US Express Lease Purchase

Thread Tools
  #11  
Old 09-15-2009, 12:56 PM
Rookie
Thread Starter
Join Date: Jul 2009
Posts: 17
Default

Thanks Gman for the info.
 
  #12  
Old 09-15-2009, 01:44 PM
GMAN's Avatar
Administrator
Site Admin
Board Icon
Join Date: Feb 2005
Location: Tennessee
Posts: 17,097
Default

You are welcome, Fuzeme.
 
  #13  
Old 09-15-2009, 02:02 PM
mike3fan's Avatar
Senior Board Member
Join Date: Aug 2006
Location: michigan
Posts: 2,777
Default

Originally Posted by Fuzeme
One thing is for sure though, lease purchase does work with the right company
really? which ones? just because someone completes the L/P doesn't make it successful.


Yes I agree more folks have failed at lease purchase than those who have made it work

by a surprisingly wide margin I bet



now is US Express lease purchase any good, don't know, are they trying to make money off the driver, of course, that is why I am doing the research.

I don't know for sure either, but I know for sure I am not willing to bet my financial future on it, save some money and buy your own truck and be a true O/O, not some money maker for a stupid mega carrier.
 
__________________
"I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty


  #14  
Old 09-16-2009, 12:59 AM
Join Date: Jun 2008
Location: florida
Posts: 13
Default

the other thing that u have to consider is knowing how to keep the truck running without putting all the profits into repairs. a little knowledge in mechanics goes a long way........
 
  #15  
Old 09-16-2009, 01:55 AM
Rev.Vassago's Avatar
Guest
Board Icon
Join Date: Apr 2006
Location: The other side of the coin
Posts: 9,368
Default

Originally Posted by mike3fan
Bet you can't get 5 to post positive experiences at a fleece purchase with one of these mega carriers. Let me ask you this. If it's so great why isn't there hundreds if not thousands of guys on here or any where else singing the praises of L/P deals? Surely enough have tried.
Everyone thinks they are the exception to the rule. Sadly, they aren't. It's the probability fallacy. Our brain wants to convince us that we are a unique and beautiful snowflake, and even though everyone else failed, somehow we're different and will see a better result. But we're not unique, and the odds of succeeding are just as crappy for us as they were for the last guy who failed.

People use this same logic when buying a lottery ticket. Fast fact: The odds of winning a Mega Millions Jackpot are 175,000,000 to one. The odds, as an American Male, of being Tom Cruise are only 150,000,000 to one.
 
  #16  
Old 09-16-2009, 01:56 AM
Rev.Vassago's Avatar
Guest
Board Icon
Join Date: Apr 2006
Location: The other side of the coin
Posts: 9,368
Default

Originally Posted by Fuzeme

Lease purchase programs are not all created equal.
No, they pretty much are.
 
  #17  
Old 09-16-2009, 02:02 AM
chris1's Avatar
Senior Board Member
Join Date: Jan 2009
Posts: 847
Default

I believe most that would do a L/P would also fail if they purchased a truck outright. Little or no credit,no cash,no idea.
 
  #18  
Old 09-16-2009, 05:26 AM
Senior Board Member
Join Date: May 2007
Location: In my head...
Posts: 698
Default

A US Express fellow helpled me blindside a while back and then we got to talking about

trucking and what not...he was not doing to well leasing with those guys

Always having to cook his books... he gave the impression they play dirty pool

But then I have yet to come across a dispatch system that didnt ...

So it takes 2 to tango as they say

good luck
 
  #19  
Old 09-16-2009, 05:28 AM
Senior Board Member
Join Date: May 2007
Location: In my head...
Posts: 698
Default

Originally Posted by knightscastle55
the other thing that u have to consider is knowing how to keep the truck running without putting all the profits into repairs. a little knowledge in mechanics goes a long way........
I just got a complete 'P/M' on the truck I am driving...

That Includes Tractor Serv and Trailer Maint and top quailty filters and oil for 280.oo

Do it every 20,000 miles
 
  #20  
Old 09-16-2009, 10:02 AM
VPIDarkAngel's Avatar
Senior Board Member
Join Date: Apr 2009
Location: Bent Mountain, VA
Posts: 535
Default

Here's another question to ask before doing a lease program. Why drive this truck, when you can drive a similarly equipped company truck?
Another way to approach this is to save up X dollars each week, and don't touch that until you get enough (and then some) for a decent truck. Use some to buy the truck, and use some as spare cash for repairs, PM service, tires, etc. Even if you lease, rather than purchase, always keep some savings in reserve in case the crap hits the fan (which it will).
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





All times are GMT -12. The time now is 04:39 PM.

Top