Just signed a 5 year scam lease with Trans Am

Insurance is another reason I won't/can't begin to even consider leasing. My wife needs surgery and I need a couple of check ups right away and the cost of company/group ins is FAR less than what I would have to acquire on my own.

Plus, if the math above is true then I'd far rather drive company and take away all the risk for just 600-800 dollars a week.

 

You need some Jewish lightening.

 

I thought that was SOP at CREngland and a number of other companies...

 

It is, that was his point.

 

you guys do realize most of these whiners quitters and all expect something for nothin romance of the road and most shouldnt ever have been passed by DMV to operate a truck. They quickly show thier colors that they can;t be counted on by too much hometime and having to be switched on loads because no hours left because they also can't trip plan
I have been just fine my manager gets me good loads 3780 miles last week prolly on 2000 this week but i cant burn as many hours as i did last week so i need to suffer a lil now. I have only been home for just a reset I refuse to get caught up in going backwards until my life is moving forward again.
All that said the leases are in company favor no one should lease while wet behind the ears and no one had a gun to my head Talked with a driver last night just completed his first 6 month lease getting a brand new 700 next week EVERY LEASE DRIVER ISNT GOING UNDER

 

Been pretty successful myself, not sure if i spelled successful right.....

Then again I bust my butt and get the job while keepin my eyes on the prize, my kw....

 

I have been able to process the following thoughts about leasing a truck.

1. If you are brand new to trucking, SERIOUSLY avoid any type of lease when you come directly out of the carrier's schooling/orientation program. The OTR lifestyle isn't for everyone and signing your life away on a long lease when you don't know the reality of living on the road for any extended period of time spells financial disaster. From what I've read, many people get away from OTR driving because of the constant life on the road.
2. Go company driver for a while, see if you get along with your dispatchers, driver managers, etc., see whether they can keep you busy (don't get passed over for loads) or spend an inordinate amount of time sitting. If the company is a PITA to work for, it's doubtful it will get any better if you are a L/O or O/O.
3. Talk to other L/O's who solo (or team, if that's where you want to go). See how consistent their freight is, miles driven, home time and so on. Look at their expenses (vehicle lease payment, recurring maintenance, tires, other holdbacks, insurance, etc.), against your projected gross cpm, see if it is doable on paper.
4. There are tax advantages to leasing and being your own business vs. a company driver. I can't speak to that,
5. Lease-Purchase options might give you a decent lease payment but the purchase price at the end of the lease is most likely higher than what you could get by buying a truck from a dealer. BUT the positive side of purchasing the truck you've been driving for the past few years is that you know how it's been driven, how well it has (or hasn't) been maintained and whether it's worth shelling out that kind of money in the form of a used truck payment vs. starting a new lease with a new(er) truck.

Now, a question for those of you who are in the business: Are there any advantages to leasing a truck from a 3rd party agency NOT affiliated with your carrier? Or does that even happen?

Again, my comments about (any) drivers leasing their equipment are based on what I've read here and other places and not due to my own experience as a professional driver (which is none).

Rick

 

HA HA HA........Yeah like there is a L/O that hangs around the terminal and likes to bragg about his earnings to the new hires and just so happens to have his tax returns on him. Who in Hell carries around their tax returns and shows them to total strangers? I sure don't.

I suspect that a POS company that is ethically challenged would do just about anything to con a new hire (the mark). It's like they are running a con game instead of trucking company. I'll bet they spend more time and effort trying to make money from, and off of, the drivers than they do hauling goods, but I wouldn't want to be a company driver here either, I'm sure a place like this is screwing the company drivers too. This place sounds like KLLM in Richland, Mississippi, those reefer companies are rock bottom.