Company lease vs O/O

Discussion in 'Ask An Owner Operator' started by firecaptain1204, Apr 2, 2009.

  1. firecaptain1204

    firecaptain1204 Light Load Member

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    Feb 13, 2007
    New Albany,IN
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    Ok, So I know I will probaly start a all out war here, but I have a serious question and want some others input on it. So everyone think about this and dont get your blood pressure up. I am looking at leasing a truck thru a company, and also looking at purchasing or leasing a truck on my own and then leasing onto a company. I have run a few numbers and I come to the conclusion that it all seems to equal out in the end give or take a little. The only real downfall I see is while you lease the truck from that company is you are tied to them till the end. So anyone that wants to give some input on this issue please do so and I welcome it. We can talk companies and revenue if your interested. I will be here most of the night.
     
    Last edited: Apr 2, 2009
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  3. MedicineMan

    MedicineMan Road Train Member

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    Jan 13, 2007
    Woodville, TX
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    my credits shot. I can't buy a truck. I've looked at allot of the lease purchase and have yet to find one i'd do. A few were close but after talking with people it just mysterously seems to never work out in the end. the compleation rates on them is terribly low and that's where you need to look.
    Arnold used to have a great lease. included FREE MAINTENANCE AND REPAIRS. can't beat that. Once us express bought them out it went to the same crappy plan that us uses. it's one of the worse, up there with CR england even. it's just not a good idea to tie your truck into the same place you get your loads.
     
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  4. LandShark

    LandShark Road Train Member

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    Nov 22, 2008
    Riverdale, Ga
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    Not sure why you think that way...JCT has a great lease plan and a 1 dollar buy out at the end..The only reason I didnt go with them is I just cant or let me say WONT stay out on the road for three or four weeks at a time..Especaily where I live at. THERE is no reason for a driver to HAVE to stay out that long unless thats what that driver chose to do..
     
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  5. Got reefer?

    Got reefer? El Coyote

    187
    126
    Jan 9, 2009
    Midland, TX
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    I would not do a lease purchase again. I got suckered into one of these deals back when i was new to the industry. They preach about freedom and such. But then tell you can only run 65 mph, tell you were to fuel, were to get your oil changed and the list goes on. Most have forced dispatch. Essentially i felt like i was treated like a company, except i was the one making the payment.:biggrin_25510:
     
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  6. MedicineMan

    MedicineMan Road Train Member

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    Woodville, TX
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    DING DING!! Give this man a CEEEEGAR!

    many of them won't let you do your own maintenance. That's the best way to lower operting costs in this biz..
     
  7. MedicineMan

    MedicineMan Road Train Member

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    Woodville, TX
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    because I hear this to much. Direct quote fromt he JObs forum


    QUOTE:

    I get fairly good miles I suppose.
    I train for CRE :sad:
    4000 + per week.
    That said I have only averaged around 750 per week and you have to take the taxes out of that.
    I have not been home in 4 months.
    This is about the most ****** up industry I have every worked in.
    Yes I lease though I swore I would not.
    The reality of it is they have miles and people really do make money.
    But
    You can never go home
    and
    You better hope your truck doesn't break down.
     
  8. LandShark

    LandShark Road Train Member

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    Nov 22, 2008
    Riverdale, Ga
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    Well I will say this from what I have researched and found out from JCT drivers that I have talked to I talk everyone I see...
    I can say this JCT is NOOOOOOOO CRE....
     
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