The odds are in favor of the house

Discussion in 'Lease Purchase Trucking Forum' started by rookietrucker, Aug 23, 2015.

  1. AppoholicsAnonymous

    AppoholicsAnonymous Bobtail Member

    Jul 16, 2016
    Interesting read. From all viewpoints. Thnx
  2. Ooops

    Ooops Medium Load Member

    Aug 17, 2016
    Hi , I am old
    freightwipper and Tennesseahawk Thank this.
  3. p608

    p608 Heavy Load Member

    Nov 10, 2016
    There it is in a nutshell.
  4. Majestic 670

    Majestic 670 Medium Load Member

    May 10, 2016
    Those weeks of team driving pays that company training off with the grants they get. Why would they train you on their dime? They hate to pay you period. The companies are great jus great..
  5. Coronado1785$

    Coronado1785$ Light Load Member

    Jun 17, 2017
    And that profit companies make. They can use to lower freight rates to their customers. All at your expense for 1.20 mi.
  6. Scvready

    Scvready Light Load Member

    Dec 16, 2017
    If he was making that much money as company driver he would have posted by now just to shut you up. I don't want you to shut up don't get me wrong. But I know that 1800 is a lie. Truckers can make money just not as company drivers.

    Edit: I just realized this thread was old
    Last edited: Jan 5, 2018
  7. IrreverentCrawfish

    IrreverentCrawfish Light Load Member

    Jan 31, 2017
    As someone who's about to go lease at Prime, I agree with this. I've been talking to every experienced driver I come across about leasing, and nearly every O/O I've talked to spouts the same thing about how every single lease is a con job and basically tells me I'd be better off investing my life savings in slots at an Indian casino. I get that in the long run owning is definitely better and more profitable, but I'm absolutely not interested in going straight from company driving where I get paid to follow orders and forget about the business side of things to taking out a $100k+ loan on a rig. Even if leasing is not as profitable, I see it as a worthwhile investment in the short term so I can limit the financial risk I'm taking as I'm learning to run a business. Also, I totally agree with you that statistics about failed leases are often skewed. I'm sure there are plenty of cases where people have done everything right and still gotten screwed, but most of the time when I see someone failing it's because they lack either the diligence or the wisdom to succeed in running a business. I saw one fellow Prime driver go under not too long ago, and as he was quitting his job, all he would tell anyone is not to lease. He kept on telling people that dispatch wouldn't give him good loads and that he hadn't made money in months. He conveniently left out the fact that he was constantly taking days off and refusing loads, and based on that, it's no secret his dispatcher gave the good paying loads to other drivers that actually worked their butts off.
  8. MysticHZ

    MysticHZ Road Train Member

    May 28, 2010
    Sorry, but you already have the fundamental seed of failure planted. You don't start a business and then learn to run it. You better #### well know before you start.
    Western flyer Thanks this.
  9. Scvready

    Scvready Light Load Member

    Dec 16, 2017
    Good luck to you. But the only answer you'll get on this forum is how you will fail. Just research outside this forum and you'll see how easy it is to succeed
    IrreverentCrawfish Thanks this.
  10. Western flyer

    Western flyer Road Train Member

    Mar 13, 2014
    We're just going off of past results.
    None of them ever succeed,they just disappear
    From the forum when they go belly up.
    To embarrassed to admit they got screwed.
  • Draft saved Draft deleted