HELP! Can a Lease Purchase actually be done successfully?

YES It can be done, and no you dont have to live in the truck and eat #### sandwiches.
I have seen countless amount of drivers at my company both succeed and fail.
There is no majic formula.
You have to read and understand your contract.
You have to no your fixed costs and schedule.
You have to no your variable costs.
You have to have a fuel purchase strategy and STICK to it.
You have to trip plan your load before accepting if possible. But certainly before you release your brakes.
Dont accept every load just to be a team player. But also dont be a pain in the balls to your dispatcher and planner

 

Are you saying to know when to say no?

Saying no to fixed and variable costs, and schedules, seems like a bad plan.
Maybe that is where the magic comes in?

 

Can it be done ... yes. Can you do it ... maybe, only if you know how to manage a business.

The problem with LP is that companies have the threshold for entry so low that basically anyone who can get a CDL is allowed. Then most of them fail becuse they don't have a clue how to manage a business.

That's the recipe. Know how to start, build and manage a business. If you don't know, either learn before you jump in or find a mentor who can guide you along the way.

 

Knowing is taking the cookie out of the oven at the perfect time, after following all the steps to get to that point.

Nothing in this thread is about those steps; the actual ingredients in the right measure and in the right order, how to mix certain things with others correctly before mixing with the next, the temperature to bake it in and for how long, how to test if it is really done.

And sometimes, an extra egg can make the difference between a hard or a soft cookie.

 

Thay is exactly what I was attempting to say..so I guess you have to KNOW when to say No.
And dont get me started on to, too, two

 

Its "know".

 

No, he's saying "no" to fixed cost's and schedule. He's saying "no" to variable cost's. He just tells them "no".

 

there's a Mister U Turn????

 

It depends on the company, and style of operation. If you go to a company that pays $1.25 per mile lease purchase for instance, I feel like it would be tough to make a profit. You'd have to run endless miles to even have a chance at profit. I fail to see where that's better than being a company driver. You'd have to be married to the truck, even moreso than a traditional company driver. I think it can work under a very specific model, in which you get a large fraction of the rate, fuel surcharge, and the company has to have their own customers, well paying customers.

Operating off of the load board could breed some inconsistencies at a dollar and change per mile. Then you have to never turn down a load, and in that's not a foregone conclusion that you still won't starve.