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<p>[QUOTE=&quot;Ex-Trucker Alex, post: 12322684, member: 340432&quot;]After graduating from college, I found the economy was bad enough (and being nearly 40 by then, found a lot of entry-level positions were only for 20-something graduates), I reluctantly went back into transportation, but this time as a road breakdown agent for a 48-state and Canada OTR hauler, which I believe at the time was about the 20th largest in the field. We had essentially an amalgamation of 4 or 5 different smaller OTR companies joined together. A couple of those smaller carriers had some lean years, and regular maintenance was often skipped.</p><p><br /></p><p>We had a whole bunch of Freightliners with DD series 60 motors that had not been given regular oil changes, and these engines came to pieces regularly at between 600k-700k. We probably had 3 or 4 dozen of these units. So, what did we do with them? We leased them to all the &#039;problem drivers&#039;, as a way for them to convince them that they could make more money. Not one of these guys ever took the truck they were being pressured into leasing for an oil test or a mechanic&#039;s check, and none of them understood that your lease meant that you owned NOTHING until the day you made your last payment.</p><p><br /></p><p>Well, as you can guess, these motors started blowing 1 by one. Each time this happened, the guy either walked away from his &#039;investment&#039;, or else borrowed so much money fixing it that it would never pay off in the long run Several guys ended up bankrupt. Sometimes death threats were uttered. Being an office employee, I couldn&#039;t warn the drivers of the mistake they were making. When the company went bankrupt a couple years later, yup, you guessed it, these guy&#039;s leases meant that they had zero equity, and the trucks were sold off.</p><p><br /></p><p>To this day, I still don&#039;t understand why ANYBODY would go for a company lease.[/QUOTE]</p><p><br /></p>

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