without risk, there's no reward.

My reason for loving lease purchase is that they don't tell me how any days I can take off. 1 reason so many fail as they want to sit at home a little too much and it happens with people who purchase trucks not just with the ones that lease.

 

A little too much is relative to one's bottom line...

I don't intend to be a slave to the trucking industry. Staying out for weeks on end with only a few days off in between is just not my cup of tea. I did it for my first two years and determined I would find a way to get to where I'm at now, or, get out all together.

 

Cool avatar and good luck

 

The risk part is when the leasee failed to do the research and expects this to be easy. Then they hang on too long, go broke or deeply in debt from the bills that dont get paid.

That's when they discover TTR and make a first post that blasts the company. Usually that post has no puntuation, sentence structure, paragraph structure, and spelling like a 3rd grade dropout.

The real risk for those that plan and research comes from the unexpected. Sudden serious illness for example. You're betting you can get to a better financial situation before something comes up that can really hurt you.

Even a stable O/O with all the ducks in a row is taking some risks. Imagine a situation where the kid is diagnosed with a major illness about a week after some idiot runs you off the side of I-81. No witnesses and your dash cam didnt get good video. That could put a major bind on you real fast.

 

You said it needed an overhaul? Pretty low mileage for that.... No? What you end up selling it for?

 

You're leaving at least $1/mile on the table by not having your own authority. The company you're leased on to is pocketing more than you are, without any of the risk associated with owning that truck. Foolishness, IMO. Especially since you paid off one truck already.

I'm not being negative; I'm suggesting that you can and should be doing much, much better.