Thinking of lease purchase, all advice welcome!

Discussion in 'Lease Purchase Trucking Forum' started by cooley525, Mar 1, 2019.

  1. NilatsKufdof

    NilatsKufdof Bobtail Member

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    I plan on doing this later, but every lease operator at Navajo Express has been pretty happy. Though I’ve only talked to the guys who haul all the meat loads, they said after everything they’re taking home around $2700 a week. I know Navajo offers 65% of the freight bill to the operators. I’m still very new to this company, and don’t have enough experience as a driver to qualify yet. But figured I’d toss it out there
     
    cooley525 Thanks this.
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  3. cooley525

    cooley525 Bobtail Member

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    That's what I've heard too. A few friends of mine are lease operators and love it. Making comparable, their own loads, and home time wrekly
     
  4. NilatsKufdof

    NilatsKufdof Bobtail Member

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    Well remember, home time decrease that number. Most of the Navajo guys stay out for threee weeks before going home. Though I will say Navajo is fantastic with hometime. They also won’t make you drive in unsafe weather, so no worry about chaining.
     
  5. cooley525

    cooley525 Bobtail Member

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    Is there a difference in success rate between lease purchasing through the company you drive for, and lease purchasing through a 3rd party? I've been watching videos nonstop, reading forum posts and trying to soak up all the info I can.

    Most people say you become a slave to the company you get a lease purchase from. What if u drive for company 1 but lease a truck from a used truck dealer?

    I'm looking at greatwide trucking, all the videos and posts Ive seen by LP drivers seem good, but they don't directly sell you the lease, they give u an option of like 9 other companies to go through for the lease.

    Since greatwide doesn't actually have skin in the game as far as the lease is concerned, does that make it safer, or no.
     
  6. cooley525

    cooley525 Bobtail Member

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    Side note, It would take me years to save up to get my own truck, I'm not doing that, so please try to be helpful with the advice and not suggest I do that instead.
     
    Knucklehead Thanks this.
  7. fishonron

    fishonron Medium Load Member

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    I have a friend who leased a truck from Quality and then leased onto Panther and did quite well for a few years.

    The truck treated him good and then he got complacent and started spending to much on toys and then BAM the truck bit him in the ### and he didn't have the funds to fix it and just like that, out of business. He's back to a company driver now and somehow he blames Quality.

    Point is, even if you have a good lease deal and a good company to lease onto if you don't have the ability to put the business first and what all is entailed in that you're doomed from the start.

    To answer your question, I wouldn't lease from a company that has total control of the work I get but that's just me. There are many out there that are successful leasing a truck from the company they work for. So to each their own I guess.
    @cooley525
     
    Last edited: Mar 3, 2019
  8. weirdpuckett

    weirdpuckett Road Train Member

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    Fortnight......nice......
     
  9. Newbeav Newbie

    Newbeav Newbie Medium Load Member

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    7k a week not a chance. 5k a week on a great week. Home every week highly unlikely
     
  10. Eddiec

    Eddiec Road Train Member

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    Look at Schneider Nationals Lease Program.
     
  11. highwayMike

    highwayMike Light Load Member

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    People should persue the chance based on what their situations are... or consider people’s experiences positive or negative as a reminder of what could happen. You shouldn’t pay attention to the “ I know a guy or I have a friend” comments because it’s third party answers. Most drivers will leave out important details on why their lease purchase didnt work.... they could be bad drivers, poor money managers, wants to stay local, doesn’t know how to operate a business or anything that can hinder them from being on the open road.
     
    Jpeterson522 Thanks this.
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