TDLP - Truck Drivers Lease Purchase?

Discussion in 'Ask An Owner Operator' started by rcycle22, Mar 20, 2008.

  1. rcycle22

    rcycle22 Bobtail Member

    8
    1
    Mar 19, 2008
    NY
    0
    Just looking for drivers experiences with them? Good - Bad or ? Thanks!
     
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  3. Designors

    Designors Light Load Member

    149
    7
    Sep 23, 2007
    NM
    0
    DO NOT do a fleece purchase with any company .... THEY will make money .... you wont
     
  4. Truckerjo

    Truckerjo Road Train Member

    2,314
    338
    Sep 5, 2006
    Indiana
    0

    I second that.....

    I have done two lease programs.. Both was a total disaster and I though I has done my homework after the first one..

    Never go into a contract where you have to pay for everything and your income is limited to the company you are leasing from..
    That company can make you or break you and you can't do anything about it.. Look at O/O right now, they are falling right and left and they have the option to pull any freight for any company.. That alone should tell you something...

    I will be posting later on my last lease experience.. just found out today they burned me again on my DAC.. LEASE ARE BAD, STAY AWAY, IT IS A SCAM
     
    trucker43 Thanks this.
  5. rcycle22

    rcycle22 Bobtail Member

    8
    1
    Mar 19, 2008
    NY
    0
    Slow down! Not trying to Fleece on with anyone. Trying to get some info on different places that lease trucks to drivers. NOT trucking companies leasing trucks. Should have been more specific. Been out here to long to make that mistake.

    This is to anyone who has dealt with them or any other truck leasing arrangement that wasn't leasing a company truck.
     
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  6. Designors

    Designors Light Load Member

    149
    7
    Sep 23, 2007
    NM
    0
    Are you talking about the places in the books that say "Lease to anyone - no credit" .... etc????

    If so .... DONT DO IT .... they are just as bad as the fleece companies .... if you can not get a bank note from a real bank or pay for the truck outta pocket .... dont do it

    If its a dealer that has a finance company check into their prices and all that first .... but the ones that advertise "lease a truck here" .... stay away
     
  7. kd5drx

    kd5drx <strong>Master of Electronic Communications</stron

    485
    101
    Nov 28, 2006
    Some where USA
    0
    Ok i just went to there web site and looked at it. It is a lot like a program i was involved in when i first got into the O/O side of the house. It can work for you but you better be ready to work your tail off. The way these things work if its the same as the one i was involved with. Is they lease the truck to a carrier and the carrier pays them direct then they take there money out of each settlement then you get what's left. So lets say you have a bad week and you barely make your payment and expenses and there is none left your due nothing you get nothing. So it is a way to get started but the trucks they have in inventory are going to be wore out by the time you get it payed for so you are going to be left with a wore out truck and have to start over again once your done with them. My advise is stay away from these places. Save your money for a down payment and to the out right purchase of your own truck. Or check out freightliners first time buyer program its not the best but for 1000 down you can get a decent truck that will make you some money.
     
  8. billyj57

    billyj57 Bobtail Member

    46
    22
    May 18, 2010
    muncie indiana
    0
    I did the lease with TDLP and fell 2 weeks down due to being in the hospital, And they picked my truck up without warning of any kind. I've known the owner for 20 plus years and thought he would never stoop this low.
     
    trucker43 Thanks this.
  9. Jwilliamson

    Jwilliamson Bobtail Member

    8
    0
    Mar 9, 2012
    Ft belvoir va
    0
    They want the truck for resale
     
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