the bank wont finance someone with one year experience and no money,so these carriers shift liability to these drivers with lease purchases.80% fail and have ruined credit.if a driver saved up a downpayment and anaylized the numbers and knew his cost per mile he would have enough experience to walk in a bank speak with some intelligence on the subject and get financed. i wouldnt lease a car either if i couldnt afford to buy it.when you get done you gonna pay for it again or give it back and pay for every little scratch and dent.

 

and your so-called "success" :roll: doesn't give you the right to judge others whom you don't know whatsoever.

This is nothing but common sense. I love these guys who come on these message boards and tell guys who want to own or LP their own truck "you have to look at it as a business!" well no sh1t, sherlock! I was gonna go to the chrome shop as soon as I got my truck and drop 7-10k :roll: get every lot lizard I can and buy the biggest radio I can find :roll:

Do you really think people are that ignorant :?:

What gives anybody the right to judge someone else on an anonymous internet message board? If I tell you that I have bad credit but want to buy my own truck, you turn around and tell me I shouldn't because I don't have the business "smarts"? Did you ever stop to think that just maybe I had a life-threatening illness and wasnt able to pay off $250k in medical bills?? But that makes me a bad businessperson? :roll: Get a clue.
Anybody with $20k in the bank with around 2 years experience in the industry, excellent work ethic, and a good head on their shoulders can make it. I'll prove it because I'm gonna do it, and I'm going to put up a blog to show all my settlements and my miles etc.

Amen. Maybe all the LPO's are out making good money instead of being negative sh1theads on the internet.

 

Not sticking up for ony one person in this thread, but in my first day of school, all of the "welfare" hot shots were yammering about being O/O as soon as they are done, and they don't have a nickel to their name, nor did they ever. They know nothing about the trucking industry, but yet, they know it all on their first day, and are going to be O/O's.

So yes there are some people that are "ignorant" and go into things blind.

 

My point was... who is anyone on here to judge someone else? Easier to attack me then to answer the question at hand, eh?

I guess it's just "internet cool" to be overly negative and belittle others who are newer to the industry.

My goal was to own a truck before I even went to CDL school but I wasnt broadcasting it to everybody. And I've never been on welfare in my entire life. I also don't think I know everything. I asked over and over, had face to face arguments that almost went to a fist-fight over whether or not to be an O/O.

I got really tired of asking. Because if I ask you whether or not I should do something and you tell me what I don't wanna hear I get pissed, so I quit asking. Not being immature I just take offence to someone telling me I shouldnt do something when I really want to. But on the other hand I know this is a huge responsibility and I always do my homework before making a decision, and if I didn't have some dough in the bank I definitely wouldn't do it.

 

Which is precisely the biggest ongoing problem of Lease Purchasing.

I want to try Japanese Puffer fish (instant death if not prepared correctly) before I die, but my wife won't let me. I don't take offense to it because she's only looking out for me.

Same holds true with the majority of the posters on this board. They talk negatively about LPO's because they know what they are talking about. No one ever said that every LPO fails, but most do. If you put yourself in a position where you legitimately have probably a less than 10% chance of succeeding, wouldn't you want to know about it? I know I would, particularly since failing as an LPO is going to haunt you for 7-10 years, if not longer.

No one on this thread has attacked anyone. Several experienced posters have attacked the CONCEPT. There is a big difference and if you're new in the industry, you would do yourself a big favor to listen to them.

 

Now, that's a hot one!!! Therein lies the differences between you and me; your are basing your so-called "knowledge and insight" on what "your gonna (sic) do??"

:lol: :lol: :lol: Still ROFLMAO!!!

Thanks, but no thanks; I'll continue to base my success on what I have done, what I have accomplished, the wealth that I have built, and the successes that I have achieved and replicated numerous times. I'll put what I HAVE accomplished up against what you are "gonna" (sic) accomplish any day of the week!!

Now, here's an idea that you might want to pursue; take that chip that you have on your shoulder, and try to cash it in at the pawn shop, or sell it at the flea market, and you may wind up with enough money to go out and buy a nice used truck!!

 

Triple.C (and others):

I'm trying to figure out if you guys are just trolling or if you really are operating under some real delusions.

I almost never post here, but I've been reading for quite a while, and here's what I have to say...

<snip>
and your so-called "success" Rolling Eyes doesn't give you the right to judge others whom you don't know whatsoever.
<unsnip>

Wrong. It absolutely does give him that right . The title of this thread's bin is "New Truck Drivers Get Help Here." That means newbies are reading here, and a newbies got *no business* getting into one of those "good-only-for-the-company" leases. The *whole purpose* of this part of the CAD board is to advise the newbies.

If you want to discuss the merits, or lack thereof, of company leases ("Fleeces"), there's lots of other places to have flame wars.

<snip>
Do you really think people are that ignorant Question
<unsnip>

Have you seen the literature? Talked to the "recruiters" at the companies? Someone who doesn't know much about the industry might get all excited about their prospects of making "real money" if all they had to go by was the stuff I get in my mailbox from CREngland and the like... Ignorant? Yes, but not in the bad sense of that word. More like thinking it's like Smokey and the Bandit out there :-)

<snip>
Did you ever stop to think that just maybe I had a life-threatening illness and wasn't able to pay off $250k in medical bills??
<unsnip>

Sorry again, but "Rolling Eyes" is right on. Someone who has lost everything (including their credit) due to a life-threatening illness has got *no business* getting involved in a fleece! There's dozens of threads... no, probably hundreds... on this board and others where people have taken the time to break out the real costs, the real settlements, and shown that while it might look like you're making money, the first thing that goes wrong (whether it's the company starving you out, or a blown engine) and it's over --- you've got no reserve to fall back on. Time and again, thread after thread, drivers talking about how they just got a week (or two) behind at the outset, and could never seem to catch up.

If you love truck driving and you're in that kind of financial position, work as a company driver. When all is said and done, you'll have more money in your pocket, and you'll have some kind of medical coverage.... which, based upon what you wrote, might be kind of important right now.

Of course, what do I know....

 

Oh really. I just spoke to a Crete O/O who had a new FL Classic and we spoke on the CB for 90 mins at least in VA. He said that he takes 6 days off a month and has $1600 a month truck payment and he's doing fine. Now if I was to turn around and ask a long-time company driver that has been there and done that say 10 years ago, he'd tell me not to do it?? Who do I believe?

For me it boils down to this... I was sitting in our Marietta, GA terminal and I was picking the brain of one of our O/O's he had a Pete 379. He advised me that in the end... at the end of the year after all is said and done with his expenses and fuel etc. we both make the same amount of money, the advantage he had was that the truck outside was his.

ANd the advantage I have is when Crete's truck is broke, I call breakdown and tell them to come fix it.

 

(EDITED)

 

:roll: :roll: :roll: :roll: :roll:

If you can't express maturity on a messageboard, what makes you think you have the maturity to handle a lease purchase?

It really gets old having to babysit people that should know better. :roll: