Why would you lease a truck

If the company let me turn the truck in with no negative hits to my credit I'd lease just to see if I was cut out to own my own business. If I make the grade and complete the lease I'd have the experience and confidence to go out and finance my own truck. Though let me say if I did ever lease it'd be with a company where it was possible to succeed in such a lease.

 

a real lease is where ya lease a truck from a leasing co. and do what ya want with the truck for the term of the lease .
a fleese is where ya lease a truck from a trucking company for the priv. of maybe no forced dispatch ,and being an indentured servant to the co. with no benefits for less money than the co. drivers make .
see the difference now ?

 

I would NEVER recommend the fleece purchase these companies jam down drivers throats...save a little and buy your own, at least you're not paying the company's truck payment

 

advantage of leasing rather than being a company driver?

Well I'll use myself as an example....
I left .48 on the table at Shaffer, went to Schneider and leased a truck but the only reason I did it was for the program here.
Where I am in control, I pick my freight from thousands of loads, tons of open window drop and hook loads and I am paid on %
Financially I am earning more and working less and can do whatever the heck I want pretty much and don't have to deal with a dispatcher.
I always believed the whole CPM thing was a scam anyway.
I'm in Chicago and tomorrow I have a load going 107 miles that pays $510 to the truck.

There's many many terrible flease programs that pay by the mile.. Celadon for example pays freaking $1.18 a mile
So say based on 7MPG and $3 a gallon.. A Celadon driver tomorrow would have to drive 600 miles to earn what I'm earning driving 107 miles (revenue after fuel costs)

Leasing a truck CAN work depending on the company and program.

Just like O/Os always say.. say no to cheap freight!
Well say no to cheap paying flease deals

There's tons of cheap freight and tons of cheap fleasing companies but that doesn't mean you have to be the sucker.

 

why would you lease a truck?

firstly, the be at least one step above being a company driver

secondly, the have a "feeling of some indepence"

and lastly, as i was signing my lease with a mega some years ago, "to increase my earning potential"

now that being said, i have no idea how bad these lease operators or lease purchase operators have it, but i actually think it taught me more about the business and how you have to "push back" to get what you need done so you can be profitable

if you are a yes-man, then lease purchasing is not for you, because the company is out to screw you, make no bones about it (but they are screwing you as a company driver also)

but if you have a backbone and know when to speak up and when to shut up, i still think its better than being a company driver

let me also add, when i was leasing, we had paper logs and i made money

this elog and leasing is like trying to run a race with a ball and chain on your ankles

 

you see the problem with that is that you are making less money, so how are you going to save?

then you barely scrape up enough for a down payment, now you are married to a leasing company, and if the truck breaks down, you are screwed also

so there is no "easy path" and different folks have had different ways of getting their trucks, but i have always looked at this "work as a company driver and save" as a long dark hole with maybe no end

 

I'm leasing through Schneider finance. You can bring a truck over here if you wanted to.
This isn't a scam place, in fact they want you to be happy and successful which is why they even offer a one year lease here to "see how you like it".
Try getting that at TranScam or Celadon lol

 

Lessee...

I made a lot more than the company guys do...

Went where I wanted on my own terms...

Paid off the note...

Its my truck.