What to expect in the lease purchase industry | must watch | 2023
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- เผยแพร่เมื่อ 27 ก.ค. 2024
- If you have been inspired to enter into a contract with Nova Lines, please use my TH-cam name or truck number F1967 and I will give you a sign on bonus directly to your settlement. Please like, share and subscribe.
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
Sorry to hear about your accident brother. I most definitely will pass the message on the jim, Be safe. Much appreciation.
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!
I'm about to sign on, would you still recommend their lease purchase program?
“I grossed”
How much did you net?
@@NightowlTruckingprobably 100-150k still pretty good
@@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.
congratulations on getting your truck paid off man!
Much appreciation!
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!
Absolutely 💯
Great Job!
Subbed. Thanks for the information.
Thanks for the video, good advice.
real good video
Love the information.
This was great info
Good job on the video my man.
Hey brah enjoyed the content! Great job man!
Much appreciation
Great video bro. Thanks
Much appreciation
Just spoke to a recruiter today. Gonna get the ball rollin. Should be rocking the orange and gray in a matter of time.
Hell yes!!! early congratulations and best of luck
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.
Much appreciation, hit me up anytime
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.
Much appreciation, what an awesome point you make. Thanks for watching and be safe out there.
Are you still at Nova line
@@ivoryvaughns3579 yes
@@oldrookie266 ... how's things looking over there with Nova Lines... does it seem like the rates are down on the loads
@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
Thx driver
I had that exact same microwave in my truck 😂. Food cooks in about a year
Ha ha ha
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.
Much appreciation for the comment. Nova Lines is great for breaking out in the L.O.P industry
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!
Keep chasing excellence, never stop!
Thank you for your advice sir,I'm looking towards nova line
Much appreciation and the best of luck
I'm starting nova on the 21st
@@allenhanshaw9226 making the jump!! Congratulations, keep in touch.
I live in San Antonio Texas area and I’m lease purchase with Pam running from Laredo to Dallas
Awesome, stay safe out there.
The s is silent in Illinois
Had me until..."spot market" 😪
Nothing there last year..
Great video. Highly informative and motivational. What would you say are the best freight lanes?
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.
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
Texas freight does suck and the trucks don’t go over 70
I’ve been talking to a recruiter from nova lines, but I’m too lazy to do flatbed
Ha ha ha ok
How did you manage to give extra payments on the truck?
Where do you consider to be a high freight area?
Nice I just checked In the hotel. Do orientation on the 7 and 8th
Congratulations! Wish you the best of luck and be safe out there
Thanks sir
Hey how is the dispatch can you tell your dispatcher what areas you would like to run and are they good on planning
You can definitely run how you want, each dispatcher is different on regional experience though.
Do you have a choice of trucks to choose from? I’m looking to come on, but I want a Kenworth
If you came over, that’s what you would request
If you dont mind me asking what other company did you consider before going with Nova lines?
Green tree, kiwi, Atc, TMC lease.
Expert's say don't do it ,drivers say go for it and tell them i sent you.
Not bad information
I'm new to leasing can you give me some advice on what is the formula to keeping down fuel costs
Who are you currently with? Better yet contact me here at my email. Americangeomudlogging@yahoo.com
Are Payments on the Truck, Monthly or Weekly? If Weekly, do you have the option too pay monthly?
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
Do they let you book ya own loads with lease purchase and will they hire SAP
Yes to load booking, I’ve never had any problems. Not sure about SAP.
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…
Hi, Sir.
Can you share your lease purchase contract here so I can study it?
Thanks.
Unfortunately I can’t.
How much money do you save before signing on Nova line
When I purchased used I roughly saved 25k, going new would be much less to little at all.
Can i do a lease purchase with a 53ft trailer included in contract ?
Your trailer? Absolutely 💯
Does Nova have manuals for lease ? And could you stay regional ?
Only automatics and we run lower 48 only
Dang ruined it for me w the auto but appreciate your reply
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
Did he ever go?
@@sokodad yea it was a total scam made like $65 for a week of work
they also edit ratecon and lie about what the loads are paying
What are the trucks governed at?
70
What is your balloon payment at the end of your lease to purchase?
$1
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
@@Flip2Flower1 that’s nuts. These guys are on a whole different wave link
How long you have to wait to get truck as lease purchase operator?
After onboarding is completed your truck will be ready
@@oldrookie266
Okay thanks
How long it takes to complete the onboardin and do the looking for tanker driver?
@@amrinder2899 flatbed only, onboarding takes 1-2days max
I just seen another channel where the guys says they micro manage you.
All drivers are made different and shouldn’t be considered equal. Me personally, I’m not sponsored by Nova Lines and do not receive any money to promote this company. Absolutely zero issues here from my point of view.
😂 it doesn't look like add at all😂, so 18months you made 300kmiles, that is over 15 kmiles a month, $3750/week like you stay on the road all 18months without being hime.
.....i'll take a Ford over a Chev....all week!!......lol.................Cheers!
I’ll pick you up on the side of the road in my Chevy when I see you
Is super ego a good company to lease with, thanks
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
@@oldrookie266 what lease purchase company would you recommend? Thanks for your time....be safe out there.
@@user-wp8gt3nj7r that’s so tough to answer with the current market situation. You should look for no down payments and walk away leasing
Do they accept sap?
That’s a great question. I’ll ask around. Thanks for commenting and supporting the channel. Stay safe out there.
are the trucks governor
Think at 68 or 70 for the first three months but I could be wrong
Hey brother, how long is the lease
All depends on the truck, I was in a 110 week’s contract.
@Old Rookie much appreciated brother.
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.
Ha ha ha, my paid off truck is doing great. I’ve invested heavily in maintenance and it’s paying off.
I called nova they told me point blank after expenses be luckey to bring home 1400
Your worth is measured on you and your knowledge of trucking, chasing excellence isn’t easy or everyone would be doing it.
I worked for nova i never made a paycheck
So sorry to hear that
What did you do sleep all day
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
If that’s the English you understood, ok run with it buddy!
Lease purchase makes you old
I’m surprised you don’t have more gray hair
Ha ha ha! That’s awesome and so true lol
Flatbed is too hard
It definitely has its moments
Only flatbed??
Yes
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.
It all depends on who your least program is with some of them are b*******In fact most of them are
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.
Lease purchase is for people that have bad credit and probably shouldn’t be buying, smart people won’t listen to you
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.
4k out of 11k, 🤡
All lies……….
Here we go from the wash out club.
So you go home once a month but you stay out 2 months at a time?????
That’s up to you.
I just joined Nova Lines 1 month ago, I have a few questions for you. What’s the best way to contact you.
Americangeomudlogging@yahoo.com
@@oldrookie266 I am coming into it with no money in the bank,any advice?
@@leroyarbogast2300 get a new truck with lots of warranty and understand the freight lanes in your neck of the woods
@@oldrookie266 how is the freight doing right now? I live in wv near clarksburg
@@leroyarbogast2300 it’s not the best at the moment
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.
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.😂
@@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.
@@Solitaryman70Guess you ended up looking a bit stupido