Quote:
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.