Best company for lease purchase

WRITE OFF........TAX WRITE OFF do you understand now????????? ask you accountant, it's called a progressive lease. ALL PAYMENTS are a write off

 

it depends on the company that you are leased to,wether or not they own the truck or lease it them selves--and then you are a sub-lease--in which case-i believe you cant do it as the company is already doing it

 

Cmon dude, be serious. Not working too hard??? I drive team as well. That truck rarely ever stops. Trying to rest while the truck is moving is #### near impossible in some states. You are hauling reefer freight. That means produce in some cases. Possibly multiple pickups, major delays loading/unloading, and grocery warehouses (the armpit of America) to deal with.

I was offering a comparison based on a company team with benefits and a lease purchase plan with none (save the ones you are able to fund for yourself).

Just to clear things up I did in fact enter into a lease purchase program with a company called Trans States Lines based out of Fort Smith Ar. It was not a good outcome. The company was sold twice and each new owner failed to live up to the original lease agreement. When the company was bought out by Burlington Motor Carriers in 2001 I turned in the truck and went back to being a company driver. Live and learn. My experience and information comes directly from my lease experience (not hearsay). No sugar coating or guessing required.

 

1 pickup wal mart dc colton,ca......1 delivery either McClenny, FL, Lake Wales, FL, or Arcadia, FL all Wal Mart DC..not so hard to do

 

Reading the posts, the common denominator to a successful lease is someone has a proven track record of good business sense and knows how to handle money. But you don't make much more than a company driver when you should. You don't have group benefits. If I had a family, one main concern would be having health insurance for them.

When companies offer No Credit Check and No Deposit, they attract many that will fail. They like it when one fails just as much as they like one that succeeds. Either way, they make money while it's an attractive hiring tool. Win win.

The company making more money than you and all they do is supply loads and the basic group coverages, makes them very happy.

Like LMB says he stays out 6 weeks at a time. That's about what you have to do to keep rolling them miles in.

 

Drop and Hooks are the best set up for teams. Less down time. The driving is all the same though. Turn and burn, hurry hurry. That takes its toll no matter who you are.

The fact that you have a pension does put you in a better financial position than the vast majority of guys in here. The guys in here are normally working stiffs that are trying to get by. 1 paycheck at a time. In that case I offer my insight and perspective in an attempt to steer these fellas to a successful career not just a job. As a lease op you have in a sense "bought yourself a job."

Some older workers may have no other choice than to go this route to continue working in todays economy.

 

I am so sorry for stating my opinion here, I have no right to tell you of my money making experiences.
Obviously , y'all know what you are talking about, and you don't need some driver with 35 years experience telling you about a lease purchase. I have to sell all my assets to be able to live and insure my family. It is a shame that I am so broke and destitute. I should have never entered in to that nasty old lease purchase. I am sooooo glad I came here to have all the experts tell me of my wrong doings. Thank you, thank you, thank you.

Last post, have a Happy New Year.......Bye

 

It amazes me that when a driver is successful and shares his thoughts and ideas around here it becomes every A-Holes job to pull him down and piss and whine about him and hope to prove they know better. Jealousy, loud and clear.

 

Its called ENVY

 

The fact that you did not need an income from the truck is not a situation that most drivers are in when they get involved in a lease. You don't need to spend $130,000 to buy a decent truck. In fact, it doesn't make good business sense to start out with a new truck unless you have a very good contract and a good cash reserve. A new truck won't make any more money than a $25,000 truck. If you want a walk away it would make more sense to rent a truck from Ryder or Penske. That way you could at least move the truck to a carrier where you could get more money. Or you could buy a less expensive truck and trailer and finance it through a conventional lender. As an alternative you could go through a leasing company. If nothing else your payments would be about 1/4 of what a carrier charges to rent their truck. It doesn't make good business sense to pay 4 times to rent a truck when you could go through a leasing company or a bank.

Most people do need to have an income when they drive a truck. Most don't have a guaranteed income when they get into these fleece programs. From your post you never completed your lease because you were injured. Some of these programs are a straight lease and the operator never owns the truck.

There is no reason to be in business unless you can make money. There is no reason to buy or lease a truck unless you can earn more than if you were a company driver. It sounds like you mainly want to drive across the country without it costing you any money.

I don't have big equipment payments and have no need to envy anyone. I don't envy anyone who pays a carrier $900/week for a rental truck when they could buy a truck for a few hundred dollars a month when they are only making $0.90/mile. I make quite a bit more and don't have the payments. Nothing to envy there. I don't put anyone down for their life choices. But neither to I see a reason to envy anyone.