[Sonny Pruitt]

Have you had any snow yet?

[marcel27208]

i dont understand if people say that fleece purchase is sooo bad...why do people succeed at it? Now ive read some fleece purchase deals and thought WOW how does the driver make money(CR ENGLAND) but then there are some that kinda look like they are trying to help the driver( DJ FRANZEN) it seems the smaller companies have the "best" deals if thats what you wanna call it(a deal)

[GMAN]

Originally Posted by marcel27208

i dont understand if people say that fleece purchase is sooo bad...why do people succeed at it?

They don't. That is the problem with them. They are design from the beginning to fail. I don't know who you have been talking to about fleece purchase people being successful, but I only recently met the second person in over 30 years who has told me that they actually completed their fleece purchase. All you have to do is look at the numbers. They don't add up. If you want to lease a truck then find a leasing company and lease one from them. I have spoken to countless drivers who have lost their shirts on these scams. And believe me, they are scams. I still don't understand why the Feds haven't closed them down. If you want to get some feedback from some of us who are owner operators or running our own authority, get their numbers and post them. I would love to talk to several drivers who have actually completed their leases.

Originally Posted by marcel27208

Now ive read some fleece purchase deals and thought WOW how does the driver make money(CR ENGLAND) but then there are some that kinda look like they are trying to help the driver( DJ FRANZEN) it seems the smaller companies have the "best" deals if thats what you wanna call it(a deal)

I don't think there is such a thing as a carrier sponsored lease purchase deal.

[Sonny Pruitt]

First you would have problems with a truck already paid for at 92cpm

Kepp in mind that there will always be drivers who are successful at Lease purchase. The company controls the money and it is important to show prospective L/P that it is a good deal for them.So there will always be those guy around and they are usually trainers etc.

People always "run the numbers"
but do not take into consideration the "quality of life"

You are leasing from the very company that controls your money.
if your squelch is down right now :
THEY CONTROL YOUR MONEY!!!

this is a very frustrating busness to begin with
not getting home,family problems , excessive delays, short miles

If the company driver needs to get home this weekend
the disp will try to do it to keep his company drivers happy
(theres a driver shortage and he can move on to another company)

If an o/o needs to get home this weekend
the disp will try but he has to make sure he has enough power because
he has his company drivers to take care of.

When the L/P needs to get home this weekend..........baaaahahahahah



^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
The reason they have L/P is that they have a pool of power that cannot say no to ANYTHING for the duration of thier L/P
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

.......................................GOT IT?............................................... ........




YOU CAN'T LEAVE

If you stamp your feet and refuse a load and just go home they will punish you $$$$$$$$ until you cry uncle.

[marcel27208]

like you read in magazines about drivers l/p saying how they are on their 3rd truck with the lease purchase deal...now a lease purchase isnt something i would do but i believe there are alot of successful drivers who are making money

[Sonny Pruitt]

Read my post again

The companies make sure that a select group of L/P are very successful.

Then they can showcase them to the newbies and desperate.

[marcel27208]

GMAN...what do you mean you dont think there is a such thing as a carrier sponsored l/p? thx

[Sonny Pruitt]

The L/P deal is right there with getting rich by placing tiny ads in the paper

and make money in real estate with no money down

[GMAN]

Originally Posted by marcel27208

GMAN...what do you mean you dont think there is a such thing as a carrier sponsored l/p? thx

I apologize, marcel. I left a word out of my post. I meant to say that I don't think that there is a good carrier sponsored lease purchase deal. Most of the lease purchase deals are carrier sponsored. Perhaps that is what I need to do. Offer a lease purchase deal for drivers, pay them $0.90/mile and get rich. :wink:

I have been told that Prime leases the same truck 3 times before someone actually completes the lease. That is not a good track record. Part of the problem with Prime and all of these programs is that they will rent these trucks to anyone who walks in off the street with a CDL. Not everyone is good at running a business. I don't understand why anyone would want to pay $800/week to rent a truck that they will never own and run it for $0.90/mile, when they can buy a good used truck for $500/month and lease to a good percentage carrier and make $1.50/mile or more. From a business standpoint, it just doesn't add up. Some people just don't want to see the realities of a situation. They see what they want to see. That is why most get caught up in these programs.

Those just starting out have no idea of what it takes to run a truck. They look at the revenue numbers and it looks GREAT! It is just that the realities and expense of running the truck outweigh the revenue you can generate with most of these companies.

I have looked at most of these carrier's programs at one time or another. My offer to take a look at any of these carrier's numbers is an open invitation. If I am wrong, I will gladly admit it.

[solo379]

We've beat around that subject so many times.... :sad:

Most people, want to become an O/O, for two main reasons;-

Freedom, and Money! 8)
And you could have both, in a properly arranged deal, but tho, there is Money w/o Freedom(some company drivers, doing very well), there is no Freedom, w/o Money.

With the high lease payments, and low mileage pay, you'd have to run 24/7, just to stay afloat. You'll see many thousands $$$, but just a tiny bit out of it, will actually end up in your pockets.
That's called "cash flow mirage"!

In an order, to call business successful, it supposed to make profit.
And profit comes after all expenses, wages and benefits, and there is no room for profit, in any of those "deals"!
Even those "poster boys" Sonny have mentioned, didn't make any!
Just brake down the numbers, and you could clearly see that! :sad:

But that's a problem! Those cons know, that most people, don't good with the numbers, or simply don't know enough about trucking business, to get a real numbers!
And it doesn't matter, what Sonny, Gman, I...and all others would say, they'll see only big $$$$on a surface, and fall in to the trap!

So, actually, i'm posting this, for very few, who have enough of common sense to listen, cause we've been around this business for a while, and have no reasons, for lying to you!
With all that said, i wish everyone, the very best of luck! 8)