Great Lease

Discussion in 'Lease Purchase Trucking Forum' started by rckbottom, Aug 29, 2014.

  1. Pool6710

    Pool6710 Medium Load Member

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    So your saying I cannot make money hiding 150k a year?
     
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  3. Rooster1291979

    Rooster1291979 Road Train Member

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    I don't understand people. The popular view on this forum is lease is bad. Not worthwhile. Stay company, save money then go finance a truck. This is what I don't get about that.

    You are telling someone to save tens of thousands of dollars and invest that into a truck, when they have never had to run a trucking business. They have not had to manage fuel, they don't know freight rates, they have never dealt with IFTA, never worried about tax withholding, no ideas on maintenance costs and hundreds of other O/O issues.

    Basically this is what I am hearing. "Don't lease it's a scam. Even though you get real world experience in many of the previously mentioned categories, have the opportunity to make more than a company driver thereby saving money faster and if it doesn't work you can walk away with no penalties. Leasing is bad! You should blow a significant portion of your life's savings on an older truck (I love how it's always and older truck btw, those never have maintenance issues) and strike out on your own with no experience. There's no way that can end badly."
     
  4. Lucar

    Lucar Road Train Member

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    Actually I'd beg to differ.. in mho, I would be tired of that 5 year old-to me truck and would just trade in with equity in it. So throughout all that time I've been calling my shots, getting my freedom and making decent money with the lookout to continue to do so for the oncoming years while in the saving logic, that driver is barely going to sit in his own equipment.
     
  5. HalpinUout

    HalpinUout Road Train Member

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    So with no experience your expecting everyone to bend over without lube so the CEO of the fleece company can eat lobster 7 nights a week and then after he spits you out to the curb with nothing you might have experience in fleecing but now you have no money...
     
  6. HalpinUout

    HalpinUout Road Train Member

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    HUH? Elaborate please I'm confused
     
  7. nofreetime

    nofreetime Road Train Member

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    Short term your plan looks better, and thats what makes you happy. Long term my plan looks better and what makes me happy. Yes weve established these two things already. So unless youre going present an argument that what im doing is worse plan in terms of the only thing i care about, LONG TERM then your words are going to fall on deaf ears.
     
  8. Rooster1291979

    Rooster1291979 Road Train Member

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    If you failed that badly in leasing you think you would have done better being an O/O? Let's see, you would still have the thousands of dollars you didn't put down on a truck, and your credit wouldn't be ruined.
     
  9. Lucar

    Lucar Road Train Member

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    There's no better or worse. There's only different and merrier..
    There are tons of reasons why I don't buy vehicles cash. I like to switch often, emissions change often (on trucks) engines get better, and on and on..
    We all have different situations and opinions to that, I'll add for example, I'd rather buy my home cash with that money, I'd save over 300k dollars at a 30 year term and instead finance the truck.
    Now that is a long term road to financial freedom. Good luck on your plan.
     
  10. HalpinUout

    HalpinUout Road Train Member

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    The vast majority of you fleece operators credit is already in the toilet and you have no money in the bank therefore you couldn't buy or even get a loan to buy a truck so it wouldn't matter... Ever notice in the first sentence of a fleece advertisement it states "no credit check, no money down" it's like that for a reason because they know dumb dumb who is neck deep in debt is getting wood just reading that first sentence, and then they know when he comes in to read and sign the fleece agreement that he ain't doing any reading he just gonna be signing... One more fish on Mr CEO plate
     
  11. Rooster1291979

    Rooster1291979 Road Train Member

    1,308
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    Sep 4, 2012
    NOLA
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    Been looking into the financial history of most lease guys huh? By your investigation would you put most at 70%? 80%? Just trying to figure out how scientific your research is, cause to me it sounds like the same regurgitated information over and over.
     
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