No More Lease-Purchase Programs In Trucking? That's The Goal

[@glennbrooks2848]

Run from WFX, out of Oklahoma City. Scandalous company! I’m glad to here that someone is stepping up to stop this criminal behavior to drivers

[@roysimon2475]

@@glennbrooks2848 bro I did wfx they’re real slimball company 2023 no good bro your right

[@treyfeeley2519]

Great explanation! I never thought these were a good deal for drivers!!!

[@dennisstorie4604]

I think a beginner course in truck operators and expenses. The sooner you can save and pay your truck off and go to another company the better off you are

[@dennisstorie4604]

I wish this task force was created years ago.

[@dennisstorie4604]

These companies are not honest how much they have paid for the truck versus how much they are charging you for it.

[@dennisstorie4604]

Think about it 8000 truck at say 1200 per week every year for 3 years on average.

[@Goal-2-Go]

Let's think positive. Only 95% of them are rip-offs.

[@annv7485]

Sadly true

[@unperuanoenlascarreterasde9964]

😂😂😂😂😂😂😂😂😂😂😂

[@harrysingh8433]

😅😅😅😅😂😂😂😂😂 i think 100% rip off

[@ROLLIN-DUB]

And that’s giving them a compliment

[@verko5292]

I'd say 99%.

[@WJKJULIAN]

Lease purchase is one of the biggest scam in the trucking industry, sadly most new truck drivers fall for it and my dad fell for that scam since he didn’t know any better back then… hopefully drivers are better informed thanks to videos like this❤

[@learntolawn]

Unless you have experience running a business prior to getting into trucking and have a basic understanding of how to run books its easy to think its good. If you have ever had to do even a small amount of accounting you can quickly see how one sided it is.

[@alexplus3]

Thanks again Miranda, your great asset to the trucking industry 👍🌹

[@camerons6466]

silver Trucking LLC Hired a group of drivers One guy chose company every one else chose lease purchase the last man standing was company driver The other drivers quit and lost money The turn over rate is insane

[@candiemoore3278]

@@camerons6466 wow! My son just got hired with Prime and went straight into leasing. My little cousins were a trying to warn him. Now he’s saying he sees no money, he have to pay Prime 1,300 a week!

[@hell_pike9150]

I bought my own truck, went to a LP company with a goal of helping serve their customers as an owner operator, but the whole place and the whole deal was a big screw job

[@thatsreality5184]

That's where the carrier makes it's real money.

[@williamrobinson6680]

Lease purchases. Extremely well explained. No sugar coating, just the facts. No excuse for anyone to get scammed now! (anyway,... you know it's a scam when they keep calling you almost begging you to come aboard.)

[@re4477]

Yep yep.

[@StLouis83]

Thank you for this... my ancestors are giving me the signs. This weekend I sent in a request to a company, and sent in the photo of my cdl a, so they kept calling and texting me. I actually stumbled onto motha trucker video, and my conscious direct me to understand more of this. Now I'm here and your comment gave my assumption the doubts I had, now I will continue to know more about this company and their lease purchase program, so I appreciate it. ❤

[@ARYCKCEE]

In 2018 I entered into a program to buy a truck from H&M TRUCKING INC in Omaha NE. When the new trucks were coming I got to pickup the truck I wanted, I was told that I could any modifications on the truck that I wanted. The truck was turned up so that I could drive it up to 87 mph, company trucks only did 70. I was sent a fuel solution with each load that I didn't have to follow. Yes I could only work for them, but in the agreement I was given a breakdown of the pay schedule showing exactly how much was owed with each payment. Also I had the opportunity to increase what was paid on the truck so I could own it sooner. I left H&M in 2022 with a 2019 Volvo vnl860. There was no Ballon payment and games as I neared the end of the payment schedule. That's my story in a nut shell..

[@exoticjunkie]

@@ARYCKCEE Congrats. You're one of the lucky ones.

[@mikealdrich7279]

I own my truck and am leased on to CRST flatbed. I’m not a fan of lease purchase programs but at CRST flatbed you are not dispatched. You have access to their loadboard and they have agents all over the country getting loads. I can also book loads on the spot market as long as it’s an approved broker. So here at least you are the captain of your ship as far as loads go.

[@ladatransport344]

@@mikealdrich7279 don’t do that crst will rip you off

[@itsmitchnewton7670]

Youre doing all that, why don't you just get your own authority? Keep EVERY penny

[@mikealdrich7279]

@ insurance is way cheaper here and the rates for loads through the agents pay better than the spot market on average even after they take their cut.

[@RussJAlan]

Cedar Rapids Steel Transport. I'm an alumnus

[@itsmitchnewton7670]

@mikealdrich7279 contract carriers make around 50 cents more than the spot market rates so im sure the agents aren't doing much better than spot market. You can make up the difference in insurance in 1 or 2 loads for the month. You're basically saying, Miranda would make more money if she went your route?

[@RipMinner]

I'm part of the group that say's it's just a scam. Glad to see them go.

[@davidkang6663]

You forgot to mention as soon as you sign the lease purchase program the guy who sold you that lease just made $15,000

[@bigdaddystep.]

I know a guy who was starved out on the last year. It was a Peterbilt 389. And it was in 2922. When used truck prices skyrocketed. So the truck in question was worth almost what it was worth new at the time. The driver had like 100k equity in it. And they pulled the rug.

[@robertcooper6853]

That’s something a lot of folks don’t realize. The name on the title doesn’t become yours until the truck is paid for. Until then, they can do that because you’re just renting it.

[@renardstewart1423]

Miranda I love how you give the info and have an opinion but do your best to keep the message as unbiased as possible

[@allanbeamer7110]

In 1940, George Raft and Humphrey Bogart did a movie called, "They Drive By Night". Other than it's over 80 yrs old, the issues facing truck drivers and O/O wannabes hasn't changed much at all!! I started driving for a living in '78 and I well remember the beginnings of "flece" purchase when suddenly all the big carriers jumped on that particular band wagon. I hate seeing the Feds having to get involved, on one hand. But on the other, it has been a long time in coming. The industry didn't just shoot itself in one foot. It did so in both feet, and then bled all over the damn place! I grew up such a nice boy. It wasn't until I got involved with trucking that I saw so much back stabbing going on... as well as the very best of humanity. In my not so very humble... and exhausted experience (now retired) oversight is probably just what the doctor ordered, albeit late to the party. Thank you Miranda for staying on top of things. 😊

[@kelvintorrence5994]

Great movie and its 2 real even in 2025

[@shaneamundson1192]

I paid payments on a lease purchase truck and trailer for 5 years before paying them off. I took home way more money than an employee driver and spent more time at home than one. It's not about the number of miles per week. It's about revenue per mile, and getting paid a good percentage by a good company. Unfortunately, a good company to lease o to is hard to find. If the company pays by the mile or if they don't allow you to see the rate confirmation provided by the shipper or broker, or if they forbid you to comminicate directly with the shipper or broker, don't even bother with that company.

[@sedrickwells8545]

What's the company you worked for

[@RussJAlan]

Bet it was over 20 years ago

[@Shivris]

And that alone will disqualify 99% of lease purchase companies.

[@ROLLIN-DUB]

@@sedrickwells8545and that’s the problem- no one will tell you hahahaha

[@renardstewart1423]

Ok I’m a new carrier.. MC almost a year old (almost 11 months) I’ve been following and watching a lot. I only know one way, Total transparency. I only have one driver at the moment and he sees everything. Chooses his own loads or accepts from the dispatcher both always keeps the expenses in mind. Chooses where he fuels (best fuel discount we can find) chooses when he works. Just need to pay the bills that are due and I make a small percentage. Is it me, it seems that this doesn’t work when the carrier is not above board.

[@paullang1505]

I've only been driving about 8yrs. However, I learned enough early on that the lease "purchase" programs were a huge NO! Also, leasing on to a carrier. One guy leased onto a company, and at some point they failed to come up with any loads for almost 3 weeks. He finally went and got his own loads. While he was out over the road, they called yelling that he's supposed to be exclusive to them! Lol

[@alextorres_2023]

My cousin almost got scammed by a lease co in Enid OK… they got drivers leased on the same truck and before the lead was up they made it do hard for the Leasee to miss one payment this was the reason to cancel the lease and keep the truck themselves…. I advised my cousin the turn in the truck after one year making payments and drive to California and pick up my brother’s 99 Coronado, Series 60 CARB non compliant in California… he did and he is running it hauling crude oil and he is super happy with it…sometimes an old reliable truck is all you need. Thanks for sharing this video!!

[@coldfusion5153]

where is he hauling oil?

[@FreemanWithrow]

Prime INC is the #1 predator in trucking . And no I don’t think it should completely go away but be like lone mountain.

[@JBSCHAFFNER]

Crete Carrier is one of the few good lease purchase programs I’ve seen. Also something to remember about leases is that 100% of your lease payment is tax deductible.

[@allanmccullough8550]

100% of truck purchase is also deductable.

[@gerry5933]

@@JBSCHAFFNER yep, I drive for Crete and the CEO himself told me the financing is done separate from the company.

[@brettgramm9849]

Crete Carrier does not have a lease purchase program. They sell their used trucks and you can purchase it on your own from a bank or bring your own truck to the company to lease onto them.

[@MakingCentsInTrucking]

Be mindful that most big box carriers sub out or own a equipment subdivision for this exact reason. It's another tactic to insulate themselves from claiming that you're lease purchasing from the actual carrier. In other words, it's like having a living trust. They don't own the equipment on paper, but they control it's interest! Don't fall victim to these scam tactics.

[@charlieboy501]

@@JBSCHAFFNER all lease purchases are tax deductible

[@dee117tx]

Early❤❤ Thank you for all u do!!

[@John_Linn]

You nailed this one! This is the content I enjoy most.

[@tercha76]

I appreciate your straightforward videos. Very detailed and sourced. No excessive bloviating or doom and gloom projection. Thank you.

[@waynewalker8141]

Excellent info! This is something that's been needed for a long time in the trucking industry a lot of these carriers have been ripping off drivers that have dreams of owning their own truck for too long it's time for this thievery to stop !

[@danf6975]

Prime and CR England already have their lobbyist trying to get this shut down

[@shiningbird3664]

Or mega carriers will be exempt while they crack down on the middle class companies actually trying to help drivers

[@ManMan-e3z]

Good because this saved my life buddy sound like alot of drivers can't do their money right I bought my first house doing lease purchase So it not for everyone

[@kelvintorrence5994]

C r england i wouldnt waste old piss on them ive seen them do more wrong to drivers then good

[@marcryan5399]

Johnny Cash "I owe my Soul to the Company Store "

[@tomlennie8538]

That's Tennessee Earnest Tubb. Not JohnnyCash,

[@marcryan5399]

@tomlennie8538 Sixteen Tons was written and was first recorded by Merle Travis in 1946.

[@tomlennie8538]

@marcryan5399 That's fair enough. I was born in 56 and now 68 yrs old Tennessee Ernie was on the radio and juke boxes in my area pretty regular.. But Johnny Cash may have covered. I'll give credit to the guy you say first recorded it as the story with lots of music.

[@marcryan5399]

@@tomlennie8538 same age but mostly Acid Rock ( No Acid/Drugs).I also liked Jonny Cash, Glen Campbell and Roy Orbison .

[@josezigzag4807]

Thank you! I got this same advice 2 years ago when I started and watched a good friend of mine go through two years of hell with lease purchases! he's now a company driver, and I've been a company driver the whole time, hopefully by my own truck soon.

[@loveforall25]

What she is saying is 100% correct. These two companies, I worked for at Werner, crushed my dreams. Whatever they told me was a lie as far as what I was going to make.

[@shawnblake5365]

@@loveforall25 Werner Stopped Offering Lease Options... I Was There Earlier This Year. I Left Because They Kept My Truck In Shop, Plus The Team Driving Is Pure Slavery... Two Drivers Splitting $.53cpm !!! I Made More Money On Shop Pay With Hotel Room Than Over The Road In Time There... But They Constantly Pressed Us To Drive...

[@danakibby627]

It always benefits the company because most of time driver is paying more than the truck is worth and by time the lease is done the truck needs replaced!

[@re4477]

Applied with Hurricane Express a few months ago. Once I read some reviews on them, I fell back real quick. There was no way I was gonna roll with it. I'll remain a company driver!

[@GoodFella-xw8yx]

Either buy or company drive if you don’t want to get screwed

[@re4477]

@@GoodFella-xw8yx scripture for the uninformed!

[@tenpoint9652]

If you lease a truck and have to carry only the companies freight then your not a 1099, you work for the company as an employee.

[@curtfenslau3645]

I agree 100% they’ve been ripping people off for a long time now, building their fleets and putting others out as they can bid cheap because they aren’t flipping the bill for truck payments insurance fuel etc.

[@TimKemp-e1q]

I’m currently in a lease purchase. I’ve done them before and yes a lot are very predatory and will cause you to go bankrupt. My first lease purchase was with CR England. They paid by the mile and after all the “expenses” I barely made more than the company driver pay with all the expenses and then the ballon payment was ridiculous.i never got to see what the rate con or had any say in refusing loads. I left before I was too far into it. Now I’m currently in a lease purchase program with the company I’m currently working with. They pay percentage of the line haul and fuel charges. 2023 I grossed $350,000 and took home $120,000 as a solo driver that’s good pay. After October my semi truck will be paid off with no ballon payment and a pay increase of $48,000 per year take home bumping my take home pay to around $168,000 per year. That’s very good income. I see all rate cons and can ask for more with absolutely no forced dispatch. So I’m curious how this might affect my situation

[@hottraxx713]

What's your current company?

[@walkerinmotionllc8618]

@@hottraxx713 same question

[@thehovermatic1243]

Two things, this 'task force' was initiated by Joe Biden who is in the pocket of the labor unions. They hate leasing because they want to unionize all truckers. What would this mean? Forced dispatch, vacation days only after approval, union dues, no freedom to own your own equipment and pay your own taxes. Trump on the other hand is going to send this puny task force packing along with many many other useless bureaucrats. You've got nothing to worry about. . Now there may ge a time when lease purchase programs to get cut if a democrat retakes the White House. But in your case you own a truck and the best advice is to save that extra $48,000 every year for your next rig. Cash is always the best way to go.

[@mikedufur7509]

he wont say, ​@@walkerinmotionllc8618

[@TimKemp-e1q]

@ @ Gulick trucking out of Vancouver Washington . 80% line haul, 100% fuel surcharge, 80% extra stops and or self unloading.

[@dollthompson3889]

The evil game has come to a end. Preying on the weak 💯

[@robertcooper6853]

The other aspect of lease purchase, being an O/O, etc. is that becoming a small business owner in trucking is the easiest thing in the world. The problem is that the vast majority of O/O or lease purchase folks have zero business trying to start or run a business. You’re running a business that happens to be trucking, not driving a truck that happens to be a business.

[@dbanthony22]

I did lease purchase with Prime, and learned a lot doing so, it taught me how to manage the truck and my money, I grossed over 200k and was very successful. After taxes, I still took home over 180k. At the end of the day, it's how you run your truck, fuel managment. At the end of my lease, I took home over 10k. Learn the business, ask questions, I called Prime over 20 times asking question before signing. So leasing can be a good thing.

[@rowlandreddick2664]

Got something ya might like to look into,,, since computers were put in trucks they also have complete control from a desk to do whatever they want to the truck,,, i.e.,,, gauge readings, brake control, speed shutdown in heavy traffic, ,,

[@bretyoung1869]

Great information, very interesting 🤔 Happy New Year Miranda !!🎉

[@linelltillman9709]

I lease purchase my truck and yes you're right. My company is a little different because I pick all my own loads mostly from the DAT load board but or if I'm in a certain area, my company has agents that I can call for loads, I can fuel anywhere, get parts or repairs anywhere. But other companies don't allow that

[@anthonyh884]

So your doing a lease purchase scam running cheap load board freight? LMFAO

[@linelltillman9709]

@anthonyh884 who says I'm doing cheap Freight?

[@linelltillman9709]

@anthonyh884 I work for a small company and the last thing they do is scam you in fact my company literally doesn't even bother me. You have 100% freedom to run how you want when you want. And I haven't had any of the problems that all these other people are complaining about

[@tropicalimagesandart762]

This is exactly what happen to me. Prime Inc is the number one fraud against driver. Just like you said, At my end of lease is where they start send $400 loads. Then it got bad when the dispatcher start lying about the load even though its a no force dispatch load. Im for to get rid of the lease purchase program.

[@rebel8440]

what do you think will happen to drivers in a lease contract right now if this law really take affect?

[@ThomasShifflett-i4y]

Thank you for the great information. I’m in the middle of trying to return a lease trailer because I have bought my own, but, because the lease trailer is a “rust” bucket, I have had to make repairs and take off till certain repairs were made. I was told by the company I am leased on to that “ you chose this trailer, and its a lease to own lease, it is an as is situation “ Im pulling my hair out!! Literally!! They literally held 4 loads worth of money for being down getting their trailer fixed til now, i have to use the lease trailer to work my way to turn it in to be able to use my trailer i bought back in December!! Again, I enjoyed this video and it helped me see a direction that might help

[@gearslip8325]

I have always thought about owning my truck one day, but there’s more to life than just bumping and grinding. I like being a company driver and always having a stash in my back pocket in case crap hits the fan. I can just walk away.

[@annv7485]

Sad was able to buy my 1st truck lease purchase. My first time trying lease purchase (SFI) i fell flat on my face but learned a lot second time did lease purchase with jb hunt, I put money aside for maintenance. Was able to pay it off and took it with me to another company I least onto. Without lease purchase I would have been stuck as a company driver.

[@EdMonroe-k2l]

Good deal. You learned what to do to make it work.

[@GDCTT]

Leasing on to a carrier is better but not by much. They still control your earnings among other things. Some are more controlling than others. I’ve worked for one that was a complete nightmare. They were good about changing things in a contract without actually writing up a new contract. They just

[@movingman07]

That part the whole practice should be illegal

[@finalout99]

This is always a great video from any content creator. There are many factors that will make you successful or have you fail at a lease purchase. Sadly, there are many companies that take advantage and their plan is to play the odds, which are not in favor of the driver, that the driver will give up due to lack of miles, lack of pay, lack of support and an overall feeling that they are wasting their time. 1. It's business. Yes, a crappy one but it's a business. The trucking company is not your friend. They know you will give up or the truck, even a new one, will break down. That doesn't mean be a jerk or rude. Be professional. It is what it is. 2. Read the contract. Which won't matter much from what it sounds like. Miranda is correct when there is a difference between being a L/P driver and Leasing onto a carrier. Expect to sign the contract then and there or you will get the classic, "You can't take the contract with you and sign it later, you either sign it now or you need to make a decision." 3. You need to have funds to BUY your own fuel. Do NOT depend on the carriers' fuel card to "get the best fuel discounts." That's why you need to read the fine print on the contract about everything it says you can or can't do. Especially about purchasing your own fuel. Purchasing fuel next to your WEEKLY truck payment is your biggest expense that YOU have direct control of if you have the available funds to buy your own fuel. 4. You want to be a truck owner? You want to pay off the truck that you think is yours? More than likely you won't be going home very much if at all. Don't start to complain about missing birthdays, anniversaries, special events or invites to special events. You can't go. If you go you will fall behind in payments and it doesn't take much to start down that slippery slope. 5. Make sure you are running for profit. Know what you need to make per mile. Know how much it costs to fix your brand and make of truck. Know the shop rates and know when you can save money versus having the peace of mind of a certified mechanic fixing your trucks issues. Sometimes we step over a dime to save a penny. In the long run you will learn from making bad money-making decisions. This too is controlled by the carrier. So READ what you signed and what options you have when your truck breaks down or when you need scheduled maintenance. There are more little tips on this topic, but I'll leave it at that. 6. Take yoiur 34 hour reset. Never going home to make your weekly truck payment breaks you down. Mentally, emotionally and spiritually. Take time off and take your 34 hour reset. Get out of the truck and go for a walk. Sit in the restaurant, take an Uber to the city, look at google for alternate transportation if there is no Uber, have a bike with you. But get out of the truck. My last thoughts...if you think you can just jump in the truck and the "sales pitch" has you believing that everything is going to be ok without you taking any of what I said or what Miranda has said or whatever else you have found in your search for info on this subject. Please start over and re-evaluate your perceived idea of making tons of money with little to no effort. Truck driving as a company driver is hard. Now you want to "run" the whole kit and ka-boodle? I've been a OTR driver for almost ten years.

[@GamingFusionVibes]

Great, yet another regulation on drivers and carriers and NOT the brokers 😀 amazing

[@aliouseck9222]

I totally agreed with you

[@katb8951]

I've only met one lease operator who came out on top. She started out with swift, yes, I know, but a year into the lease, her mother died and left her a very large inheritance, and she paid the truck off. That certainly doesn't happen very often and she was able to beat swift to the punch before they could screw her over and take the truck back. So. Unless you have a rich relative who has one foot in the grave, you should run away from a lease purchase program.

[@user-gq2yv2bs8g]

Thanks for the video Miranda

[@Angora1908]

No health insurance, no paid vacation

[@TimRannow]

@@Angora1908 Then don't sign up for the deal. Yes, a lot of these are pure rip offs, but when did we lose all self responsibility. Don't just rely on the government for every decision that you make.

[@truckerchannel1885]

It’s happened to me when I was working with Prime inc Springfield MO. for the most part I was working under negative $ the driver has no control whatsoever..! As soon as I get my own truck I start making $ 4 years I never been in negative position thanks for bringing up this topic ..! FMCSA should’ve done it long time ago..!

[@rebel8440]

@truckerchannel1885 what do you think will happen with the lease operators at prime if this law really take affect?? do you think they will have to return their trucks?

[@JJsTruckingLife]

Ive been following this channel for awhile now. This topic is something im glad to see being discussed. Ive heard nothing but horror stories about lease purchase. Im going a different route, the other one you mentioned about buying a truck and leasing onto a company to run under their MC#. They pay 90% + fuel surcharge. A buddy of mine has been driving as a company driver with them for almost two and a half years now. If he wasn't only a couple years away from retiring he would buy a truck at least on with them because they are one of the few very legit companies. I'm not going to say what company it is because I plan on going there in the middle of this year and don't want them to get flooded with people and don't have any spots for me 🤣. I will just say that there are legit companies that have good options out there that are not predatory. In my case though I am not doing lease purchase as I am purchasing the truck on my own.

[@ikaelkimble2998]

As a glorified lease op myself I can definitely say I’m learning the hard way. I’m on my 3rd year of a 3 year lease, and each year the trucc payment decreases, my pay and the quality of the loads decrease as well

[@travisstoneking4049]

I have heard good things about Lone Mountain leasing. You get to pick the truck you want just need a decent down payment. ✌🏼💙

[@ROLLIN-DUB]

Everyone’s experience is different, but when you go to the BBB website and look at the tumultuous reviews dating year back, I don’t know lol

[@travisstoneking4049]

@ True the only thing good about a company like blue mountain is you can take the truck and lease it on to pretty much any company and the company you work for doesn’t own the lease. 🤘🏼

[@KG-ssHtown]

I had a decent experience with US Cryo Carriers, but I still bought my own truck at the dealership and came out with a better note. I went from a freight shaker to a 389

[@B0HICA]

My wife & I had 1 unsuccessful & 1 successful experience. The last truck we bought was through a L/P & was paid off in 4 yrs it was a great truck & experience

[@ryanhernandez2414]

I am a Lease Purchase driver. There are some great companies out there with great Lease Purchase programs and there are some out there that are only there to really rip you off. Also, I am successful as a Lease Purchase operator and I get to choose what loads I get what loads I don’t get that after there’s fuel surcharge which is extra money per week and I’m in a walk away Lease.

[@scribblefool]

I have a very positive experience with a lease purchase. After only one year of being a company driver I knew I was in it for the long haul and wanted to purchase one and wanted more freedom. I did my research and found the better companies and best options for me. I think a key is to make sure you can book your own loads with the company that does the lease purchase.. or at the very least don't have forced dispatch. I had to pay weekly, there was a lump sum payment at the end, but there was no interest. I was able to work off a load board and control my own routes, income, and time scheduling, in what was only my second year in the industry. Now I have a paid-off truck that I own completely and have started my own company with my own Dot. It definitely takes commitment and dedication to make those high weekly payments, most of these are aggressively targeted for you to pay off the truck in 2 years.. but if you are serious it's not an impossible option.

[@kermiterickson9120]

100 that is how it should be a true independent contractor o/o . You have all the control. These lease purchase with any type of dispatched work l, all you are is an misclassified employee.

[@ROLLIN-DUB]

I learned the hard way with Lease purchase through Windy City, had a up north truck (2013 Cascadia), drove it all the way back to Atlanta from Chicago- it was like the truck was programmed to start with the mechanical problems soon as I put a load on it (one thing after another, plus the fuel tank strap broke after I put fuel in it- had to ratchet strap it back to the truck and go to the mechanics). Got another one sitting at the mechanic shop so long it had rat droppings in it, busted head light and so on, but because it didn’t have that much left to pay I took it like a fool. From the leaking head gasket to the radiator hoses- if I were to make money being on the side of the road with that truck I’d be a millionaire. I finally said F it, worked for an owner op, stacked my bread and bought my current NO DEF truck cash and trailer. I’d say if you’re going to do lease make sure it’s with a reputable trucking company and they assign you do a drop and hook direct customer like containers or wal mart, JB hunt- the problem is these side of the road leasing companies are giving the lease truck option a very bad name and they outweigh the good ones. In essence, do it the old school way, save your money, work with someone that knows the business and can bring you along until you’re ready to step out in your own✌🏾.

[@loveforall25]

A lease purchase is the worst and most disastrous thing one can get into. I had 2 companies, that I drove for as Leased OO; both contractors for Werner. I never made the type of money they promised me after paying off the truck, fuel, insurance, etc., every week. I drove 2500 to 2800 miles and my check always came between 1500 and 400 (go figure), the paycheck is always very low. Never ever believe them. These companies will give you trucks so that you pay off their trucks with your sweat and blood. STAY AWAY. It's better to work for a company that pays well per mile.

[@Ghostofpiscese]

National carriers out of Irving Texas had a great lease program, 1300 weekly expenses. My bring home at 72% was 2,800-3000 a week average 3200 miles weekly, but that was back in 2014-2015

[@John-dv7hu]

The carrier gets free use of a truck, screws the driver by making them not able to pay for it then recover the truck. They basically get to use a truck for free and then get the truck back to sell or use with another driver.

[@franklingell4546]

ET transport has a great lease purchase program... They are based in Canada so it's different rules they operate under

[@Cocinandoconnaomi]

I leased a truck with schneider SFI, for the first 3 years was ok then they asked me if I wanted to keep the truck or return it. I choose to kept it. So I had to sign another year contract and that extra years I noticed that I had a limited access to loads that I used to see on the load board regularly. With ups and downs I finally payed off the truck and that's when I see less loads for me on the load board, a lots of cancelation loads, while I was waiting for loads third party truck were getting more loads than me.

[@jessesanders5434]

I’m on with Freerksen lease purchase no ballon I dispatched my self on a 90 week lease half way through so fare so good I’ll keep u informed

[@aliouseck9222]

Thank you very much ❤❤

[@EdMonroe-k2l]

I paid for 2 trucks and a trailer via Lease Purchase. When I was leasing a truck and trailer from Hirschbach I got 80% of linehaul and 100% fsc plus I had the ability to book my own loads. That was in 2002. I still have the truck. My current 2019 Peterbilt 389 was a LP through Heniff. The truck was from a 3rd Party Finance Company and Heniff just guaranteed the loan. I had no real control of my movement but I made great money so it didn't matter. So much money that I was able to pay it off 1.5 years early. LP's aren't designed to benefit the driver straight up. You really gotta work to make it work for both parties and be smart with your money. Right now I have my own authority and the truck is doing well. I now have something to trade when I go to the dealership for a new truck.

[@abc123lov7]

Updike in phoenix AZ. Trash dispatch. Welven and the sherriff...

[@blairm9000]

I'm in one now. It has been fair. I'm better off than company driver. Not in a position to buy a tractor at this point, so it is a good halfway point. I have a lot of complaints that I can dwell on, but the lp isn't currently one of them.

[@brenttadams2018]

Thanks for this Information.

[@h82bbad1]

I did lease purchase. Worked well for me. Paid off truck in 2 years.

[@patrickfulton1264]

@@h82bbad1 which company was that

[@h82bbad1]

@patrickfulton1264 Maverick. Although they changed it up and are closing the program now. I left them last year.

[@patrickfulton1264]

@ I’m thinking about going to Napa transportation

[@h82bbad1]

@@patrickfulton1264 they might be good from what I've seen on their trucks. Good luck where ever you land!

[@patrickfulton1264]

@ u still a owner op

[@HoosierTrucker]

The problem with LP is they treat you as an employee instead of a 1099 worker. They can’t tell you how long you can stay out or force dispatch. A lot are snowed just because they can say they’re owning now. A lot goes into it.

[@TheTruckersChannel]

When I ran a trucking company I looked at lease purchase programs. We decided not to do it as it was not a good fit for us and our drivers. If structured correctly I have seen drivers do great at this. That being said there are a lot of companies that don't structure it for the driver to come out with a good piece of equipment and some equity to trade up. Definitely have to do your due diligence.

[@incarsus]

Another part of this scam is that the lease payment you make to the company is legally untaxable revenue. Because repayment of debt isn't taxable. So they buy the truck for 175k, and you pay them 275k, they make an extra 100k tax free off you assuming you are even able to finish the program.

[@alantorres106]

I think theyll keep it going but regulate it more bc it’s a way to keep the truck market circulated and to stop that stops a lot of money

[@frankhuddleston6548]

This will take the power held by Superiors in allow smaller companies to succeed.

[@SikCedd]

I can't complain. I did 10yrs at Schneider and at SFI I paid off a volvo 780 truck which I'm driving now. I completed a separate lease with a Kenworth. Did a 3rd lease but gav truck back cause freight on load board just wasn't there at Schneider

[@chriswellisley6163]

Almost everything you said applies to Swift except I maintenance my truck and fuel my truck anywhere I want and I can get my own insurance if I would like

[@milanrakic7864]

Me personally (small carrier 15 trucks) dont like lease to purchase. 1st its hard to find normal person who really want to drive and make money 2nd majority of lease to purchase drivers like to drive till the truck broke down, and all trucks eventually will broke down. 3rd majority drivers wont do maintenance on truck, 4th they broke bumper or something more and they said thats fine.

[@EndTimesSurvivalBushcraft]

I have been working with Gulick for 5 years. I did my research and everything she saying is correct. CR ENGLAND was notorious. Gulick has been solid and fair. We run our own freight lanes. Fuel where we want. Take routes we want. I make between 4-6k every two weeks. It’s a small company and several drivers have paid off their trucks.

[@lionhead1193]

Respect 🇯🇲💐💐🔥

[@vladimirdjordjevic2190]

Well, I'm working as a flatbed dispatch for Avala Express LLC out of WI and 4 of my drivers have already received their titles. God help those people who were screwed by the owners/market etc..

[@dontwaittobegreat5808]

Thanks for the news

[@samgraves8045]

I paid my truck off a year ago though Schneider. I barely made it . I didn’t say nothing at the end till I made my last payment then I called them about my title, they really acted surprised and funny that I got my truck paid off like they didn’t know I was so close to paying it off.

[@tipppy1000]

I started with the company I’m with just over six years ago. I got a brand new truck through them I’m just under 900,000 miles and I paid it off about six months ago. I’m still getting 2500-3000 a week in miles., They have their own shop and just did $5000 In repairs and are only charging me $700 a til I pay it back., I know more maintenance headaches are coming so by the summer I’m going over to Walmart..

[@Angora1908]

Got lease purchase program singed about 15 years ago to mega carrier no name needed after I lease I did two loads and returned the truck walk out good to know you have 30 days you can break the lease after that period they can mess with you. Never again .

[@truckerchannel1885]

It’s going to be a tough choice to make I have done it..!

[@HMMELD]

I always thought buying a truck on the open market is a better deal. I looked into it at one time, but never went thru with it, stayed company

[@paulchristie2118]

Lease / purchase programs have been a scam since their outset, as are programs which leave the owner secondary to the carriers investment motivation

[@matthewjoiner4026]

Yes I've bought 2 trucks thru a lease purchase and have had great success with the lease purchase with both companies i done it thru. So there is Good lease purchase companies and there is horrible lease purchase companies. Just do you own home work and do diligence b4 jumping at the 1st thing that comes along

[@joshuaweston9338]

Prime big mad rn 😡 😂😂😂

[@DaHighRoad]

Prime inc leases are trash

[@Realpapergetter87]

@@DaHighRoad are you leasing or have you ever leased from prime?

[@highwayoftruth326]

You must’ve failed at Prime.

[@joshuaweston9338]

@@highwayoftruth326 found the prime cuckhold

[@ericjamison8063]

When i did mine at 50% paid off i could take the truck anywhere i wanted. Meaning i can leave and lease on somewhere else. But im doing well here and not going anywhere.

[@elioddara]

I was actually working for a month in a company from Illinois after my truck got hit by a 4 wheeler just to evaluate if I should go for that kind of deal and ohhh man they wanted to charge me with 2000 dollars of negative balance I threaten them with a law suit because of false advertisement in their job description and they just dismissed and changed it to positive 135 dollars, and never bother me again

[@shanecalvin9067]

Leasing a truck from a company that’s leasing the truck themselves that causes a huge problem with most of these companies and lessee leaves the driver negative every week

[@unperuanoenlascarreterasde9964]

Excellent information. Now , how do you educate truckers who don’t want to educate themselves??? Imposible !!! Thank you Miranda .

[@Dachamp2001]

A buddy of mine been at prime 25+ yrs paid his truck off clean and clear now he's on his 4th lease. His truck is his but he has it parked cause he dont want to go out on his own. This biggest problem most of the companies (megas) pull cheap azz freight. So it definitely dont help the small fleet or one truck guy. Even if its your truck and lease on to a company your still at there mercy. The only difference is you can drop there trailer on the side of the road and go about your business.

[@alexbedel6320]

I leased my truck through TEL and paid it off. Was pretty easy. 2200 a week wasn't bad. Net most werks was 4k. I think you have tk more than be a solo driver to do a lease. I trained teams and took all the mile pay. Pretty sweet gig and now that ive paid off the truck my money has juat gone up from there. I did however fail a lease at DART. Dont reccomend them. Tel gave me a new truck. Dart gave me an old pos.

[@tyrone_shoelace_says]

Having less options to choose from is never a positive outcome. Even if some of those options seem unfavorable, eliminating choice reduces your chance for success.

[@tripd1210]

Well the biggest problem with that summary $1800 advance!! Thats the driver check right there!!!😂

[@pdee1978able]

Great video

[@RumbaTube]

I worked with Prime, CR England and Mp Carrier…all of them predatory companies who steal from drivers. I’m done with transportation hassle. Not worth it.