all with what u said i can go agree with kind of but the cards are stacked against u when u lease purchase. the carrier has paid for the truck & in turn ur leasing the truck from them then HAVE to lease it back to them while they pay u 80cpm with fsc then all the deductions that nickel & dime u to death. & if u fall behind on ur payments because ur not getting the miles they can repo the truck, i've actually seen it happen. if they cut miles on u, ur actually stuck there where if u had ur own & they cut miles u can pack up & leave & go somewhere else. very few lease purchase programs work very few. most are a joke because if u think about it; a lease purchase is u actually paying them to drive their truck. if u think about it. u have all the expenses while they making a bundle off the lease purchaser. when u buy a truck it's a business
Kllm lease purchase
Discussion in 'KLLM' started by anon6655, May 29, 2014.
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Docking this thread soon, asked for info on the company, not a lease purchase bashing thread. Regardless if I'm overpaying for the truck or not, if I make more money doing lease purchase a week than being a company driver, it's a win to me. Anybody doing lease purchase I've talked to with kllm has never said anything bad and I've only heard positive things. Go bash leasing somewhere else
spectacle13, Red Hot Mess and Mrcam216 Thank this. -
Y would u even want to drive for kllm? Dont they pay like .32 cpm and like .88 cpm to they l/p and o/o
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They pay 72+% line haul, on my first run, 750 miles pays fuel surcharge for deadhead, it's over $2 a mile. So Idk what you have heard, KLLM pays their O/O percentage. Company drivers make .32 a mile OTR and get about 3500 a week. Regional is .39 a mile and about 2500 miles. They're a good company
1catfish Thanks this. -
Right. That's kinda why I don't understand the argument. If someone make 800 a week as a company driver or average 1300 as a lease purchase driver, even after making a $3,500.00 truck payment a week, and putting $50,000 in a maintenance account weekely, (I'm being sarcastic) and the company decide to repo the truck when you have just one payment left, it seems like you still won over the company driver. I think the name of the game is to make as much money as possible and save as much money as possible by any means necessary. A bigger income means being able to have better credit and have a real down payment to outright buy a truck. I spoke with a kllm driver and he said he have no intentions on owning the truck outright, but he will have a lot more saved when he retire then a company driver would.ipogsd Thanks this.
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Lol, that's what I'm saying. Even if I stay with it for 6 years and pay the truck off, it's now my truck, I'm in the green even if I did overpay for the truck. I'm happy, company is happy and the customers are happy.
1catfish Thanks this. -
Everyyyyyone is happy. Lol
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This is exactly what I'm thinking. Also in my situation it will go a long way to help restore my credit. Most of these lease bashers listen to KR a few times and others on here and just patriot what they say. They live in a world of do it like I do, and if you don't you stupid, LOL.Mrcam216 Thanks this.
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Unfortunately that's how it is. You can always attempt, if you're not cutting it, turn the #### truck in and go back company. Not too hardMrcam216 Thanks this.
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Right. And they probably came up during a time when companies were paying way more then companies are paying now and was on paper logs driving 16 hours a day. Lol.
Just kidding folks, don't curse me out
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