I work for Buchanan Hauling & Rigging. I did the lease purchase with them and did real well. I think they have changed it up a little and started leasing a lot newer trucks now which will make fixed costs higher. But it is worth checking out and talking to them about it.
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I looking to get a lease purchase pls tell me one company thats you are are a really owner
Discussion in 'Lease Purchase Trucking Forum' started by vaqueroyoyo, Sep 4, 2015.
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Where re they out of? And where do they run?
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They are out of Ft Wayne In and run every where including Canada. We have a small office/terminal in Mountain Home Ar which is where I live and run out of. I did very well and paid my truck off with them plus I had to inframe my motor which Buchanan loaned me the money to do. They are a good company to work for. I also paid off my inframe which was 21000 in 48 wks. I am saying this for all of the people who say lease purchsses dont work. They do you just have to be smart and work your but off. And I am sure that some dont work but some do. And no I do not want you to use my truck number or name to get the bonus that Buchanan gives for getting another driver hired. I am just saying that some lease purchases do work and you are treated like a true owner operator picking and choseing your own loads. It is up to you if you suceed or not.
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Cardinal Logistics, the loan is in your name, not the company name. You own the truck once the loan is paid.
Tdgraham Thanks this. -
Do these companies offer flatbed.....
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Cardinal is mostly reefers, but does run some flatbed.
Tdgraham Thanks this. -
Tdgraham Thanks this.
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Bigrayon Thanks this.
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Many times instead of 'leasing' a truck (which is similar to renting a truck), find a carrier like Chinatown mentioned, where you are actually buying the truck from the company, not renting one like at Prime. I bought my 1st truck that way, at the end of the contract and my payments were complete, the truck was mine. Then I had a history as an O/O, and a little collateral/equity. Yes, it was an older, worn truck...but it had value when I went to trade it in and upgrade to a newer truck. And then, when financed thru an outside finance company, you are free to choose the company you pull for. -
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