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Questions about Owner Operator

Discussion in 'Experienced Truckers' Advice' started by EasyMoney025, Nov 7, 2011.

  1. Nov 7, 2011 #1
    EasyMoney025

    EasyMoney025 Light Load Member

    52
    11
    Nov 5, 2011
    Murfreesboro, Tn.
    0
    I was an owner/operator with the company im at now. Now understand when i say that i mean i drove the truck of my choice purchased by my wifes dad and worked for him. Like most things business and family dont mix, im looking to go to another company but like having my own truck and i know Swift and J.B. Hunt as well as C.R. England have lease purchase programs. I just want to know if it is worth the money to lease/purchase with someone like that. I have not heard anything about it good or bad so i need an HONEST opinon. Not a bunch of the usual trucker B.S. I got a family and i dont want to make a bad investmet.
     
    EasyMoney025, Nov 7, 2011
    EasyMoney025, Nov 7, 2011
    #1
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  3. Nov 7, 2011 #2
    jmcclelland2004

    jmcclelland2004 Light Load Member

    204
    91
    May 22, 2011
    Modesto, Ca
    0
    Almost everyone here is going to tell you to stay away from lease purchase. I have never had any experience with them but from what I understand the contracts are written to favor the companies. This is more of a heads-up for what you are about to hear than it is advice.
     
    jmcclelland2004, Nov 7, 2011
    jmcclelland2004, Nov 7, 2011
    #2
  4. Nov 7, 2011 #3
    rollin coal

    rollin coal Road Train Member

    13,494
    27,567
    Mar 29, 2008
    TN
    0
    The search function is your friend. Lease purchase is a very difficult way to make it in this industry and a really bad way to try "ownership". Expenses are high a profit is nonexistent. Very few make it. The ones that do have a sound business mind, and they seldom get home to see family. I say don't waste your time/effort but its your choice good luck.
     
    rollin coal, Nov 7, 2011
    rollin coal, Nov 7, 2011
    #3
  5. Nov 7, 2011 #4
    BigKid2

    BigKid2 Road Train Member

    1,698
    481
    Nov 16, 2008
    Indiana
    0
    While I do agree with the previous comments that most companies that offer a lease purchase are pretty much screwing the drivers there are some like the one I am in that are better. After truck payment, insurance, fuel and maintenance account I am making about .56 per mile. Our program is set up where you own the truck at the end also. Company is American Central Transport.
     
    BigKid2, Nov 7, 2011
    BigKid2, Nov 7, 2011
    #4
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