Sortof a silly question because i haven't even started yet but i'm always looking into the future. Would leasing a truck after i get at least 1 year experience be a good idea because i have basically no bills, no kids, no mortgage and single? All i really have is food and cell phone and car insurance. I read a lot that the lease game is a racket for the most part but i don't want to get into a lease PURCHASE just a lease basically rent the truck and turn it back in.
"IF" you were to do a short term lease, I would suggest ATS, they seem to have a decent 1yr lease deal. But, that's subjective.
You don't know what you don't know. Get that first year over and done with. After your first year, you'll be able to answer your own question. We can't answer that question for you.
Great. Great. Great. Great. And that might all suddenly change. What happens when you want a life but you've sold your soul to that piece of #### sitting on 10-wheels? Work to live. Don't live to work. Pardon if that's crass.
Sold my soul? From what i read and watch on youtube some of these guys have walk away leases with no penalties. Basically renting the truck with a large weekly payment.
The penalty is usually sacrifice the escrow and/or maintenance & tire fund. Also the lease driver agrees to pay for repairs when truck is turned it.
And i will forever be freer as a 'company man'. Squash some numbers. There's a reason there are so many 'Got ripped off' threads on this site... it isn't coincidence, fella. However, to each their own, and may you do what you presume will make you happiest.
I was aware of needing a maintenance fund. This lease is just a thought i didn't dig deep into it with extensive research because i haven't even started being a company driver yet.
Your cart isn't even within sight of your horse. Slow down. You'll have plenty of time to learn the trade and see some real world numbers and scenarios. There's a reason a whole slew of us drive someone else's truck. Being a company driver has it's cons, sure, but it has a whole bunch of perks too. Lease deals always struck me as 'too good to be true' and that's the reality for the majority of wanna-be independents.
There are some decent please purchases deals out there, but they require you to actually put in the effort to make it work. Several companies out there so nothing but l/p then let the drivers stay on as a leased on driver. I've researched several companies with l/p programs, and of the ones that would actually send me copies of their lease agreement, I've narrowed it down to 3 that I'd consider. All three of these companies require a minimum of 2 years with one requiring 3 years. Put your time in, get 2 years of experience then start researching LP options