Lease purchase/ owner operator?

Discussion in 'Questions To Truckers From The General Public' started by hgtd, Feb 27, 2015.

  1. hgtd

    hgtd Bobtail Member

    4
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    Feb 27, 2015
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    1. What are the ramifications behind lease purchase agreements? Are they small or big?
    2. How big is your profit ant the end of the year, after tax season?
    3. On a scale of 1 to 100? How will you see the future under lease purchase?
    4. How much paper-work is involved with a lease purchase?
    5. Can you get out of a lease purchase at any time with out any penalty? And how can you execute the "get of lease purchase?
    6. What is the 2015 operation-cost of a lease purchase?
    7. Can i live me and my family live comfortably?
    8. How frequently will one have a high-dollar load?
    9. How often does the average truck break down on the road?
    10. How often is the average truck ticketed by dot officers?
    11. What is the best way of handling an over weighted truck over 80,000 lbs?
    12. Can i continue to push on driving when i'm five minutes left on 11 hour drive hours and 10 miles close to the detestation under electronic log book?
    13. How long will a settlement-pay take, and what is the best way to summit your paper-work to ensure your getting paid?
    14. Is it better to be paid by percentage or by the miles as a lease purchase?
    15. Will trucking as an lease purchase be worth the ride?
    16. What is some of your worries as a lease purchase?
    17. How often should you think about going home? Three-weeks, four?
    18. Could you profit $500,000 in 4 to five years, after taxes, running hard?
    19. Is it good to run 48 states to achieve such a profitable goal?
    20. How much stress will be on your equipment traveling threw the mountains with heavy loads on regular basis?
    21. What is your plan during the winter time as lease purchase? Do you sit your lease purchase down a while for safety, or keep running your lease purchase?
     
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  3. STexan

    STexan Road Train Member

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    Oct 3, 2011
    Longview, TX
    0
    Spend a day reading through a few threads and sub-forums relating to "Lease". You're asking enough questions for me to know you should not get into trucking as a contractor or a financial backer. This business can eat you alive in 3 months if you don't know what you're doing and/or get a few bad breaks early on as often happens. I understand you're trying to learn this information, but if it was that easy, everybody would be doing it and would be successful.

    There are a dozen ways to operate a truck, and a thousand carriers to contract under (if you don't run independent), each one has it's own issues.

    A good husband/wife team who had the cash to buy a new truck and could lease to the right outfit could run HARD for 6-8 years and probably retire to Mexico, but a lot of things have to be in place. Either you (and your partner) have what it takes or you don't. Running as a separate half of a team not pooling the revenue (splitting the net)? probably not. Buying a used truck probably won't last long enough when running 250k miles/year.

    Running team hard for weeks on end is hard, running team hard for 50 weeks year/6 years ... brutal and few make it all the through to retirement.
     
  4. hgtd

    hgtd Bobtail Member

    4
    1
    Feb 27, 2015
    0
    company drivers, lease driver, owner operator, temp drivers, back -up drivers, or driver helpers, drivers that bounce around, drivers seeking the sweat seat, slip seat drivers, team drivers, to all professional drivers out there, what is the good news for 2015?

    has been any change in your contracts?

    Any pay raises?

    Are e-logs working for you and your employer?

    How are you felling about the future in the trucking industry?

    If you have a camera in your truck how does it feel during operation and your felling when you shut down?

    any new changes at the weight stations?

    are you trusting your employer?

    Is your employer trusting you?

    Is there too much stress on you out there dealing with dispatch for "2015"?

    Has any thing change in your operation for 2015?

    Is their any discretionary income to enjoy?

    Are you lucky to be in operation, or just sight seeing the states?

    Is there still false reports on, or about d.a.c./hire-right reports?

    Is your safety department enforcing the law threw out the company to ensure you are not to be threaten by staying dot compliant, not over-worked, or force into breaking laws to save your job from a newbie driver?

    Are dispatching limited now, rather than ever before?

    How important are you to your employer" besides being expendable"?

    How dependable is the truck you're driving: For you, your employer, and the shipper?

    Are you and your employer strongly committed to servicing the shippers/costumers?

    Between you and your employer, have your trips benefited you both as carrier and professional driver?

    Is it worth been a team driver far as safety and pay?

    Honesty?

    How good is your employer reputation: Good or bad?

    How long is your past home time been vs 2015?

    Has your job become more dangerous than the past year proceeding 2015?
     
  5. G.Anthony

    G.Anthony Road Train Member

    4,564
    5,952
    Dec 10, 2014
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    Some of the above,

    none of the above,

    no answer to some of the above,

    does not apply to me to some of the above.

    I think that just about covered it all, don't you think?
     
    STexan Thanks this.
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