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

    161
    380
    Jan 24, 2020
    0
    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.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. ywdodoyang

    ywdodoyang Bobtail Member

    4
    0
    Nov 24, 2018
    NY
    0
    Which lease purchase company is the best option for O/O?
     
  4. FAP

    FAP Light Load Member

    81
    12
    Oct 14, 2011
    Chicago, IL
    0
  5. chilibowl

    chilibowl Light Load Member

    142
    115
    Jun 28, 2013
    Houston Texas
    0
    Lease purchase is a modern day form of indentured slave.
    Wouldn’t suggest it.
     
    alds and BoxCarKidd Thank this.
  6. 775mito

    775mito Bobtail Member

    34
    36
    Jun 27, 2020
    Montana
    0
    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?
     
    Voodoo Pyg Thanks this.
  7. MysticHZ

    MysticHZ Road Train Member

    5,515
    4,980
    May 28, 2010
    0
    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.
     
    Jarhed1964 and Voodoo Pyg Thank this.
  8. Atlanta trucker

    Atlanta trucker Road Train Member

    1,310
    1,432
    Jan 25, 2017
    0
  9. Voodoo Pyg

    Voodoo Pyg Oink! Oink!

    416
    405
    Jan 25, 2015
    Texas
    0
    Let me get stopped and I'll try.
     
  10. Voodoo Pyg

    Voodoo Pyg Oink! Oink!

    416
    405
    Jan 25, 2015
    Texas
    0
    $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.
     
    775mito Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  • Draft saved Draft deleted