Lease purchase

Discussion in 'Questions From New Drivers' started by Mototom, Jun 27, 2019.

  1. Mototom

    Mototom Road Train Member

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    Are there any 3rd party leasing companies? I’d like to own my own truck but have bad credit from a family member using my identity and running my credit into the ground.
    I’m also wanting to get away from dry van work. I thought about looking at bulk tanker or flatbed. My issue is I HATE the northeast and their tiny docks when I get stuck up there for weeks at a time I regret even starting this career.
    It got so bad I made a thread about it a while back. I realize I was being a bit childish but that doesn’t mean I don’t have a genuine dislike of the NE.
    I’ve already started online classes here OTR so I no longer see the point in being local.
    1.Can anyone recommend a 3rd party leasing company or a way I can get a truck with bad credit?
    2.Companies I could hire onto with a year of experience that DONT run the northeast
     
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  3. tscottme

    tscottme Road Train Member

    Lone Mountain leases trucks. Although IMO it;s a bad idea to take on the HUGE financial costs of operating a commercial truck just to stop going to the NE. Lots of trucking companies don't go to the NE and they pay YOU money.

    The people that want to help will need to know wher you live and what kind of trucking you want to do. Or you could just use the search function in the upper right corner and see how this question has been asked before.
     
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  4. tscottme

    tscottme Road Train Member

    Why are you wanting to lease a truck? What if I said McDonald's keeps messing up my order and then asked how can I start my own restaurant with bad credit? How would you feel if you were paying a few thousand per month for a truck AND still getting sent to the NE?
     
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  5. TROOPER to TRUCKER

    TROOPER to TRUCKER Anything Is Possible

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    Don’t do it. Save up for your own truck
     
  6. Chinatown

    Chinatown Road Train Member

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    Where is your location?
     
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  7. Mototom

    Mototom Road Train Member

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    I split it into two questions for a reason.
    If there’s that much money to be had going into the NE I’m not dumb enough to say no.
    I would prefer not to but I’m not religiously against it.
    I have bad credit that doesn’t make me an idiot. I had my own fencing and landscaping business for a while I just got sick of being stuck in Florida.
     
  8. Mototom

    Mototom Road Train Member

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    Missouri
     
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  9. tscottme

    tscottme Road Train Member

    My question was asking you EVEN AFTER YOU LEASE A TRUCK (paying a few thousand dollars EVERY month) you're really going to hate life if the company still sends you to the NE. Leasing a truck doesn't necesarily mean you will decide where you deliver. Trucking companies can and do put picky lease operators into a penalty
    Leasing a truck doesn't necessarily give you the decisions on when and where you haul freight. Imagine your last bad trips but you were paying a few thousand a month while you were being frustrated.

    If you own the truck you have the final decision. Save your money, rebuild your credit. Buy a truck.
     
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  10. Mototom

    Mototom Road Train Member

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    I’m looking at third party leases so I could go in to a company as an owner operator and not a company driver paying for the companies truck.

    Example CFI pays lease operators 1$per mile all miles and fuel surcharge. How exactly are they supposed to make money esp if a planner gets pissy
     
  11. Chinatown

    Chinatown Road Train Member

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    I don't think this outfit has lease/purchase, but worth looking into.
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