Central Refrigerated Lease Program

[Mr Bill]

Central leasers,
What are your comments on:

Good Points

Bad Points

of the Central Lease Program?

I know there will be both the ones that are happy or OK with it and the ones who totally dislike.

Thanks

MR BILL

[jd112488]

surely you can't be serious???

[Mpneypit]

Why do you want to lease havent you read enough horror stories of leases.

[sportster65]

Sadly, I think he may be serious.

[freebirdrfd]

you plan on leasing???? have you talked to a shrink lately? you could probably make more $ flipping burgers somewhere and have a hell of a lot of less headaches. PLUS be home every nite with your family and friends

[Jumbo]

I look forward to the guys posting that they are happy with their lease.

[Fredog]

still waiting to hear from that happy lease driver

[robertt]

FREDOG.........THAT is freaking hilarious!!! No Pun intended.

[P A Frederick]

From everyone else's experience with Centrals lease program, here is what they say:

Good points: NONE!

Bad points: ALL OF THEM!

Now, to be honest, I'm sure there is the possibility that there could be a good lease purchase program somewhere. But, since we are all human, I doubt it very much.

Rule #1: Never buy a truck from the person you are working for. They have no incentive to keep you moving. They aren't making the truck payments, or buying the fuel. Even if you sit for days on end the company is making money from you. How? That over inflated truck price they stick you with. You have to pay them, even if they didn't do their job and kept you moving that week.

Go do something other than a lease and I mean RUN AWAY!!

[zipy46]

Leasing in this industry is like going from the frying pan directly into the fire...

Why would someone do such a thing ?

[Fredog]

Leasing in this industry is like going from the frying pan directly into the fire...

Why would someone do such a thing ?

To get rich of course

[Bumper]

I know two Central Lease Operators. One is a husband and wife team and they are doing very well. The second is a trainer so is a team alot of the time and he is doing well.

Both have W-900's and said to stay the hell away from the T-2000s.

When I worked their I never had a mileage problem. The CPM wasnt worth a darn but then again it is a training company for the most part.

YMMV.

[Mr Bill]

I want to thank all who took the time to give the constructive responses.

They were of big help.

Thanks again.

MR BILL

[Jumbo]

You are welcome.

[sportster65]

I want to thank all who took the time to give the constructive responses.

They were of big help.

Thanks again.

MR BILL

Are you serious? You got the best advice that could be given, STAY AWAY! I'm not sure why with all the information on the horror stories of L/O, yo would be upset that you were told the truth about an L/O. I know two people with Prime who are L/O's and they are always struggling to stay above water. When freight is good they do OK, but they still don't have company paid benefits and net just a bit more than Company drivers. There are always exceptions to the rule, but the liklihood of you being the exception is very small. Sorry, but if L/O's were such a great deal for the driver, do you honestly think the companies would be pushing them so hard? If you have been around trucking for more than a couple of days, you would know the company always does what's in it's best interest, and just enough for the driver to keep them in the seat. Bad idea stay away if you don't believe go to primedrivers.net and read how well the L/O's are doing there. If that does not convince you, then lease a truck, and learn for yourself. Nobody here wants you to go broke, they could have told you it is a great idea, jump onboard now while the gettin's good and don't look back. But they did not, they said "run, run far away", and you got mad???? Hey do what you want, and if you don't want a hard hitting truthful answer, don't ask the question.

[belpre122]

Hey Mr. Bill....

You came to the wrong place for a rubber stamp on a decidedly bad idea.

Go to PrimeDrivers.net, and kibbutz with those delusional fools if you really feel like walking the plank..................

O no! Mr Bill's buddy melted!

[BIG JEEP on 44's]

I'd immagine Central 's Lease is Every bit as good as Swifts's Lease program ...wink

[zipy46]

I talk to some John Christners guys the other day...

THey have the famous $1.00 truck... after you lease is complete you get the vehicle for 1.00 dollar..

> The Catch< ...you have a 'side-payment' for the first 12 months...which is essentially a 5th

monthly lease payment.

You are paying off the 'balloon' in advance.

[Jumbo]

Did someone say balloons? I love balloons.

[P A Frederick]

Mr. Bill, as someone else said, this is the best constructive criticism anyone could give you about Central's lease program. Take the advice and stay away. You probably won't, though. You want to "own" a truck so bad its crazy I'd say. You've already convinced yourself (with the help of a Central employed BS artist) that your going to make all kinds of money and own a great truck. Sure, it might be a nice truck, but is it worth it if your sitting in it all the time going broke? I doubt it.

Now, there is nothing wrong with wanting to own a truck of your own. Its the truckers dream to some extent, but leasing from a company isn't the way to go about it. If you want to own a truck, and are willing to work at it, here's what you need to do: You need to scour "Truck Paper" and other publications that specialize in selling used trucks. You need to come up with a price of a truck you can afford. Be real about it. Sure, there are O/O's driving brand new LoneStar's or Pete's, but your not going to be one of them yet. Find out (from talking to O/O's) what a good, reliable truck, transmission, rear ends, motor, etc is. Find something a few years old that meets your criteria. It may not be pretty, its not going to be new, but it will be yours. Go to your banker (or a bank that specializes in truck loans) and get a loan. The more you have saved for a down-payment and initial costs, the better. You need to be saving every cent towards a truck if your wanting one. Find a company you can lease your less than new truck to. Some companies won't lease an older truck, but there are several good O/O companies that will if it meets DOT standards.

There, now you've got your own truck. Some people say"I don't have that kind of down-payment" or "My credit isn't good enough for that." Well, who's fault is that? Its going to take time to get all that together, but it'll be worth it. Its going to take a lot of hard work. You might as well get used to it now, cause you're going to have to work your butt off to make it as an O/O. As a company driver, its easy. If you don't get a load for a day or two, sure your not making any money, but your not going to miss your truck payment and get your truck repo'ed.

There, that is some constructive advice. You're not going to like it and you probably won't follow it, but this would be the financially sound way to go. Today companies are roping in suckers to lease because everyone wants something "right now." They don't want to work and sweat and save and plan and finally get something they've worked so hard for, even if it is the best way to go about it.