Lease purchase peterbilt

Your not quite old school yet buddy

Yea I'm old school when it comes to trucks if you actually look around most companies are automatics now I do not I prefer an older 379 so that's what I'm talking about so maybe don't insert your opinion where it isn't wanted unless you have what I asked for

Exactly...Well said from a real old schooler...Please do yourself a favor and don't do a lease purchase. That's one of the worst deals to ever show up in the trucking industry. Nothing less profitable than paying twice as much for equipment than you need too. But hey, you do you brother. Good luck to you.

Yes I have considered it and I have done my homework and lasttime I checked the market for trucking is far from cold buying outright if the market drops your stuck with a trucknote you can't get away from lease purchase your working off a truck and if it doesn't work out you can walk away from it with no consequences your not stuck you just hafto stay with that company as long as you owe on the truck I've grown up with trucks I watched my dad fail because of pure ignorance and no a little thing called divorce ruined my credit and left me with nothing so my ambition is to own more than one truck and as soon as possible I've been around the industry most of my life the difference between success and failure in the trucking business is planning no excessive deadheading ever and keep that driver door shut

NO! NO! OH NO!

Yes lease purchase through a trucking company not a dealer

Just one thought on that.

If you lease from a dealer, it is not really all that hard. I can tell you that I can walk into local freightliner and drive off in a new truck with no job to go to and only reasonable credit and unemployed. 5k down. 55k a year. trade in every two years or buy out. Great tax savings on the leasing. This is far better than leaseto purchase with truck company. You can always lease onto any company you want after you have a truck. you will make money. Plus i think you would avoid the major BS I am going through by buying my truck. No tags , can not work. Going broke sitting here while state refuses to tag my truck.

Add it up. If you can not make at least 6k a week you are wasting your time.

Word : Never buy that truck under company name unless you have absolute proof that your company is at the address you say it is. Here it is 3 forms that show company name and address including the mailing address being the same. Weeks of hassle.

Since the original request was inquiring about a lease purchase, I came across this while looking around on truck paper this evening....I still think it is a terrible idea...Also a YouTube video titled "Exposing Truck Financing Ripoffs and Scams....

money is made in the buyin, not the sellin. It's not what you make but what you retake. Most money I made was on a 3rd hand Freightliner Century class. UGLY truck, but the freight didn't care.

BTW-I received authority from the DOT in 1996. I'm not even close to old school, I know companies in the area with 5 digit DOT #'s. Best driver we have is 73 yo kid! Old school, blah blah blah

Lol I may be young to most drivers on this forum and 37 is young for most but for the haters commenting I've grown up on a farm been around trucking and heavy equipment since my whole life been a fireman a police officer served in the military yes I'm young in age but I am not young anymore I've watched my dad fail at trucking because he thought like most drivers on this forum scared to take a chance or do the proper research he failed and had to sale his business I've been around long enough to know when a company is j****** me off and lease purchase that I'm looking into has an escape clause you for any reason don't feel like it's working for you you walk away from the lease with no penalty you can't make money you walk away I know what it takes to make it work I know how much money I gotta make each week and how many miles or loads I hafto make to make this work so for all the naysayers I know what I'm doing I'm not a new driver or a retiring driver do not think I'm an idiot

I actually kinda figured I mis read what you meant. I'm pretty blunt, and I spose i could use a diffeent way to get through. I listen to guys who have done the L/P,and it is devistating to listen to 99% of the stories. Just do not want a guy to go down that road. Again, sorry I took your post the wrong way.

Thanks for all the input some drivers you forgot what trucking is about and it shows in your responses I appreciate the ones that are giving helpful advice making sure another driver doesn't fail or make a mistake they already know about thank you but the rest of you go flip burgers you'd do better with that lol

You've been doing this for 6 years, and you are telling me that my advice is basicaly not helpful? Ok. think what you want, but, for instance. you said you can get a walk away L/P, if I remember correctly. What do you think that will do to your credit rating? Not to mention, possibly a report of "abandoning a truck" that will follow you for a long time. I say it like it is. If you think I am too harsh, then I made you notice. Do some research on contracts. Hire an attorney to read your great L/P agreement. I bet he will inform you way more than I can, But truth be known, you won't or can't spend the money for the atty., to do that. That is a complete red flag to me. Those long 6 years of being out here has taought you no respect for good advice. I really meant what I said that you would make more money working in a burger joint. I know of O/O that have like $10.00 left over after ALL their payments in a week or two week period. I am giving you sound advice but if you want to make fun of it, knock yourself out. Good Luck. I hope you can show me how wrong I am in the next 6 years of the L/P.

Shadrick, you might try this....Auction time, purplewave and bigiron sell hundreds of trucks every week..You might find one near you...BUT! for sure go look at the truck before you bid....And just saying that good old trucks even 25 years old are high dollar with these freight rates hitting $4/ mile on the coasts... ike I said before----nothing easy but, it can be done...

I burned through 30 k in three months . 4 k left.

Jerry that is a good looking cab over! That is what I started driving too! Mine was a 79 freightliner. My first truck I owned was an 84 Freightliner Cab over. It was an old Thompson brothers truck (TBI). Good times!

Why do you want a lease purchase? For me I don't see the advantage. You either are making a payment to a bank, our to the company providing your freight. Who do you think will be more willing to help and get you back to running when your truck breaks? The bank. Bank doesn't want to repo your truck, the company however probably won't care because they can just pass that truck to the next person in line. If you get a loan through a bank, they are more willing in most cases to help you when things go south, and it's trucking so it's not an if it's when they will go south. Yes the market is very good right now for trucks, what's your plan when the market does cool down? Will you still be able to afford the truck and expenses when that happens? If you've done your homework, you should know what your freight pays, what your insurance is going to cost, what your initial startup costs will be. Factor all that in with the wage you need/want and find what fits in that range for price of a truck. Pretty trucks look nice and are fun to drive, but they make the same money an ugly one will. I just bought my first truck at the end of August last year. It won't win any show awards, but it gets the job done for what i need right now.

Nice truck!

True what you say, boomer here started driving in 70 to a trucking company that hauld heavy loads, there was an old war veteran there took me under his wings and helped and taught me so much when he retired he sold me his old F model Mack for a song and got me started. It's our job to encourage the new guys, hang in there you'll make it eventually if your willing to learn.

Thank you finally someone that has actually done it LOL I know it's doable and I was looking to lease purchase a truck to own it from the company itself and a few companies look appealing and could work however a lease to build up and buy exactly what I want is also an option biggest thing is to get into business for myself and grow to financial freedom and stability to many of these companies will starve you to death working for them as a company driver not to mention I've been driving long enough and been around the business long enough staying a company driver just feels like a dead end and just plain lazy it's time to up the ante and thank you very much for the support 27 with your own company that's impressive keep it up

Did you not see where he managed to get his own trucks and set up his own company LOL

There team tractors with those rates, running under the mega carrier they insured everything my tractors everything for 100$ per week per tractor.

I have settlements for proof, that I'll show later .

Apparently you have no idea what profit means, after all expenses drivers included I worked about 4 hours a week with 2 trucks running because the carrier ran everything I simply paid my drivers, an took care of maintenance when it did occur on my tractors.

.45 cents per mile is profit ... after all expenses driver everything.

my drivers were paid .72 cpm

100$ a day each on break downs as well as meals provided 25$ a stop, 150$ short pay.

they never averaged below 2k a week each

i took drivers with less than 6 months experience an paid them excellent.

before running your mouth perhaps, think about the word net profit.

Because the current image of automatic trucks made of plastic and fiberglass are lazy cheap and pieces of complete and total junk I was raised around 379 and currently driving a 389 and I will never go back to driving a Volvo or a cascadia or any of the short nose cheap trucks they do not hold up and a total waste of money a 379 or 389 or even a w900 will last forever if you do your maintenance and worth the money you pay for them your just wasting money on anything else

Can't. Call it a "Swedish Peterbilt". Maybe you'd feel better.

As far as trucks converting to batteries and no longer rolling coal in my opinion that's a load of crap and a Volvo is no Tesla they are complete junk but saying trucks will go completely to electric is just silly I don't believe for one second rolling coal will ever go away these electric trucks are not gonna last this new age crap is insane and ridiculous