Question for lease owners

It's always better to invest in your own truck as opposed to leasing a truck from the company you hire on with. Many drivers have been stung with high truck payments because it's easy financing to them. I've heard if horror stories of drivers coming home with $300 week pay checks.
Leasing on with a company where you lease/ buy their truck is a big risk and undertaking.
These lease agreements by and large are biased towards the company.
You have to be very careful with this kind of deal.
Good luck

 

My impression from reading Roehl OO materials and comparing it to the Schneider Choice program and the drivers that have choice on the Schneider forum from this site leads me to favor Schneider's choice program. The Schneider Choice OO choose their loads and pay their expenses. With Roehl OO program, they deduct your payments from the settlements. Schneider also has a wide choice of trucks to choose from, 2006-2010 are the first to be highlighted at schneidertrucks.com. I'm not trying to advertise anybody, I'm reflecting my line of thinking after reading many company sites forum discussions and my conclusions so far.
I like many things about Roehl on the company driver side.
I only hope that my line of thinking for OO can be profitable and rewarding on a part time wish list.

 

I got a buddy who says he's doing good. He was my room mate for orientation. He's like you. Stays out weeks at a time and no family. He says he clears about 1000 a week. But he hasn't had any break downs yet either. Stop in at a terminal next time your around gary or Appleton and ask around. Most guys seemed tickled. But I'm perfectly happy being a company jockey. Lol

 

#1 reason people rent. BAD CREDIT.

the financial aspect always starts off good. but seldom ends on the same note.

why anyone would pay those HIGH weekly payments. and haul frieght for 1/3 of the actual rate is beyond me. you give them your blood. the company takes your sweat as a bonus. and comes out smelling like roses.

save your money, be your own boss, buy your own truck. and make 100% of the freight rate with minimal payments instead.

and as a bonus. you can take time off from work. not live on the road months at a time. and not go in the hole playing catch up.

 

I'm leased onto a co hauling chemicals. I'm paid a percentage as opposed to paid by the mile. Yes I could get my own authority but then you are faced with the next problem. Finding brokers you can trust and are above board. Every stage of this game, it's a struggle to find people with integrity. This business is very much cash intensive. There's no way you can do it on a shoe string budget. Don't kid yourself.
Ive made plenty of mistakes with my own truck, we all seem to do but you just press on.
an old timer truck salesman told me that the sooner I get into a new truck the better.
At the time I thought he was giving me a bunch of hoopla, but in retrospect he was right. If I had my time over again, I would bite the bullet and do it, but I had challenges in the beginning. I wasn't sure about the carrier I was hooked up with. As it happened I had to ditch them after 2 mths.
It's probably not possible for most of you guys out there to do this. Apart from having top notch credit, you would have to put down a sizable down payment, around $15-$20K but that's the reality.
in contrast, I don't care what anyone says, it's a monumental crapshoot buying a used truck. I would advise anyone to be careful here and get the darn thing checked out. I would steer clear of 2008-2009 trucks. Too many regen problems. Many of my friends are struggling with this. Try to buy the newest truck you can find, 2011 onwards.
Too many repairs to your truck can put you out of business in a heartbeat. There's no such thing as a cheap repair on a truck. So beware and good luck.

 

I am a lease/purchase operator at a different company than Roehl. I did drive for Roehl at one time and looked into the lease program there. I also looked into Schneider's program but I like pulling open deck. I ran my own business for years before coming back to driving so I do have years of experience running a business, that being said I saw no advantage to leasing from Roehl. I was approved by Schneider and for van it looked like a decent deal, but declined them to go where I am. I am doing this for the advantage of running the freight I like to the areas I like, the increased hometime, and the freedom of truly being the captain of the ship as it were. I make a little less now than I did as a company driver, but the lease payments are profit based here and I will have my truck paid off in less than two years, then the good money will start.
Your miles right now may be good but both times I drove for Roehl, my miles started good but dropped off as my pay went up, and most other drivers I talked to told me the same thing there. Buying your truck from the company you get your freight from is a bad idea as far as I am concerned because they still control your pay, unless your able to also pull freight from other sources your stuck with what the company gives you. I L/P from my carrier, but can take freight from boards if I choose, and do at times.
I enjoy being L/P and am doing pretty good at it, but, I would advise you to wait till you have at least a year or two in as a company driver and look at other L/P options, you can do much better than Roehl's limited loads, bad fuel discounts, high interest rates, and overpriced trucks. Not trying to pee in your cheerios but that is the truth as I see it

 

If you want to know about Roehl's lease/purchase check out this thread: http://www.thetruckersreport.com/tr...l/130115-good-bad-honest-truth-new-roehl.html