What to expect in the lease purchase industry | must watch | 2023

[@adamvediz8495]

congratulations on getting your truck paid off man!

[@oldrookie266]

Much appreciation!

[@antstruckingadventuresOK1812]

Great video! Nova Lines is a great place to work! If you play your cards right and work hard, it will pay off in the end!

[@oldrookie266]

Absolutely 💯

[@ARGDevilDog]

This was great info

[@markjlly]

Hey brah enjoyed the content! Great job man!

[@oldrookie266]

Much appreciation

[@erichaley6776]

First year with Nova Lines,I grossed $225k in 2021! Last year,my gross was $288k I stopped running west coast! No need in burning up my truck running in those areas! I don’t stay out months at a time (I’m home every other weekend). I’m comfortable here. It’s not a perfect company but it’s way better than most other companies I’ve driven for in my 28 years as a veteran!

[@theowensnetwork9031]

I'm about to sign on, would you still recommend their lease purchase program?

[@NightowlTrucking]

“I grossed” How much did you net?

[@xoEverx]

@@NightowlTruckingprobably 100-150k still pretty good

[@richl2723]

@@NightowlTrucking Asking how much he nets is a question that tells you Nothing!! You want to know gross, then deduct YOUR OWN deductions, such as state taxes, child support, alimony, etc., if any at all.

[@javierportillo8945]

Thanks for the video, good advice.

[@Mississippidawg]

I drive for Nova 2021 until my accident and they were the best place to be at. I got a 2016 truck and payments were cheap. Tell Jim I said hello and congratulations

[@oldrookie266]

Sorry to hear about your accident brother. I most definitely will pass the message on the jim, Be safe. Much appreciation.

[@darenjoe2668]

Great Job!

[@JosephSmith-y3w]

Been looking at doing a lease

[@oldrookie266]

@@JosephSmith-y3w who have you vetted?

[@jamesgarvin6628]

Thx driver

[@melvinkeller1466]

The s is silent in Illinois

[@kl1153]

Just spoke to a recruiter today. Gonna get the ball rollin. Should be rocking the orange and gray in a matter of time.

[@oldrookie266]

Hell yes!!! early congratulations and best of luck

[@NightowlTrucking]

Excellent video. A lot of these “Lease Purchase is awesome” videos don’t mention half of the realities you talk about here. Lease/Purchase Owner/Operator is for people who have the 🛠 , 💪🏽 & 🧠 to run their own business, not for folks who think it’s all about home time.

[@oldrookie266]

Much appreciation, what an awesome point you make. Thanks for watching and be safe out there.

[@ivoryvaughns3579]

Are you still at Nova line

[@oldrookie266]

@@ivoryvaughns3579 yes

[@ghostrt1608]

@@oldrookie266 ... how's things looking over there with Nova Lines... does it seem like the rates are down on the loads

[@ghostrt1608]

@oldrookie266 ...I worked there for awhile and I'm thinking about coming back... I had a cool dispatcher and got along real good with him

[@cordarorose7804]

😂😂❤ love this video, dude ur funny asl n very informative ❤

[@412hwc]

real good video

[@lamarr85l.a96]

Great video my man . I will be keeping in touch. You hit the nail on the head with all my questions. I have more questions. I'll talk to you soon. This is big, Mike.

[@oldrookie266]

Much appreciation, hit me up anytime

[@georginamilagroslyles7517]

Love the information.

[@NightowlTrucking]

4:12 - “You cannot come over here and be successful if you’re in debt…if you have problems with the wife/significant other.” 🎯🎯🎯 5:55 - “…take that company-driver hat & hang it up… The moment you cross over into lease purchase, the responsibilities increase 100%.” 🎯🎯🎯 Why people fail as Lease/Purchasers (L/P) or Owner/Operators (O/O) : 1. Corrupt L/P agreement - 12:44 - Read the FINE PRINT. If you don’t understand it, hire a lawyer. 2. O/O L/P - Current parts shortage 3. O/O L/P - No $$$ saved to pay for the parts that aren’t available in #2. 4. O/O L/P - Already in debt….yea, see # 3 above. 5. O/O L/P - Unsupportive home life - 4:12 6. O/O L/P - Current fuel costs 7. O/O L/P - Current low load rates 8. O/O L/P - Undisciplined - 6:28 “…in this industry you will live it, breathe it, drink, sweat it…” 9. O/O L/P - Unable or unwilling to turn a wrench 10. O/O L/P - Location - 8:15 - Getting home sucks when you don’t live near lucrative freight lanes. 11. O/O L/P - Inexperience. You need to know the trucking industry. 12. O/O L/P - No business savvy. Business owners need to know business….right? 13. O/O L/P - Only 1 truck. No money to make truck/lease payments while truck is in the shop. Other than that, you should have no problems…

[@dannyku6461]

I live in Chicago too! Just got hired with a tanker company that has lease purchase option after 3 months.. i might give it a go after a year!

[@oldrookie266]

Keep chasing excellence, never stop!

[@sokodad]

I’ve been talking to a recruiter from nova lines, but I’m too lazy to do flatbed

[@oldrookie266]

Ha ha ha ok

[@Thomas_O_Malley]

Subbed. Thanks for the information.

[@vmorn85]

I live in San Antonio Texas area and I’m lease purchase with Pam running from Laredo to Dallas

[@oldrookie266]

Awesome, stay safe out there.

[@christophercousineau9118]

I had that exact same microwave in my truck 😂. Food cooks in about a year

[@oldrookie266]

Ha ha ha

[@hjwlm]

Heard Nova was great from a bunch of truckers, but they're strictly flatbed. If I had some time put in running flatbed these would be the first guys I'd talk to.

[@oldrookie266]

Much appreciation for the comment. Nova Lines is great for breaking out in the L.O.P industry

[@MrArielrm250]

Great video bro. Thanks

[@oldrookie266]

Much appreciation

[@1hit3rquit3r]

Good job on the video my man.

[@tonycasteel5460]

Nice I just checked In the hotel. Do orientation on the 7 and 8th

[@oldrookie266]

Congratulations! Wish you the best of luck and be safe out there

[@tonycasteel5460]

Thanks sir

[@user-ey1ve5ew4o]

Hey how is the dispatch can you tell your dispatcher what areas you would like to run and are they good on planning

[@oldrookie266]

You can definitely run how you want, each dispatcher is different on regional experience though.

[@CJOTF]

If you dont mind me asking what other company did you consider before going with Nova lines?

[@oldrookie266]

Green tree, kiwi, Atc, TMC lease.

[@ndavis265]

Great video. Highly informative and motivational. What would you say are the best freight lanes?

[@oldrookie266]

Much appreciation. That’s a tricky question depending on where you live in the country and how often you want to go home. For me since I live in Colorado my playground is west of the Rockies so anything on the I five corridor that heads back to the Rockies pays above the national average for any freight lane, but I am established out here.

[@andregray2]

I'm new to leasing can you give me some advice on what is the formula to keeping down fuel costs

[@oldrookie266]

Who are you currently with? Better yet contact me here at my email. [e-mail]

[@waynesworld2086]

Do they let you book ya own loads with lease purchase and will they hire SAP

[@oldrookie266]

Yes to load booking, I’ve never had any problems. Not sure about SAP.

[@FarrakhanIsh]

Is super ego a good company to lease with, thanks

[@oldrookie266]

Not sure, I’ve only heard things. So many people say their pay structure is crazy and makes it hard for drivers to keep up with. Like I said I’ve only heard these things. Stay safe and thanks for questions

[@FarrakhanIsh]

@@oldrookie266 what lease purchase company would you recommend? Thanks for your time....be safe out there.

[@oldrookie266]

@@FarrakhanIsh that’s so tough to answer with the current market situation. You should look for no down payments and walk away leasing

[@CJOTF]

are the trucks governor

[@oldrookie266]

Think at 68 or 70 for the first three months but I could be wrong

[@Supremebeing02]

What are the trucks governed at?

[@oldrookie266]

70

[@TracyFrye-rl1pl]

Can i do a lease purchase with a 53ft trailer included in contract ?

[@oldrookie266]

Your trailer? Absolutely 💯

[@FinanceAristocracy]

Are Payments on the Truck, Monthly or Weekly? If Weekly, do you have the option too pay monthly?

[@oldrookie266]

IT’s weekly and probably not due to past drivers not paying at the end of the month. This would be a question between you and upper management in Chicago, JUST SAYING if you asked nicely anything is possible

[@Kevins-Rocky-Road]

Driver facing cameras?

[@oldrookie266]

@@Kevins-Rocky-Road heck no

[@normanchavis7746]

Do you have a choice of trucks to choose from? I’m looking to come on, but I want a Kenworth

[@oldrookie266]

If you came over, that’s what you would request

[@johnmerlo5005]

Expert's say don't do it ,drivers say go for it and tell them i sent you.

[@amrinder2899]

How long you have to wait to get truck as lease purchase operator?

[@oldrookie266]

After onboarding is completed your truck will be ready

[@amrinder2899]

@@oldrookie266 Okay thanks How long it takes to complete the onboardin and do the looking for tanker driver?

[@oldrookie266]

@@amrinder2899 flatbed only, onboarding takes 1-2days max

[@user-po8wi4ns3d]

Hi, Sir. Can you share your lease purchase contract here so I can study it? Thanks.

[@oldrookie266]

Unfortunately I can’t.

[@kelechinwadigo3260]

Where do you consider to be a high freight area?

[@patricksamuels4296]

Thank you for your advice sir,I'm looking towards nova line

[@oldrookie266]

Much appreciation and the best of luck

[@allenhanshaw9226]

I'm starting nova on the 21st

[@oldrookie266]

@@allenhanshaw9226 making the jump!! Congratulations, keep in touch.

[@timstafford355]

Had me until..."spot market" 😪 Nothing there last year..

[@sweetness2689]

How did you manage to give extra payments on the truck?

[@JustJefe_]

Does Nova have manuals for lease ? And could you stay regional ?

[@oldrookie266]

Only automatics and we run lower 48 only

[@JustJefe_]

Dang ruined it for me w the auto but appreciate your reply

[@KevinModz65]

What is your balloon payment at the end of your lease to purchase?

[@oldrookie266]

$1

[@KevinModz65]

For real? That’s crazy good. Most other company’s I’ve looked into was around $45,000 after a 2 year lease of $700 ish a week

[@oldrookie266]

@@KevinModz65 that’s nuts. These guys are on a whole different wave link

[@WilliamKabelman-rf5wq]

Hey can you give me some info on how long orientation is and if they have driver facing cameras that a deal breaker for me

[@oldrookie266]

@@WilliamKabelman-rf5wq orientation shouldn’t take any longer than 1/12-2 days, no forward facing cameras

[@johnjohnson9531]

How much money do you save before signing on Nova line

[@oldrookie266]

When I purchased used I roughly saved 25k, going new would be much less to little at all.

[@OTRAL24]

Do they accept sap?

[@oldrookie266]

That’s a great question. I’ll ask around. Thanks for commenting and supporting the channel. Stay safe out there.

[@Colt-hx2vq]

Are you still with nova?

[@oldrookie266]

@@Colt-hx2vq absolutely, these guys are freaking awesome

[@Colt-hx2vq]

@@oldrookie266 what do you make a week with them? I am asking because they offered me a job. But have seen some negative stuff about them.

[@kaybaker8467]

have you heard of the company extramiletx my husband is thinking of doing lease to own with them? also he is going in as a team would it be profitable with 2 im trying so hard to be supportive but its kinda scary

[@sokodad]

Did he ever go?

[@kaybaker8467]

@@sokodad yea it was a total scam made like $65 for a week of work

[@kaybaker8467]

they also edit ratecon and lie about what the loads are paying

[@patricksamuels4296]

Hey brother, how long is the lease

[@oldrookie266]

All depends on the truck, I was in a 110 week’s contract.

[@patricksamuels4296]

@Old Rookie much appreciated brother.

[@markrosser5253]

So you lease purchased a truck with 300k miles pair off at 600k miles. Just in time for the non serviceable parts to start failing.

[@oldrookie266]

Ha ha ha, my paid off truck is doing great. I’ve invested heavily in maintenance and it’s paying off.

[@Kevins-Rocky-Road]

Can we trust a guy with a flat brim?

[@oldrookie266]

@@Kevins-Rocky-Road why couldn’t you? In essence, the terminology in this statement would say : why even hold a conversation with someone who thinks like this. Good luck!

[@Kevins-Rocky-Road]

@oldrookie266 Was just messing with you. Whenever I'm in the hood, I pretend I'm black, too.😉

[@brucebrown5464]

I called nova they told me point blank after expenses be luckey to bring home 1400

[@oldrookie266]

Your worth is measured on you and your knowledge of trucking, chasing excellence isn’t easy or everyone would be doing it.

[@stevennichols8614]

I worked for nova i never made a paycheck

[@oldrookie266]

So sorry to hear that

[@JaysLife78]

What did you do sleep all day

[@michaelcabaniss15]

Not bad information

[@madjack8031]

.....i'll take a Ford over a Chev....all week!!......lol.................Cheers!

[@oldrookie266]

I’ll pick you up on the side of the road in my Chevy when I see you

[@richardmatos6470]

Only flatbed??

[@oldrookie266]

Yes

[@ryanthrush8460]

So this guy is saying you can't work hard for a month and then go home for 4 days or 5 days without worrying

[@oldrookie266]

If that’s the English you understood, ok run with it buddy!

[@youngsavagefury7138]

Flatbed is too hard

[@oldrookie266]

It definitely has its moments

[@camerons6466]

Lease purchase makes you old I’m surprised you don’t have more gray hair

[@oldrookie266]

Ha ha ha! That’s awesome and so true lol

[@Kevins-Rocky-Road]

If you can't enter broke, It sounds like junk trucks. A great many of us are broke. Geez.

[@philosophicaltrucker9279]

LP got a bad wrap because people like you and likely your company are in the exteme minority. Exactly why FMSCA is looking into extending reg authority over them.

[@brianhoppenrath8379]

Lease purchase is for people that have bad credit and probably shouldn’t be buying, smart people won’t listen to you

[@oldrookie266]

Don’t categorize people like that because you’re absolutely wrong, I have perfect credit and money in the bank. I didn’t want to invest because I didn’t know this side of business so entering a lease purchase took the risk off of me and put it back on the Company because this is a 100% walkaway contract. One and a half years later after entering my lease purchase, I paid my 18 wheeler off.

[@GeorgeWalker-s3f]

It all depends on who your least program is with some of them are b*******In fact most of them are

[@oldrookie266]

I’ve had an awesome experience here to include many others who haven’t washed out due to personal issues and speak up when something is wrong. These guys put the ball in your court to make money.

[@LostSoul282]

4k out of 11k, 🤡

[@BigDog-oi5ls]

Stop the lies

[@ShaneJennings-i1k]

All lies……….

[@oldrookie266]

Here we go from the wash out club.

[@ericjett8097]

So you go home once a month but you stay out 2 months at a time?????

[@oldrookie266]

That’s up to you.

[@briansr2006]

I just joined Nova Lines 1 month ago, I have a few questions for you. What’s the best way to contact you.

[@oldrookie266]

[e-mail]

[@leroyarbogast2300]

@@oldrookie266 I am coming into it with no money in the bank,any advice?

[@oldrookie266]

@@leroyarbogast2300 get a new truck with lots of warranty and understand the freight lanes in your neck of the woods

[@leroyarbogast2300]

@@oldrookie266 how is the freight doing right now? I live in wv near clarksburg

[@oldrookie266]

@@leroyarbogast2300 it’s not the best at the moment

[@uglysportshorts1528]

I’m thinking about the equipment look nice. Also what I want to know is the truck governor also I live in Texas and the freight suck. I know I have to leave Texas to get good freight. I lease before and I have a truck I own

[@oldrookie266]

Texas freight does suck and the trucks don’t go over 70

[@Solitaryman70]

So, in other words the SHIPPERS AND RECEIVERS ARE still running the show and Dickpatchers are driving your truck with their computers deciding appointment times for you? Well no wonder you can’t drive 50 miles anymore without seeing massive trucks crashing into each other and even running off overpasses crashing and burning 🔥. The Railroad gets 14 days to get freight delivered. You said something very important, managing your 10hr breaks, What if I need a 14hr. Break, SO WHAT, I’M NOT GETTING PAID BY THE HOUR. WHY, if you’re an owner operator or a GLORIFIED COMPANY DRIVER making truck payments and buying DIESEL AND DEF FUEL, WHY don’t companies just load you up with loads and the DRIVER SETS THE APPOINTMENT TIMES INSTEAD OF SOME MORON AT A COMPUTER THAT GOES HOME EVERY NIGHT AT 5PM 🕔? Truckers have a 24hr clock to work with,, there’s absolutely no reason that truck drivers can’t decide when to pickup and deliver freight at their own Pace. Each load should have a 7-day Window for delivery once it’s picked up. After 7 days it’s considered a Service Failure. Of course you won’t take 7-days, BUT there’s no RAT RACE PRESSURE EITHER. NOW THATS TRUCKING ❤! I’ll bet they’ll be less truck wrecks too.

[@nicureality1427]

Railroads doesn't have so much competitions as trucks on the road, so you don't have much flexibility time to deliver the freight-because the brokers dictate the rules, and you have to accept them if you want to survive in this environment.😂

[@Solitaryman70]

@@nicureality1427, It would help if drivers were a little more educated and had some guts stand up against TYRANNY and Slave Labor. Paying for a job is absolute INSANITY. Don’t drivers have the common sense to realize that, if things were that good, WHY WOULD ANY COMPANY WANT TO SELL YOU THE TRUCK? Let’s see when this guy rookie post a copy of the Title for that truck and will Nova Lines keep doing business with him.

[@JaysLife78]

​@@Solitaryman70Guess you ended up looking a bit stupido