Quality Lease program

Knucklehead · Jan 11, 2017

mudflaper said: ↑

roadrunner lease through engs finace co. walk away roadrunner has so many hidden company charges that u will never get a paycheck u will own them more money than the truck makes every week two months into lease i had to leave or loose my home made 28grand still have negtive balance 4400. an the lease co. says work for who they say or turn truck in its nothing but a payroll scam no one will takeover ur lease no other trucking co will deal with engs finace co THIS IS A VERY BAD COMPANY WALK AWAY
Click to expand...

What he said! And if I may add, ...........

Coachman1 · Jan 19, 2017

TexasMike said: ↑

Leasing isn't for everyone, and it shouldn't be about just 'more' money. Leasing a truck is generally the first step towards being your own full-time boss.

If you have an honest desire to own and run your own trucking related business, then go ahead and do your due diligence on what companies are out there you can lease to, what they realistically offer and how leasing to them will benefit you and not them.

Quality (which is owned by Celadon) is only one of a few companies out there that leases trucks. Granted they are probably the easiest as they never turn down anyone who gets approval to lease onto one of their 30 or so partner companies. And a few of those partner companies are pretty decent as a starter lease company.

Just remember a few key points. Being a L/O is hard and it takes a lot of work and commitment to make it work. More than 75% of people who go L/O fail within the first year, especially if they haven't done their initial homework.

Just some thoughts. I'm not telling you not to do it, or what company to go with, just make sure your doing it for the right reasons. In many cases you can make just as much as a C/O for a decent company as a L/O can, especially if as you say you don't have a home to go to at present.

Take me for example, I was a C/O and bought a truck and leased it on to the company I was with. I did well with them for the first year then it went downhill fast, so I took my truck to another company that gave me more freedom and a little better pay and I excelled. However, when my truck started to cost more to operate and maintain than it was worth I became a C/O again instead of getting another truck and actually ended up making nearly the exact same thing I was was making as a L/O. (for the naysayers this last year as a C/O I took home 79k after taxes.) Unfortunately for me the company I am currently with has lost the contract I'm on, so the good money is gone and I'm looking for a new gig.

This was a bit long winded and I'm sorry for that. But bottom line, do your research carefully and thoroughly, and make sure your going to L/O for the right reasons. I would also check into other companies and get honest information to see if you can improve your financial situation at a companies expense rather than your own before making the leap.
Click to expand...

Like your explination very honest so true

Log in or Sign up

Forums

Find Trucking Jobs

Quality Lease program

Knucklehead Road Train Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

Coachman1 Bobtail Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

Log in or Sign up

Useful Searches

Find Trucking Jobs

Quality Lease program

Knucklehead Road Train Member

Wait, employers can't reach you!

Coachman1 Bobtail Member

Wait, employers can't reach you!