Good lease purchase?

Discussion in 'Ask An Owner Operator' started by cumminsISB, Feb 18, 2011.

  1. cumminsISB

    cumminsISB Light Load Member

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    Feb 5, 2011
    D'Lo, Ms
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    Looking for a good lease purchase program with no out of pocket expenses. The company I am leasing from now has done me a good job just not making any money! They give me a fuel card and I paid for my tag in payments so I basically leased the truck with no out of pocket money....looking for that but with a company that gets better freight rates and fsc. I also have very little van experience, no reefer but about 6 years flatbed. Thanks
     
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  3. Mr. PlumCrazy

    Mr. PlumCrazy Road Train Member

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    And Here is the List
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    :biggrin_2559::biggrin_2559::biggrin_2559::biggrin_2559::biggrin_2559::biggrin_2559:

    I would List the bad ones but that list is to long
     
  4. cumminsISB

    cumminsISB Light Load Member

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    D'Lo, Ms
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    ok since there are no good ones how do you get into owner-operator with no capital to start? I have the credit just no operating capital?
     
  5. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

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    Hesperia, Ca.
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    You need CAPITAL to be O/O. You need to pay for fuel, insurance, plates to start. You've been on a lease, it didnt work, don't you get it ?.... You need money to make money.
     
  6. Krooser

    Krooser Road Train Member

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    Wisconsin
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    Sell everything you own so you have the $$$... but, again, why would you do this in this economy? This ain't 2006.....
     
  7. Big John

    Big John Road Train Member

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    Your business plan.

    1. Start a business with no money.
    2. Operate a business with no money.
    3. Try an operate your business with someone else's money.

    All on a lease purchase program where the company is doing it because they make money and you don't and more then likely if you drove the same truck as a company driver you would bring home more money.

    Company's don't do lease purchase programs because they care about you and want you to become a successful owner operator, it's because it is a good business plan and they make money by doing it.
     
  8. Diogenes

    Diogenes Light Load Member

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    With no insult intended, you have been driving for 11 years and have no capital to start a business? Trust us on this; you will net no more with a lease truck than you can net as a company driver. Most likely you'll net far less.

    You are trying to do something -- in a hyper-competitive industry going through the nastiest recession in decades -- that can't be done. Becoming a lease purchase victim is not the way to enhance your income.

    This a is 2011, not 1971 and the best way to make a fortune in trucking today is to start with a larger fortune. :biggrin_25523:
     
    Diesel Dave Thanks this.
  9. COAL MINE TRUCKER

    COAL MINE TRUCKER Bobtail Member

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    Aug 10, 2010
    Northeastern PA
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    :biggrin_2559::biggrin_2559::biggrin_2559::biggrin_2559:
     
  10. COAL MINE TRUCKER

    COAL MINE TRUCKER Bobtail Member

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    You need to go to your bank. Talk with your accountant and get a busienss plan made up. You should qualify for a low interest small business loan or a SBA backed loan. Good Luck
     
  11. mike91118

    mike91118 Medium Load Member

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    Feb 9, 2010
    clarksville,tennessee
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    a good one is henderson trucking out of caseyville illinious
     
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