KKW Lease Purchase Anyone do it and survive?

I understand what your saying but just think. Your not making it there now. What makes you think doing lease purchase will get you making more than pay check to pay check? Cause all ones ( lease/purchase deals) I here of just make sure you make enough to pay them and then nothing much more. Not trying to be negative. Just telling you the facts of years of that and even on here. I wish all drivers would get own truck and authority. Would eliminate a lot of problems in industry. I do wish ya luck on whatever you do.

 

No need to get you KNICKERS IN A KNOT , I just posted what was shown in their AD on Craigslist , you never mentioned a copy of the contract in your original post at the start of the thread so I took it you had just based things on an AD.

 

I have never known anyone, nor heard of anyone to ever finish a lease purchase. What makes you different?

 

10-4 on that!! ^^^^

And the OP really thinks the "Truck is yours at the end of the Lease"???? Better read that clause very well! What's the oldest truck in the fleet? How many truck owners are there in that fleet? If any, have you talked to them? My guess in the 35th month of your lease, KKW will be expecting you to get rid of your old tractor and get a new one.

Keep reading up on these "Lease-Purchase" Programs! All the info you can ever imagine is right here on this forum. You just have to spend the time finding it and reading it! Most all of the LP programs I've read in the last year or so, more than likely you'll never own your rig. Your just making the payments on the truck for the trucking company! Ever wonder how KKW, Swift and the other Mega's got so big??? They didn't get big by running just cheap freight!


Anyhow, just my 2 cents.

 

Hi luvtotruck,
I work at KKW and can answer any questions you might have. Let me start with the FSC question & hopefully I can explain it right - the FSC isn't meant to pay for 100% of your fuel expense. It is simply a surcharge to help pay for the fuel cost increases that have happened over time. Every FSC chart starts with a base fuel cost (which should be part of you basic operating costs) & any increase in fuel costs over this number is compensated via the FSC chart. You get 100% of the surcharge. Two really important things about the KKW FSC is that it is based on the West Coast price of fuel, which will treat you better. This is because KKW is a regional carrier and you are purchasing most of your fuel at West Coast prices. If you sign with a company that uses National fuel prices, it will work against you. The other big thing, which is huge - you can purchase all your fuel using our fuel network card & if you stay in the network you can achieve HUGE discounts over the posted cash price at the truckstop. This savings gets passed along directly to you with no mark-up at all from KKW. By tapping into our purchasing power, you can see significant savings on the cost of fuel

The other question that I saw in your thread was about the unload. Yes, we do have some loads that require an unload but most do not. I think the latest stat I heard was about 20% of our loads required an unload, but I would want to double check that for you to make sure you got good info.

Anyways, I just thought I'd clarify that FSC thing since it didn't seem like it was explained correctly.

Good luck in your search, I'm sure you'll find something that will work well for you.

 

There was also the question of if this was a Lease Purchase or just a lease with an end and then turn the truck in? How many L/P drivers do you have working right now? Also what about Dispatch? Does the L/P O/O's gets the pick of the loads? and then the rest goes to the Company Drivers? Thanks.

 

It is a lease purchase. You own the truck at the end of the term. We have a dozen or so Independent Contractors (I/C) that are leasing trucks (to own) from us. We mainly started this program because of the new California CARB engine requirements. Most of our I/C did not have compliant trucks, so to help them purchase a trucks that was legal in California, we created this program.

As far as the dispatches go, there are so many variables to dispatching but I think we try to do first in, first out as best we can. Of course, I/Cs do get to make the final decision on which load they take or not. It's not an easy question to answer, maybe I could put you in contact with another driver that is leasing a truck and you can ask him about the internal workings. Probably would make you feel better coming from someone doing the work.

 

PS: The lease program isn't for everyone - you need to be a consistent runners and be willing to work. I'm sure you already know that but sometimes it surprises me that a driver might think they can run 1,800 - 2,000 a week and make it as an I/C. Since we have a vested interest in your success in this L/P program - we do try to make sure you are getting as much opportunity to run as possible. It's then up to the individual not to turn down the loads.

 

The truck he is looking at buying is less than 5 years old & California compliant. Those trucks aren't cheap. Your right you can find much cheaper trucks out there but you won't be able to driver them in California much longer. Maybe they are out there but I haven't seen them. Plus he gets into the program with zero down & no extensive credit check.

Promise I'm not pushing our program on anyone that doesn't think it works for him. Just trying to give good, solid info. Shop around and make sure this choice is best for you.

 

Is this a Trucking Company? Name of it? Have a website? Do new trucks?