[Fuzeme]

Thanks Gman for the info.

[GMAN]

You are welcome, Fuzeme.

[mike3fan]

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.

[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........

[Rev.Vassago]

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.

[Rev.Vassago]

Originally Posted by Fuzeme

Lease purchase programs are not all created equal.

No, they pretty much are.

[chris1]

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.

[zipy46]

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

[zipy46]

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

[VPIDarkAngel]

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).