JCT

My bet is that the "poor" folks who "defend" rich people are the same ones who want to actually earn a giant amount of money some day. Screwing rich people isn't going to help poor people one bit. If you don't want to lease, don't lease. If everyone would actually read the contract before signing, and decided it wasn't for them, they would be just fine. If the entire trucking world REALLY decided to put lease deals out of business, they would quit leasing.

Where there is demand, supply will ALWAYS follow.

 

the idea of leasing is a good idea

a company buys a truck or leases it, then turns the cost over to a driver under a rental agreement, NO PROBLEM

the problem is the shenanigans that are played out between purchase and decommissioning, false promises, and a host of other things solely designed to protect the company and guarantee a certain income/profit, AT THE EXPENSE of the driver

if you have even been sucked into these things, these companies have lawyers write, rewrite, and fine tune these contracts over years

then these companies get unsuspecting drivers who are only trying to make a decent living into a room and give them 10 minutes to read the contract, knowing full well that these drivers are not lawyers, or even business oriented

its a lopsided deal, and no contract should ever be lopsided, it is supposed to be an agreed term between both parties, which it is not (nor is most contracts these days)

life isnt fair, and surely leasing isnt fair, but it doesnt have to be deceptive and predatorial

 

First of all.... EVERY trucking company blabs out false promises, even to company drivers. Heck, Subway makes false promises to new franchisee's. See where I'm going here? And if any company hands me a contract and only allows me 10 minutes to read it, I would be a complete and total moron to sign it, especially if I had questions and wanted my atty and accountant to review it first. The choice is always yours. Nobody will hold a gun to your head and make you sign it. The problem with these bad leases is REALLY the drivers who drop to their knees and swallow it without making sure it's had a shower first.

DON'T SIGN THE LEASE = DON'T GET SCREWED.

I'm betting there are plenty of decent lease deals out there where you can make a nice income and pay the truck off. If a company will not let you THOROUGHLY review the contract and you sign it, that is YOUR problem.

This is a country of choices. Choose wisely. Snake oil salesmen have always been around, and will always be around. You will still find plenty examples of folks to went through supposedly crappy leases purchases, completed them, and have their own truck. Maybe talk directly to them to find out how they did it? Talking to lease failures will NOT show you how to succeed any more than me talking to a truck driver about how to succeed in the restaurant business. Make sense?

 

Well, it looks like I'm joining JCT after all! A year ago I was approved but chose another path. And the trail led right back here. LOL

 

amazing how people can read thru these threads, especially the ones where a driver started out with JCT, talked about how wonderful things were and within a month or two had completely changed their tune

that would be a major influence on me

 

Thanx for your concern, but I've been around a few blocks in my time and learned this: Study the industry, the companies, and the contracts. Then check comments from BOTH the winners and the losers. Most of the winners have double-digit years of experience and the losers...well not so much. Take this info and know your own drive, factor it all and make your move. But NEVER forget...it will be YOUR move and accept the wins or losses as your own. We all chose our own fate! I'm just sayin'

 

First of all, for those of you that is complaining about the contract now. The contract lady, Sheila tells you to take the time to read the contract. It's pretty straightforward. No big words and its in laymens terms. If you are that paranoid then call recruiting and get a copy of the contract in advance.

 

Grabageer good luck on the move, if you got questions, don't hesitate to ask.

 

Well said! Taking the step to lease purchase or O/O means you are now a business owner. If one would not start a business in any other industry because they don't want the hassles and headaches, then one should NOT do a lease purchase or become an O/O in trucking, since it's a business.