Thoughts on TEL Truck Enterprise Leasing?

Discussion in 'Lease Purchase Trucking Forum' started by LeBubba, Apr 26, 2018.

  1. LeBubba

    LeBubba Bobtail Member

    25
    2
    Dec 16, 2010
    VA
    0
    I'm considering the JB Hunt LP program with TEL. Anyone done this? Big balloon payment at the end.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. UturnGirl

    UturnGirl Road Train Member

    2,275
    7,119
    Jan 16, 2010
    Texas
    0
    I am looking at it too. Probably best to consider it a pure 4 year lease and plan to give it up at end of lease. I make enough money with JB to justify big weekly payment.
     
    Aamcotrans Thanks this.
  4. Newrookmiami

    Newrookmiami Bobtail Member

    26
    7
    Mar 27, 2017
    Miami Florida
    0
    I’m no einstein and I’ve only been trucking for 7 months but why waiste your money like that especially with tel they only lease automatics they will get you with a balloon payment at the end if your playing for keeps def not the way to go especially after buying them 2 brand new trucks upon fulfilling your lease don’t do it
     
  5. TreadCarefully

    TreadCarefully Bobtail Member

    3
    2
    Jun 28, 2018
    0
    Watch TEL like a hawk. Watch every penny they take, and where is goes...Ask for statements that show what they are doing with money they take from your bottom line, and pray that your brand new truck has no problems or you will end up with a negative or zero paycheck until Tell feels like you paid them back ! Tread carefully.
     
    UturnGirl Thanks this.
  6. TreadCarefully

    TreadCarefully Bobtail Member

    3
    2
    Jun 28, 2018
    0
    Living this right now. Sometimes great miles with bring home around 2200 to 2500. Most bring home ( after 1500 to 1800 out PER WEEK) around the 1900 mark. Some weeks are worse. They have a load board for I/C to pick loads. Be sure to ask for pay and factor in your % of pay before you get assinged to it. Remember once you're on the load, it's your baby if it takes you 6 hours to get unloaded you'll have to deal with it, same with trailer issues. They have fuel surcharge to offset cost of fuel and it's cheaper if you get it at their approved locations.
    Watch the lease company and don't expect great customer service from them if anything goes wrong. Make a lasting relationship with your driver manager, you will need it.
     
    UturnGirl Thanks this.
  7. Last Time Around

    Last Time Around Medium Load Member

    609
    831
    Jun 9, 2018
    0
    I've been a company driver my entire career, BUT, i've also been a dispatcher/agent as well .....in my humble opinion. DO NOT lease from the hand that feeds you. Buy your truck if you desire to be an Owner / operator. Why? Piss of that carrier,,,,,,and it WON'T be the dispatcher staving you, it will be the Operations manage or above....... own your own truck, and things are far different! You can move your power some place else. If you can't qualify for a loan, you aren't financially ready.... be patient..... trying to help...l
     
    ibcalm19 and Trk14961 Thank this.
  8. Last Time Around

    Last Time Around Medium Load Member

    609
    831
    Jun 9, 2018
    0
    Too many drivers blame the dispatcher.... he is just an employee....he gets his directives from upper management
     
    UturnGirl Thanks this.
  9. UturnGirl

    UturnGirl Road Train Member

    2,275
    7,119
    Jan 16, 2010
    Texas
    0
    Pretty much on your own as far as lease company is concerned. If I had the money to buy and backup in the bank I wouldn't lease. That's what I've learned this past 6 months. Still wouldn't want to drive otr as a company driver.
     
    Last edited: Jun 29, 2018
    Reason for edit: Correction
    TreadCarefully Thanks this.
  10. TreadCarefully

    TreadCarefully Bobtail Member

    3
    2
    Jun 28, 2018
    0
    This is a constant communication and trust relationship type of business, if you work hard and let your driver manager know as soon as there's any issues Most of them will work with you.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  • Draft saved Draft deleted