What's the purpose of a lease?

To make the company a ton of money. You're pulling their freight and paying them for a truck to do it with. Sucker!

 

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Why I will agree it is a way to get a truck the odds are not in your favor, You really have to be on your game to make a decent check why getting to the point you own the truck

As for people that do leases that cant really own the truck.. simple, Extortion.

 

Most leases do have a buyout at the end. With that, most leases are really just a cheaper way for companies to operate. They save on equipment, taxes and pay and usually are not worth it as a driver. But it is an option to becoming an OO. Might not be the best one.

 

I have done it, as few others have also. Its all about knowing your fixed cost and having the ability to run a business with the understanding of how to regulate profits and loss. The reason so many people fail is they simply don't have the experience or understanding of how to run a business. The company's are not going to hold your hand and most set you up for failure, you have to know how to beat the house.

 

Some can be $1 at the end others can be 60k at the end. It depends from company to company and how the lease is structured.