Lease purchase with Road Runner

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by shawnbfromjersey, Apr 5, 2016.

  1. shawnbfromjersey

    shawnbfromjersey Light Load Member

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    Jan 25, 2009
    Philadelphia region
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    I applied for schneider ic choice. Im waiting for them to do background. Im looking at rr as a backup
     
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  3. C12

    C12 Bobtail Member

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    Jan 6, 2016
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    Quality is a Fleece Dealer you will pay out the Nose for that Truck. I wouldn't recommend anybody to the rude,incompetent and deceptive truck dealer. 600-700 and God forbid don't get a w900 730 a week for 7yrs. Quality is a kick back for the companies whom they Partner.
     
  4. C12

    C12 Bobtail Member

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    Jan 6, 2016
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    And also my Favorite I'm going to use quality and give back the worn out truck. They already know what people will do so you pay a 2600 note on a truck for 6 months but your carriers only pay peanuts you make company Driver money with Stress,No life,no Benifits and Self Employment Tax. At 630 a week, Quality get say six months out the op that's 16657 of revenue then they sell the truck again while the out is lucky to save 3200.
     
  5. shawnbfromjersey

    shawnbfromjersey Light Load Member

    181
    61
    Jan 25, 2009
    Philadelphia region
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    Anybody making good money running with roadrunner truckload choice. Picking your own loads from roadrunner board and other boards looks like a great deal.
     
  6. dretrucks

    dretrucks Bobtail Member

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    Apr 29, 2016
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    It's a funny thing about these boards. I'm new but I noticed no one ever answers a question like this, all you have is people always responding with, don't do it, don't do it, you need more experience, etc, etc..
    I wish people would just answer the question which was asked. If you have no input because you never worked for road runner, then don't respond. Let's keep it simple. Or maybe respond with a simple good luck. People asking these questions know the dangers, but it simply something that they still choose to do. I wish anyone jumping into the arena of lease purchasing the best of luck.
     
  7. viper822004

    viper822004 Light Load Member

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    Jul 25, 2014
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    Agree !!!
     
  8. Bsmoove2U

    Bsmoove2U Bobtail Member

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    Dec 14, 2016
    Mars
    0
    Leasing with Quality will be even worse. Better off getting a truck via Schenider Finance. It's no different than going through a bank. People say go to the bank to finance yet they finance it under their SSN instead of their EIN/business name. If you sign your SSN on the paperwork at the bank then basically you are screwed and it will appear on your personal credit also. Now RoadRunner no longer uses Quality trucks for leasing. They do charge you to use their trailers at $225 a week. They will advertise paying you 85% of the load but with that trailer fee, you might as well say it's actual 78% of the loads weekly. It's sorta similar to Landstar now where you call the brokers to negotiate the rate which to me can be a joke with all the bad brokers Landstar has. If you want to lease a truck and eventually own it and earn some decent $ I suggest you go to Schenider and use their trucks and load board. They will require $0-5k down AND you can take your truck away from them at anytime for another carrier. Matter of fact you can get a truck from them and never haul a single load.
    You basically will do a 1 year lease initially, and at the end of 1 year you will do a 3 year lease on the same truck and own it after the last payment. All your payments go towards the balance of the truck. After the 2 year lease, you are basically leasing the residual amount left from $90-100k depending on the type of truck you got and how old/new it was. Avoid quality because if you get a new truck from them you will end up paying a total of $253k for it whereas with Schneider it will come to $155k.
     
  9. Pepper24

    Pepper24 Road Train Member

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    Apr 19, 2016
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    No bank or financial company will finance a truck just under a ein you will allways have your ssn tied to loan.It is almost impossible to get a business loan for a single O/O.For a business loan you would first have to be inc.and a real business adreress not your house,real business phone that is public not your cell or home number ,also need a structure business setup president.saftey manager,driver manager etc.banks want to see more than one person making decisions
     
  10. Pepper24

    Pepper24 Road Train Member

    1,512
    976
    Apr 19, 2016
    0
    Now you can get loans and or credit cards with your business name on it but your ssn will be attached to the loan
     
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