Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

Lease Purchase with ACT

Discussion in 'Report A BAD Trucking Company Here' started by woody111, Jan 10, 2011.

  1. Jan 10, 2011 #1
    woody111

    woody111 Bobtail Member

    1
    0
    Feb 27, 2010
    Galion, OH
    0
    Well it's true about lease purchase...don't do it! ACT was supposed to be a good one. They have nice trucks, payments are $500 to $600 a week, they are all Kenworths, but you have to be in their little clique to make any money there. They will not work with you once you go in the hole. And their runs are 400 to 600 miles and they want you to do it in 2 days or more. Average miles are 2000 a week. Whatever you have heard good about them, it's not. They are owned by a group of lawyers so the contract is written to where you will not get any money back. What they do is after you are fired or quit they leave your truck sit and not be leased until your escrow money is gone and then they release it. They have no freight for the amount of trucks they have to where you can make a living for your family. You get the bills paid on the truck but that's it. STAY AWAY!!!!!
     
    woody111, Jan 10, 2011
    woody111, Jan 10, 2011
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Jan 10, 2011 #2
    GoneButNotForgotten

    GoneButNotForgotten Heavy Load Member

    916
    1,787
    Dec 30, 2009
    Roxboro, N.C.
    0
    Another lease victim. Sorry to hear about it. Hope you can pick up a company driver position real soon to get you back on your feet.
     
    GoneButNotForgotten, Jan 10, 2011
    GoneButNotForgotten, Jan 10, 2011
    #2
  4. Jan 10, 2011 #3
    nonstop

    nonstop Light Load Member

    162
    33
    Dec 28, 2010
    greer sc.
    0
    All lease purchase deals are B S.Save a few thousand,put down on a used truck.:biggrin_25513:
     
    nonstop, Jan 10, 2011
    nonstop, Jan 10, 2011
    #3
  5. Jan 10, 2011 #4
    Zuma

    Zuma Light Load Member

    148
    64
    Dec 26, 2010
    0
    Why does anyone think that the weekly payment is the important thing in these deals? This is just like someone who goes into an auto dealership, pays too much for a car, takes on a high-interest loan, and then walks away happy because they can make the monthly payment.

    What matters is how much you're paying to buy the truck, including interest, and all of the other add-ons, and how much you're going to make running it, once you've forked over what you owe to the company.
     
    Zuma, Jan 10, 2011
    Zuma, Jan 10, 2011
    #4
    Dryver, Lonesome and Rollover the Original Thank this.
  7. Jan 10, 2011 #5
    scottchris71

    scottchris71 Light Load Member

    165
    49
    Nov 18, 2010
    iowa
    0
    Companies do lease programs cause they make money..A fool and his money will soon be parted!!!! most people that do a lease, dont have the means or credit to buy a truck..You dont get a truck from the same hand that feeds you..drivers will never learn:biggrin_25523:
     
    scottchris71, Jan 10, 2011
    scottchris71, Jan 10, 2011
    #5
    nonstop and Rollover the Original Thank this.
  8. Jan 11, 2011 #6
    truckerx1

    truckerx1 Light Load Member

    177
    148
    Nov 16, 2009
    0
    Another story of Share Croppers gone bad!!!!!!
     
    truckerx1, Jan 11, 2011
    truckerx1, Jan 11, 2011
    #6
  9. Jan 11, 2011 #7
    Bumpy

    Bumpy Road Train Member

    6,529
    5,257
    Jan 27, 2009
    New Ulm,MN
    0
    I do believe I have seen that quote before?? :biggrin_2556: :biggrin_25521:
     
    Bumpy, Jan 11, 2011
    Bumpy, Jan 11, 2011
    #7
  10. Jan 12, 2011 #8
    Dryver

    Dryver Road Train Member

    2,818
    2,575
    Nov 30, 2008
    Sioux Falls, SD
    0
    Here is the deal. If you don't think you are qualified to start up and run a business, don't lease. Could you open and run a restaurant? a hardware store? It is all the same principals as going into business for yourself as a trucker. Just because you can pick up loads and deliver them on time does not qualify you to own and run a trucking company, which is what leasing is. This is a general statement and not a slam on this guy.
     
    Dryver, Jan 12, 2011
    Dryver, Jan 12, 2011
    #8
    Lonesome Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.