Lease Purchase

It is a very bad option. Just because 7,542,583 have failed does not mean you will. You are a lot smarter than those guys.

 

Personally I saved $10,000 as a company driver, then with an excellent credit history I had no problem qualifying for a new truck I bought myself via Freightliners own finance Daimler Truck Financial. Then leased onto a company as an owner op.
But that was 20 years ago. But with enough of a down payment and an excellent credit score you should be able to do it.

 

What he said but make it 50-60k


Lease purchase is a real bad idea.

 

Greatwide has a good program.
www.greatwideotr.com
At Greatwide We Turn Drivers Into Owner Operators With Our Lease Purchase Program!
Good Credit Bad Credit No Problem!

• Apply Online To Get The Process Started.

• Visit One Of The Dealers Below In Person Or Online And Pick Your Truck.
  • If You Have A Dealer Of Your Own Not On Our List No Problem! We Can Work With Them.

• Upon Completion Of The Lease Agreement We Overnight Your Log, Stickers, etc...
  • Your First Load Will Be Waiting.

• Poor Credit? See Below.
  

 

Yeah but the other 11,049,382 people who haven't failed should indicate some do make it.

 

Well just imagine if you were a LP and sitting like that

 

It's a bad idea . Just because other guys have done it does not mean it's a good idea . Get a loan from a local bank and find a company that pays percentage . Mileage pay on a lease purchase will keep you a slave until you give up and the company keeps the truck.

 

Why not just buy a truck ? I'm guessing the same reason everyone else does LP. No money, the trucking company know this and they write the lease all in their favor. They make more money if someone fails at the LP. Because they can just get another driver who will think they can beat the syatsy the company set up. They set you lease payments, they set control your miles and your pay.

Look at Prime, they change something like $1,000 a week but if you complete the LP you get a big bonus or your own money back because your pay $1,000 a week. If you fail they keep all the money and you walk away with nothing. They even call it a Walk Away LP. So if anytime you don't like it you can walk away. They got someone to pay them $1,000 a week for a truck. If you fail is never their fault. You just did not run hard enough or did not take those loads to the northeast with no parking and crazy toll.

You take all the risk and they set the pay, miles and even tell you were to go. If someone pay $1,000 a week or $52,000 a year for a truck. In 3 year the truck is paid for but that truck has LOT of value to the LP company. They can return the truck and sell it for whatever a 3 year old used truck is worth. Maybe $60,000 it probably less then that to them because it would be sold at auction. Say it worth $40,000 at auction. You see it would be in their interest to see you fail or just take the truck back after 36 months