does anybody know of a good lease purchase program out there?

If leasing from a company is your only option, take a look at Sammons.

The majority of what the truck makes pays for the truck. If you take time off, you don't have a payment due and don't get behind.

You also pay for the truck faster.

 

You better do some more homework, if you think a L/P means no forced dispatch, and automatic long runs.

Personally, I feel if you can't purchase your own truck from a dealership, and sign with a company that doesn't have a vested interest in your equipment, it's best to stay a company driver. Just my $0.02........

 

No credit, no money? No red flags there..............

 

Folks I think It would do us all well to remember that many have been hit hard by the economic downturn and their credit has been hurt and just as in the home market getting a loan is tough these days.

With lenders insisting on increasingly higher credit scores for any loans many drivers find themselves looking for a way to increase their earnings and L/P can be a viable option vs waiting years to get a high paying company job or purchasing a new or used truck.

I think it's a bit condescending to tell every driver hat they will fail, for sure you need to read the lease agreement carefully, before having a lawyer check it with you as well, and you should look at the opportunity as a business and not an extension of a company driving role.

Just my two cents...

 

I don't know that the OP will fail, I hope he knocks it out of the park. But many fail to realize that a L/P is a BUSINESS, not just a higher paying driving job. And starting a BUSINESS, with poor or no credit, and no money saved, is a recipe for disaster.

 

Exactly right. If you aren't productive and have poor business skills you have a higher possibility of failure.

If you're operating as a business owner you have to give 1000% to your business. You can't be a truck stop Junkie or drive a couple hundred miles a day. You have to give it everything you have and then some!

 

Ok, let me get this right. You get on here asking about a good L/P, your not getting the answer you want, so you get mad.
You're not getting the answer you want because there is no such thing as a good L/P plan.
L/P operators are not O/O's, but glorified company drivers.
If your credit is bad, then I would say you have made some other bad choices in the past. So don't jump into another one.
Man, save your money, buy a $20,000 truck, have money in the bank and enjoy life. It will never happen as a L/P operator.
Another thing to think about is that e-logs are coming. If my revenue gets cut in half because of these tracking devices, then I don't know what I'm gonna do and my truck is paid for.
No disrespect intended, just think about it. Don't make the big companies rich,make yourself happy.

 

I'm betting we'll see the OP back in about 6 month's after signing on the dotted line, wailing about how Company X screwed him over, how he was just barely making it, until the truck broke, and the company still wanted their money, still took out their fees, they wouldn't help him out, how bad they are, etc.