Honestly is the best policy. Thank You for your video.

Well said interview

This is the only video that makes sense!

This was very informative thank you so much for shedding light on leasing. I’ve been having doubts transitioning from company to lease but now I’m certain about my decision…

@DanJn

Ай бұрын

Did you lease and had it been worth it financially?

@TheGrahamFamily0524

7 күн бұрын

@@DanJnhaven’t gone to lease as yet. Stacking some bread first before I make the jump

Doesn’t seem to matter how many lease purchase nightmares you read about , the poor insist on getting poorer.

Broke it down correctly!

I would work there….. they have nice equipment

Ive done at least 5 WalkAway Lease purchase program. All of them have been the same Old Song. They Never never give you Enough miles to pay for that truck. But they do Pay them selves before they Pay you so that leaves you Almost nothing every week 😢SAD!!!

@jpw7598

3 ай бұрын

company names?

@Dominick_84

Ай бұрын

Then why have you done 5 of them!!!!!

@melvinkeller1466

Ай бұрын

Why not a company where you use a load board where you dispatch yourself

Sure if you get miles or good loads that pay

i was going to buy a truck but ive decided to stay at my home daily paid by the hour job park the truck go home and not worry about it

It's not necessarily the lease purchases that are flawed: it's the companies who issue them. Companies need to protect themselves but most of them are predatory with their contracts. Giltner won't let you see the contract before hand to make a correct decision ... Barlow charges approximately 50k over market value for truck ... Swift, christensen, rti, etc etc provide low mileage rates where you may break even.. If you find a good program then they have inside facing cameras that want to monitor AI every move .. Some companies WEL. PAM have extreme balloon payments of 25 k plus... Some companies have prepayment restrictions locking you into higher interest for longer and or balloon payments..

If business is not stable, while drivers do not like any stress but looking to pay what is required then nothing wronh going by pay percentage out of rake home earning because idea is one person has investment while other person put his effort, skill, labor then earning goes into 50% 50% while keeping 25% for equipment (truck and trailer) that all you need. So if truck broke down then no payment till it back on the road, may driver got sick etc or took given days off per year. So no sress and any one can enjoy with trucking not suffering with maintenance, old truck, or looking a different one.

All the same BS. No matter how you cut it, it’s still shit… Save $30,000 and get a pre emissions truck and pull for Land Star…

Havent finished the vid yet but i would say never go for any type of lease that is mileage based aka paid per mile. Always look for the percentage based pay.

@chiefcarriers

7 ай бұрын

Pro's and con's to both approaches. In today's market, percentage based plans are struggling. Percentage works well in the drivers favor when freight is busy. Mileage base seems to be a better long-term play and supports the drivers in a down market. Leaves the carrier to absorb the brunt of the cheap rates.

@williamyonce7163

Ай бұрын

@@chiefcarriers I agree with that, but companies don't want to pay $2.25 - $3.00 a mile and you can't run a truck out here today for $1.06 mile or $1.10 a mile and claim your making money. When the national average cost to operate a truck in (2022 numbers) was $2.25 per mile. And it's not went down only up. But these companies want you to believe that you can operate that truck for less. Doesn't work that way. Not trying to just pay the truck bills, my company has to make money too.

If there's a balloon payment, run!

@chiefcarriers

7 ай бұрын

If you're leasing a newer truck, there will always be a balloon payment. It's the residual value of the truck that is due at the end of the lease term. Just find a company willing to finance the "balloon" at the end for you...

@acmckeithen8857

7 ай бұрын

Whats a balloon payment?

@trukngal

5 ай бұрын

H​@@acmckeithen8857 maybe no equity, or in the negative at end of contract, sounds like missed pymts or something?

@CForged

4 ай бұрын

@@acmckeithen8857it’s the remainder of the loan. To make payments smaller over the first few years that float it with a balloon 🎈 at the end of the term

Do uall help sap drivers that what hellp

Only dispatcher I trust is myself

No I did not have to pay any extra money at the end of my car payments lol 🤣 is this how you try to convince people that a balloon payment is okay lol

@k.o.t.kingoftruck3419

Ай бұрын

If you lease a car there will probably be a balloon payment.

So they would own the truck after they hit 750,000 miles😮

@chiefcarriers

Жыл бұрын

Yes, that would be about right. Probably why the walk away lease has gained popularity so drivers never operate a truck out of warranty

Your company is selling a used truck? Lol there's companies out there selling you brand new trucks that you specifically order for yourself on lease purchase deals

@jpw7598

3 ай бұрын

Basically New truck $200k-$225k = 5yr contract & $1000 weekly payment Fairly used truck $50k-$80k & 200k-300k miles= 2yr contract & $600 weekly payment Better to have cheaper truck & pay the it off asap because a down freight markets happen every 3-7 years; during those down times you will be living check-to-check or in the negative with a new truck. Maintenance & repairs for the used truck will be cheaper in 6 years than the total payment of that new truck. Own the truck asap, Dont let the truck own you

@moderngunguy3666

3 ай бұрын

@@jpw7598 No they're three year leases. For $1,000 a month brand new trucks But yes I agree it is better to get a cheap truck and paid off quickly.

No. It’s not. You’ll pay way more and the company doesn’t give two shits if you starve in the truck or not. And that’s ANY company with more than 10 trucks

There's No truck Worth 200K because there No Such thing as a New Truck!!!! Only thing that's new is Engine and Transmission. Lease Purchase Renting All A SCAM.THAT'S WHY THEY CALL IT WalkAway. No WHY would someone want to WalkAway from their Investment? Mmmm 😢

Pies of sgit

Older truck...more issues and no warranty