Lease Operator

I am thinking of doing a lease OP with Jim palmer trucking any helpful comments or suggestions this is my first time looking i to a lease OP program so anything that could help me not make a big mistake or be positive in moving forward would be appreciated

NEVER, EVER lease!!!

It’s a no-win situation for the driver.

RUN away now!

Are you currently employed by Jim Palmer?

How much experience do you have?

Have you ever owned a business?

What is the reason you want to try leasing?

I think I can help you figure out a great way to maximize your income, but I need you to answer those questions please.

Short answer is don’t do it!!! There are all kinds of lease programs out there, some better than others. However they all share one common trait. They are designed to make the company money, not the driver!!! All the companies doing them paint a grand picture, but once you sign the papers you find out differently. If you search the forum you will find tons of info on here.

Are you currently employed by Jim Palmer?

How much experience do you have?

Have you ever owned a business?

What is the reason you want to try leasing?

I think I can help you figure out a great way to maximize your income, but I need you to answer those questions please.

Take Old School up on his offer to guide you. Nobody will give you better advice. Look before you leap! I would

NEVER NEVER NEVER NEVER lease.

Without knowing any other information about lease op just ask one question. Why are they making it available to you? Or even why are they selling it to you? The answer is because they want you to lease. It transfer the risk to you and they get to get the income with out the risk. Now you probably can make money but you have a decent chance of failing too. If you can become a top driver and make 70 to 80k a year why would you want to be a lease op?

I have a thread I just bumped of actual lease op numbers from their settlements.

Actual Lease Op Numbers

Most do not even consider they have no Workmens Comp, and they are responsibile for the value of the load if the driver is negligent. Set the reefer to the wrong temp? Slammed om the brakes and shifted the load? Strapped sheet rock too tight and broke it all? Tens of thousands of dollars is your responsibility. It happens all the time.

I find leases are geared towards team driving either as a trainer or with a significant other.

Dont do it. Company driver only. If it were so great and you were going to make sooo much money why would they want you to do it instead of keeping the extra money themselves? I have lease op drivers ask me if I'm a lease OP, I tell them hayall no! They ask me what kind of money I'm taking home and it's usually 2-3 times what they are. They will romanticize it and make it sound really good but dont fall for it.

Yep, it’s all rainbows and unicorns when the salesman does his grand pitch, just like a barker for the circus.

Everything is great until reality sets in and then it’s not.

Need to spend a weeks wages to get two drive tires that are bad? Truck payment is still due. Pay me!

Quarterly bill is due for the Qualcomm rental, estimated quarterly taxes, insurance premium, and permits? Truck payment is still due. Pay me!

All four batteries need to be replaced because the output is under 20%? Truck payment is still due. Pay me!

Broke the fan belt which broke the fan blades and sent them through the radiator. Parts and labor in addition? Truck payment is still due. Pay me!

Went home for a long holiday weekend, so nothing coming in for that week? Truck payment is still due. Pay me!

Got sent to a dead area delivering a trailer, but we can’t get you anything for a couple days? So sorry...Truck payment is still due. Pay me!

It’s all a bunch of hype, smoke and mirrors, and unrealistic fantasies!

Become a Top Tier Company Driver! Be the overachiever and let that company take all the risks (spelled EXPENSES) while you reap the rewards of more money in your pocket, less stress, more time at home for needed downtime. Do not put your money, stress, anxiety, and exertion into the company’s bank account.

This FLEECE crap always gets my blood pressure up, so that’s all I have to add tonight.