Leasing truck through CRE to become o/o ?

Discussion in 'Ask An Owner Operator' started by krpv, Feb 10, 2013.

  1. 48Packard

    48Packard Ol' Two-stop Shag!

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    I believe you made a wise decision. While there are some success stories at CRE, I don't think it would have been as "unencumbered" as you might have thought. I'm a company driver, and unless there is a specific question or issue that needs to be addressed, I get my loads, deliver them, and get the next one. I may go two weeks and not have to communicate directly with anyone in corporate for anything beside load info.

    Get that experience, then go for it. Taking wise counsel shows you already have a good shot at making it. Good luck to you!
     
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  3. Ric Rabbit

    Ric Rabbit Light Load Member

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    ? ? ? I'm Company CRE - ya don't 'ave to Lease . . . just know How To Drive CORRECTLY ( @ 62mph ya get used to it, ain't that bad )!!

    lol The TURTLE's secret was "Trip Planning", beat Rabbit every time !!!
     
  4. krpv

    krpv Light Load Member

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    Yeah dont know but what ive read about cre, for instance them wanting you to lease or you dont get very many miles. Dont know if its true but im already at a company orientation this morning. I can trip plan pretty good, started with elogs to, which i think is harder, or I mean takes more planning in my opinion. Being a rabit got me in big trouble with my last company, so i guess being a good turtle is the way to go for now..... Muhahaha
     
  5. joaquin

    joaquin Bobtail Member

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    j b hunt lease programs 0$down 1-3 years my question for any one with with this programs it s better to get paid by miles by % o pick load out of their board
     
  6. thelushlarry

    thelushlarry Road Train Member

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    I will try to explain how it works CRE buys 300 basic freight shakers for say 80,000 you lease this truck for $500 per week that is $26,000 per year for two years which equals $52,000 now at the end of that term they will sell you that truck for fair market value which is $80,000. Therefore, if you think this is a good deal go:biggrin_25513::biggrin_2557::biggrin_2558: for it. You will live and learn or die trying!
     
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  7. krpv

    krpv Light Load Member

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    Good to know, thats pretty much what i read last night from a cre LO. I thought at first when i leased the truck for 2-3 years it would then be mine, but realized from that post and yours I would still have to purchase the truck for a large sum after that time period.
     
  8. Ric Rabbit

    Ric Rabbit Light Load Member

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    This is not true; while all DM's (driver managers) are human (thus fallible, new, old etc etc ) they will run you based on track record, ability to PERFORM. Think about it - they'll make MORE REVENUE off a company truck than lease-op, all things being EQUAL, so WHY favor one over another . . . (?)

    . . . unless The Truck is "training". ( hehe why they prefer leaseop's training is a whole 'nuther story )

    ( ps: to put another way, if "lease-ops" are more profitable for company isn't it because, utimately, THE DRIVER is guaranteed more after all the "liability / expenses" which EVERYBODY otherwise shares ? ? )
     
    Last edited: Feb 11, 2013
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  9. Dewey120

    Dewey120 Road Train Member

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    I did the whole lease process at CRE and it was brutally painful. I did payoff the truck but probably paid 3 times more than its actual retail value. If you are worried about the CARB laws make sure you get a tractor with a 2007 engine or newer (with a DPF). You should be good until 2023.
     
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  10. Dewey120

    Dewey120 Road Train Member

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    A lease operator at CRE is just a company driver with all the headache. A L/O still has forced dispatch, denial of home time, bad freight, major restrictions and so on. I am so glad that I am finally moving on from CRE in a couple of days.
     
  11. krpv

    krpv Light Load Member

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    Thats cool, got your own truck now.
     
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