Like alot of leases with these companies that push them would you guys say that it is almost impossible to make a decent living driving solo as a lease operator? Is being atrainer, or teaming the only way to make as a lease operater with Central?
Central Refrigerated Lease Question
Discussion in 'Central Refrigerated' started by bamamac, Nov 5, 2012.
Page 1 of 3
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
I really don't know much about Central Refrigerated, but I have looked into several companies that offer lease purchases. The thing you need to look at it is the amount of escrows that the company has because there can be 3-4 escrows involved along with weekly payments, fuel surcharge, tolls, scales, lumpers, and etc. Most drivers will take home $200-600 a week while doing the lease purchase option. Now, you can make good money doing team or a person could remain a company solo driver. As far as training, it takes a person with patience and understanding to teach others the things that they need to know. It's a personal decision of what will work for that individual and what will not.
reefer75 Thanks this. -
mamamullins and bamamac Thank this.
-
NJ LADYTRUCKER Thanks this.
-
My advice on leasing is if you can afford a down payment for a truck and are really set on going O/O try and buy a truck. Furthermore, be very leery about these people that complain about not making money doing it. Yes, MOST L/O fail, and I'm going to beat a dead horse here, but it's b/c they have no clue or experience running a business. I'm going to paint with a broad brush and say that most don't run it like a business b/c they don't want to sacrifice home time, their "home" debts are way too high, and they think they're going to get rich with all this new found freedom.
They think since they have the ability to refuse loads, go home when they want, and run the truck at the speed they want, they'll come out on top. One has to look at the pro's and con's of leasing vs purchasing. While I'm of the school of thought that purchasing the truck is better than leasing the truck, many people will disagree.
Pro's of leasing-
Newer equipment, most parts will be covered by warranty, no to low down payment
con's of leasing
high monthly truck payment (more than if you just bought a truck and got an extended warranty), large balloon payments at the end if you want to purchase the truck, they have a set amount of miles the truck can run before you have to pay excess mileage fees,
those are just some things to consider.Lady K Thanks this. -
-
If you want to do good as a lease operator, you must get good fuel economy and don't over fuel for the load unlless you are in a area where there is cheap fuel. If you drive 55 you get the best fuel economy
-
Are you still driving for Central Refrigerated?
-
Wait a sec...They charge you for doing a lot of miles? instead of paying you for running harder they punish you for working more? Am I reading that right? if so, that is ludicrous.
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 3