Barlow transportation

Pleas be careful with a lease purchase no mater who it is from

 

This!! Lease purchase programs are usually a quick way to go broke and be driving for free, or paying to work.

 

My research has consistently shown that it costs about $1.25 / mile to move a leased truck, give or take a few cents based on differing fixed costs. $1.03 + 0.42 fsc = $1.45 / mile. You'll be 'earning' $0.20 / mile. Still think it's a good deal? The cards are stacked against you unless you're grossing around $2.00 / mile to the truck.

 

Darn good point

 

u do a l/p all ur doing is paying them to drive their truck & u got all the expenses

 

Unless you become a owner operator it makes more sense to be a company driver. Everyone needs to start a 401K when they are young. Everyone needs health insurance and disability insurance.

Leasing is nothing but thoughts of bigger paychecks and ownership when it just isn't true. Them taxes still have to be paid. It's much easier to pay taxes weekly as a company driver.

My thoughts are no credit check leases are for the ones that can't obtain conventional financing. If they failed there, they'll fail at any business. Of course there are a few exceptions. But for the most part that holds true. One has to be good with money and be able to save and manage money on a tight budget.

When you pay weekly and go home one week, you automatically go in the hole. Then you find yourself trying to catch up. One bad week and you are behind. We all see more failures than success stories. The odds are stacked in the companies favor. That's why they do it.

 

Agreed, CREngland is notorious for this.

I barely escaped with my life, or credit.

whichever.