The CONS of Being a Lease Operator & Everything In Between | THE UGLY TRUTH
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- เผยแพร่เมื่อ 5 ก.ค. 2024
- Should you lease a truck through a Lease-Purchase Program and become a Lease Operator?
Watch this video to see Ronen break down the REALITY of being a Lease Operator in today’s trucking industry.
Video Chapter Breakdown:
1. Why do trucking companies offer a Lease-Purchase Program?
2. What should you look out for when going into a Lease-Purchase Program?
3. What are the WORST Lease Programs out there?
4. When should you consider or never consider getting into a Lease Program?
5. What is the pay difference between Company Drivers and Lease Operators?
What do you learn from this video? Is there anything from your experience that you would like to share with us? Leave a comment below!
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Lease is a great opportunity in the right conditions. Right mindset most don't do homework before signing up. Most don't have what it takes to make it though to paid off. Gotta pray for wisdom and learn how to play the game.
I did one of these never never plans 11yrs ago because no matter what my buddies told me, I was gonna make it work. Well ,I got a brand new truck and started pulling reefers out west. First problem was trying to find reasonably priced DEF( this was the start of the emmisions era). Second problem,fuel mileage was horrible(Peterbilt,say no more).Third, they deducted all the reefer fuel,(cleared $800 the 3rd trip out).4th, gave them back their truck. I won't name the company but you can probably guess.P.S. I had 12yrs as an owner-op before this. Sometimes you just have to learn the hard way.
Stevens transport or swift
@@ibrahimcehajic Scotlynn , Ontario,Can.
@@rickgregoire9041 never heard of em,but yeah never eve do a company lease purchase
Yo was that company 😳 prime buddy???
I net a minimum of 2500 a week/net after payment for lease. If you were to finance and insure you’re own truck youd pay the same monthly without added perks of a company sponsor. To each their own 😌
Which company?
@@Fedro994Q Prime
@@EAZIEE ah, that's 2500 USD net. Yeah a Canadian lease operator would only see a number like that in a coma. Someone please help me escape
You don't become an owner operator immediately. You're on a lease to purchase. Leased on operator
Thank you for posting this video and digging into everything.
Always straight to the point !!! Always so helpful!!! And with a lot of knowledge about the topic you are talking about . Thanks for the information !!! God bless you !!!
Should do a video on California ab5 law
I make about 3 k a week just can’t take a week off but I knew that when I got into it three years to gut it out that’s it
Sounds like an honest and upfront company can't wait to join the team
Good video great info 👍
I thought companies offer lease purchases to get poor souls to pay the note on the truck over and over again.
I know most people would not be successful with balloon payments but I like them. Gives you an opportunity to invest that money you would otherwise be putting into the truck... The way I figure it is if you don't have discipline to pay the balloon payment then why are you in a business in the first place?
lease purchase it just to make 2000+ net a week, don't expect to buy the truck. By the end of a lease the truck will be almost 1 year from needing to be sold anyway.
And there you said it. Because that truck is really owned by the company.
The only way I would do lease purchase is if I was guaranteed minimum 3000 miles a week and the leasing company pays for maintenance and repairs that I pay for at the end of the lease purchase term,they have to have skin in the game too.
Talking about a company that does lease purchase and you mentioned w900... I think I know what company you're talking about, I live 10 mins from their home terminal... scotlynn group?
Would it be a good idea if I become a lease operator for a year just to get experience? & also if I have 10k down for emergency money for breakdown?
I was hoping you talk about a walk away lease purchase but you never did. Basically you can walk away whenever you want .Wich is good . Some companies out there would give you the chance to sign the lease purchase program then for some reason you wanna go back to company you can always return the unit. I don't know if someone out there has experience this. Would love to know.
Drivers have become a crop for the companies and all they will do is continue to farm them. But until drought hits or drivers stop producing they won’t change their ways.
Not every lease is a purchase.
Artur Express has a lease but not to purchase and my friend comes home every weekend and is making from 2300 to 3500 weekly net
@@WILLDUTY90 I work for Boyd Bros transportation, I make 2800-3500 a week and can leave whenever I want. I’m literally a company driver that makes double or triple what everyone else makes
@@Dingbobber I’ll check it out
You are talking about that reefer carrier named scott something eh
Do you hire owners operators? I am interested.
If I lease a truck do I have to work that company
Got 30k save up and 745 credit score. I'm just gonna sign lease . Get all the money I can save an return the truck and buy me a new truck
No pay statements we have to watch other video 🥺
Be a company driver for a year and save for the downpayment for your own truck . If your experience less than 2years you can’t get insurance.
Help a driver lol 😆 that's the best joke I've ever heard 🤣😂😆, no 9ne wants to help you they want slaves
The DISGUSTING TRUTH about lease operators!!!
You’re literally a company driver that gets paid double
I dri
I have some pay statement for you to make understand if this company is skimming money off me. I will try to look for your email address