Why would anyone get into a lease purchase????

Discussion in 'Lease Purchase Trucking Forum' started by haz-matguru, Sep 25, 2020.

  1. PiscesLuv

    PiscesLuv Light Load Member

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    Not sure what you mean but these companies have been doing fine for years now especially Landstar. So even when the rates go down I’ll still be getting 80% of my loads so I’ll still be in position to be fine. Now if I was only being paid 65% then yeah I’d worry but 80% is a good amount would 100% be better of course but running under my own authority isn’t an option for me. I’d rather not have to deal with all of that paperwork on my first go being an O/O
     
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  3. JonJon78

    JonJon78 Road Train Member

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    10-4. Best of luck to you.
     
  4. REO6205

    REO6205 Trucker Forum STAFF Staff Member

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    If freight volumes stay high you might do alright. If the economy tanks, as many believe it will, there won't be nearly as much freight moving. There will be a lot of hungry truckers looking for loads and we all know what that does to rates.
    80% of nothing is....
     
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  5. markealy

    markealy Road Train Member

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    I had 26 k profit last month at USA truckload
     
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  6. Brandonpdx

    Brandonpdx Road Train Member

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    Realistically, what would you or most people being doing with that $100 or less per month? Not much. It's $25 a week.

    I see a tax payment or refund as a settling of accounts. Nothing more. Ideally it would be $0 owed or refunded but I'd rather they owed me $1000 than the opposite. (Bonus! Bonus! Bonus!)
     
  7. kitcarguy

    kitcarguy Light Load Member

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    Whats the lease cost and what associated costs are with it ?
     
  8. PiscesLuv

    PiscesLuv Light Load Member

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    That’s awesome
     
  9. MysticHZ

    MysticHZ Road Train Member

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    I don't give the government any money during the year. I settle my account once a year.

    Even when I was salary the only thing the feds got from me was my SSI.
     
  10. Roguefox

    Roguefox Light Load Member

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    Clint said it best when it comes to deciding if you can be a successful owner op, " A mans got to know his limitations. "
     
  11. markealy

    markealy Road Train Member

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    During the pandemic contract rates stayed the same
     
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