Lease Purchase of Truck Needed

have you looked at Lone Mountain truck in tifton, ga.

 

If you prefer a living family, I'd recommend driving a company truck.

However, if you don't mind your family to be emaciated and near death, then go ahead and lease/purchase a truck from one of the "O/O companies".

 

No, quite the contrary, I am not being rude, I am telling you the reality. But the reality is not what you want to hear--you want to believe the line of #### that the CRE recruiter gave you.

Go ahead and lease a truck. Don't say I didn't warn you.

 

im still in classes to get my cdls but there is a company that my teacher was saying about called Lifetime Business Financial LLC that helps people get into trucks with credit problems. i never contacted them so i dont know what they look for. but i hope that helps you

 

It's called Lifetime Financial because that's how long it takes to pay off the flease.

 

the absolute truth IS...
99.9% of the financiers that will take on a bad credit and no money down loan are going to rob you blind.
high risk= high payments
that isn't to say you would not make good, but being in the same credit situation and with no money to put down myself I would say FIND ANOTHER ROUTE TO TAKE!

 

Unless you are getting a lot of advances, you should be making about double that with one year experience. Perhaps you should consider finding another carrier rather than doing a lease. Starting with NO money and BAD credit is not a good way to start out. Very few people actually pay out a lease. Many with whom I talk make less leasing than they did as a company driver. I spoke with one who was leasing a truck from CRST Malone last year who told me that he was only clearing about $300/week after everything was paid. I recall another who posted on another trucking forum that he only cleared $30-60 some weeks.

You are going about this backwards. If you are not making enough as a company driver then see if you can either get more miles or look for a different carrier. If you have a good MVR, CSA and work history, you should not have a problem finding a different carrier. With a year experience, you should be earning in the range of $30-35,000/yr. That comes out to about $600-700/week. Once you start with another carrier start cleaning up your credit and learn all you can. While you are cleaning up your credit and learning this business make a commitment to save a fixed amount out of every paycheck to be used to buy a truck, if that is what you really want to do. If your main reason to get into a truck is to make more money, then you may want to stay a company driver. After a couple of years in the business many can earn over $40,000/year. If you cannot discipline yourself to save money toward your goal, then you don't want to obligate yourself for a truck.

Those who lease trucks to drivers generally charge more for a lease than you can get from conventional financing. You can expect to pay at least 1/3 more than you can get on your own. For the most part, a driver who leases a truck from their carrier is a glorified company driver. You usually earn no more than a company driver and most earn less, but still have the responsibility of an owner.