Credits no good, this is why people are tempted to do lease purchase

And your credit will get worse from lease from mega carrier.

 

Possibly but NOT necessarily true. 1st the megastar DO NOT report your purchase (good or bad) to the credit agencys. So IF you make it thru the program, and get your title. Credit wise you will have nothing to show for it. Conversely if you do not make it all the way thru. You won't have additional bad credit marks from the truck. Now just like at any job or place of employment. If things go sideways. You might have to make choices at home. That might or could have adverse effects on your credit. For instance you let an auto get repo'd in order to keep the mortar current. You don't pay doctor bills, in order to keep electric on, etc..
Do not get me wrong. I am not saying lp is a good thing. But it's not necessarily a bad thing either. In 99.999% of the time. You will pay 1/3-1/2 more than convention financing. Your company will control how much you earn. (Same as any leased o/o. Buy if you walk you lose all you put into it) But if you are in position where that is your only option. AND you go into it with open eyes, known facts, positive attitude. Do research pick the right company for you. Than you can make it work. I've seen many many make it against the odds. But I've also seen many fail flat. Mostly due to their own fault. But then cry cry cry like the deck was stacked again't them. And it was, but knowing it is and planning for that in advance is key.

 

Most drivers fail because they are dummies and have poor math skills.
Most these flease carriers pay $1-$1.35 a mile.
That is extremely cheap pay, might as well be a company driver vs flease Operator at that rate.

 

I paid off a used truck lease at 1.10 to 1.25 per mile. In 1.25 years. Was a $12k truck that ended being a $45k truck. Ran the truck ragged than engine needed rebuild. And guess what I was penny less. Because I put my money into caring for the truck.

 

I was poor growing up. When I turned 18( 2 years ago) I go up to my local bank, get a Discover it credit card. They hold $200 deposit in case you run your 200 line of credit up and jump ship. Fast forward 2 years, I now have a truck and 2 trailers paid for and working on buying another trailer. Poor credit has nothing to do with lease purchases, it's people who think $1 dollar a mile is good pay, with no overhead. They don't really want to make it, that's why the truck gets resold again. Someone somewhere will loan you whatever amount you want, with an incredible high interested rate, it just depends on how bad you want it!

 

but why work soooo cheap?

 

Learning how to pay stupid taxes. Life lessons.

 

I'm doing reefer, $3-$4+ a mile piece of cake.
Van rates really good too.
SAY NO TO CHEAP FREIGHT!!!!!

Lots of money to be made out here.
Working for peanuts hurts you and your fellow drivers!

 

Your own authority? OTR? Frozen? Produce?

 

Leased to a carrier, 90% pay, OTR, book my own loads, all different kinds of freight. Done dry loads too