Top 6 Best Reasons to Consider a Lease Purchase Program

[@Brett235]

I like being a company driver. I owned my own truck outright and had to sell it in 2008 during the recession. After that I went company and didn't look back. I've been with this company for 12 years and I am pretty much an owner operator without the responsibility. I pick my loads, I am home every day if I want to and I don't go anywhere that I don't want to. Leasing is ok if you're willing to live in the truck, I'm not at this point in my life. Another 15 years or so and I'm going to retire. I will have 40 years in the industry at that point and that's good enough.

[@renesanchez2210]

What company?

[@jeffreycoon9634]

12 years with the same company, it must be a good company to work for. Would you please tell us who it is?

[@Brett235]

@@jeffreycoon9634 I would but the boss doesn't like his name being out there, his name is the name of the company. He only hires local guys, you have to have 5 years experience with no tickets or wrecks in those 5 years. He has 20 trucks, peterbilts, kenworths and classics. We haul mainly local lumber and steel freight to dedicated customers, we don't mess with brokers.

[@Solitaryman70]

JB HUNT 😂. Who Else? He probably will never say because everyone knows that has any experience; that you have to sell your Soul and Dignity to be Successful at JB HUNT.

[@grovedwayne390]

Sold my truck and went to Crete. Been here over 2 years. Best decision I made. regional and mostly drop and hook. Preplanned everyday no waiting. 😊

[@Bigchris19baby]

Ty brother u ezzed my mind. Been driving 12 years and I’m looking into a lease purchase. Thanks for your advice. Keep trucking young man.

[@thomaskirkpatrick4031]

Don't. There aren't any decent lease purchase companies out there. You will get screwed. You are better off staying company or buying your own truck.

[@JuanGelogo]

Going by the comments i see most people do not know how to read a contract before signing or how to counter offer a contract. I don't have a single fleeced friend in a lease purchase program. The buddy making the least made 90k after taxes, payments, 401k(solo), health insurance etc. 90k after all costs driving light guy takes a week off every month to be home. Buddy with the best made 210k after all payments etc. a must to have is a clause that no matter what if your out driving the loads you will not be cut a check less 500$ if that means they differ a payment interest and penalty free or cover fuel etc, then thats what they have to do.

[@SmilingCello-pb9no]

Great video OG....keep trucking!!!!!

[@yamfoot5413]

I’m doing lease purchase with C1 transport out of Illinois flatbed I’ll keep you posted on how it goes for me. On my second week so good so far.

[@truckingenius]

Cool, yes please keep me posted. I hope it works out for you! Good luck!

[@letd1995]

C1 is a good company got a friend that works there

[@BlackNoir74]

How is it

[@sweetness2689]

​@truckingenius what is the update? How are you liking it

[@calvinstreets2260]

How is it so far??

[@RodrickHicks]

Thanks for sharing your knowledge on leasing a truck

[@Solitaryman70]

It’s only knowledge if he’s telling you what NOT TO DO. Any trucker making KZbin Videos are either sitting somewhere without a load, or sitting in a dock bored to death waiting to get loaded or unloaded, So they make KZbin videos to try and supplement all the money they’re losing. That’s why they always say PLEASE HIT THE LIKE AND SUBSCRIBE BUTTON. If you’re really trying to help people, you will never have to say that. The Video would sell itself!!! IMO.

[@truckingenius]

@Solitaryman70 you will never find me saying that in my videos. I've never said those words, have no intention of saying those words. I DO ask people to comment, and even to email me questions. As for your theory that I'm sitting somewhere without a load of waiting to unload, 1) I average almost 3200 miles each week and 2) when I'm waiting to be loaded or unloaded I'm editing videos,, planning routes, budgeting and several other things so NO I'm not sitting around twiddling my thumbs killing time I'm actually being productive which if you were doing the same you wouldn't be wasting time criticizing others. But here's a question for you....... you've clearly got all the answers and have everything figured out so my question is this....if you're so smart why aren't you rich? Why are you driving a truck? Why are you so concerned about what others are or are not doing?

[@chiefcarterphillipines]

Put all the risks on the company. Fuel, repairs, slow freight. Get the most cpm and let the company take the risk. Imo😊

[@mukfay]

It ABSOLUTELY dings your credit. Read the lease!

[@truckingenius]

That depends on the company and the way a program is setup. Some have walk away leases while others you are stuck and cannot walk away

[@mukfay]

@@truckingenius They only call them walk away leases. When you actually read them, you find out that they actually do ding your credit. It's a total racket.

[@mukfay]

@@truckingenius Try telling them you wanna take the at. Least home and then make a copy of it. And send it out to us. They won't let it out.

[@adyh3004]

No, no, it's very expensive to lease purchase 🚚 truck from the mega carriers .... You be paying big money 💰 💰💰💰💰💯💯💯...I lease one from Super Ego and lost money 💰 with the program ....So good luck Mr.Tuck Driver with the lease purchase programs 💯💯💯

[@truckingenius]

I think you misunderstand. I'm not encouraging anyone to lease purchase. I am explaining how they work, what to look for and be wary of, and try to help people understand the facts about lease purchase. So.e people, no lease purchase is definitely not right but for some it could be a perfect solution for them. Everyone has a different situation and some people can gain from the RIGHT TYPE of lease purchase. Super Ego is among the worst in the industry. There's a huge lawsuit against them now that's been ongoing for a few years

[@adyh3004]

@@truckingenius Stop advertising the Lease programs on you tube it's a bad deal Mr.Truck Driver ....I lost big money 💰 with Super Ego paying for lease every month than paying Insurance paying for trailer rental every month paying for the plate on the truck paying for fuel and tolls also Super Ego company fees so by the time I pay all this was no money left for me to pay my own bills .... Stop encouraging Drivers about all this BS programs please 🙏

[@leewhee6464]

@@adyh3004you went to the worst one you could find

[@MulaGee22]

@@adyh3004 superego got a class action lawsuit dude..u shoulda did your research

[@SeanGarrison-t8c]

Super ego is a Serbian owned criminal enterprise isn't it?

[@wyatt12358]

CARDS ARE NOT STACKED IN YOUR FAVOR. YOU CAN BE USED AND STARVED OUT AND BE FLEECED

[@truckingenius]

As I've said many times before, there is no perfect situation however this COULD BE a good starting point for someone to see if they are right for this industry before buying a truck.

[@moseshenderson4355]

Tell me what's the speed on EOS TRUCKS HOW FAST YOU CAM GO

[@truckingenius]

I believe it's 65 on the pedal and 68 on cruise, or at least it used to be

[@terraGaliciaXXIV]

How long do you have to be out typically until you actually make enough to cover all operating expenses?

[@tomhall2679]

Good stuff

[@Based_Trucker]

How long is the lease purchase at EOS?

[@truckingenius]

It's going to vary, somewhat depending on the year of the truck. So, for example, a 2023 may cost $880.00 per week BUT there's another 12 cents per mile charge in addition. The contract for the 2023 year model truck would be for a term of approximately my 260 weeks (5 years) The .12 cents per mile is supposed to be YOUR money and used for maintenance related items such as PM and tires but you won't get that money if you leave. I've yet to find anyone who has ever completed the lease purchase agreement and actually received the title to their truck.

[@JohnDavidson-im3oz]

I am in leas pland for 3 yrs 55000 total no down pay 466 week payment that everything I pay 25/75

[@truckingenius]

Where is this lease available?

[@JohnDavidson-im3oz]

Frightstar

[@AZKapulet]

@@JohnDavidson-im3oz A lot of bad reviews for this company

[@David-cc1sx]

Thanks Vet! Go Air Force😊

[@climjames]

Generally speaking, I don't think it is a good idea to get your truck from the people you get the loads from. Too many of the contracts are a rip off.

[@truckingenius]

I agree BUT some people may be new and need time to see if this business is for them or maybe they can't get financing for a truck or.......... I don't think there's a one size fits all solution but yes I see your point and mostly agree

[@climjames]

@@truckingenius I agree with your point. If someone is not sure trucking is for them and want some real world experience, a walk away lease is for them.

[@djvega05]

As far as I know ALPHA Logistics in Illinois they do Lease Purchase and self dispatch!!.. you booked your OWN Loads and you negotiated the rate straight with the Broker which is the BEST!!!…But if you’re doing a Lease Purchase and you have a “DISPATCHER ” on TOP of YOU how is Booking the loads for you with out showing you the RATE CON!!! You’re FK UP!!! good LUCK on that!!

[@climjames]

@@djvega05 😎

[@georgeperkins4171]

Lease-purchase is usually a bad idea "genius". Company drive and save up for a truck. There's a reason it's usually younger drivers who are looking for shortcuts.

[@generoland5032]

👍🏾🙏🏽

[@Hysteria_1776]

Dont lease or buy a truck right now. The freight rates and fuel prices arent worth it. Stay a company driver, save your $$$ and hold until we're out of this economy.

[@truckingenius]

Everyone has their own opinion. I'll say it again, do you own research. Read and understand what the facts are then each person can make their own decisions based on the research they've done. Don't take my word for it.

[@WISHBONEL7]

As last long as there are this many trucks on the road , getting good frieight rates will usually be a serious challenge " at least 90 percent of the time " .

[@WISHBONEL7]

​@@truckingenius Thank you for the good idea and information .

[@terraGaliciaXXIV]

How long do you have to be out typically until you actually make enough to cover all operating expenses?

[@Solitaryman70]

MONTHS AND MONTHS AT A TIME, AND YOU STILL WON’T MAKE IT. Living in the truck won’t help you either if you have too much Truck Payments. Truckers need to have the mindset that they will never EVER drive a truck for less than $100K a YEAR which can be easily done. Corporations know this, that’s why they’re forcing all the Professional American Drivers out of the industry and replacing us with IMMIGRANTS. AMERICA FIRST MY A$$$$$$.

[@adyh3004]

@@terraGaliciaXXIV for months