Company Vs Lease

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by jdsouza, Nov 22, 2010.

  1. jdsouza

    jdsouza Heavy Load Member

    Dec 18, 2009
    Port Orchard, Wa
    As a new driver how long would you drive as a company driver before you become a Lease Operator
  2. GoneButNotForgotten

    GoneButNotForgotten Medium Load Member

    Dec 30, 2009
    Roxboro, N.C.
    Not to be funny, but about the same amount of time most people would rent an apartment before they buy a house. Once you acquire enough experience-money-stability in life, then go for it. In all those areas, only you will know when it is right. Best of luck to you.
  3. jdsouza

    jdsouza Heavy Load Member

    Dec 18, 2009
    Port Orchard, Wa
    Thanks I know that is a tough question and I agree with you about renting vs buying
  4. MysticHZ

    MysticHZ Road Train Member

    May 28, 2010
    If you lease you are starting a business. No matter how much driving experience you get, it will do you no good if you don't have the basic skills to run a business.

    If you don't already have the background I would suggest taking a basic accounting course, intro to macro economics and intro to business course. Also, learn to use a spread sheet program, such as excel.
  5. Crash935

    Crash935 Medium Load Member

    Sep 8, 2007
    Wyoming Mi
    If you cant make it without buying a truck on your own versues trying to purchase a truck through a company lease purchase plan then you need to stay a company driver. There are very few people who have been able to complete a company based lease purchase. Lease purchases are set up to benefit the company and not the driver.
  6. melpromud

    melpromud Medium Load Member

    Jan 29, 2010
    camden ny
    Dont ever lease a truck from any company!!! Look all over this web sight. Their are thousands of treads on hear about how bad leasing is and how people lost everything doing so. Only a few that made it. If you think you want your own truck go buy one. Its a hell of a lot cheeper than leaseing one. Why would anyone pay a higher payment for a striped down, no power, high milage fleet truck than an O/O spected truck of their choice. Leaseing is an no win no profit deal for anyone but the company that is leasing it. DONT LEASE EVER!!!!
  7. Mortar Man

    Mortar Man Road Train Member

    Dec 16, 2008
    Lease purchase = bad deal

    Go out and buy a truck with traditional financing or if you are Hell bent on leasing try ... National lease , Ryder, Penske
  8. REDD

    REDD The Legend

    Jun 29, 2009
    Dueling Banjoville
    never lease a truck from a company!
  • Draft saved Draft deleted