Lease Purchase, share the do's and don'ts with me please.

Maybe "sub- contracting" would be a better definition

 

Lease and Lease-Purchase are not the same thing. My last trucking job was with a small company where all but 2 drivers were lease-operators. The small trucking company used their credit and their relationship with the local KW dealer to get Full Maintenance Lease trucks from KW and insurance and the lease-operators paid the direct cost for both. The company made no profit on any of those costs. For the 2 company drivers, we were paid CPM and the trucking company paid all fixed and operating expenses for the truck. The lease-ops could walk away with 30 days notice and not owe anything to the trucking company. It was honest and open in every way. Every company is it's own world. Don't do business with liars. Know wo you are doing business with and protect yourself at all times. Read the contract, every word of it, have a lawyer read it if you don't know what you are doing. Don't lease-purchase unless you have specific guarantees in the contract protecting you. Lease-purchase contracts often overcharge the sucker and promise little from the trucking company except they will spend your money before they give it to you.

 

If you had the balls to place your question in this site , that means that you will have the humbleness to do what these people here are advising you .
10 years ago I asked almost the same question in this site. 10 years later I'm here still. I listened to the majority of people here. very wise truck drivers .
my advise to you will be . you either drive for a company that pays you well , give you all your benefits, vacation , home time and treat you as a human being, etc etc OR you become 100% independent O/O.

 

Except I have a lease agreement for my truck, not a sub-contractor contract.