Lease Purchase through (insert company here) is bad!

I'll put it in the open.

If you are claiming this is a successful lease opportunity,...

Recruit me for it and "show me the money"....

No recruiting income, just truck gross revenue, expenses and net income.

In actual financial statements.

I am looking to be an O/O, not a company driver.

And that is a no BS statement fact.

 

AHA! You're looking for BK to act as an unpaid business consultant. Maybe you should do the right thing - do your own due diligence, or hire BK to provide you with that information.

 

I would never recruit anyone to become an owner operator or to do a lease a truck through a company. If you don't have a burning desire to be the captain of your own destiny then you stand very little chance of success. Leasing your truck from the company you also pull freight for makes success even harder. It is possible, but you have to know what you are doing and have the courage to pay whatever cost is necessary to succeed. My time at home was cut in half for the same amount of money. The reason I'm doing this is the long term payoff, not any short term benefit. When I read the stories of the failures I can see the mistakes, drivers who start with so little money they can't even buy a gallon of oil, leave alone a tire. Others who lease a company maintained truck with over 700k miles and worse yet it's a five year lease.

My company offers the CABS course from ATBS for free to all new lease/purchase drivers. This course is worth over $400 and they also have an agreement with ATBS to provide accounting services for $16.00. The ironic thing about offering the course is that it contradicts how their dispatch tries to run your truck. The course tells you to select loads that are profitable for your business. On the other side their dispatchers still try to run your truck like a company truck. You should see how irritated they get when you tell them you aren't taking a 250 mile load that's spread out over two days.

 

I have done my homework.


My homeworks says his claims are suspect. And if it's a better opportunity than what i have plans for, i will entertain that idea.

Otherwise his claims are not worth what he's claiming

 

Well bully for you! BK has already done you the favor of pointing you in the right direction. If you don't believe him then move on. He's already offered the best proof there is: longevity. He's still here and doing it. If you were correct, he'd have been 3 'n out and have punted a long time ago.

No sir! What you are looking for is certainty. Business is a world filled with risk, so much that 80% of new businesses fail within the first year. If you don't like the lay of the land at ACT, then move on. If you want certainty - get a job.

 

I love this thread!! People come on here and say they are suspect, or how they have done their homework. Have you noticed that Joseph has disappeared from his own thread. He also stated how much homework he has done, but in his homework it seems that he missed the fuel surcharge, which is a pretty big miss. Can we see what you have done for homework and what your calculations are?

 

I do my L/P through ACT in Liberty,MO.I have a thread in the Question's for Motor Carriers section at this website.The name of my thread is Lease Operator for ACT.I started in Nov. and have stated all my cost,pay,and equipment since then.I make over a thousand dollars a week and am paying off a 2010 KW.I'm sure someone will bash me on here that they make just as much as a company driver,which is probably true in alot of cases.The only difference is that I'm going to get a 50k bonus at the end of 46 months,in the form of a nice truck that will have decent miles and I can do with it whatever I want.I don't run huge miles and have plenty of off time wether on the road or hometime.There are alot of bad L/P programs out there and I did alot of research to find this one.I think that alot of the people on this site are trying to learn things about different company's and program's and that's great!There is risk to any buisness plan as one guy has stated on here.If you want a certain wage and job security,then stick to driving a company truck,nothing wrong with that.

 

Actually, I have shared my homework. A few times.


http://www.thetruckersreport.com/tr...tor/174846-lease-purchase-how-do-they-do.html

http://www.thetruckersreport.com/tr...ti-lease-purchase-program-10.html#post2549530

 

I have 2 options for getting a truck, leasing or using a 35k personal loan to buy a truck. I plan on leasing on with comtrak, G.P. loads from Green Bay to Chicago railyards. I did the Chicago railyards twice be4 as a co. driver, rarely got a G.B. load to the windy. But I know the ins and outs, if I start my day at 18.00 traffic to Chicago is light, the wind at night is light also. I could do a round trip in under 7 hours of drive time, the drivers that run days that,s all they do,down and back. I can easily make 1 more run back down to Belgium truck stop, where they have sleeping rooms for under 17.00 or the the Il. state line. I prefer driving at night plus, no lines getting fuel, easier on tires and truck, no scales are open. I have a 55 gal drum of oil, 4 virgin drive tires I bought years ago. All I need is a truck haha. I had elbow surgery from driving co. junk, still healing up.

 

Why would you lease three trucks?? Didn't you learn the first time? (sorry I just HAD to) Really why? I would think that after the first was paid the goal would be to run it PAID OFF and SAVE money over the next few or ten years and then and only then buy a truck OUTRIGHT
Haveing huge lease payments hanging over your head is NOT good biz sense