Truck Financing Questions ?

I'm looking at a lease purchase, it offers everything paid except 25 % lease, truck payment, .10 per mile
maintenance $150 per month ins. (like workmans comp) their base pay starts at .53 per mile up to .62
depending on experience It is for a 2003 Freightliner 12 payments $1000.00 then a $3000.00 pay off The deal on the truck is ok. It's the pay per mile I'm not sure of. At this rate There is almost nothing left
at .62 I could scrape through Then what should I expect per mile as an o/o

 

Is lone mountain truck leasing a good program to find a truck?

 

fuel will cost at the very least $0.65 a mile, and up to $0.85 a mile. Then all your other expenses together, you would be paying them at the end of the week with .65 a mile pay. What you need to do is write cost down on paper, and it's better to over estimate your cost, and see what your fixes cost are and your variable cost are to operate the rig. And you need money for a reserve in the bank for breakdowns or to cover slow weeks.

 

...wish the people asking questions would bother reading previous posts, all your questions have already been answered in one way or another. If I read one more question about "I'm thinking on going with Prime, their deal is ...." I'll shoot myself. You people are the dumbest humans around, that's why certain companies take advantage of all the suckers that are born every day. I'd kick myself in the butt every day for not having the nerve to be a crooked, dishonest person reading the posts and going fishing for new "customers" all of you looking to start something in trucking.... heck, I'd be a millionaire by now.

 

First, Thank you to all of you who gave me advices on my first question. I followed your advice and I have a friend still.
I'm a new driver (3 months) however, I have been helping one of my friends ( O/O ) with some paper work and find some loads for his company...for about 2 years now.
I heard that one of the best ways to become an o/o is to find if someone wants to sell a truck and would transfer the payments...My question is: does anyone done this type of deal...if so what paper work should be done so neither party gets screw up?
Thank you again,

 

99% of the time, paperwork on the original docs he signed will prevent him from subleasing the truck (which is essentially what he is doing). If the financing company found out about that, they could invalidate the loan, because if said friend stops making payments to the financing source and they go to repo, they have no idea where that truck is, where its parked, or anything of the sort.

The only way I'd recommend doing something like that is with the financing companies blessing. Get your friends name added to the title, as well as have him sign actual lease docs, and finally (and perhaps most important), have him make the payments directly to the financing company, so there is no chance the original owner can pocket the payments and skip.

If its someone they totally trust (like a family member) and financing company approval isn't available to add him, get a lease agreement signed, and keep copies of all your payments (and perhaps require a receipt of payment). That way if the guy forgets to pay the note and the truck gets repo-ed, you at least have a chance of suing the original owner.

Bottom line you are still trusting this person to make the payments and trusting them to sign over the title at the end. That's alot of trust.

 

good advise freedomtruck

 

do debt snowball take your lowest debt and throw everything you can at it to pay it off as soon as possible then do your next lowest etc etc this does a few things for your credit score it frees up your avalible credit limit the amount of credit youve built up second it lowers your debt to income ratio third it gives you a sense of acomplishment by seeing your bills getting smaller

 

im thinkin of goin with prime their deal is...........now go shoot yourself

 

go to the lender or your bank tell them what you want to do and see if you qualify for the loan