Good or Bad??

So napoleon, how do you steer and shift with one hand in your shirt as your namesake implies?

 

Why don't you call JCT and talk to them and have them explain it to you? A lease purchase can be written anyway the company wants to write it. If the company decides they want to write the cost of the equipment into the lease and have the driver pay it down over the months of the lease and only owe a dollar at the end, it can be done. AND it is done more than you would care to admit. Not just in trucking but in other areas as well. YES the norm is to keep the lease payments lower and then have a balloon at the end. Then again, most leases are written for shorter terms (it's an accounting principle). The normal idea of a lease is one of two things. Lease long term, trading vehicles and actually never owning them. Many people do this with cars. Lease a car for a couple of years and then "trade" it for a new lease car. You can visit your local dealership and they will be happy to explain this process to you. The second is to make the initial payments lower, establishing a person's credit and then allowing the person to refinance in a year or two oreven at the end of the lease if they choose.

Vehicle leases are designed to move more vehicles and the only way to do that is to qualify more people for a lease. Why do you think all the lease plans you read about in this industry say, "No Credit Check"? They could care less about your credit. You are making their vehicle payment for them and if you bomb, they will move that vehicle to someone else. If you make it, then, yes, in most cases, they will have you pay a balloon to refinance at the end of the lease because you have not been paying what a full, normal payment would have been for that vehicle.

In JCT's case, he has apparently decided that he wants to help people get into a truck and wants to build company loyalty. IF the driver is willing to work at it and run the lease as a business and they make it to the end of the lease, he would rather have them choose to stay with JCT with that truck so he has designed it so they just give him a dollar and the truck is theirs. He is banking that, as a result, they will choose to stay rather then take it to another carrier.

I would venture to say that the trucks that are older that he re-leases to newer drivers at a lower payment rate come from those who either didn't make it because they were not running it like a business or they decided JCT or reefer freight was not for them.

You see, I may only have one year holding the steering wheel of a truck but I have over 30 years of business experience. Holding the wheel of a truck for 21 years does not make one an expert in the business side of the trucking industry, it just means you can probably back better than I can at this point.

JCT has been advertising this lease for several years. I would tend to think that, if people had gotten to the end of the lease and walked into Mr. Christner's office with the $1.00 bill and were given a notice of balloon payment rather than the title of for the truck they had paid on for 5 years, he would have been successfully sued at least once or twice and would currently be under a cease and desist order and could not advertise that deal any longer.

Here is a little advise for you, put your mind in gear before putting your lips, or in this case your fingers, in motion.

 

Please refrain from name calling!!!!!!!!!
You all have interesting info, please respect each other!!!!

 

Some people are all talk and no action..
It's simple; Just say I purchased my truck for $1.00.......What's with all the yap-yap.........FYI, I can't stand women who drive trucks.
So if you're looking for a relationship forget about it, it ain't happening. I hope you keep on posting to me though!!!
I love to ignore hummmmm oh, women like you!

 

Hey Nappy Solo,
You seem to be so knowlegable of lease purchases from JCT. I don't care to lease purchase myself but if I didn't own my own truck from what I've been hearing about JCT, I wouldn't have a problem leasing from them. Now let's see, you been out here trucking for 21+ years and according to what you said and the way you said it, I take it that it's safe to say you don't own a truck yet! Wow, and you got the gall to let the word idiot part from your lips? WOW!!!!

 

I say once again, Since you want to make a blatant comparison of Obama as the second coming of Jimmy Carter, let me ask you this, How do you know so much about Carter, he was president in 1977-1981 when he was elected you were 9. And here you are trying to give advice, how credible doe's that make you. I've deduced your statement as being a bit racist. You don't know how Obama may be as a president but you want to compare him to a president that to coin your phrase "sucked". Get a grip and stay out of the sun.

 

Solo = MIA (Banned or Retired)

####, that didn't take long...

 

Doesn't surprise me. Even thought it might have been sooner. Then, the moderators do try to give a person a chance to clean up their act, or get just enough rope to hang themselves. I don't know what we will do without all his wisdom and knowledge on here. We all could have learned so much.

Well, the JCT lease sounds like it could be helpful for some to get to ownership. Like with everything else in this industry one needs to weigh everything in relation to their situation and do what looks best for them.

 

i would like to thank all of you who positively contributed to this thread, ive been trying to figure what to about work and/or leasing from someone, the job market in phx kinda bites right now, but i'm really thinking about checking out christner this week, i am a runner and hate to sit and have done that low flyin chicken drivin when i have needed to, my big question is do they help you or show you how to set your business up and/or how to run it to get you started? iv e ran auto shops and since they're taking care of road taxes permits,plates etc, it seems you need to manage your maintaince,fuel and time and you can do just fine here.. thx any extra input is great appreciated..

 

Yeah, I'm thinking of trying to do this too. Can any John Christner employees tell us what happens if you get sick, for example? Can you walk away from this is you have to? Is this really as good a company to drive for as it sounds like? Thanks.