Why are drivers conned by lease purchase

First lets put a different perspective on this Lease purchases might all be bad if you are A.) a truck driver I am not a nice person in person and I sure as hell hate listening to whiny steering wheel holders bash everything that you aren't doing. Lease purchases are set to succeed at a specific ( oops smaller word) a set amount of miles per week. i.e. most are set at 2000 miles of short haul ( less then 400 miles per load). But since steering wheel holders want to bash everything anyway I will move on. Yes the price of the truck is over priced per week ( mine was 450 a week for just the truck) plus all the other stuff ( 850 a week total for everything for mine LP). So in order for me to break even I needed 2000 miles of regular freight to make that payment plus my cell phone and storage unit. Yes I didn't make what a company driver made but I didn't have as much hassle as the company driver either. Would I do another LP? maybe if I found the right one. The difference is what kind of discipline can you maintain. when I left the company begrudgingly had to hand over more then $2000.00 in reserve and maintenance account funds back to me because I had maintained a positive balance in both. Only downside to the whole thing was I had little time away from the truck I was constantly looking for freight because I needed to make those payments. Also I was in constant contact with my accountants and the lease guys as much as my dispatcher to make sure everything was going smoothly. It did help my dispatcher ran me as hard as I wanted too. plus the over sized loads she fed me was keeping me on the plus side. Even if it does sounds too good to be true, sometimes you just have to try. Later

 

*yaaaaaaaawn*

NEXT!

 

Talk about whining? Let me pause to shed a tear for you...poor baby!

 

Cpape: I looked at your web site and your company also has a lease purchase. So lets hear your deal. That should say a lot about your company

 

I learned that hard lesson with my first trk.

I can spend the money on stupid stuff because next week I will make the same amount or more. Wrong...

Was a learning lesson and I learned from that.
Had I not saved my money from 2008, I would not have survived 2009 with the screw up year 2009 was.

I work hard 10 months of the year and then my wife and I fly home during the winter.
But we save or money and use it to pay the truck bills and still make payroll for the off times.

Lease purchase is not for everybody, nor being a bussiness owner.
Some people are just better off being employees I think.

 

A recruiter and not a very good one lmao. I make money with L/O and have owned my trucks in the past and still have my own authority so you statement that all are scams is bs
The biggest advantage of the L/O is you get a break on ins,tags, Dont have to worry about loads and the truck will be repaired without you having to break your own bank.
I admit its not for everyone but if you have a brain and a little biz savy you can make money as a company driver and a L/O .