Our experience with Success Leasing

Gmohr · Jun 10, 2018

ironpony said: ↑

Sorry to hear about your troubles. Yup. Really bad time to do a lease deal anywhere right now with freight rates being as depressed as they are. The lease on the '07 was a good move in my book. Has or is Bill teaming with anyone? Running a team truck will get more freight, as will training. The other thing you can do right now is to minimize your costs as much as possible - that usually means slowing way down, and cutting your fuel bill. Do your own lubes.

You might want to have Bill get routed to Springfield or Pittston, and take the ACE II class - they'll take a look at his settlements for the last month, and see if there's anything they can suggest to turn things around for you. Also, a Come-to-Jesus discussion with Bill's FM is in order. People are making money on these leases... but I think this is a very difficult time to be getting into this end of the business.

Good luck!
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Gmohr · Jun 10, 2018

dogbone said: ↑

I just started with Prime, Inc. and was seriously contemplating leasing a new truck with success leasing. I have been debating with my wife on whether it is a good idea or not. My wife has been saying that it is too risky for us right now because she is an unemployed paralegal at the moment. But she did agree that it would be a good idea for us to look at after she found work.

Today I have changed my mind about the whole deal. I will be a company driver in the southern regional flatbed division and I will like it.
What changed my mind all of a sudden? I whipped out my calculator and started doing some mathematics.

It doesn't make sense for me to pay $141,696 for a truck (based on $758 payment, taking into account the 16 month reductions) that won't be mine when the lease is finished. The tire fund and mileage charges (based on a 2500 mile week), permits/licenses, flatbed equipment come to just over $60,000. And I don't know what the APU rental comes to but without it the lease is way too rich for my blood.
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