Looking for a good lease purchase program

First off you I hope you understand that you need to be AVAILABLE for dispatch all the time. I say available because remember the truck controls your life when you do a lease purchase, not the other way around. This is the biggest problem with so many people who do this, they want to run hard for 2 weeks and go home. Sorry but it never seems to work like that. The only way to make a lease purchase work is to be on the road all the time, yeah it's no picnic, but it's about the only way to make your payments and make a decent paycheck. If you are married or prefer to have a life that doesn't involve the truck 24/7 then I would suggest a conventional loan with as big a downpayment as you can afford oh and make sure you have at least 5,000.00 in a savings account to cover those really bad things that seem to happen at the worst times ( yes Murphy and I are realllll close). Even then you are going to be working alot more than you want to at times. Also a lease purchase is only as good as the company you are leasing with, and there are a TON of crooked companies out here. So just some things to think about before you jump in and find out it ain't worth it. Having started out 20 years ago with a lease purchase through the biggest crooks out here and leaving with my truck paid for, I have learned a few lessons. Also this will be my 4th truck, paid for in a year and after every one was paid for I swore I would never buy another one!!!!! So much for common sense huh?

 

Good luck finding such a lease. There are reasons it's also called the "Fleece Operator", and I'm sure you're aware of those reasons.

I'd buy my own rig and do the O/O thing right off the bat. I'd never do the Fleece thing. There's just too much of your destiny you must put in your company's hands. If your company doesn't like you for some reason......

 

If you aren't going to be paid by the mile, then why do you care about how many miles they give you? Sounds like you are looking for a percentage company with a cpm mindset.

With the narrow restrictions and limits you are placing on this, I can think of no one that might fit the bill. Good luck finding something like this.

 

"1. No Volvo's or Century Class Freightliners. Ok I am picky."


If your planing on becoming a lease operator you will be fighting for every penny. Please note that the two trucks you have eliminated from consideration have the best aerodynamics, in particular the Freightliners.

You may look good in that Pete longnose or KW900, but you will be throwing away $20,000 year or more in fuel.

If you want to be successful in this business you better have a good business plan and make your decisions based on solid research.

Looking at lease companies and refusing to drive a Freightliner is a good indication that you haven't really looked to carefully into things.

Beware, many drivers go bankrupt making rash decisions.

Good Luck

 

I have a quetsion, why would you not want to drive a freightliner? they are one of the best rated bussines class trucks on the road. Be money smart and spend it in the best way you can. No Canada, and flex home time. If you wont Go where the Freight is and make the money as a lease driver then you should stick to being a company driver.

As a lease driver or O/O the key to making a profit every week is, Keep the left door closed and don't spend your money on the BS you dont need. Best of luck brother.

 

bigfoot,do yourself a favor and stay away from the lease purchase program.No matter how good the programs sound you will be at the mercy of the company.If you really have the bug to be an O/O,go out and buy a truck and the lease it on with a respectable company. Most of the drivers I have talked with that are on the lease purchase deal,will never own that truck.Way too many sand traps along the way.And you wanna pick out a new Peterbilt,well best of luck to you.

 

I agree. I have always drove frt shkrs. Companies tried to give me Volvo's, Pete's, and Kenworths but I don't like any of them. Frt shkrs are easy to drive, light weight, have plenty of room for storage, get great mileage, and if they are maintained and I have never been towed or had any road breakdowns in them in over 850 miles driving OTR. And most of them had between 350k a 450k on them when I drove them.

In short unless you get a lemon they are a Money Maker.

 

I was going to buy my own pete (yes, i know about the fuel usage!) and my wife was going to get her brokers license.

In all honesty i'm afraid to lock myself into doing such a thing. TMC takes good enough care of me, and i'd imagine that after the truck payment, fuel, and all the extra's were paid i'd be bringing home the same or even less.

I can pump 500.00 worth of fuel into my bad girl now and laugh, because it's not my bill!!!!

 

just say no dont drive a truck