No, it will be more expensive than the company drivers pay because by law the company can not pay for any portion of the premium. You aren't an employee. So no discount.
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Any TRUE lease purchase programs?
Discussion in 'Lease Purchase Trucking Forum' started by Poor Boys Wife, Jun 20, 2016.
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fr8monkey Thanks this.
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poppapump1332 and blairandgretchen Thank this.
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fr8monkey Thanks this.
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First thing you have to understand is that you are buying absolutely nothing. You have no rights to the truck. If you get sour grapes with the company.....you cant take the truck with you. Why.....cause it is not yours!!! It was never yours to begin with. Take my advise and work for a good company....learn about how to run a business, learn about trucking.....DO THE HARD WORK....as Kevin Rutherford would say. Sucess takes time. There is no magical get rich own your business scheme.
I could go on for 10 more pages to list the reasons why LP is such a bad decision.
First lesson. See how many companies will send you a copy of their lease and lease purchase agreement with out you putting in an application so you can review it. The answer is NO ONE WILL. Cause they don't want you reading it or having OOIDA or some other educated Trucking organization telling you what's in it.
Please do the hard work first. You will be glad you did.TheFriscoKid and Western flyer Thank this. -
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Not on the l/p yet. Hate the dcs account I'm on but like jb from the company drivers side though
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Some L/P programs are so bad no one can succeed. Some will only work if you are smart and can learn to run a business. Everyone thinks they can run a business but most can not. The reason most fail to make transition from co driver to l/o or o/o is because of co driver mentality. Most fail to realize that miles driven per day/week is not necessarily biggest impact on bottom line.
I do not recommend a l/o program to other drivers as most will fail.
There are those out there doing well on l/P programs and actually own there trucks after a few years. It is my goal to do same.
I suppose I could give it up and become a co driver making less money most likely. Of course there would be no chance of owning truck, but I could go to places like this to tell all l/P drivers how stupid they are while I take home less money.
Just my opinion. -
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