takes money to make money. If you start a business with borrowed money, and little capital in reserve to meet unexpected expenses and losses you most likely will fail. You have to calculate how long you can operate at a loss before you begin to see a good return on your investment before you run out of capital.