Who pays Insurance lease purchase?

Discussion in 'Lease Purchase Trucking Forum' started by Gonzo1300, Jan 3, 2018.

  1. Gonzo1300

    Gonzo1300 Light Load Member

    136
    37
    Sep 30, 2013
    0
    I was watching YouTube today on some down time I had with a couple of drivers showing their weekly settlement. One driver with Kllm shows Darren Tire breakdown and yes he bring money home but I'm curious who pays for insurance in these lease purchase programs. Main thing that got me thinking was if you look at what these guys are paid by the mile this person averaged only $0.88 per mile. I would not run my hot shot for that. Another guy did have an insert the deduction for bobtail insurance but that was it. I'm guessing I just don't understand the lease purchase programs because if you're only making $1,000 a week plus playing your own insurance you're not making anything so what am I missing here. I'm guessing maybe it is in the weekly price of the truck payment I have no clue could Somebody explain it to me please if you don't mind.
     
  2. Gonzo1300

    Gonzo1300 Light Load Member

    136
    37
    Sep 30, 2013
    0
    Okay sorry guys I don't know how to delete a post I found the answer finally I did not know my brother-in-law was doing lease purchase and he just happened to call me
     
  3. Majestic 670

    Majestic 670 Medium Load Member

    485
    312
    May 10, 2016
    0
    Klllm lease purchase is and was the polyester. They are thirsty
     
    nightgunner Thanks this.
  4. Majestic 670

    Majestic 670 Medium Load Member

    485
    312
    May 10, 2016
    0
    This is the most thirstiest time of the year
     
    Gonzo1300 Thanks this.
  • Draft saved Draft deleted