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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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<p>[QUOTE="Pedigreed Bulldog, post: 6150199, member: 64805"]Because, to those who OFFER such programs, they are quite successful and profitable. Push most of the responsibility for operating your truck onto someone else and still get your cut of the freight they move. They make your truck payment for you despite the fact that they may or may not actually be making enough to pay themselves. And when they fail? You take your truck back and lease it to the next sucker. You haven't lost anything in the process, but were able to profitably (for you, anyway) move your freight cheaply for your customers without having to worry about paying the drivers to move it.</p><p><br /></p><p>I don't lease cars, furniture, or appliances either. Places like Rent-One, Aarons, etc. offer the same sort of fleece deals, where you can "rent to own" various things for your home...paying 3x retail for that "no credit check low monthly payment". It is ALL a scam, targeted at the same sort of crowd focused on immediate gratification with the "I want that NOW and will do ANYTHING to get it" mentality. They don't want to put in the effort, they just want to feel the satisfaction of the end result that they seek...whether it is a house full of stuff, a brand new car, or the idea of owning their own truck. It is a free market, and as long as there is a steady stream of individuals looking for that "easy" path to the things they desire, there will be those making a profit from offering people that which they seek....for a price. That price never really works out for the sucker, who even if "successful", winds up with wore out equipment they paid too much for.[/QUOTE]</p><p><br /></p>
[QUOTE="Pedigreed Bulldog, post: 6150199, member: 64805"]Because, to those who OFFER such programs, they are quite successful and profitable. Push most of the responsibility for operating your truck onto someone else and still get your cut of the freight they move. They make your truck payment for you despite the fact that they may or may not actually be making enough to pay themselves. And when they fail? You take your truck back and lease it to the next sucker. You haven't lost anything in the process, but were able to profitably (for you, anyway) move your freight cheaply for your customers without having to worry about paying the drivers to move it. I don't lease cars, furniture, or appliances either. Places like Rent-One, Aarons, etc. offer the same sort of fleece deals, where you can "rent to own" various things for your home...paying 3x retail for that "no credit check low monthly payment". It is ALL a scam, targeted at the same sort of crowd focused on immediate gratification with the "I want that NOW and will do ANYTHING to get it" mentality. They don't want to put in the effort, they just want to feel the satisfaction of the end result that they seek...whether it is a house full of stuff, a brand new car, or the idea of owning their own truck. It is a free market, and as long as there is a steady stream of individuals looking for that "easy" path to the things they desire, there will be those making a profit from offering people that which they seek....for a price. That price never really works out for the sucker, who even if "successful", winds up with wore out equipment they paid too much for.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Good & Bad Trucking Companies
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Questions From New Drivers
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Going O/O: Which Truck to Buy?
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