Wanted- Best Co to lease thru and get % of loads

I second the motion. We are not trying to hold you back, we're trying to give you enough information to be successful. If you can save $6500 in that short amount of time, then keep saving at that rate and wait until you have 2 or 3 years under your belt. Then, you should be able to pay CASH for a used truck or make a healthy downpayment on a new one.

If you do a L/P with CRS, I can almost guarantee you that a savings account will be a thing of the past. Keep doing what you are doing, stick with it, and listen to the veterans who have been there...done that. Don't be just another L/P casualty who comes here a year from now telling eveyone not to do a L/P.

Please, do it right, don't jump the gun, get some experience. Learn on the other guy's dime.

These companies who offer lease purchases are renound for cutting back your miles toward the end of your L/P. They do this intentionally so that you are forced to give back the truck. Then, they just put some other poor sap right back into it and so the story goes.

The ones who are actually honest are still rip-offs. They give you a dollar or so a mile plus FSC, which is not enough to get ahead...it's just enough to maintain. You're getting a pittance while they are getting wealthy. The only way to do it right is to get enough experience to get signed on with a company that pays you a percentage of the gross.

 

Anybody can dock, drive, dock. The better companies as well as the insurance companies aren't looking for a good steering wheel holder, when they require experience, they are talking about all of the situations that arise over time. You cannot possibly have encountered all there is to encounter on the road in 3 months of driving. With experience comes the ability to react to emergencies in a split second. In three months, there's no way that you have already encountered black ice, blinding snow, pulling slick 6% grades, how to deal with breaking traction while under throttle, what to do if your trailer suddenly appears out your left window going down a steep slick grade, what to do if you blow a steer tire at highway speeds...

Man, I could go on and on, but with experience comes the ability to react properly in any given situation. The insurance companies aren't stupid. They are dealing with statistics, and statistics show that after 3 or so years, you have encountered enough hazards on the road to know how to react.

THAT'S what we mean by "learn on the other guy's dime". You're GOING to screw up...count on it. If it happens while you are under a L/P and you're barely scraping by, it's not the deductible that will kill you, it's the down time. Anyone can scrape together a $1000 deductible, but how many of us can afford 3 weeks down during the process of waiting for an insurance adjustor to get his act together, arrange for a shop to fix the truck, then WAIT for the shop to fix the truck?

Anyhow, I hope you take this to heart instead of continuing to argue about all the details. A lease purchase combined with 3 whole months experience spells disaster.

 

yes insurance would probaly cover it if you wrecked...but you still hafta pay the deductable, and that starts at around $1500/ per time
and rates go up after every time you use it

i dont know about self insurance but id assume you hafta be indepentaly wealthy, or own a small island in the carribian

owning a truck will nickle and dime you....every time you get the oil changed its $200 and up, get a leak fixed its around $1000 and up
theres a whole slew of variables and little things that can/do go wrong

no driving is not hard, point a to point b in any truck
but why id like to see you wait is harder to explian
as an o/o, its more about your company making money,not the one yer leased to but YOURS, than it is you making money
maintence fund you will want at least 15k, and that wont be enuff if the motor goes on you
truck payments get hard to make when frieght is slow
tires arent cheap either

at the very least if you deciede to go o/o....purchase a truck from someone else (dealer) and then lease it on to the company, that way if frieght dries up you can move to anouther company