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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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How do the owner/operator lease-truck-back-to-company programs work?
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<p>[QUOTE="Brandt, post: 8475391, member: 96019"]It more simple then people are saying. You can buy you own truck and then lease it to a company like Landstar and they do lots of things for you paperwork and billing and have loads you can pull and they take a % of the load.</p><p><br /></p><p>You can go and lease truck from a trucking company and they control everything about your business. They set the truck payments. Then they tell you how much they will pay you. I'm sure you can see that big problem. Then even tell you were to go. Like we only have loads to the Northeast and you have to pay $300 in tolls to drive the truck in the Northeast. People see that new truck and only have sign their name and they are trucking. What they don't tell you is the payments are crazy high like $1,100 a week. They are walk away lease, if you don't like it you can walk away. It also makes a great business model for the trucking companies. They get new driver to pay extra high payments on the truck. When one driver finally gives up or goes broke. They have the next new driver ready to sign up and go make the big money. They say thing like if you a hard worker you can make it but it kinda setup to make you fail.</p><p><br /></p><p>Did people hear about the CR England law suit. CR England payed 37 million dollars to settle out of court just because they care so much about drivers ha ha. </p><p><br /></p><p>This guy is funny</p><p>[MEDIA=youtube]9tfqBrfdAs0[/MEDIA][/QUOTE]</p><p><br /></p>
[QUOTE="Brandt, post: 8475391, member: 96019"]It more simple then people are saying. You can buy you own truck and then lease it to a company like Landstar and they do lots of things for you paperwork and billing and have loads you can pull and they take a % of the load. You can go and lease truck from a trucking company and they control everything about your business. They set the truck payments. Then they tell you how much they will pay you. I'm sure you can see that big problem. Then even tell you were to go. Like we only have loads to the Northeast and you have to pay $300 in tolls to drive the truck in the Northeast. People see that new truck and only have sign their name and they are trucking. What they don't tell you is the payments are crazy high like $1,100 a week. They are walk away lease, if you don't like it you can walk away. It also makes a great business model for the trucking companies. They get new driver to pay extra high payments on the truck. When one driver finally gives up or goes broke. They have the next new driver ready to sign up and go make the big money. They say thing like if you a hard worker you can make it but it kinda setup to make you fail. Did people hear about the CR England law suit. CR England payed 37 million dollars to settle out of court just because they care so much about drivers ha ha. This guy is funny [MEDIA=youtube]9tfqBrfdAs0[/MEDIA][/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
Forums
>
Good & Bad Trucking Companies
>
Questions From New Drivers
>
How do the owner/operator lease-truck-back-to-company programs work?
>
Reply to Thread