Lease Operator

Topic 26050 | Page 2

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Rob T.'s Comment
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Very great points packrat although all i could think of while reading that was the movie Good Fellas...

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Tractor Man's Comment
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Very great points packrat although all i could think of while reading that was the movie Good Fellas...

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millionmiler24 (CRSTs Mos's Comment
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In the famous words of Rick Harrison from Pawn Stars: DON'T DO IT.

PackRat's Comment
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Very great points packrat although all i could think of while reading that was the movie Good Fellas...

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That is precisely what I had in my head when I posted my long- winded reply.

But it is all true!

Bobcat_Bob's Comment
member avatar

As everyone else said do not do it. You will make more money with less headaches as a company driver.

I wish i could flashy thing you with that thing in Men in Black so you could not remember even thinking of leasing.

DAC:

Drive-A-Check Report

A truck drivers DAC report will contain detailed information about their job history of the last 10 years as a CDL driver (as required by the DOT).

It may also contain your criminal history, drug test results, DOT infractions and accident history. The program is strictly voluntary from a company standpoint, but most of the medium-to-large carriers will participate.

Most trucking companies use DAC reports as part of their hiring and background check process. It is extremely important that drivers verify that the information contained in it is correct, and have it fixed if it's not.

Biiie J.'s Comment
member avatar

Thank you everyone for the info it was exactly the honesty I needed to make this decision. I am going to stay a company driver for a few more years.

Brett Aquila's Comment
member avatar

Thank you everyone for the info it was exactly the honesty I needed to make this decision. I am going to stay a company driver for a few more years.

You should stay a company driver until you can figure out why leasing is a lousy idea. If it seems like a good idea then you don't understand it well enough, so keep digging.

G-Town's Comment
member avatar

I completely agree with Brett.

If you learn How To Be A Top Performer as a Company Driver, you’ll never look back.

Most of the experienced “Company” drivers on this forum average 70k annual income. That’s without the additional headaches, financial responsibility and liability directly associated with Lease Operation. If you have no experience running your own business; don’t give L/O a second thought.

The Right Time to Become A Lease Operator is Never

DAC:

Drive-A-Check Report

A truck drivers DAC report will contain detailed information about their job history of the last 10 years as a CDL driver (as required by the DOT).

It may also contain your criminal history, drug test results, DOT infractions and accident history. The program is strictly voluntary from a company standpoint, but most of the medium-to-large carriers will participate.

Most trucking companies use DAC reports as part of their hiring and background check process. It is extremely important that drivers verify that the information contained in it is correct, and have it fixed if it's not.

Rick S.'s Comment
member avatar

For every "perceived advantage" of leasing, there are ACTUAL EXAMPLES of the disadvantaged.

We've gone through this debate DOZENS OF TIMES, with people who are INSISTENT THAT THEY KNOW BETTER - or will somehow "beat the odds" that are stacked firmly against the leasee. It's sad when folks won't listen to reason and logic - and those threads tend to get really testy. Sadder still - these folks will never have the stones to come back and say "hey - you guys were right" - or in the case of the (incredibly rare) "success stories" - come back and tell us how they managed to be successful.

The fact will always remain - for the amount of responsibility, versus the increased risk of failure - the lack of SUBSTANTIAL BENEFIT IN COMPENSATION, the increased TAX LIABILITY and lack of insurance and other benefits - it's a lose/lose proposition.

We've had members here (DanielB comes to mind), that didn't end up losing their butts doing it - lived to tell about it, and described how it worked for him.

As someone who's owned his own business for decades, I ran the numbers and did a risk/benefit analysis - and it just doesn't add up in any fashion that would make me comfortable considering it.

Rick

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Heath L.'s Comment
member avatar

Billie J....you are in the wrong forum to get any support for trying to lease a truck!!!

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