The devil. aka “lease purchase”

Discussion in 'Lease Purchase Trucking Forum' started by Gabe2790, Jun 16, 2021.

  1. kitcarguy

    kitcarguy Light Load Member

    110
    127
    Mar 18, 2021
    0
    Im a nobody in all of this but his videos are very informative. At least to a new guy like myself
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. MysticHZ

    MysticHZ Road Train Member

    5,811
    5,551
    May 28, 2010
    0
    Being new, they're informative only because you've yet to learn.

    YouTube trucker videos are like truck stop lunch counters. A lot of talk, a little of it entertaining, even less of it informative.
     
    kitcarguy Thanks this.
  4. bad-luck

    bad-luck Road Train Member

    3,017
    5,396
    Nov 16, 2013
    Baltimore, Maryland
    0
    Leasing a truck benefits the company, they don't have to pay for repairs, fuel extra...
    And they don't pay you the going rate for miles. Most leases end in failure. However there are some exceptions. But in my opinion its a bad idea.
     
    Gabe2790 Thanks this.
  5. Lucky12

    Lucky12 Medium Load Member

    600
    2,297
    Nov 24, 2019
    0
    Best lease purchase scheme I've heard, if bottom line is given highest weighting over all else is to be a trainer at a mega that trains running team style. Make all the miles the truck runs, so gross 6-8k a week. Clear 3k or so.
     
    Last edited: Jun 19, 2021
  6. Gabe2790

    Gabe2790 Light Load Member

    112
    112
    Mar 23, 2020
    0
    This is how I am viewing it. As I’ve stated a few times (its almost like a few need help in the areas of reading and comprehension) I have zero plans of owning the truck I’d be leasing, rather, using it to earn exponentially more. I would then use the increased cash flow to position myself to either buy a used truck and go through it with a fine toothed comb, or finance a new one. Probably the first option.
    Either way it’s as you said, a tool.
    Thanks for the input.
     
    slow.rider Thanks this.
  7. D.Tibbitt

    D.Tibbitt Road Train Member

    19,660
    130,552
    Apr 26, 2013
    Gettin' down westbound
    0
    If you want to get into the business , id thats really where you want to go in this industry, then by all means start where u think is the best place to get in at. You are in for an experience no matter where u get in at. It sounds like you understand the pitfalls of a lease but also have a goal in mind to not only own a truck but to see the real numbers for yourself. A lease is a great way to do that without actually owning the truck ... The only thing i will caution against is what i said earlier , about how u get your freight. You really are set up for failure if its thru a dispatcher. Its best to be able to have the ability to work and book loads on your own ... If you are wanting to run flatbed or stepdeck , the company im with has one of the best lease purchase programs out there, but we only do open deck
     
    Czar_Zero and Gabe2790 Thank this.
  8. slow.rider

    slow.rider Road Train Member

    2,005
    4,739
    Apr 4, 2017
    NYC
    0
    ....almost.... except for the fact that you posted in the lease purchase forum, and even titled this discussion lease purchase....
     
    bzinger and Gabe2790 Thank this.
  9. Gabe2790

    Gabe2790 Light Load Member

    112
    112
    Mar 23, 2020
    0
    You make a valid point. My comment was based on the fact that I had stated a few times what my intentions were.
    Also, I didn’t see a forum titled “lease from a company in order to make more than I would as a company driver and use the extra money to buy a truck” ;-)
     
  10. Gabe2790

    Gabe2790 Light Load Member

    112
    112
    Mar 23, 2020
    0
    Thanks for another great reply D.
    Would you be able to share who you are driving for?
    Your advice about the dispatcher isn’t falling on deaf ears; I’m actively searching for a more favorable scenario. I have a few things preventing me from just being able to take my pick of companies. Nothing legal or record related. My experience is all either on the slope is AK or local.
     
    D.Tibbitt Thanks this.
  11. slow.rider

    slow.rider Road Train Member

    2,005
    4,739
    Apr 4, 2017
    NYC
    0
    I might have bought this line, if you had titled the thread differently.

    :p
     
    88 Alpha and Gabe2790 Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.