Leased from TEL on to USA Truck

Discussion in 'Lease Purchase Trucking Forum' started by Daddy Titanium, Oct 12, 2021.

  1. Daddy Titanium

    Daddy Titanium Bobtail Member

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    Aug 24, 2021
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    a little back story.

    I have been driving about 3 years now, mostly tankers but wanted less labor due to bad knees and hips from a combination of HS Sports, Army, Deep Sea Fishing and sadly I was hit by a drunk driver. he was traveling over 75 mph in a 35 mph zone and hit me head on, I am made up of lots of titanium medical implants. yes they used titanium because of a past reaction to medical grade stainless steel. I have a fairly good business acumen, when I was 13, I took over my brothers paper route, back then they were sold. he sold it to me because he was too busy for it. he wanted 1/2 my wages for 3 months to pay for it. I thought that was too steep. the route made about 400 a month and he was selling it for $250 cash but financing me he was going to try to get $600. I used my families lawn mower and cut about 20 yards and made the money to cover the gas I used, buy a wagon and the paper route, as I was delivering the papers the people I cut the grass for asked me if I was going to continue cutting the grass they would pay me to cut it regularly. at 13 I had lots of things I wanted, being raised by a single mom, I didn't have all I wanted, I did have all I needed, so I had a difficult time refusing the opportunity to earn money. by fall I was delivering paper at 5am before school and then after school I would cut 4-5 yards a day, on weekends I would cut 6-8 and still have time to fish. living in a trailer park yards were small and close together. As winter set in i decided I was going to shovel snow (what a mistake) by the time I was 15, my best friend was 16, he had a truck and wanted to make money, so I paid for his gas, I bought a trailer, and 2 mowers, trimmers and blowers. by 17 I got my license, and bought a brand new truck, paid in cash, not the best truck but I bought a ford ranger 1997, I decided I was going to go in the Army, I had 4 employees, 64 weekly accounts and still delivered the paper. we had 2 trucks running and my friend offered to buy the business I started, he would pay me $20,000 and pay me 15% of the business for life. we inked the deal, I loaned him the $20k interest free as he was my best friend. today he is making good money, still paid me my cut until my car accident. he was there for me in a time of need with a bleak financial outlook and bought me out for a large sum. all in all not a bad business built from hard work, at 17 I made two times as much as my mother who was an ER nurse.

    I first looked at getting into a lease when I started driving. I came here to this forum to read about it and was convinced it was a fools bet. I started driving for a company and kept running the numbers, I came to the conclusion, the ney sayers were right and wrong. leases are not a good thing if you are not a self starter and do not have the understanding you are your business. thanks to @markealy I seen he was doing it. all my research says the biggest determining factor to a successful lease purchase are

    1.) dont drive on a pay per mile contract... you lose!!! Every time!
    2.) dont drive for the company that you lease from, you are the customer in a lease, they should not control your earnings
    3.) no forced dispatch. that limits your earning potential to what your dispatcher allows.
    4.) you have to be a self starter!
    5.) pretrip. pretrip and for the love of god, whomever you pray to. ####ing pretrip!

    I will keep yall up to date as my adventure continues. I am set to pick up my truck, on October 18, in Tipp City, Ohio!
     
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  3. truckdriver31

    truckdriver31 Road Train Member

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    im confused. 1-5 are donts. but your leasing a truck from TEL that can only be used at TEL leased companies. same scam with quailty or roadrunner.
     
  4. Daddy Titanium

    Daddy Titanium Bobtail Member

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    Aug 24, 2021
    NW Ohio
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    My lease is through TEL, I drive for USA Truck, I am on the load board, TEL does not control how much money I can make, and I do not pay USA. what I mean by don't let the lessor control your income is if a company has inn house lease purchase, for the trucks they own, and they dispatch you. I wont publicly point fingers.
     
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  5. truckdriver31

    truckdriver31 Road Train Member

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    usa has a contract with Tel. your terms are only good with tel and usa. if you leave usa. you can only take the truck to a approved Tel carrier. i have been there done that.
     
  6. Daddy Titanium

    Daddy Titanium Bobtail Member

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    Aug 24, 2021
    NW Ohio
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    ok I'll bite, who did you drive for when you leased through TEL?
     
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  7. N00bLaLoosh

    N00bLaLoosh Medium Load Member

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    May 13, 2021
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    I wish you well DT. Keep updating.
     
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  8. truckdriver31

    truckdriver31 Road Train Member

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    usa, roadrunner
     
  9. Daddy Titanium

    Daddy Titanium Bobtail Member

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    Aug 24, 2021
    NW Ohio
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    I am assuming you're no longer there judging by your profile pic? what went wrong?
     
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  10. truckdriver31

    truckdriver31 Road Train Member

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    dont remember. just a rat race. good luck on your nee gig
     
  11. markealy

    markealy Heavy Load Member

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    Jun 20, 2013
    EL PASO
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    this is going to be good congrats
     
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