Failure is inevitable? Lease to own.

Actually, that's not what you're doing at all. And frankly I am sick of you using the term "fleece purchase". Here's the deal man. I know plenty of folks personally who have successfully fulfilled their leases and walked away with a truck. It comes down to common sense. You need to know what you're getting per mile. If you're getting paid by the mile, you shouldn't be ok with anything less than $1.60/mile. Yes, you can sustain your payment and escrow if you go under that, but you will not be able to replace your ride. That's a guarantee, unless you are ok with being stuck in the cycle of leasing. That being said, there is nothing wrong with that either. As long as you are realistic with your financial goals, that may work for you. You'll still end up doing a little better than a company driver. Just keep in mind that your tax situation will shift, and bad planning in that area is where lease guys fail. Folks talk about fuel prices and mileage and blah blah blah. Yes, it matters. But, taxes will get you before anything else. Be smart, and run smart with your hours, and you can and will succeed. Your best bet is to go find a company that pays on percentage, and has a good fuel program. There are definitely good companies out there. It isn't a myth, it isn't a unicorn. And yes, you are absolutely a troll. Whatsa matta son, did you get burned because you weren't paying attention?

 

P&s has a decent l/p program, payments are around 425 to 450 a week, terms are from 24 to 48 months depending on the truck age. 100% walkaway. You must sign on as a company driver for a minimum of 90 days so they can see how efficient you are and if you are able to make money. They have a built in system that if the truck makes a minimum of $3500 gross revenue, the driver will take home no less than $750 after expenses. Obviously they have restrictions on what can and can't be done to the trucks. Trucks are speed limited too 68mph, you'll have a dual way facing camera until the truck is paid for, you can not physically change the truck till paid for, any add ins like tool boxes must be put on by their shops, and once on, it stays with the truck if you give up the truck. Truck gets 70% of the revenue, no trailer rental fees or trailer maintenance fees, you'll pay for fuel after the discount through Love's, pilot/j. No fuel discounts from ta/Petro. You'll pay for your own maintenance via your own cash or through your escrow account taken at roughly .20cpm. you'll pay $20 a week for Qualcomm services, insurance I believe runs a total of around $45 for all in coverage. You can get insurance through a group plan that's still the coverages they offer company drivers, they will deduct payments for it via your settlements, it's not mandatory you take it, and it can be pricey, but it's better than anything you can get through Obamacare.

I've come across several guys who have completed their lease purchase at p&s, many keep their trucks on with either p&s or I've of their companies like Blair, national strategic, mtb, red mountain, or p&s itself.

Just my two cents, your milage may very

 

What is P&S?

 

I will never try to influence anyone ever with my opinions. Life is 100% subjective. I really like the idea of 20cpm in the escrow as long as you have control of it and get it back if you walk away. The best advice I ever received from an IC was to create an account where you put .10cpm in to use as replacement money for a truck, but that's based on a much smaller escrow. Personally, I wouldn't be comfortable with a weekly gross under 5k, but again life is 100% subjective.

 

They are a sizable flatbed company out of Birmingham, they own several different companies, most recently they purchased h&so transportation, formerly known as mizar motors

 

PS LP....what ever. Its a scheme. All I hear is "if you can do this and if you can manage to do that." Understand that you control nothing. The mega LP (or what ever they are calling it) has pure control. Even regarding the freight. They will show you what they want you to pull....and drivers act like they are making some huge business decision. Literally all the decisions are made for you. LPs are "At will employees." In other words you are company drivers. Lp is nothing more than fantasy island trucking.

 

I think Moglar needs a hug

 

Yeah because no one has ever paid their truck off... Either contribute some valueable information or go troll someplace else.


We get it you failed in a lease

 

But wait, next he'll call us recruiters because that's the only explanation as to why we contradict him, lol.

 

I failed at my lease after only 2 months. Got way behind on my bills, house was foreclosed on, managed to save it just a few months back. Far too many restrictions that prevented he from using the brokers I was familar with despite being told different.