Good 1st lease purchase company?

I think lease operator can work but it's true more fail than not. I'm on my 3rd run at it and it remains to be seen how it works out this time. I think dart is an excellent choice for first time because they provide you with more support than other companies but they also do not pay as well. Check out some of the many threads on lease purchase and ask other drivers that are with the companies you are considering.

 

You are very correct on that

 

The short answer is. That you are treated like a company driver, with all the responsibilities to the company and truck of an O\O.

 

I like my deal with quality, if I don't like we're I am, I just move my truck, and yes a lot of them you can not move the truck

 

Mostly true but you do get more freedom than a company driver. You can fuel when and where you want. You can refuse a stinky load. You don't worry about answering for out of route if you've chosen to go a different way. You take home time when and where you choose based on if you think you can afford it. You don't get nagged if you take a 12hr break instead of a 10. It just comes with a little more respect.

 

Because the majority of truckers who get into them are pie-eyed, don't have two nickels to rub together, don't know business math, and don't have discipline to put money away.

 

Simple. Most people never pay off the lease, and until you do it is not your truck.In essence, you are paying for the company's equipment. You have the "privilege" of:
Paying for their truck
Fueling their truck
Licensing their truck
Paying the tax on their truck
Insuring their truck
Maintaining their truck
Servicing and repairing their truck
Don't believe me? Go to Dart, CRST, England, Schneider, Pam, or any other others lease their truck and then try to take it somewhere else before you have the title in hand. You will quickly discover that it is not your truck. You are not an O/O, you are the person paying for their truck and receiving none of the benefits.
I realize that many people on here are participating in this scam and believe that it is good. Many of us have even successfully completed these programs. This is not a gateway to becoming an O/O.
But hey, do what you want.

 

When do you have a title in hand (in your name) when you buy a truck? After the last payment is made.

It's up to the driver to do his/her due diligence on companies that do l/ps. Yeah, many will put you at a disadvantage. But there are still some companies that want you to succeed. Still, it is up to the driver to mind his Ps and Qs. Success or failure rides on managing that large check, and not letting it go to the cable bill, new car payment, and vacation fund. In this business bling means failure; and I don't care how many Andrew Jackson's you chase.

 

One point you forget. Just because you complete the lease does not guarantee that you will see the title to the truck.

 

That's where doing due diligence is a must. A contract, and every pay stub showing a payment, should win in court.

I read about too many drivers who would rather walk away from a situation that would be easily proven in court. Having a few thousand in an emergency fund would get a decent lawyer to win a claim like obvious breach of contract. Vultures count on the drivers walking away, not dragging them to court.