Lease purchase mileage or percentage

Discussion in 'Lease Purchase Trucking Forum' started by ethridge, Aug 30, 2019.

  1. ethridge

    ethridge Light Load Member

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    Ok first of all please no negative comments about how LP is a bad idea. I've done a lot of home work on it. I know there are people out there that have gotten burned, I also know people who have done it successfully and own 2 or 3 rigs now. So with that said please refrain from negative talk.
    My question is which is better mileage pay or percentage? I've heard good and bad from both sides, but it doesn't seem like very many companies are offering good rates on either scale. I'm leaning towards percentage mostly cause it seems easier on the math.
    I also want to know which companies are good ones and who has a set up where you can choose your own loads. I also do not want anything to do with Freightliners they suck, kenworth is alright,and maybe a Volvo although I've heard good and bad on volvos.
    What company is the best with hands on help to the driver, not hold my hand kind of deal but gives me good business advice and stuff like that.
    Any thoughts guys, your opinions matter to me especially you guys that have done this successfully.
     
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  3. Eddiec

    Eddiec Road Train Member

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    Tell me what you have found out doing your own research, and i will try to fill in any blanks.
     
  4. thelushlarry

    thelushlarry Road Train Member

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    So you only want opinions that are the same as your opinions? Either way I can not give you an opinion my wife does not allow me to have opinions.
     
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  5. ethridge

    ethridge Light Load Member

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    Just that there has been successful people at it
    I d ok not know what to think of percentage cause I me or done it but most OOs say it's the way to go.
    As for as what company I just have no idea
     
    Jarhed1964 Thanks this.
  6. jamespmack

    jamespmack Road Train Member

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    Think I'm married to her sister.
     
  7. MysticHZ

    MysticHZ Road Train Member

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    Well ladie da ... There's been successful people.

    But, do you know why and how those people succeeded? What were they doing different from the those who failed.

    Have you developed your business model ... Have you run a milage pay vs percentage through your model.

    Here's the thing ... Milage pay is safe and consistent. Percentage pay can be more lucrative. But with percentage, you have to really, really know what your doing. If you don't you'll lose your butt quick. And if you know what you're doing, you wouldn't be asking the question, you can figure out what answer is going to fit best with your business plan.
     
    Jarhed1964, DrFlush and Western flyer Thank this.
  8. ethridge

    ethridge Light Load Member

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    May 22, 2016
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    Ok, so I dont know what I'm doing that's why I'm asking, and this questioning is just part of my researching, I've owned 3 other businesses one of which I lost in Hurricane Ike, so I do run models, however I'm not sure if I have all the details I need in said models, again this is why Im asking. Thanks
     
  9. ethridge

    ethridge Light Load Member

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    No If that was true I would of never asked a question, so If you have a positive note on LP you can share it here if not well, you not what they say
     
  10. MysticHZ

    MysticHZ Road Train Member

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    Then what did your models show you when you ran a milage rate vs a percentage rate? What did you use for assumptions on your rates?
     
  11. ethridge

    ethridge Light Load Member

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    This is part of my research ,but because of all the negative replays and faulty opinions I'm starting to regret this end of my research.
    I never asked for such negativity, just simple answers, but maybe I'm looking in the wrong place for that.
     
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