Ptl lease purchase

I just turned 18, Single white female, Blond hair blue eyes petite. heres my contact info.http://www.thetruckersreport.com/truckingindustryforum/members/2035-mack-e-6/

Ditto to the second quote

 

I personally refer to it as "modern day sharecropping".

 

As I don't drive for JCT, Did in the past, had to leave due to family illness, but I know to many drivers who have paid off their trucks with JCT, When I had my truck with JCT I cleared between $1200-$1400 a week after all expenses and taxes, Now I have also been a true owner op, and made more, but there is a lot more out of pocket expense when you become a O/O, own authority, 2290, and more, With JCT they cover all this, They still may get most of the revenue from the truck. but it's a easy way to get your first truck. if your credit score is a little on the low side, There are some horror story that float around here on JCT, but With a little digging, you can find out that It was their own down fall for their failure, One thing drivers have to remember, When you lease a truck, You are not the owner of this truck. you still have to comply with company policies, you cant make changes to the truck, govern the truck to what you want, Pay off the lease, and then you can do those thing, or? go and buy a truck from a dealership, With a loan, you can not walk away, with out hurting your credit, with a lease, Like from JCT, you can turn in the truck and walk away, If you so chose to

 

I can agree that MOST L/P programs aren't right for MOST drivers. Your use of the word "every" made your statement and absolute. Absolutes are rarely if ever true.

 

Actually it's still not yours if you get a loan, it's the financing company's. If you read a loan contract carefully I'm sure their are limitations in it to modifying the vehicle as well. It's never really yours till your name is on the title.

 

I can agree with that, my own personal findings is that there are 2-4 doable ones and hundreds of really bad ones.

 

Lease purchase is a rip off... Period. For every success story, there's 20 other people that lose their shirts. Of course there are some like prime that will hire experienced company drivers which was what I hired on as, and they don't force you to lease like trans am does, but the persuasion is there... "Hey...pssssst... What some really good long haul loads? Sick of being stuck in northern Maine for weeks at a time? Sick of drivin' that beat up coffin sleeper "lightweight" truck? Just sign here, man. And just give me 1500 dollas a week, and y'all be lightin' cigars with dolla bills,man."



Not for me. Of course there's a few prime lease ops here that would disagree, but they probably make more money off the recruitment bonus. Definitely glad I moved on from that nightmare.

 

Your right on one thing, it still belongs to the financing company, but I have had loans for trucks, And could do pretty much what I wanted to the truck, Governed speed, change the color, add anything I wanted, no restrictions, In my experience, Finance company normally don't finance the idem, they finance the person, If you default on the loan, They will Repo the vehicle to try and recover what they can and come after you for the balance, plus a little extra, well? maybe a lot extra