is leasing really a way to go

Are you putting away money for the eventual repairs, tires, oil changes, major repairs, as a lease operator and still take 800-1100 home? Maybe try to figure out roughly how many miles it will take until the truck will be paid off. At that point, what condition do you think the truck will be in? Will the kind of work you are doing maybe allow it to go for a few more years where you don't have a truck payment and can put more money away? The company you are leased to - will they allow you to run a then old truck, or do they demand you move into a new one and start all over?

To me the only way a lease purchase actually works is if you end up getting very lucky with a truck that won't crucify you in repairs and operating costs, and also you have a company that will give you the work they say they will through the total length of the lease. You would be further ahead to get your own financing from a bank and buy a truck yourself, so at least if things go sideways at one company you can move to another. If the bank will not lend you the money, perhaps you should seriously consider staying a company driver and rebuilding your credit and piling up cash.

 

I started a thread that addresses this very issue:

http://www.thetruckersreport.com/tr...ing-company-here/219180-running-with-jct.html

But if you're bringing home $1,200/week AND home on weekends then you're living the dream, lol.

 

in my opinion leasing is can be a lucrative way to go. It really depends on what your goals are. For a person that wants to own a rig and their own business in trucking it can be used as a stepping stone for both the experience and potentially the ownership of a truck. However to be successful wether buying your truck outright or through a lease purchase there is a level of commitment needed that far exceeds being a company driver. It is a business and as such takes the extra dedication.

 

Nice truck and trailer!

 

Thank you.