Looking at their lease program...what am I mssing?

What's the lease terms..I.E. trk payment, insurance etc.?

 

If it is a lease thru a company then that is the problem!

There are leasing companies out there and most dealerships also have leaving programs that are a lot better and then you can work for anyone you want, wherever you want, whenever you want.

 

This is the info I got from Ken who's in charge of the lease program 2 weeks ago.

.10 per mile maintenance
11$ a week highway use tax
17$ a week qualcomm
7$ a week insurance
27$ a week per driver occ insurance
25$ a week physical damage insurance
50$ a week warranty ( think one of the warranty's is for the engine)
95$ for 8 weeks warranty
400$ a week lease for an old international (all they have right now is old internationals)
lease is 3 years then a balloon payment

Dont remember some of the specifics for the info above

 

Yeah i suppose, but in the right circumstances sounds good to me. They dont leases new trucks far as i know . Yeah wouldnt lease an old international, if they had some freighliners i would be alot more interested if they let me do an oil sample get maintenance/accident report and have an independent mechanic chk it out also would have to let me get the engine overhauled if i wanted

 

I'll give you my 2 cents for what it's worth. Here's how I see it, leasing a truck from a company means you will be running their freight and only their freight correct? Maybe they have the freight or the miles but they also have control of your income earning potential through dispatch. if you are that happy with the company then why not buy your own truck, spec it like a real truck and not a company truck and then lease on to the company? That way when things go sour you can leave the company and take your truck with you? If the answer is you are short on funds which is what most people will say then you probably shouldn't be doing it anyway correct? I was just thinking the other day how over the past 20 years I have seen more and more companies offering a lease purchase program. This isn't because they are trying to be nice but rather because it is a good deal for them. I personally would not want anyone to have control over me as an owner operator. If I'm paying the truck payment maintenance etc. the control would be in my hands and not theirs. I would even pay my own base plates and insurance. This is to keep their control to a minimum. Just my thoughts, I'm sure there are others more knowledgably than me.

 

I only have 7-8 months exp so sure you know more than me. I agree ,i would way rather lease from a dealership, my credit is #### though so i will have to wait and save a good chunk of change for a downpayment. Someone mentioned to me after listening to a covenant investor confrence call that one of there most profitable areas is leasing and drivet tirnover is there major concern. I dont think its evil if i decide to lease from a company and they make money off me as long as were both makinh the money we want. And no one is forcing anyone to lease a truck. But yeah from the small amount of companies ive run numbers on (swift and cre so far) covenant is the only one id even consider