I think 'm in Love

That right there is the understatement of the year...

 

Me personally...my favorite trucks are Peterbilts (the old school Peterbilts to be exact) or the old school freightliners. As far as newer trucks would be the Peterbilt 379, 388, or the 386 with a Cat Motor. Call me strange..but I just like them.

I agree that some can do the lease purchase and be okay..but others get burned. I have searched through many threads about lease purchases, but me personally it is to much of a risk. I agree with what others have said...it is better to gain experience and knowledge first before jumping head first in. I am looking at different options for my husband to get a truck..and not do a lease purchase. This way his payments would be lower then what the lease purchase would be, and he can take his truck with him to another company if things don't work at another. I think being an O/O gives you more control leverage with a company verses being a company driver doing L/P.

 

That's good. Because if you got into a lease without knowing what you were doing, you could end up so far in the hole that you wouldn't be able to afford a day off.

 

All this over a VOLVO???!!! Wtf.......

 

I have a new Volvo 780 but it would be silly to go through a lease purchase through a company when you can go direct to Volvo for purchase financing. Best to save the down and get one through Volvo with the options you want not something the company thought would be good.

 

Only a tall stack of these every week would lure me into something that risky. I don't care if the truck looked like a rolling turd:

 

I have a 780 and have never had a problem with getting parts. Sitting around for weeks? LOL. I'm starting to think this is a myth created by people that have never owned a Volvo?

 

If its any consultation about the "perks" of leasing, we too had a nice Volvo 780 with the D-16 motor and yes it was a great truck! Only problem was we couldn't keep it out of the shop! In fact it was in the shop solidly for 6 months until Volvo gave us another brand new one. Same thing happened with the new one! Eventually after loosing thousands of dollars in revenue Volvo paid us a settlement and took the truck back! We figured that was why the built the thing so roomy! Couldn't tell you how the fuel mileage was, we never went anywhere!

KateL not saying this will happen to you but it is very likely it will at some point in time. Don't get "Bass" syndrome! This is where you tend to bite at anything shiny no matter what the consequence. Leasing is extremely tough on a solo driver and unless you are living on the road it is tough to make a living. What sucks is that these companies temp the newbies into leasing before learning how to back up and they are soon out of business and barred from the trucking industry.

Not saying leasing isn't for you but if you are slightly inclined to do so then before you do run for at least 6 months company and keep track of everything you do. Pretend you are an owner operator on paper and see how you make out. Make sure to deduct all your expenses and add up all your costs and such and see how you do. You may find you will make more as a company driver.

 

Right down the line Chompi....... I agree. Well said.........We should throw her some numbers for a base line........

Say like FSC.... add "x" % revenue for FSC. ( of what 25-30% of billed mileage? )

And carriers expect truck to gross $3077 a week and avg length of haul is 625? ( as baselines for performance evaluations )