Sorry I didn’t respond earlier. Been real busy.
I completely understand why people lease to companies. I’ve been in trucking for approx 37 years myself. I have had several friends go the lease on route over the years and lose their equipment, even their homes in the process. From the outside looking in, it may seem like a viable option but the reality of it is, most people who lease on fail.
Yeah, today most independent owner operators use factoring companies and get their pay minus 2% within 24 to 48 hours. That makes it huge difference in the start up process.
What most new guys looking into trucking don’t realize is, even in a lease they're paying for everything that a independent is paying for. The lease owner operator is giving up a lot more than he even realizes.