Input on this Potential O/O Deal

As a general rule, as with most of the eperienced folks on here, I am not in favor of lease purchases. And that stems from the fact that most lease purchases are not putting you into any sort of profitable niche, but instead have you competing head to head against the largest carriers in the country. I see little logic in leasing or buying a truck and trying to compete with JB Hunt or Swift in the van business, FFE and Prime in reefer freight, and so on and so forth.

But, if you can edge yourself into a niche, find a way to service that, and make commeasurate money for the effort involved, then it's worth taking a second look at. The problem most of our posters encounter is that they are not doing anything different from the majority, and the majority sets the pay scales, which has a dampening effect on their potential income.

If you can make the money you need by servicing the customers they have, and you are confident of their ability to continue to grow their business, then it's not a bad deal. Of course, you ned to loo over every part of it with a fine toothed comb, making sure that all the T's are crossed and the I's are dotted. But if you feel conficdent of what you are seeing, and feel confident in the people that you are going to be working with, then I would say to give it a shot.

I've never objected to someone who actually has found some sort of area they can specialize in, but almost always have objections when someone wants to do the same thing as everyone else and expects to have a different result from it.

 

Well when you mess with shady companies like CRE that's what happens in lease programs. Currently T/A is getting its first large wave of lease completions, the program is only 6-7 years old. The only reason I sign with them, two weeks notice and you're free and clear of the lease. They have one person who handles final settlements, and she is extremely nice about being up front. I had to break one lease due to personal reasons and they refunded all of my accounts. That is the question you need to be asking these guys, what if you don't like working for them? What happens if I beat you in the parking lot with a bat, rob you, then you can't work for a few weeks, and I'm hitting on your woman while you're in the hospital. I mean any of those things could easily happen.

But if they have a two week clause, try it you may like it.

 

hauling cars you can forget good fuel milage, but you knew that...lol

sounds like a good deal IF the numbers do work out....double check everything

 

Collector car hauling is where the cash is at. Or even higher end cars. I did think about the competition but realized it after I typed the original message. I may be getting out of the leasing business, not because of money issues, but I'm just bored with it. I've been looking into different things, I can sub lease you a truck.

 

I guess I havent looked too closely into percentage pay as there are lots of variables...maintenance, fuel, tires...etc. Not sure what those costs can add up to be.

If the loan isn't in your name...whose name would it be in? I think the company is much less likely to dink you over on the loan if they don't get anything if they cut your loads. ie...some companies, you lease the truck from them so if your loads are cut, they repo the truck from you.

 

I hate to start anything....especially with a member that is held in such high regard.... but aren't you one of the ones that said I was crazy for leasing from the person that I get my freight from? Yeah, it looks a little different when it's something you want to do....

If you truly believe what you have preached.....stay true to your word. Find another way. Or go ahead and say that you were wrong. One or the other.....your credibility is @ stake here.....either way you will have the respect of those that have read your posts.

I know this seems harsh.....but, you have influenced literally hundreds of people.... IF this stays....I'll probably get hammered for being a prick..... But....you know it's true.

I know what I believe.....and that is that you CAN make money leasing from them. But....that's been my stand all along. You just have to know what the game is going in.

You better make sure that it's in writing somewhere that you will get the truck and trailer when they are paid for.

What am I doing? You are the one that already knows this. Sorry man, no one here can help you.

Whatever you decide.....I wish you success.