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Thread: US Express Lease Purchase

  1. 09-20-2009 05:39 PM #41
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    Jumbo
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    Gman, If you buy a truck them let me lease it from you I promise that every other month I will make a payment to you that is at least HALF of what I owe you. That is if there is any money left after the usual expenses i.e. chrome, beer and commercial company. Scouts honor.
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  2. 09-20-2009 06:27 PM #42
    Fuzeme
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    One of our drivers has 11 payments left and he will own his truck, he had tried another lease purchase program, and they charged him for everything, needless to say, he failed. But with this program, he got a copy of the lease, while he was a company driver, they didn't push any thing on him, he followed the program, and now he will soon own his truck. He averaged 3500 miles a week, and the only he sat, was when he wanted to, our carrier keeps us rolling. Legally too.

    In America, everything bought and sold has a mark up, somebody somewhere is making money on just about everything we buy. I worked for a furniture store that was big enough to buy La-Z-Boys for $25 a piece from the manufacturer, they then turned around and sold them for $350 a piece in the store. They sold like crazy, folks thought they were getting such a great deal. What a profit.

    The selling and leasing of trucks is no different, however you purchase your truck, someone is making money on the deal, sometimes, big money!!!
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  3. 09-20-2009 10:09 PM #43
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    Fuzeme, do you currently drive for USX as a company driver? If not, maybe you should consider that option before doing a L/P. Think about this, if they have the freight now, then you will stay rolling as a company driver and they have 100% of the expenses of running that truck. If you take L/P, you have 100% of the expenses of running that truck and they may not have the freight for you. L/P is the carriers way of getting those unseated(empty) trucks off the fence and have you drive it paying all of the expense, when it gets close to the end of your lease, they starve you so they can get the truck back and lease it to someone else. I can lease you the truck of your choice if you are the right candidate and you can haul my freight averaging $1.90 per mile to you. You probably wouldnt like the work, you cant get 4000 miles per week.
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  4. 09-20-2009 11:08 PM #44
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    Quote Originally Posted by Jumbo View Post
    Gman, If you buy a truck them let me lease it from you I promise that every other month I will make a payment to you that is at least HALF of what I owe you. That is if there is any money left after the usual expenses i.e. chrome, beer and commercial company. Scouts honor.

    Man, I could really make a lot of money off of you, Jumbo. I would not want you to be without the necessities of life, such as your chrome, beer and commercial company.
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  5. 09-21-2009 07:08 PM #45
    Fuzeme
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    No I don't work for US Express, I work for an owner who has trucks leased on to a 100% owner operator company. So if I get into my employers l/p program, I would get the truck from him, my loads would come from the carrier the truck is leased to, so the carrier has no vested interest in the truck at all, it just needs me and my truck to haul the loads it books on a daily basis.

    And they keep me hoping, I sit only if I want to, I get to choose the area I want to run, and when I get home, which is every 7-10 days, I let them know when I am ready to head back out again. All this as a company driver. I run the south and southeast, I love the Carolina's no chains in the winter.
    With them picking up new accounts all the time, I would have no problem finishing my one year lease, then the truck is mine, free and clear. My employer gave me a copy of the lease, so I could look at things real close, trucks aren't new, the one I'm going into is 3yrs old, when he gets it in, his shop will go over the truck, put new rubber on, completely service the truck, and then I get to test drive it for a month or so, to see if i like or not.

    I love this country.
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  6. 09-21-2009 07:17 PM #46
    Fuzeme
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    Load it, you are right, I got 4000 miles on a 7 day rotation, I left on a Friday, by the time I got home the following Friday I had 4000 miles. We were really busy that week, most of the time my miles are between 28- 3200.

    So no I don't do 4k every week, be nice if I did though.

    What company pays $1.90 to the truck? Must be expedited freight.

    And if I get the truck I want, I would never make any money, I love Pete's, 379 my favorite, big Cat, 18 speed, 270 inch wb, all the chicken lights, keyless entry, ect.
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  7. 09-21-2009 07:19 PM #47
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    How do they pay? on percentage of the load, or by the mile? the carrier not your boss.
    "I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty


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  8. 09-22-2009 04:32 AM #48
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    Fuzeme, sounds like your 100% owner op compnay is the place to be. You need to get USX out of your mind unless you have ample vaseline. Why would you even consider USX L/P with the deal you have in your hand? Hmmmm?
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  9. 09-22-2009 05:37 AM #49
    Dejanh
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    Quote Originally Posted by Fuzeme View Post
    I love Pete's, 379 my favorite, big Cat, 18 speed, 270 inch wb, all the chicken lights, keyless entry, ect.
    Yeah..stay driving a company truck.

    With the attitude like this, i'd hate to see you hang it up like many do.
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  10. 09-22-2009 06:35 AM #50
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    Keyless entry = the difference between a failed O/O and a successful one.
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  11. 09-22-2009 07:14 AM #51
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    Quote Originally Posted by Dejanh View Post
    Yeah..stay driving a company truck.

    With the attitude like this, i'd hate to see you hang it up like many do.

    So are you saying you can't make it with a Pete 379 all tricked out? While I agree this poster should keep his expenses to a minimum starting out, I also feel it is much more important leasing onto the correct carrier instead of what truck he buys.
    "I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty


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  12. 09-22-2009 07:18 AM #52
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    Quote Originally Posted by Fuzeme View Post
    What company pays $1.90 to the truck? Must be expedited freight.

    They are out there and no they are not expedited freight, in fact those guys usually make way less than that after all deadhead is figured in. Why would anyone want to run 4k miles a week? Find a carrier where you can work less not more for the same money.
    "I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty


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  13. 09-22-2009 11:31 AM #53
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    Quote Originally Posted by mike3fan View Post
    So are you saying you can't make it with a Pete 379 all tricked out? While I agree this poster should keep his expenses to a minimum starting out, I also feel it is much more important leasing onto the correct carrier instead of what truck he buys.
    No, am not saying that...

    Its like a 16 year old wanting a Mercedes as their first car....

    And why would you want a tricked out truck, expecially starting out in this economy? If they made me more money then I would understand...and the pool of these ,,correct'' carriers is getting smaller by the day. Is Dana hiring?

    The kind of truck that one buys I think has alot to do with ones financial buttom line I think, but thats just me.
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  14. 09-22-2009 02:01 PM #54
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    Quote Originally Posted by Dejanh View Post
    The kind of truck that one buys I think has alot to do with ones financial buttom line I think, but thats just me.
    I'll put my bottom line up against anyone leased to a McMega carrier, I don't care if they got their truck as a birthday present. Thats why I say it's more about who you lease onto and not what truck you buy. I net more than they gross.

    Not sure about the hiring thing, but if you had a truck around Charlotte friday you would've had a job, busy as hell.
    "I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty


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  15. 09-22-2009 02:19 PM #55
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    Quote Originally Posted by mike3fan View Post
    I'll put my bottom line up against anyone leased to a McMega carrier, I don't care if they got their truck as a birthday present. Thats why I say it's more about who you lease onto and not what truck you buy. I net more than they gross.

    Not sure about the hiring thing, but if you had a truck around Charlotte friday you would've had a job, busy as hell.
    I know you've been looking for a reason to tell us youre doing goo there at Dana, am happy for you but, you misunderstood my point.

    If one, who just starts out, goes out and buys that Pete which is pricey, he or she will not only pay more for the truck, but also pay more in interest and everything else concerning it. You arent just starting out?

    As far as your terminal here, i had a talk with that menager of yours who runs the place and found the guy to be very anal and disrespectful. I've talked to Maniac about it. I wish that I can see him in a local Wal-Mart just to give him piece of my mind.
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  16. 09-22-2009 04:42 PM #56
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    Quote Originally Posted by Dejanh View Post
    I know you've been looking for a reason to tell us youre doing goo there at Dana, am happy for you but, you misunderstood my point.

    If one, who just starts out, goes out and buys that Pete which is pricey, he or she will not only pay more for the truck, but also pay more in interest and everything else concerning it. You arent just starting out?

    As far as your terminal here, i had a talk with that menager of yours who runs the place and found the guy to be very anal and disrespectful. I've talked to Maniac about it. I wish that I can see him in a local Wal-Mart just to give him piece of my mind.
    But you won't even acknowledge my point that the company you lease to could run you bankrupt no matter what truck you buy. I said that the OP should not buy a Pete 379 starting out, considering what companies he's looking at. I took exception to your comment that made it sound that you had to buy a cheap truck in order to make it as an O/O. If I mis-understood your point I'm sorry.

    I work out of Michigan and only have limited dealings with the guy you speak of in Charlotte, but can't say I disagree with your statement. Stay away from that Maniac guy, he's trouble.
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  17. 09-23-2009 07:54 AM #57
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    It would be much better if he starts out with something less expensive than a tricked out 379. Starting out it is much more important to make money and most 379's get lower fuel economy than some of the more aerodynamic trucks. They will usually cost more to purchase. You can sometimes buy 2 of a different brand, such as a Freightlineer and get better fuel economy. I understand what Dejanh is saying. All of that chrome won't make any more money for you. The more you pay for a truck the higher your operating costs. Collision insurance will be more on a more expensive truck. Since you pay more for the truck other expenses will also be higher, such as interest. If he is determined to buy a 379 Pete, I am sure he will find plenty of them on the repo lots.
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  18. 09-23-2009 08:55 AM #58
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    Question for GMAN and Dejanh, which of these companies would you lease to?

    Swift
    CR England
    JB Hunt
    US Express
    Celadon
    "I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty


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  19. 09-23-2009 11:53 AM #59
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    You forgot to include Prime.
    Mud, sweat, and gears
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  20. 09-23-2009 11:54 AM #60
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    Quote Originally Posted by mike3fan View Post
    Question for GMAN and Dejanh, which of these companies would you lease to?

    Swift
    CR England
    JB Hunt
    US Express
    Celadon
    Schneider..
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