Roehl lease purchase good or bad?

Idk where you live but Jim Palmer is another option. Brand new 579’s. They are a percentage lease. They pay 70% of the load. That might be another better option than a mileage based lease because you could run less miles for more money. To me that makes more sense. If I go back on the road that’s the way I’d go. Why want 3,000 miles a week when I could run 2,000 and make the same money. Wouldn’t always workout that way, but to me percentage lease is where it’s at. Plus you start with a brand new truck

 

You’re going to have people tell you that lease is great vs. lease is the devil. Personally I think it’s somewhere in the middle. My current situation is I messed up my credit and don’t have a large savings in the bank to put as a down payment on a truck. Also, I live in Cali so I have to have a compliant Truck. So that alone will put me in the 65k and up range. So I’d probably look at Palmer for my case.

 

I mean at the end of a 5 year lease I’d rather have 450-500,000 miles on my truck instead of 600,000 minimum. I want to work less on each load for more money.

 

Sammons actually had a decent, workable program. A buddy of mine went through Sammons and paid his truck off in 2 years.

He'd get loads through their agents, they paid the truck a percentage of the line haul. I think it was like 75% of line haul. He was paid $.40/mile, and the rest of the money went to the truck payment.

"How is that any good, Six? It doesn't sound good."

1. He could go home! Most LP deals, when you go home, the payments still hit. Stay home a week, and you're a minimum two weeks in a hole. If that next check doesn't get you out of the hole, you don't see any money. How long can you keep things going at the house without money coming in?
They way they had it, nothing snowballs. You run, you get paid. You don't run, you don't get penalized.

"But Six, $.40/mile is low. If you run 2500 miles a week, you will only gross a grand to the house. I can make that as a company driver."

He picked his loads, kept steady money going to the house, AND got the title to the truck handed to him in only 2 years. That style LP program DOES work.

 

That’s exactly what I mean. There are ways that a LP can and will work. It’s not the most ideal situation but it’s very doable in the right context.

 

Because the truck is only paid on when you run a load. The harder you run, the quicker it’s paid off.