Those that need/want to Fleece Purchase from a carrier

But at least if his miles are low for a given week is check is small instead of negative.

Can take a month leave of absence. Try that with a $700 weekly fleece payment.

Not usually. Besides better than no benefits.

Some people would rather not worry about and instead get a refund at tax time.

What difference does it make why it's broke down? Point is you're not paying for it. I'm still waiting for you flease proponents to explain why fleasing is a better option than company driving.

 

Most of these fleece purchase deals are a great way to learn.... ....there has to be a better way and surely there are companies consistently rolling for way more than $1.50 a mile rates if that???... of course, that's a given... Even owning a truck outright and leasing on with a mega paying peanuts, if you don't know that going in it..... doesn't take long to figure out. If a person were able to get a truthful detailed breakdown of the alleged successes in either of the above scenarios then they'd also know what a joke it was and what modern day indentured servitude is. Is it an ok stepping stone to better things? I think so, used that path myself. The experience of maintaining and keeping a truck going whilst getting paid nothing, priceless. But it's only a stepping stone if that. Savy operators skip it altogether. Don't believe the delusions there's any money in it long term.

Sent from my droid using Tapatalk 2

 

sure, the companies roll for way more then $1.50. but they only give the leasor $.90 plus fsc.

or whatever the going rate is these days.

the driver just rents the truck and is told whee to go. he don't pick his loads. NOR does he get to see the rate confirmations. so they have no idea how much money they're missing out on. they just think NINETY CENTS. WOWZERS. i'm gonna be rich.

 

none the less its still a lease purchase at the end of the day so to down talk other for doing the same as you did is just beyond me

 

you still leased it just a different company

 

with sni choice program you choose your own loads and can preplan you load in advance and you see the rate before you book the load

 

Percentage. Low miles equals lower costs, and a bigger haul at the bottom line.

Save $2800, cost of taking a month off. Besides company jerks generally get their truck confiscated for the trouble of taking a month off, with the usual result of obtaining a total rolling junkpile when they return.

Nothin' like a little economic Marxism, eh? Part of a contractor's costs is obtaining his own healthcare and retirement.

Enjoy financing the government at zero percent interest eh?

Sure you are. Company drivers are notorious for abusing assigned equipment. Take a look at the company trucks rolling down the highway... most of them are junkpiles because of inadequate care, and the stupid moves company drivers pull on a regular basis. That comes out of a companies bottom line... less cash for those wonderful "bennies" company guys bend over for.

It's an option. Period.

The point company drivers don't get is that miles x rate is all you get. Benefits? Whatever your employer is providing you is just a decrease in that part called "rate." It gets paid for at some point at the employee's expense. That part called your "benefits" getting decreased happens when the boss decides his haul needs a little improvement. Bend over driver.

I choose my loads, and where I go. As long as I make my schedule, how I do it is my business... and that does translate directly to my bottom line. Low miles? Actually that means a contractor paid on percentage is making more money, not less because of lower costs. The maintenance I put into my tractor is part of those costs, and because I control that I can put the effort into maintaining the tractor a company guy can't- and reap the benefit of a much better maintained rig. Get it fixed before you spend a day sitting on the road waiting for someone to get you out of a jam you have no control over. Keep in mind, 0 mph = 0 miles. You pay for it too. Vacation? Just another cost factored into the bottom line. Remember those days you "earn" so you can take that little bit of hometime? How many miles are you driving that couch? 0 mph = 0 miles. You pay for that too.

Rate x 0 miles = 0 bucks. Enjoy that whoppin' big paycheck.

Gross revenue - costs = net profit before taxes. Make that cost thing small, and the NPBT part gets big. That's something that is under my control. Employees control neither the rate nor the miles. You are beholding to the "boss," and his hireling dispatcher. PO either one of them, and you're up the creek.

Besides, a job is a long-term thing. The difference between a cube in an office and a seat in a tractor is the little box your locked into moves around some. Nothing more. If done properly a lease is just a way of obtaining a business asset on a short-term basis. Fleece? Only if one jumps blindly into a bad deal. Read the contract, do the math... it's either a good deal, or a bad one. If you sign onto a bad deal, there is only one person to blame.

Enjoy being chained to that paycheck.

 

Well, as other posters have aptly pointed out that the original post is pretty presumptive, I don't see the need to rehash that. Just as the point has been made that there are bad lease programs, and good lease programs. Obvious. But why would people get sucked into a lease purchase program?

Because if they can make the same amount of money while building equity in an asset, a truck that they may or may not one day own, why not? It is a step up, which is what humans strive for the world over. I don't believe any company driver with a good company would trade that for a lease purchase. Company drivers at the bottom feeders are looking for a change.

I never would have considered a lease purchase if my position at my previous company wasn't in any way untenable. But it was. The lease was more attractive than what I had.

So what's so wrong with trying something that may become a real business at some point as long as you do at least some of your homework and have some idea of the pitfalls that may lie ahead of you (as many others in this thread have already pointed out, no reason to rehash that either)?

 

I did a lease program. Bought the truck with no money down for $42,000. Paid it off in 18 months. 18 months latter, save enough money to buy my trailer and get all my permits to go ony own, been that way for awhile now. So I guess it can work, with one simple rule, you have to have a brain

The End.

 

no, it's not.

there's no such thing as a lease purchase. your either leasing or your purchasing.

can't have both.

i'm also not hauling cheap. nor am i being told where to go.