What lease or finance company

diligence.

 

How in gods name do you plan to be successful if you can't even budget properly to have enough for down payment. Clearly you've done absolutely zero research because 15 minutes on google or here will show you how foolish this path you're set out on is.

Any company offering you anything is going to make out Fat on you as you drive your 3,000 miles for $.90 plus FSC.

I'm not being a dick, don't do this. Find a good paying company job (multitude of company jobs paying 60-90k+ a year of you're willing to run hard or team) build your credit and bank account up, then in a few years (which you'll be using that time to also be studying the industry and being an OO) you'll be ready and will have 100s of doors opened each with a better chance of success then what you're about to do.

 

Yeah sure. And when you want to change a steer tire, will you need 'permission' (it still has tread) or will the abs system repair force you to clean out your truck while it sits in line at some company terminal while you are behind on bills and company break down pay is enough to cover bouncing checks?

Ever get your truck back after somebody rifles through it? Cut bags, strange smells, stuff missing, or the simple fact you got to drag stuff back and forth instead of just getting it done somewhere else.

Yeah company driving is all its cracked up to be. You get vacation pay. Whoopie. Hope they put you in a recovered truck, that's when the fun starts. Buy a new one and get paid for it? Um, are you crazy?

 

It can be done, but you need some cash on deck to back you up, you can get a truck from quality, but try and get a new one, it will not be easy and you may not make it, if you know what you are doing and go with a good carrier you have a chance, but as I say make sure you have some cash while you learn the company good luck driver

 

I got that red truck in avatar for $500 dwn $1500 a month with a $6500 balloon at the end but leasing company will finance balloon payment. Came with a 2 yr 250k warrant now they're offering a 2 yrs pm service also. Incude 10 virgin tires.

WTF Trucks

 

Recovered truck. Been there done that. Got a good laugh just thinking about it..... Man oh man.

 

Bones72,

Like you, I wanted to buy a truck with the least cash upfront and was able to purchased a truck with less than $1,000 of my money and put $3500 downpayment on my credit card. For a grand total of $4500 down on a 2011 cascadia sale price of around $28,000. I bought a used Schneider truck and used their referal to Wheaton Financial to get the loan since I did not want to lease to Schneider.

My reasoning for putting the least amount of money into the downpayment was because the other expense cost more.

Base Plates $1800, 2290 $550, inverter, frig, microwave, etc....before my first load, I had spent over $10,000 in these costs and repairs. 6 months of truck ownership and i have put in an additional $20k in repairs, tires, brakes and general maintenance. Oh, i needed my cash to buy or rent a trailer.

Even after all of these issues, 6 months after running my truck, I finally was able return my rented flatbed trailer and pay cash for my current all Aluminium 53' Stepdeck trailer.

The key to my success was to conserve cash and credit for repairs and I put up very little money in downpayment. Had I put down $15k or bought out the truck in cash, I would be out of business right now because the repairs would have broken my bank and my back. Most importantly, this year have been a great year for flatbed and I was able to get mostly high $2 to mid $3 per loaded mile. My average weekly gross to the truck was $5000 weekly. I am on Electronic log and average less than 10k miles a month.

 

Quality ended their zero down program. No more zero down at Quality.

 

My last truck was with Quality and I was sad to see it go. Got a brand new 2016 Cascadia with 24 miles. Ran 60,000 miles with two different companies and returned the truck because freight last year, 2017 was real bad. Only maintenance was oil change. I was lease on to Star Freight on percentage pay doing dry vans claiming $1.50 a mile yet got less and took home less than $800 a week after all deduction. Atleast I got a check every week. Then transfer the Quality truck to Daily Express doing oversize loads on a stepdeck. Worst company ever, I didnt get a paycheck there and my check was the fuel advance only. Only got 1 to 2 crappy load a week gross to truck less than $2200 a week average for my 3 month stay with them. After truck payment, fuel, deductions, trailer rental, insurance, not much left. When I quit Daily, I had to pay them $1500 to zero out my account with them.

Too bad Quality didnt allow me to use the truck with my authority since it was active when i got their truck. Or atleast let me lease on to my current company. Quality is truely a walk away lease last year. Is it still a walk away lease ?