Beware CRST lease purchase.

Hmm thanks for the info

 

Perhaps you are correct in your assessment, I have no way of knowing because they wouldn’t explain. That’s why I created an account here and posted this.

If you think about it like this.
The profit margin on a truck after paying a driver, fuel and maintenance can be anywhere from 20-50% depending on the rates at the time and the age of the truck.

basically what a lease deal does, is guarantee a 30% profit for the carrier without any of the expenses of having an employee (workers comp insurance, paying half your social security and Medicare tax at 7.5%) they also don’t have to pay the truck payment, or fuel or maintenance or insurance and their liability is more limited. So you have to do your due diligence and make sure it’s a win for you as well as them. If they turn their nose up at you for asking these types of questions then that’s a huge red flag

 

But if what you say is the case then why didn’t the recruiter just explain that? Or why didn’t they make it clearer on the statement so that the question doesn’t need to be asked in the first place.

 

I just want to add that this doesn’t mean that all lease deals are one sided. But you have to be careful because I imagine that the original intent of the “lease” deal was to maximize profit and minimize risk for the carrier. You can’t blame them for wanting to do that but any good business relationship is MUTUALLY beneficial. So just be careful