The odds are in favor of the house

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

  1. RandomTruckerGuy

    RandomTruckerGuy Bobtail Member

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    All this talk about lease operators essentially paying the truck note for the carrier is short sighted in my opinion. Company drivers pay that truck payment as well its just not out in the open.
     
    Caseli and scottied67 Thank this.
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  3. kanidana

    kanidana Heavy Load Member

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    This is all obscure nonsense, the only thing that matter is numbers to the bank account after expenses and taxes, really? 401k, company insurance that you pay for at a discount, the social security matching, fuel costs covered, what does it come to in the end? But, there are benefits to running your own show that aren't monetary, but have value none-the-less. The arguments often ignore this fact.
     
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  4. Robert85006

    Robert85006 Medium Load Member

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    Very true. I used to run my own show, 100% my own authority. I'm not a control freak, however, I'm very good at business negotiating. Non-monetary benefits such as being able to take as much time off as you can afford (and your operation afford) is huge. Being able to make equipment changes to suit your needs is another plus. Taking pride when you have the pink slip to your truck in the safety deposit box is priceless.
    I completely agree there are several benefits to doing your own thing.
     
  5. BoyDawg

    BoyDawg Bobtail Member

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    doing a lease is always a trial and error for the driver. some wants to make money. Some want to make enough money. Some want to make money and not work. lol. it depends on the driver and situation.
     
  6. 2duisperyear

    2duisperyear Light Load Member

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    Okland Co , Mi
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    Its possible , not optimal . Not everyone has credit score or whatever to jump out into the deep end. If you can prove lease has never enriched someones life i am with you guys 100%, if it has then just point out pros and cons
     
  7. 2duisperyear

    2duisperyear Light Load Member

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    Just keep it postive, best way to go is save money build credit , finance a truck
     
  8. weirdpuckett

    weirdpuckett Heavy Load Member

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    Is that how you see it? The company hasnt created a thing in lease purchase arena that comes even close to "competing".......what they have created is a lucrative dumping ground for their depreciating assets, and a high probabilty that the victim will fail and repeat the scam over! Lovely......
     
  9. Opus

    Opus Road Train Member

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    Really? How many LP's have you done?
    Please enlighten the rest of us suckers on the details.
     
  10. weirdpuckett

    weirdpuckett Heavy Load Member

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    Zero lease purchases......I did play 3 card monte in San Diego once and got burned though.......and roullette a time or two.........but resisted the lease purchase burn......its a burn......

    I think the list of burned and depleted and utterly ruined folks speaks for itself.......doesnt it? Or would you still like me to be the spokesman? Im hardly "qualified"......thank God above.......

    Now, on the same wounded hand........if you are a lease survivor.....I say, hats off to you........glad you "made it"......however painful a journey it must have been.......
     
    Last edited by a moderator: Jun 14, 2025
  11. Opus

    Opus Road Train Member

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    Was not painful a bit. Frankly, it was very, very good to me in many ways.
    Completed the lease, bought out the residual, ran the truck up to a million miles, traded it for another, and am still with the same company.

    You have to remember
    #1. Not all LP's are bad.
    #2. Not all LP companies are bad
    #3. Not all drivers are good.
     
    xsetra Thanks this.
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