Lease Purchase On Equipment Of Youre Choice

Topic 10178 | Page 1

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Matt B.'s Comment
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Anyone know of any decent non scamming L/P programs that let you pick the truck of your choice and can haul their trailer?

Matt B.'s Comment
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On like say a truck that you would want at a given dealership

Indy's Comment
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Anyone know of any decent non scamming L/P programs that let you pick the truck of your choice and can haul their trailer?

Up until very recently, I heard nothing but good things about Schneider's IC Choice program. However, they have introduced some changes in their new lease agreement that some participants consider deal-breakers. Still, if I was interested in doing a L/P I would give Schneider a look.

Indy's Comment
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You pick your own truck and you use their trailers...

Dave D. (Armyman)'s Comment
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When doing a Lease-Purchase through a trucking company, READ THE FINE PRINT, very carefully. You could end up losing the truck, and your deposit, if there is one, and may still be on the hook for a ton of money.

I know one person who lost her truck after she got a speeding ticket, because company rules were strict on speeding tickets. This company was one of the few "Lease Only" companies, I think.

Dave

Matt B.'s Comment
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Oh yea i agree. Ive heard about tons of horror stories with this. Thats why i said "non- scamming" i mean who even knows if a company like that even exists out there?

HAMMERTIME's Comment
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Schneider is only paying 65% on dry van , I'm not sure if I could ever pull the trigger on that. I would have to know what cost they cover and cost of the truck weekly to better determine if they are even a viable option at making good money.

Check out Quality Companies they have a list of Carriers they work with and see if any of those Carriers are interesting to you. If you wanna talk more about O/O options feel free to message me. I try to stay away from public chatting about being an O/O

Dry Van:

A trailer or truck that that requires no special attention, such as refrigeration, that hauls regular palletted, boxed, or floor-loaded freight. The most common type of trailer in trucking.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Dave D. (Armyman)'s Comment
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I'm a Company Driver making 25% of the load. It's dry bulk/grain. I net (after taxes) on a slow week just over $700. On a good week just over $1,000.

Dry Bulk would include...meat and bone meal (including "Hi-Pro), corn, soybeans, wheat, DDG, soybean meal, wheat MIDS, corn gluten, and dry fertilizer.

Dave

Tee's Comment
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Hello drivers, I am new to posting on this forum but have been reading the posts for years, so here is my 2 cents.

I am starting the Schneider IC program this month, and yes there has been some changes. Here is what I know of some the recent changes. 1. No more zero down on the brand new Freightliner Cascadias, you can get a gently used freightliner with zero down. The new Freightliners, Kenworth, Peterbilt and Volvos require a down payment anywhere $1,000- $7000 down payment no later then a week before you start orientation. How they determine how much you put down I am sure is a combination of things, such as credit score, current debt, monthly expenses etc. I was told if I would have started in Feburary they had a deal in which for example, your down payment was 5000 (2000 down and 3000 security deposit) they allowed you to put 2000 down and add the 3000 to your month payments over the lease length. This month if you put the same 5000 down 2k would go to down payment and the 3k as the security deoposit, all to be paid at once before you start, but they will match the 3k at end of your lease, 6k is returned to you plus and money in your maintenance account (if you have any remaing) that is deducted weekly. Then at the end of your 3 year lease you have several options: 1. Baloon payment pay full balance 2. Get your own finance to pay balance 3, sign a new 1-2 year lease to pay balance 4, turn it in get the 6k and maintenace amount returned to you and start a new lease with a new truck 5. Turn in get money 6k and maintenance (if any) and walk away.

So yes there has been some changes, and from what I have observed from ic drivers via youtube, talking with ic drivers and doing my own research, I feel this program is for me, simply for the fact that I have more control of my destination, when I want to go home, and being able to run the speed limit in any state I drive in. You also know what you are gonna be paid for that load before you even pick it up, no brokers or dispatchers to deal with, and the ability to run your business your way. I will post my status as I start this new venture and keep you all updated if you are intrested.

Dispatcher:

Dispatcher, Fleet Manager, Driver Manager

The primary person a driver communicates with at his/her company. A dispatcher can play many roles, depending on the company's structure. Dispatchers may assign freight, file requests for home time, relay messages between the driver and management, inform customer service of any delays, change appointment times, and report information to the load planners.
Brett Aquila's Comment
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Teacee, we appreciate that but we've since made it our policy not to discuss leasing or owning trucks here in the forum any longer. We're here to help new drivers get started in the industry and in our opinion a new driver shouldn't consider starting their own company without any driving experience. Therefore, there's no sense in even discussing it here any longer.

Best of luck to ya though!

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