Want to avoid getting burned by a lease-purchase agreement?

Discussion in 'Lease Purchase Trucking Forum' started by rookietrucker, Dec 13, 2009.

  1. MysticHZ

    MysticHZ Road Train Member

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    What's your business plan and how much capitalization do you have?
     
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  3. DSK333

    DSK333 Road Train Member

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    You think you'll make more than a company guy? What's your time worth?
     
  4. Vet trucker

    Vet trucker Bobtail Member

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    Oct 8, 2016
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  5. Vet trucker

    Vet trucker Bobtail Member

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    Save yourself the headache. Did 7 months with them 45%less than 500.00 a week or negitive pay. 70 % of ####ty load is nothing. Hard runner but inconsitant pay. Burn u with fees on last check 3200 miles and owe them 1900.00 F that and F Skip...
     
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  6. Nattyhygea123

    Nattyhygea123 Bobtail Member

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    I'm told I will make more with lease than using a company truck and I have bad credit no other options
     
  7. MysticHZ

    MysticHZ Road Train Member

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    The key to success in leasing is knowing that it is a business and that you have prerequisite skills to manage a business.

    Know how to develop a comprehensive business plan. Know how to implement that plan. Manage your operation to that plan. Then know how to make adjustments to that plan.

    Leasing because someone told you make more money isn't a plan. Leasing because you have no options isn't a plan.

    Get the picture.
     
  8. Gdog66223

    Gdog66223 Road Train Member

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    If you already have bad credit then what makes you think that being a business owner is a wise decision. If you cant have good personal credit how will you have good business credit? Owning a business takes money to make money and your first year you will stay broke until you develop a good business plan and relationship. Owning a business takes time and relationships, just like freight. You cant get those $3.50 mile runs your first day owning a truck unless you got good knee pads and I never was the knee pad kinda guy.
     
  9. DSK333

    DSK333 Road Train Member

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    How long have you had your own authority and how many trucks do you own?
     
  10. Gdog66223

    Gdog66223 Road Train Member

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    I've had my own authority for a year and I've got 1 truck
     
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  11. DSK333

    DSK333 Road Train Member

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    Same here. You're not getting 3+ dollars a mile? I have zero knee pads and routinely see over $3/mile.
     
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