HORRIBLE Lease Purchase Agreements | Analyzing Lease Operators' Pay Statements

[@M0rmagil]

It’s a popular topic because there are a lot of horrible leases out there.

[@carlosaguirre1313]

Agree , stealing agreement

[@oldenfarten5350]

This doesn't do much good if you don't tell us the company names to avoid.

[@MoStaxxProductions]

I'll tell you one.. Trans Am 😂

[@chubbytx1042]

Don't lease from any company

[@MoStaxxProductions]

@@chubbytx1042 you can lease from a company if you're already an owner operator and the truck is paid for.

[@davidbuck9977]

@@MoStaxxProductionsThere is a difference between "leasing from a company/carrier" and "leasing onto a company/carrier." -Leasing FROM a carrier(generally lease/purchase programs) means: the truck is owned by the carrier and they are leasing it to you to drive for them while you take on the risk of maintenance and repairs. If you leave that carrier you can't keep the truck. -Leasing ONTO a carrier means: You are the owner of the truck or have a lease/payment agreement through a third party, and you are leasing the tractor, and your services as an O/O to the carrier to run under their authority. If you leave that company you take the truck with you.

[@slim.jimmie6529]

Crst

[@gmorrison1962]

Any chance of getting the name of that company that you said the guy has a great lease agreement?

[@mr.samson5858]

I think I have the worst of the worst lease agreements. Imagine I worked 4,292 miles a week sometime over 5,000 miles. And I got paid $392 from over $7,000 growth. $950 truck fee, dispatch fee $1,250, insurance $500, mileage $480, fuel $2,300 and some other fees. This is my last week I'm quitting.

[@NorthAmerican-Trucking-News]

Jeez Louise.... I can't blame you

[@openmindchannel1978]

I think you forgot to check these lease agreements length.. Some lease agreements are 2 yrs, 5 yrs, 8 yrs..

[@suzanneelmore770]

It’s not status, it’s the freedom of not being macro managed and forced dispatched, told when and if you can go home! Being a company driver sucks! Period!

[@hasnainali.17]

Hi Ronen , Please post a video on how a fresher can start from scratch in order to become truck driver in USA and Canada ? Driving school to corporation recruitment etc.

[@garywalther7939]

I would like to know more about the benefit package of being a company driver versus a owner operator or lease Purchase.

[@nickdonalds0546]

No benefits for lease or owner op. You gotta get your own private insurance

[@anthonyosorio2613]

What leasing company was the first one

[@8300rpmallday]

I wish I knew the name to that lease that guy works for a great lp company

[@BBscat2020]

What’s the name of the company on the good list and company first one you talked about?

[@ryanpatterson336]

Do one on scottlyn

[@danieldehay5270]

I will never ever lease again. Literally weeks with no pay…..never again…….

[@unknowperson]

How i am doing good

[@ludo2777]

Hey Ronen, that first settlement you red out, the deductions you read were from that one sheet you put up, which actually totaled about $1300, that also seems to be his total deductions according to you but!!!!! Where's the fuel $$$, am guessing the second sheet which you didnt show us has his accual net which is not 5k, his in the east cost with high fuel price, he sad he had bad fuel mileage, am guess deducted another $1500 from that 5k net earing making it $3500 which is not bad at $2.65 a mile but definitely not as amzing as 5k Just a note !

[@Jumpbackmunkeycrack]

Sacrifice and hard work for pathetic pay

[@NorthAmerican-Trucking-News]

😬😬😬

[@urosmartinovic1767]

Second drivers weeks are really strange…he is driving really bad(low mileage for lease operator) or he is really bad dispatched(no weekend loads,no trip plan)…1st driver i dont want to comment,that nort east trips are amazing 🎉

[@davidpatterson4547]

This would help if you would name some companies to go to Bro.😏

[@truckerjay8568]

I see one y’all trucks in Michigan last week I though that was cool.

[@tommyhawk92]

the 2nd statement from the second driver didn't have a truck payment??

[@MrGogether3000]

Where do Zack work at???😂 I want to apply

[@Deezyy-30Ball]

They’re gatekeepers not gonna tell us 🤷🏽‍♂️

[@matturner7763]

He probably made it up to keep us interested. He's never seen a lease agreement that nor have I so I don't believe it's real

[@jonmon82]

Being we can’t see sample statements before we sign a lease and there is so much greed out there; how are we to vet these companies without knowing their names? Or even if we want to work with these companies besides being able to look up their safety ratings and number of drivers. I want to on board with the first company. I have never seen anything that good! Who knows who they are?

[@zcanaday1]

I do…it was my statement lol

[@jonmon82]

@@zcanaday1 Hit me up man. Let me know what’s up. You got a referral, web site, phone number?

[@igorfed993]

What company is it??

[@trindon9439]

All lease agreements are bad if your company doesn’t provide you with the revenue to make you a reasonable net profit. It’s simple as that. Ex: even if the total deductions add you to $2000 each week, but the revenue was $6500 compared to $3500 weekly. Ask your company what are their average rpm and total miles per week. It’s your job to make sure you communicate with your company with the quality of lands you are running. How long this shipper been a customer and so on.

[@Brararaf101]

its better to stay local i'm company driver in nj area i do tri state wanna go local owner operator any good places to lease or get first truck ? If possible have them deal with repairs ?

[@MJFUYT]

Excellent info.

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@chadjno-lewis6121]

Super ego was the second driver

[@jeremyhatten7554]

😂

[@MichaelSmith-rt8vj]

good morning ronen ..i am a driver in the United States..i have been driving trucks for ten years...yes i was driving for a company that was paying 75 cents as a 1099 truck driver. That company was mgl out of Chicago. Mgl was the best company that i ever work for..i started with them in October 15,2021. Furthermore, i was switched to rt transportation in December 2022..that's when everything went down hill. Rt transportation started cutting there drivers pay..i went from making 75 cents a mile to know making 50 cents a mile. September wii be my last month working for this company.. i do have 120,000 in my savings account..do you think that i should purchase my own truck and lease on to a company?? Believe me i do not want to go to another trucking company. To me they are all the same..its only a matter of time before they start fucken you over..please do not use my government name aka my slave name...take care men...

[@michaelpierre208]

ET transport ain’t no better

[@NorthAmerican-Trucking-News]

Hey, hey, hey, don't lump us together.

[@michaelpierre208]

@@NorthAmerican-Trucking-News lol

[@Deezyy-30Ball]

Who’s the first ?

[@kevinknoff9809]

Totally disagree, being a owner operator you take on a huge responsibility than a company driver

[@svtfreakk]

Everyone wants to be an owner operator even tho they make less money. It makes no sense do people not have a brain???

[@BarnacleBoy42069]

Freedom is worth more to some people, nobody breathing down your back for going off route or idling the truck for too long, not being forced to take a load that you don't want, able to go home when you want and stay home longer than 2 days at a time after being out for over a month, etc.

[@svtfreakk]

@@BarnacleBoy42069 hey I get it but freedom is also making money to pay bills and not go completely broke.

[@BarnacleBoy42069]

@@svtfreakk making less money doesn't equal going completely broke, owner operators usually make more money anyway, unless they are talking shit loads.

[@mikeleggiero2524]

I must be going broke as a o/o 22000 In my account last month 21000 the month before 18000 the month before that. .just think fuel and all insurance was taken out first now take the 61000 and split that in half 30500 went in my trucking account and the other went to my personal account just remember us broke o/o . Have a nice day oh ps I work less then 20 days a month

[@svtfreakk]

@@mikeleggiero2524 I think I worded my initial text wrong, I meant most lease purchase o/o, most aren’t making money. Sounds like you have paid off equipment or a normal monthly payment at least. Glad you are doing well 👍

[@lamontdavis3838]

Lease drivers don’t understand it’s about the fuel and lifestyle you are not a company driver

[@kevinimp8217]

were not joining youre company no mater how many videos you make

[@BranniganCarter]

You can’t even spell correctly, you’re better off not having your own authority 😂

[@anongrumpy6348]

Gah such low mileage