Best lease purchase opinions

First off leasing from a large company is never good. Their advertising says as much. I lease a truck from a very small outfit. I contract with a company who gets me loads. I do power only moves, meaning I have no trailer and pull other companies.

Now how my revenue works is, the person I lease from gets 30%, I get the 70% leftover. On average I get 1.80-2.10 a mile. This is after the broker gets their cut. Of course all expenses come out of my revenue, tractor payment, insurance, fuel ect.. I don't pay into any maintenance escrow or anything like that so I have to save my money and not blow it. Now I'm not rich by any stretch, but I do take home a good income.

My point to anyone wanting to do a LP is this. Make sure you won't be making 1$ a mile only. You will make nothing after expenses. Make sure that you get 100% fsc. That should add to the 1$ not be part of it, or run. Make sure there are not unneeded expenses they try to add such as a Qualcomm fee. I've seen some charge 15 a week. There are ELD systems that cost 25 a month and trust me 15 a week is a ripoff. If there is a maintenance program, make sure it is capped, and that you get any unused money when you quit or finish the lease. Do the math! If they give you a 5 year lease and it adds up to 200k+, and then they still want 25-35k at the end, run, regardless of how they tell you that your maintenance program will pay for that. New trucks cost around 140-170k. Why pay 90k more than what they'd list a truck at. Especially considering companies most likely pay less than list price. Do you pay asking price at a car dealership? Neither do they! And most importantly. Only take a lease if it's a walk away lease in case you discover your lease stinks.