The odds are in favor of the house

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

  1. highwayMike

    highwayMike Light Load Member

    64
    31
    Jan 17, 2019
    0
    But your thinking like a logical person, companies like power so it’s not a win win.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Youngtrucker19

    Youngtrucker19 Light Load Member

    280
    23
    Feb 13, 2013
    0
    Question have any of the nay sayers ever had a lease purchase or just listening to other folks. Lease purchase may not work for one but will for another. Big problem that I've seen are people coming in thinking they can do what they want. Another is not knowing how to run a business.
     
  4. IrreverentCrawfish

    IrreverentCrawfish Light Load Member

    142
    143
    Jan 31, 2017
    'Merica
    0
    I couldn't have said it better myself. I lease at Prime (a favorite target for nay-sayers), and while I have a rental lease as opposed to a lease purchase, I see way too many paid off trucks every time I go by the yard to think that Prime intentionally makes it impossible to own the truck.
     
  5. Youngtrucker19

    Youngtrucker19 Light Load Member

    280
    23
    Feb 13, 2013
    0
    Yeah, not everything out here works for everyone. The folks I see fail are the ones with little to know experience driving and listen to a recruiter. I never take what a recruiter says to heart.
     
  6. Steelhorse777

    Steelhorse777 Bobtail Member

    14
    3
    Oct 16, 2018
    Freedom Road
    0
    They do not create their own competition. They know the facts, which are 99.99999% of all truckers are lazy, misinformed, ignorant, gullible....

    These carriers that run these programs do absolutely nothing to help anyone learn how to be successful. So, it is solely on the driver. Simply slaming on the accelerator to chase miles will ruin you.

    Most people do not want to work more than just driving, holding the steering wheel and some aren't capable. I've known guys that have the right personality to make it and the drive and opportunities, but they can't do anything because their extent of knowledge in technology ends at a flip phone.
     
  7. Youngtrucker19

    Youngtrucker19 Light Load Member

    280
    23
    Feb 13, 2013
    0
    Have any of you nay sayers ever done a lease program? If not, then why put input on something you have never experienced yourself. And if you did, then lets see proof that you ran it as a business. My dad deals with independent contractors, since that is all his company hires. All the drivers get 60 percent of what the truck makes and fsc. Plus, pay for occ. Acc. and have to get their own medical stuff since they are all contractors. A lot of those drivers come in not thinking like a business person.
     
  8. Steelhorse777

    Steelhorse777 Bobtail Member

    14
    3
    Oct 16, 2018
    Freedom Road
    0
    Yes some have done the lease purchase program and failed. If any nay sayer was successful then they would not be a nay sayer. If you were successful at something you would never speak against it unless you are evil and dont want anyone to benefit like you did.
     
  9. Mista Hoppa

    Mista Hoppa Bobtail Member

    23
    11
    Feb 16, 2019
    0
    Hey guys , just need advice. Is It easier for a new owner operator to get insurance or to lease on with a company?
     
  10. Opus

    Opus Road Train Member

    8,816
    32,705
    Dec 18, 2011
    South GA
    0
    Lease. Insurance will be cost prohibitive.
    Don't know what your experience is, but you might want to run company for a year or two to get the groove.
    Good luck
     
  11. IrreverentCrawfish

    IrreverentCrawfish Light Load Member

    142
    143
    Jan 31, 2017
    'Merica
    0
    With all the companies that lease on O/Os, I can't imagine getting my own numbers considering how many regulations there are nowadays. Just thinking of jumping through those legal hoops makes my head hurt. The 25%-30% cut I'd give to a carrier in order to be leased on seems like a worthy investment to have someone else file the mountain of paperwork on my behalf.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted