I just heard a broadcast from Aubrey Allen Smith. He has his own blog about the "Truth about the Trucking Industry." He has been a trucker for over 34 years.
14 years as an owner operator. Truth About Trucking, LLC was launched in 2005. He has been involved with the trucking industry for 35 years, accumulating 4 million safe miles. If anyone is thinking about doing a lease purchase plan from any company I think you should listen to his broadcast. Here is the link.
Here are some statistics from his web page on the success rates of Lease /Purchase Programs.
I am looking to becoming an owner/operator myself in the future, but after listening to this and doing some research I think I am just going to wait acouple of years and save my money and buy my truck on my own. I am not saying there is no one that has been successful in lease/purchase programs. I have just found there are few people out there that have completed a lease and walked away with the title. That is just the information I am finding. I would appreciate anyone who has any input in this matter or can recommend a current trucking company that has a lease/purchase program that is fair where the trucker actually walks away with title after completion of the lease.
Thank to you all,