There's alot of lease purchase experts on here

Discussion in 'Lease Purchase Trucking Forum' started by #1Phantom309, Aug 27, 2017.

  1. #1Phantom309

    #1Phantom309 Light Load Member

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    So let me ask this,if a company leases you a truck and pays platrs6,ins,2290,aND gives you 80%of truck revanue, is that a good deal ?
     
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  3. DUNE-T

    DUNE-T Road Train Member

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    Depends what the revenue is and how long you are sitting in repair shop, trying to fix the neglected by previous owner truck
     
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  4. uncleal13

    uncleal13 Road Train Member

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    Need more info.
    How much is the truck payment ? Is there a maintenance fund?
    Do they charge rent on the trailers?
    If it is only a lease, then you never get to own the truck?
    There are a few good company leases around, but they are rare.
    Mostly it is just a method to off load all the risk onto you and they save a bunch of employee costs.
     
  5. #1Phantom309

    #1Phantom309 Light Load Member

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    Of course I would look at condition of truck and forcasted revenue. But besides that do you see any other pit falls ?
     
  6. #1Phantom309

    #1Phantom309 Light Load Member

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    Iv made some inquirys into the specifics and will have more info soon
     
  7. #1Phantom309

    #1Phantom309 Light Load Member

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    Aug 12, 2017
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    0 DOWN OPERATIONAL LEASE PROGRAM:

    - Free base plates, permits, bobtail/cargo/liability insurance, Transflo, 2290, GPS, paper logbooks, E-logs.
    - No credit check or balloon payment.
    - New or newer equipment.
    - Plenty of miles.
    - Small company where you are not just a number!
    - Direct deposit.
    - Referral bonus $1,000.
    - Pay 80% of the gross load revenue.
    - 24/7 dispatch availability.
    - Paper log-books or E-logs.
    - Home time.
    - No forced dispatch.
    - Safety performance pay, pass a level 1 inspection and receive $600!
    - Weekly settlements (1099), average from 2K to 3K and more after all expenses!
    - Start ASAP.
     
  8. pavrom

    pavrom Road Train Member

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    paper logs will be gone very soon for you in new or newer truck :)
     
  9. Steel Tiger

    Steel Tiger Road Train Member

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    Sounds like they aren't used to having their drivers/ equipment pass a level 1 inspection, hence the high dollar carrot that will never be eaten.
     
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  10. bigdad7

    bigdad7 Road Train Member

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    If you are running 2400 miles it's ok if your running 5000 miles a week not so ok
     
  11. 062

    062 Road Train Member

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    I changed companies a few months ago,and was surprised at some of the fines these companies are putting in the lease, some as high as $500 for a failed inspection.
     
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