Who will lease to a newbie

if you are gonna lease there truck go work at mcdonalds,,you will make more at mcdonalds

 

I would REALLY recommend driving for several years before considering leasing a truck. Run your company truck as though it is you own conserve fuel and try your own trip planning and book keeping. Owning / leasing a truck is a serious business and not something to jump into without doing your homework. That being said after getting experience and getting your s***t together it can be rewarding and profitable owning or leasing a truck.

 

Assuming your an adult and can make your own decisions:

Some of the starter mega-carriers will. Places like CR England for sure, maybe Stevens or Prime or some others.

Not that I'm suggesting you do it - but that's an answer to your question.

Good luck with whatever you decide.

 

I agree with oldmack but if your bound and determined, transam would just be tickled to get another person to pay for their trucks

 

None of them will lease to a newbie because you are uninsurable!

Why on earth would you want to lease a truck when you have no clue of what's going on out there? There is a lot more to it then parallel parking between cones in an empty parking lot!

If you are serious and are not just trolling us then you need to put in at least a year or two before taking that plunge. Drive company and learn the biz. While driving company, making all your mistakes on the companies dime, keep track of everything you do and see how you make out. You may find you will make more as a company driver. During this time you also want to take great care in building a solid relationship with your dispatcher. Your dispatcher is going to be your key to success. THEY WILL MAKE YOU OR BREAK YOU!!! With that being said, that is the number one reason you don't jump into leasing! Number two is going to be your fuel. This is where you will make your money. You are a new driver right now and have no clue how to drive to make your fuel work for you. Do you know how fast you should drive to obtain maximum fuel consumption? Also a good seasoned, refined driver is going to make money by saving on brakes, tires and maintenance. Do you know how many miles you should get out of your steers? While building your relationship with your DM and keeping score of what you do, while also practicing your driving (here's a tip: dry turns burn up tires and snake backing really eat them up!) you should be taking online biz courses and listening to biz courses on cd while driving. There is a lot of good material on the OOIDA website in which you can obtain for your benefit. Meanwhile you are putting away all the money you earn in a biz account so that when you breakdown, and you will, you will have the cheese to cover it. Keep in mind lease payments are $1000 a week and if you are broke down for two weeks they don't defer payments. So you will be paying for tow truck, break down expenses and lease payments while not making a dime. Oh yeah plus you need a place to stay so add a hotel payment onto that and 7-10 days of pizza bills!

In the midst of all this you are going to want to keep track of freight as to where its happening and where its paying and where you need to set your little truck up to benefit it!

Here's a freebee: 1800 miles a week roughly will break you even. After that you start making money.

A good business plan drawn up ahead of time will help you greatly. The leasee's usually help you out with a bit of a rough outline so that they know how they will be paid but you really want to do this ahead of time. Make sure to include your personal finances in the plan or you will just be cheating yourself. Also very important reason to drive company for a year is so that you can get on company insurance and carry it over to your business so that it won't cost you $200 a week.

Pickin up what I'm puttin down?

I am a 36 year old retired owner operator and use to run an owner operator mentor program for new O/O's. This advice I will give to you at no cost! Make sure to write it down and follow it word for word!

Good luck, now get to work!

 

Not sure why, as a newbie, you would want to jump feet-first into the world of leasing. IF (and I say if) you have been impressed by the "large numbers" bragged about either by the company doing the lease or by a driver or drivers that are leasing, please...PLEASE...heed the advice of the previous posters and DO YOUR HOMEWORK.

It's a business. You will be a small businessman. Why do such a large percentage of small businesses fail? Lack of business knowledge.

I wish you well.

 

FFE is out in your area,

call them.

 

chompi, altho I agree with every word of wisdom you put out there and hope he follows your advice..... your wrong. Lots of mega carriers out there will lease to him and not care whether he lasts 3 months or not.

SURE HOPE HE LISTENS TO YOU AND 48PACKARD THO!!!!