Who to avoid, who is the best?

Discussion in 'Lease Purchase Trucking Forum' started by gjcarr03, Aug 11, 2015.

  1. Chinatown

    Chinatown Road Train Member

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    I'd go with Wil-Trans or Cardinal Logistics.
    I have never had a desire to lease or own, but If I did, it would be with one of the two I listed.
     
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  3. Chinatown

    Chinatown Road Train Member

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    I sat through Cardinal Logistics presentation and it's not a lease, it's an actual purchase. I wasn't interested because I don't want to be an 0/0, but 2 or 3 dozen of my friends signed up and were doing real well. I decided to go with another company as a company driver pulling hazmat/tankers.
    You're husband can probably find a good job in Texas pulling hazmat/tankers hauling fuel or chemicals.
     
  4. scottied67

    scottied67 Road Train Member

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    But remember when one is turning in the lease truck for another truck it must be turned in in a like condition it was originally leased as minus normal wear and tear. They might find a little scratch in the hood boom they charge your $10,000 for a new one. What if you ran 100,000 more miles than you were supposed to? Boom $10,000 over mileage charge. They go in a see a little coffee stain on the seats and the curtain is torn, boom $10,000 for a new interior-- all charged back on the lessee. But that is OK they had over $1 million in tax writeoffs to it balances out....
     
  5. RStewart

    RStewart Road Train Member

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    I'd pay $30,000 to make a million any day of the week.
     
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  6. scottied67

    scottied67 Road Train Member

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    I did it, you can too!!
     
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  7. Cranky Yankee

    Cranky Yankee Cranky old ######

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    they have winners in the lottery everyday
    winners in vegas
    not the typical story
    and when your done paying it off you have a old truck that needs replacing
    and if you want insurance maybe your wife works
    a much easier route is just finding a GOOD company job
     
  8. KeithT1967

    KeithT1967 Road Train Member

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    Unless I'm imagining things... isnt getting a cheap used truck one of the most oft mentioned recommendations for a new o/o? Seems to me the best used truck to get is the one you just drove for 500-750k miles. Can't imagine a $300 inspection on a truck you drove a whole 5 miles beating a 4-5 year inspection.
     
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  9. Ketchikan baby

    Ketchikan baby Light Load Member

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    That's a really good point. I worked for an aerospace manufacturer a few years ago. They financed ALL of their new machinery. They were expanding and making money hand over fist. By the time they paid off one equipment loan, they sold that piece of equipment and "bought" (financed) a new machine. In reality, the bank owned all of "their" equipment but the company was able to expand and turn a profit using this financing model for each of the 6 years I worked there.
     
  10. RERM

    RERM Road Train Member

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    All companies do this, that's how leasing first appeared....
     
  11. scottied67

    scottied67 Road Train Member

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    I toured the Hoover Dam thing, I seem to remember the crews who worked on it (could be mixing my memory up with some other big project) had company housing and company stores. They could bring their families into the housing and shop in the stores and "The Man" I call it figured out just how much to pay these people so they never quite get ahead-- the housing is deducted from their paychecks and the company store products their wives shopped for during the day was also deducted leaving them right at the water line every week if not below.

    Fast forward 70 years and The Man has concocted a way to get a driver to move into the 'company housing' (lease truck) and use the 'company store' (fuel card, carrier credit at truck shops) and pay them just barely enough that they have to run as fast and hard as they can on the hamster wheel so they can eat.
     
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