The devil. aka “lease purchase”

You can PM if you get sick of the bashing this topic gets.

 

Lots of guys have already post settlements. I myself have posted a few. I respect your voice on this board but I don't have to prove my success to you. I just find some of the advice given on here is based on opinion and not fact.

 

What’s wrong with just using the lease purchase to make more $$?

 

Because when u are in a lease purchase u now own a business. U may make more money on paper but u also now have to pay self employment tax, lose all your benefits u would get as an employee, and have the responsibility not only for your own money but the businesses money as well. It is a massive undertaking of responsibility that a good portion if drivers arent ready for. It can definatly be done with the right terms and with the right mindset. But you also now have the option of losing money(rather than just making a paycheck as a company driver) which is what many dont understand. It takes 1 breakdown and your done when u have no capital behind you.

 

Ahhhh gotcha..... I’m a disabled veteran, so I don’t need the company health care..... I think I’m a fan of it actually the two companies I have engaged with about it Have good maintenance plans and brand new trucks, and warranties. I don’t think it’s that complicated, lease runs out just another new truck and keep on rollin the perdiem and mileage should cover any self employment tax....then just write ya buy...., tools work boots etc. not rocket science bro.

 

Brand new trucks and warrenties dont mean anything. Trucks still break down and when ur truck is in the shop for 3 weeks because of warranty work , you are losing alot of money. With all that said .

Thank you for your service to our country !

 

Brand new trucks do break down, some companies pay you 250 a day while broken down....... isn’t that nuts I heard that #### and was like I’m in.

 

Not asking you to prove anything.

Appreciate you having posted real numbers.

I’ll have to go back and look.
Thanks.

 

The signal to noise ratio here is often a little out of kilter.

There's more than one way to skin a cat, so long as you study up on the procedures.