lease purchase

"except I wanna skip a step or two along the way". Just file for BANKRUPTCY now avoid the hassles .

 

Besides for all the reasons already covered, The company controls how much money you make.

That ain't good. They got the power of life and death over you. If they want to sit you and starve you out, there is absolutely noyhing you can do about it.

Have them write in the contract that you will be guaranteed a minimum settlement every week, whether they have the work or not. They would never do it, so they can stick their one-sided contract.

 

wow 7% no balloon and no profit....does this sound to good to be true?
would you let us know what kind of truck year make and miles then the terms and note?

 

Some people just need to find out for themselves and thats fine......but again you've been warned..

 

2007 Freightliner Columbia 407.93 per week.

 

10-4...drive safe

 

so your looking at $1,748.27 a month for a truck payment
i would guess that does not included Ins. and fixed costs?

 

That's 1700 a month ( roughly )

Before :

Insurance
Plates
Permits
IFTA
Escrow

Now your pushing 2000

That's allot if you ask me but ... It's your biz so I won't bash

But then fuel ......

Profit margin cannot be too high

 

not saying it is perfect.....

I CAN tell you that based on what I ran the last 2 weeks, saving fuel receipts, etc (the 2 weeks before I converted to lease purchase, using all the fuel receipts miles driven etc) and for 2400 miles I made $819 company side...

If I had been lease AFTER paying fuel, payments, note, insurance, etc.... I would have cleared $1135 per week. (based on a 2400 mile week)

2007 Freightliner Columbia 600k miles.
20 months, $407 per week.
34k note....
early payoff $32k. (interest is about $2,000)

but again.... I have the freedom to turn the keys back in should I wish it,....

I am NOT here claiming KLLM is all sunshine and roses.... but they have less than 30% turnover on their lease drivers while the company driver turnover is close to 100%.....

I have read my contract over numerous times....I did my research....

 

And per week means just that

Not per month - per week

5 weeks in a month some months