i was talking with one of the other drivers today and he says he is thinking about leaving his home daily job with walton and doing a lease purchase..... he mentioned US xpress and he mentioned celadon (a nearly bankrupt company). i think he is making a grave mistake. if he does it he will be paying all the repairs on the truck and making NO MONEY. they will convince him he is going to be an owner op...... but the chances of ever actually owning that truck are slim to none. i advised him he is better off staying at walton as a company driver or buying an older non-emissions truck (something with a 6NZ cat, N14 Cummings, or Detroit series 60) and save the cash for it. start out with an older truck and if you make a profit buy a newer truck if you desire.
i am content letting someone else pay for insurance tires and repairs, but i feel if your going to be an owner-op you are best off not to start out in debt. i also think lease purchases are toxic scams...... stay far far away.
one of our drivers is thinking about doing a lease purchase
Discussion in 'Discuss Your Favorite Trucking Company Here' started by ad356, Sep 10, 2019.
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JohnGER, bryan21384, jethro712 and 1 other person Thank this.
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He's his own man let him call you when he becomes a believer and tell him his replacement enjoys the job he gave up.
JohnGER, jethro712, Texas_hwy_287 and 1 other person Thank this. -
oh i intend on leaving the chips where they fall...... i gave him my opinion now its up to him make wise/unwise choices. he said he is sick of working for other people, sometimes you are better off i think. lease purchases pray on these types of people that are "sick of working for other people".
but it is his problem if he decides to do it.C.O. Jones Thanks this. -
my current job, i show up to to work, i load milk and go to the plant if scheduled to do so and go home. no ELD and rarely any communication from the boss. i saw him at the shop today (he has been driving too). it was 5 minutes of non-job related small talk and on my way. he knows i know what i am doing and leaves me alone. i think that's not too bad.
NavigatorWife and G13Tomcat Thank this. -
Problem here is, one of your drivers is *not* thinking. I got my own truck but I'm leased on. Aaaaaaand it's time to jump ship. I cannot IMAGINE what it would be like if *my* truck was leased through the company I'm with right now. I'd be out of options and SURE out of a lot of money...
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Lease purchase means you're still working for the trucking company, but with many more headaches.
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if my truck breaks right now, i write it up and tell the lead mechanic...... get into another truck and keep going...... its NOT my problem, the milk still has to be picked up so i wont loose any income either.
G13Tomcat Thanks this. -
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Lease purchase is nothing more than a way for the company to pawn off the operating expenses of the truck on to somebody else, while they still take in all the revenue.
NavigatorWife, Frank Speak, bryan21384 and 5 others Thank this.
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