Swift doesn't have a payoff on their LP program. I belive its like a 40,000 dollar balloon payment at the nd, or 37. I forgot exactly, but its on their website.

 

Thanks for your post. I appreciate your input. One of the reasons for considering an LP is it is one way to get into my own truck without needing a huge down payment that I dont have at this time.It would also give me a trade in at the end of the LP. The other reason is having the freedom of being an O/O . If we could drive team maybe we could do alright on an LP. Not going to do anything yet though, still weighing it all out.

 

Rather than getting involved in a fleece purchase deal, perhaps you should start saving money out of each paycheck for a good down payment or to pay cash. When you lease a truck, it doesn't belong to you, it is the property of the carrier. It is also very unlikely you will ever own it. You always pay more for one of these fleeces than you would if you buy a truck. There are not shortcuts to owning a truck. It isn't always easy, but when you get your own financing or pay cash, you can go anywhere you wish if things don't work out where you are leased. If you lease a truck from a carrier, you cannot leave with the truck until it is paid for in full.

 

My advice would be to drive as a company team for awhile. There's no guarantee that you're wife is going to enjoy the lifestyle or that you two will work well as a team, i.e. sleeping in a moving truck. Better to find these things out before you put your financial future on the line. If all goes well, the cash rolls in pretty fast as a company team and you'll be in a strong financial position in no time. Then you can make the move if you still want to. Don't be in hurry, that's when people get themselves in trouble. Go slow, know all the answers before you jump into something and you'll be much better off. Good luck.

 

Running more miles for the same low rate will NOT improve your bottom line. Leases are so popular because they are so profitable for the companies and because people will not take their time, save their $$ and buy a truck.

Run for a company, there are almost NO cpm companies paying a mileage rate that will allow you to maintain your equipment and pay yourself a decent wage with benefits.

Do the math, you have to make a lot of $$ over you REAL COST PER MILE to pay the extra taxes, assume the extra risk and PAY YOURSELF!

 

As far as the wife goes she was my co-pilot as I called her for three years. She likes being out on the road and was actually a big help. She knows how to do all the paperwork, get directions,and even helped tarp loads. I was a flat bedder by the way. Maybe I will set the idea away for a while of being an O/O till I can get enough put away to buy outright. I,ll check around for a company that will hire me and then try to get my wifes road test done so she can drive with me as a team.