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

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

  1. theSoz

    theSoz Light Load Member

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    Jan 24, 2020
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    I agree, I just meant if you’re already convinced that you’re gonna lease, at least be smart about it. But yes 99% of leases are junk.
     
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  3. ywdodoyang

    ywdodoyang Bobtail Member

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    Which lease purchase company is the best option for O/O?
     
  4. FAP

    FAP Light Load Member

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    Chicago, IL
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  5. chilibowl

    chilibowl Light Load Member

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    Lease purchase is a modern day form of indentured slave.
    Wouldn’t suggest it.
     
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  6. 775mito

    775mito Bobtail Member

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    Jun 27, 2020
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    I know not to do it and I do not plan on it so please only reply with a direct answer to my question. I'm new CDL A and didn't go to trucking school, so very green when it comes to trucking... My question is how much does a typical trucker make during the lease part of the lease-purchase program?
     
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  7. MysticHZ

    MysticHZ Road Train Member

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    Depends on whether or not you know to run a business ... If you do, you should be able to clear $55k to $60k a year, working 40 to 42 weeks a year.

    If you don't, you'll go broke and blame the company for screwing you over.
     
    Voodoo Pyg Thanks this.
  8. Atlanta trucker

    Atlanta trucker Road Train Member

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  9. Voodoo Pyg

    Voodoo Pyg Oink! Oink!

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    Let me get stopped and I'll try.
     
  10. Voodoo Pyg

    Voodoo Pyg Oink! Oink!

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    $1.05 a mile + FSC
    Qualcomm: $ 17.00
    Non Trucking Liability: $ 7.38
    Occupational Accident Driver 1: $ 31.15
    Occupational Accident Driver 2: $ 31.15
    Physical Damage: $ 128.31 ( Truck Value X 0.0440 / 52 )
    Deductions will begin on 12/27/2019 **
    TEL Lease Payment: $ 665
    TEL Security Deposit: $ 125 for 12 weeks.
    TEL Admin Fee: $ 12.00
    TEL Maintenance Escrow: $ 180 per week
    ATBS: $20.17

    Notes: This is a Freightliner $1500 security deposit.

    TEL contract at Star Transportation Echo account. Now add in x amount of miles and deduct fuel and everything above.
     
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