Quote:
Originally Posted by GMAN
I am not sure that leasing a truck from your carrier would help your credit score. I doubt that any of them report to the credit bureau. Most major trucking companies did not start out leasing a truck from another carrier. The owners usually saved their money until they had a good down payment or enough to pay cash. Those who succeed in business learn to keep costs down and to maximize revenue. They put a business plan together and worked to achieve their goals. From the leases that I have checked, there isn't enough profit for one person, much less if you decided to put a driver in your truck. At most, you will only be able to get drivers wages. I know that the high failure rate of leases is not all the fault of the carriers who make the leases. Most who get involved in a lease will usually have bad credit and no money. Rather than working to improve their credit, they lease a truck and when that doesn't work out their credit is in even worse condition. There are no shortcuts when it comes to becoming successful.
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CRE reports to equifax.....one of the many people who have since quit CRE whom i still keep in touch with stated that CRE reported him for being 6 weeks behind in truck payments. CRE never repo'ed his truck, however after 6 weeks of not seeing any $$$ he decided to hang up the keys.
also, as I recall jerry moyes' father (SWIFT) started with CRE.... source:
CR England - Wikipedia, the free encyclopedia
let us also not forget how Knight Transportation came to emerge out of SWIFT
also the following statement you made bears a lot of truth, but you also forgot to add the tidbit of passing costs onto others, which most of these corporate scum are famous for:
"Those who succeed in business learn to keep costs down and to maximize revenue."
i also like this part of your post because it says it all:
"There are no shortcuts when it comes to becoming successful. "
trucking isnt about fast money, its about climbing the totem pole, and EARNING it.
