Fiduciary responsibility

At least up to this point -- this thread has turned into a truly FANTASTIC READ -- especially for those who aspire to own their own truck.

KUDOS!!!

-- L

 

Nope, they have zero obligation. Infact for many of these lease purchase deals the whole point is to keep the top 1% home once a year, never late. Never sick and constantly banging out loads drivers going. And intentionally starve out everyone else so they can come after you for months or years for esentially free makeing as much or more then they paid for the truck off each and every person who they lease to. Ive heard cases where the same truck got leased literally dozens of times and they made more off garnishing wages for that truck then they paid for their whole fleet. Think there was a big lawsuit over that with CR. England a few years back actully.

Its on you to police your own #### contract. I mean thats a bit like going to a dealer buying a lambo on a mcdonalds salery then being pissed mcdonalds wont pay you enough to afford the $3500 a month payment. There is a REASON why everyone always warns that if your going to lease on then buy your #### truck from elsewhere. This way if the company you lease to tries to bend you over and bugger you. Then you can take your truck, flip them the finger and go elsewhere and be fine. Hell even if the company is grade A top notch best most honest leaseing place ever. Well the economy is still a thing and if loads go away, then they arent going to starve themselves and their own rigs. They will screw you over without hesitation and without feeling bad about it to keep the lights on. And its all not only legal but business 101.

Aint no one here to hold your hand.

 

That should be in big bold print at the top of every fleece lease contract.

 

Some people would jump off a building if you only told them 2 things: 1) no money down, 2) no credit check. A lot more would jump if you added 3) make more money...

 

Yes, and that's why con men exist. All those people who fell for all sorts of scams these days; believing things like that a Nigerian prince wants to give you money, or that if you send money to a preacher that god will answer your prayers, to things like sending money to a politician because he needs it to stay out of prison. All are scams, and they all work the same way; appeal to your hopes and fears, then rip off as much of your money as possible....

 

If people weren't looking for something for nothing or more than they paid for they wouldn't be such easy targets. "You can't con an honest man."

 

"You can't cheat an honest man; never give a sucker an even break, or smarten up a chump."

 

Gotta get the quotes right.
And all of that speaks to the fleece lease 'deals' offered by so many companies.

 

In general freight, it must be hard to do well getting 65% of the haul…

 

How many times have we had a thread about "fiduciary responsibility?" I've heard it called a lot of things but seldom that.