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ADVICE for Lease Purchase Drivers! I’ve got the NUMBERS to Share. Know this before you Sign!

Frames ADVICE for Lease Purchase Drivers! I’ve got the NUMBERS to Share. Know this before you Sign!

Description ADVICE for Lease Purchase Drivers! I’ve got the NUMBERS to Share. Know this before you Sign!

Comments ADVICE for Lease Purchase Drivers! I’ve got the NUMBERS to Share. Know this before you Sign!

You’re incorrect on liability the equipment is in their name they even have the branding on the sidebrThe only way they can mitigate liability is with policies and training but I think a good catastrophic injury attorney can get past that Comment from : @markntexas8265

It depends on the company bro … im leasing I love it and don’t care if I pay for it or not , it pays good get to write off a lot!! Who cares I’m making money having fun truck is 4000000 in the hole at this moment because of def and egr issues I don’t care I get 25 of gross every week which puts 300000 a week in my pocket so who cares do you make 300000 a week Comment from : @Truknup

Lease purchase is a scam!!!! I repeat a scam !!!!! do not ever do this to yourself i have been driving local regional and some otr for about 5 years hauling all of the 4 most common trailers and recently jumped into a lease purchase big mistake the upfront cost and responsibility is not worth it if you were considering giving it a shot thinking that you could possibly be the 1 that succeeded with a lease purchase listen to me and the rest of the trucking industry and save yourself some debt and stress The only people advocating a lease purchase are the carriers If you have a family that depends on you and bills to pay save your money and go to your bank or find a program similar to loan mountain Comment from : @jatwaunmurphy3568

Can i least a owner to purchase truck? Comment from : @fashionstreet1

Thanks for sharing brotha 😮 now what is the best option lease to owner purchase? Comment from : @fashionstreet1

Great video im new looking to get into trucking i have a question what is a balloon payment? Comment from : @fashionstreet1

Great video tutorial that wow that's an expensive bill that $9000 bill took all of your savings I have a question as a owner operator who pays for the truck repairs and insurance? Ps Thanks for that advice I am looking to lease owner operate I just haven't made a decision as of yet I'm taking your advice always save 😊 Comment from : @fashionstreet1

Great video i have a question as a owner operator do you have to pay your own insurance and weekly payments on the truck? Comment from : @fashionstreet1

You forgot major issue your taxes and taking care of truck , oil change inspections depending on company Comment from : @tiptoeninja4326

The industry is dead, the brokers has us carriers by the short hairs Comment from : @robertwagner386

Who trains how to run your own truck and does Landstar do local work if you own your truck? I knew a guy who leased his truck to Road One and he was taking home on a slow 2500$ on an average week 4500$ on a good week 6500$ and that was hauling containers locally Comment from : @JOHNDOEX11

How is lease purchase if you get 75 of the flat bed freight Revenue? Comment from : @PremierMowgli

I would guess he's sitting in Pennsylvania 🤔 when he made this video Comment from : @arielshikoba1857

Yea, but with lease purchase, I'd be done paying off the truck in 30 months vs the smaller payment thru 5-6 yrs I guess it depends how determined you are 🤔 or if you are needing to be home a bit more, etc Comment from : @rafaelgranado7428

Being a o/o now daysI bought the truck cash No payments! That's how you make It!! I have a trlr payment of $400 a month So if your in a position to buy the truck out rightthat's how you make money With truck paymenttrlr paymentsfuel insuranceand all other costs that go with the truckhaving no truck payments puts you in a good position Comment from : @Kenneth-l8e

You are wrong I went withSchneider I on my own truck now the key is you have to go out there and work It may not be for everyone but it worked out for me Comment from : @BBscat2020

Heres my take on leasing you guys under cut yourself because of this one major factor you dont add is your CPM!? Once you know what it cost to run your business there should be know way you should be accepting frieght for nothing less than your CPM period My CPM is minimuim 330 a mile Based on that any rate thats less than this im working for nothing and I should get out the game or go back to company driver🤔 Comment from : @infinitedarkmind8864

Diesel isnt $5 a gal More like 375 Comment from : @adammartinson8920

You worried about what the company get It's helping people who can't do it Everyone ain't entitled Comment from : @lisafleming-kl2yi

If The numbers say anything but don’t do it your wrong I don’t need to watch another boobtuber Comment from : @brianhoppenrath8379

This guys math just isn't mathin out Not even close His first mistake was off by over $5,000 Another one is saying owner op truck payment is $1500/mo Are you comparing an old used truck to a brand new one here or are you on some kind of 10-15 year loan on that? With math like this he could apply to be the secretary of treasury for joe biden Comment from : @captaincaveman2501

Its a business agreement brGoing into any contract requires due diligencebrLeasing falls a highly specific niche for those specifically looking for more control but does not have the liquid funds to become own/op brIt (can be) a stepping stone transition from company to own-opbrDo not become hyper focused on money only brMake sure to conduct your due diligence on all aspects of your career If the money is better, but youre not mentally built for other aspects of full ownership (or dont have the experience) going straight from company to full own just might be really bad for you Comment from : @tradways

hey brother Great video Planning to get a leasing truck job 1099 in chicago No ones wants to hire me because of my recent dui went to rehab and finished my dui classes and court fees I really wanted to go back in trucking again, This company "okay" me on their trucking insurance brThrough out the years before i had the dui, Just working for company drivers brThis is my 1st time trying it out as a lease company driver brDo you think im making a good decision 😐 Comment from : @antoniobuensuceso9170

Whose paying $3 a mile? Comment from : @Kevins-Rocky-Road

LOOK INTO GLIDER KITS THEY ARE NEW BUT BUILT BEFORE THE DEF LAWS CAME INTO PLAY Comment from : @johnwolf1475

swift gets rid of its trucks by 300k miles for the CEO stated freightliners start falling apart so they lease them out Comment from : @johnwolf1475

and for you comment about trucking for money that's bs i do am not there for the money is a passion i want to be a truck driver since am 3 years old so there is people that want to be a truck driver cause that's what there met to be Comment from : @MIKEdignard

I didn't hear anything about federal, state taxes What about paying in to your social security? Comment from : @Jumpbackmunkeycrack

No offense but that's pathetic Comment from : @Jumpbackmunkeycrack

I paid off 2 trucks with lease purchase I also have my own authority I'm currently leasing a 3rd from extra mile Comment from : @amirhussein4735

Go into it with the mind set of until this truck is paid off I don’t take no days or weeks of, everything you complaining about can be handled by you! Comment from : @PsalmMiracle

Dude you didn't compare apples to apples you arbitrarily added more than a dollar a mile to landshark without explaining why Comment from : @kentaylor8077

THANK YOU! By 4:45 I had the information I was overlooking! It seemed so good I was almost blinded by it Same concept as factories using temp services or "temps" Anything goes south the company can just wash their hands of you Like it never happened on their end Comment from : @MicahGroover

Why would one driver listen to another driver now a days? All we do is tear each other apart Comment from : @jasonrose8588

I agree, bro thanks Comment from : @ashantajarawayoung2421

Disclosure: Lonemountain requires at least 10k liquid after all expenses Comment from : @tattoomangonetrucking2715

You sir, are a blessing Thank you!! Comment from : @StationaryNomad361

It always was a scamnever designed for driver's to profit it's only for companies to lesson there liabilities Comment from : @jeffreyweston900

These major “trucking” companies are actually “truck dealerships” It’s like McDonald’s has said they are a real estate company, not a “restaurant” They prey on doe eyed people that have great intentions and sell them their trucks The operations of booking loads, training, etc is just to get people to buy their trucks This is not opinion or conspiracy, it’s a well known business model Comment from : @diminaband

This guy seems to be worried about how much a company is making off of you who cares as long as you're making more money than you would have had at a regular company that you're just driving for Comment from : @moderngunguy3666

Comment from : @godson985

@mobaloti_rookaloti Comment from : @TTY22

You telling us All the Bad ……!!!! What are we supposed to do stay broke as company driver Comment from : @hazgmod

I love you dude Comment from : @lodal9557

Those numbers work if you’re making $195 a mile it’s different if you’re getting pay Comment from : @samuelsanchez1903

Leasing through a company is like going to a buy here pay here car dealership that says no credit no problem The same 2k car is sold, repossessed, and resold 10x Charging you 300 a week for a car yhat barley works Comment from : @jeremybly

This guy is slow Comment from : @lorenzolopez9832

I’ve got my own truck, my own operating authority having a real hard time finding steady loads! Been getting most of my loads off the Amazon load board trying to find something more steady Any suggestions? Comment from : @ryan173

What do you think about leasing on with Bruce Oakley Trucking out of Littlerock, good or not ? Comment from : @kevincarter5854

The lease is an EXPENSE on the books just like fuel How are you not using the tax incentive Your should finance to get double write offs on depreciation✌️🇺🇸 Comment from : @FBombs4All

The moment he made a blanket statement like leases are scams is exactly when rookies should stop listeningbrbrHow about this?brbrDo the research and crunch the numbers yourself brbrAll leases are not the same All carriers, contracts, and divisions are differentbrbrThe best all around deal for rookies is most likely Prime running reefer while trainingbrbrI've seen the settlements The money is 100 realbrbrHowever, that truck will be pretty much shot by the time you finish the lease Comment from : @AWesker99

19000- 8000 for fuel is 11000 not 6000 Comment from : @RogieBarrow-fi7tc

What is the better way? Comment from : @missmotives6410

Couple of points herebrbr1 If you're using their truck, with no credit check and no down payment, they absolutely deserve a cut and are not absolved of liability at allbrbr2 There is nothing wrong with them wanting to make money and spend less Especially if it allows you to make more money than if you were a company driverbrbr3 If you're only getting 6 mpg, you're doing it wrong, with the wrong equipment Comment from : @ndavis265

I bought my Truck Now I want to lease I don’t want to own a depreciating asset Once I hit my investment amount Iam out Comment from : @ricktrucker10-47

Yea this math wrong Comment from : @darrellle4967

Bubba, I work at Walmart… If I could net 1600 a month I’d be happy! 😂 Comment from : @harlowpiggly

how in the F do you subtract 98brbr8000 from 19000 and get 6000brWTF??? Comment from : @JimBaldridge-x2d

In the current market, and future for that matter, any lease is asinine You can make the same or better at a good 1099 company, especially if it is a 6mo gig, without all the other bs Now a young single hard running kid with goals for their own truck? Like you said do multiple 6mo blocks Comment from : @sword-and-shield

Stay away from Lone Mountain for used trucks I bought two from them, both were lemons and bankrupted me Comment from : @WestcoastWallyDriver

Work hard, save money , buy truck and go to work for your self brSomething that comes easy, probably isn’t a good thing Comment from : @steelworker78ma

Lease purchase is a scam I make from 2000 to 2800 a week as a company driver at 30 Comment from : @brucebrown5464

11:37 this can be fixed with proper planning and money management You plan ahead and save to cover the expenses you’ll have for the off week Comment from : @TheGrahamFamily0524

Great breakdown for lease to purchase sir thank you as I am getting ready to become a owner operator Comment from : @shakerapearson9769

so the landstar model is if you already own a truck and trailer, correct? and is landstar a lease to own outfit? been a driver for almost 40 years always seemed like the wrong time to dabble in the OO side of trucking (always scared always hearing horror stories)now at 63 I am looking for something much better for the time I have left until I cant do the job! Great video Comment from : @cyberdude721

Don't you wish that you knew what you were talking about Comment from : @truckerboss84

Your numbers are wrong You also use Landstar but you apparently don’t know how they pay Landstar pays their drivers 75 of the load if you use your own trailer 65 if you use their trailer So saying you own the trailer means that $300 per mile load actually pays $225 per mile If you use their trailer its $195 per mile You will also find yourself dead heading more for companies like Landstar Those miles you don’t get paid for Comment from : @JackFletcher-w4z

Exactly right! Scam Comment from : @keith3694

You are not making very good drivers pay! I'm talking about lease purchase period They are designed to cause you to fail! Comment from : @keith3694

FACTZ Comment from : @larnellchavis2257

Why you even lease ? Truck never be yours what the stupid thing to do Comment from : @DropDeckTrucker

Counting the companies pockets as an excuse is weak At the end of the day every business is trying to make money I think what they’re paying you for lease to own is low though to be fair Comment from : @israeldiaz3486

You make a lot of sense but I think people go lease purchase because they don’t have the money to go get your own truck Comment from : @limbanimkorongo319

Thank you for sharing Comment from : @jupj1

Jeez what a pile of 💩 Comment from : @tpnotes

i thought 4 weeks was a month LMAO Comment from : @johnunderwood8827

Next time get to the point Comment from : @PlayMoneyCart

I think lease purchase programs from major trucking companies are rip offs all these major carriers are doing is making money off of you Comment from : @erazco6568

I feel like only way you can make money as a lease operator if you go with a company that pays percentage line Jb hunt and they also do a fuel surcharge If you go with a company that pays by the mile at like $110 that’s a setup for failure or having to run without home time lol Comment from : @reesiemula

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