Lease purchase Sammons & R&R

A friend of mine paid off a truck through Sammons. He was under a percentage contract. Thing is, he was paid mileage (something like $.40/mile) and the majority of the money went to the truck note. It does work, and I think it's a better way than the majority of the LP deals out there in that you're not penalized when you go home. You go home for a week, and come out and run, you get a paycheck. You don't get that fixed weekly expenses snowball and the negative balances that plague the majority of LPs.

 

One thing I know about Sammons is you have to have flatbed experience or they won't hire you.

 

He went home. It took him about 2 years to get the title.

 

I know a couple people that run for Sammons. They like it. They say they always have a pay check every week they run no matter how much they owe Sammons. Sammons has a repair account you can set up also. And all trucks have to have ELD's

 

I was there for a year before I had to leave for medical reasons. My only issue with them was I ran almost 80% broker loads, but I do live in the Southeast. I liked everyone at the Company except a guy in the maintenance office who could be a real ###. A friend of mine paid off his truck in 22 months and that was even after some major repairs. He even chose to finance a new truck with them on a fixed payment. I have heard that they started putting new Tripac APU's on the trucks. Every truck is now required to run the Rand McNally EOBR. Overall though I did have a good experience and would go back to them.

 

I paid mine off a few weeks ago with Sammons, took 29 months but I was home a lot, spent about 18k on repairs this year also which prolonged the payoff.