Any successful or happy lease operators out there ?

Hubby has been a L/P with his current company since 2006. Our truck is about 2 years away from being paid off. I know that seems like a long time. But we make decent money, as long as we don't go home very often, or take much time off.

He is very happy with this, and we are currently looking into getting a loan from our bank to pay off the rest of what we owe on this truck. (smaller payments to the bank) After that, we can get our own authority, and make as much, or as little, as we choose.

Judi Kay

 

I just finished the second quarter of my second year as a lease-purchase operator. During my first full year I took home almost $68,000 after all expenses, so yes it is possible to make that kind of money.

There are a handful of lease-purchase operators blogging or tweeting about their experience but this site discourages outside links. I would suggest using a search engine like Google to research as much as possible before taking the leap at a LP plan. Searches like "lease purchase blog" or "lease purchase journal" or similar should give you some starting points. OOIDA's website used to have a section covering LP information but I haven't been over that way in a while.

Good luck,

Jim

 

Hubby is with a smaller company...about 170 trucks.

 

I am with a 300 truck carrier... about 90 company and the rest o/o. I run regional upper midwest and home every weekend, by the house for break once or twice a week. dry box freight. Average about 2900 miles / week. Been with them just shy of two years. Last year was a little better, but this year not bad. Been study.

 

I got my CDL through CRST, and my trainer was an owner-op who had a truck that he originally lease purchased through the company. He was happy about the whole situation, but what bothered me was how he knew that he paid $50,000 for a truck that was worth $10,000, and didnt have a problem with it.

So I guess there are. He doesn't have the internet so you won't be hearing directly from him...he's 60 and hates computers. *Shrug*

 

NOW MY FRIEND YOUR A TRUCK DRIVER AND A TANKER YANKER , when you talk to another driver what do you heare, for the most part woe is me and gloom and doom and for the most part it is just talk. why because they have to much time on there hands.
i for one im happy with what i do and i have 5 tractors and trailers and about to buy number 6 and yes i do very well. and further more i would never discourage anyone from becoming an owner operator if you take care of business and keep your over head down you can do very well and as a matter of fact most that have lost there trucks and went out of business are those that just had to have that new truck , with the high payments overhead will kill you quicker then anything else.
does it makes sense to you to buy a 150.000 dollor truck and put a 2000.00 load on it and expect to pay a 3000.00 dollor payment , not to me and today a used truck is just as good as a new one and makes you a whole lot more money every one of my old trucks that these high dollor driver say is no good turn and burn every week and i cry all the way to the bank.
now pre 1980 to buy a used truck was taking a chance today trucks have changed not the same the have changed radically ther good trucks and the dont cost 150.000 all my trucks are payed for along with the trailers and the newest none is a 1990 model and the one im buying is a pete for 7000.00. keep the overhead low and you can do just fine .
best of luck to you.-----southernpride

 

sage wisdom and advice

 

I am leased to CRST and couldnt ask for anything more. Not becoming a millionaire but I make more than a company driver